Chart Pattern Secrets

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Bernice Tate
5 years ago
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Chart Pattern Secrets October 04, 2018 Next Alert: 10/09/18 The Trading System: Application of

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9/20/18: The dollar could be topping with a 1-2-3 top

4 9/20/18: The dollar could be topping with a top in place. There could be a quick 50% level retracement. 4

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7/10/18: Stocks are inching their way higher but we are nearing the time where stocks can lose value quickly. Stay long but close longs and go short if prices close below the 50% level.

6 7/10/18: Stocks are inching their way higher but we are nearing the time where stocks can lose value quickly. Stay long but close longs and go short if prices close below the 50% level. 5/15/18: The breakout is to the upside and prices could be headed for a retest of the January highs. No new trades for now. 5/10/18: The S&P mini and the DOW are showing a triangle chart pattern. The breakout from the triangle is imminent but the price direction can go either way. One way to take advantage of the price breakout is to purchase a CALL and PUT option with a strike price as close to the current futures price as possible but no more than three strike prices away from the current futures price. Then once the breakout occurs close the losing side once it loses 25 to 30% of the original purchase price and hold the other. Or, simply wait for the breakout to occur and buy in that direction. 6

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8 8/14/18: The downtrend continues but prices are nearing contract lows. 8

9 8/16/18: Silver is undervalued compared to gold and could move much higher when an up move begins in earnest. Remember the lesson from the course where future 50% retracement levels can be found around price consolidations such as in silver. Silver could continue lower but I m looking for a reversal anytime. 9

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14 06/26/18: Prices plunged without leaving us a completed chart pattern. 14

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16 06/19/18: November soybean prices have plummeted without the retest we were hoping for. 16

17 09/13/18: Look to close out shorts because there is a possible seasonal post-harvest rally that may begin at any time now. 07/10/18: The first profit objective was met and a possible 50% level retest is underway. 06/19/18: SM is now trading below the 50% level with our first trading objective just below at /05/18: Soybean meal has an H&S top in place. A trade below the neckline signals a sell or purchase PUT options with a strike price as close to the money as your account allows. The first downside profit objective is below the 50% level near

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20 8/21/18: Short trades were closed when prices traded above the downtrend line. 20

21 8/16/18: There is a large descending triangle in Dec. and Mar. cotton. Prices have dropped below the 50% level and the first profit objective is near contact lows. Purchase PUT options in Dec. and/or Mar. contracts. 21

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23 07/24/18: Cocoa prices have fallen below the 50% level again with new lows below that level. Supplies are ample and weather is of no concern for now. This could keep more downward price pressure for the near term. PUT option implied volatility is low. 23

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26 Disclaimer and Disclosure of Risk Statement Trading commodity Futures and options on futures involves significant risk. You must consult licensed professionals or your own advisors before trading to determine if it is suitable for you. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. You must consult your broker or advisor before making any trade to insure current prices, margin requirements and other factors determinant to suitability. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers. You agree before doing any trade contained herein to consult your charts and advisors to verify all information and make your own decision. All traders should understand that trading in the futures and or options markets is not for everyone. All traders should understand that there is substantial risk of loss when trading futures and or options. All traders should carefully evaluate whether trading in the futures and or options markets is appropriate for them, as such trading is speculative in nature. When trading futures, traders may sustain losses which may exceed their margin deposits. Option purchases may result in the entire loss of premiums paid for such options. Past performance is no guarantee of future success. CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. 26

Chart Pattern Secrets

Chart Pattern Secrets June 14, 2018 Next Alert: 06/19/18 The Trading System: Application of Trading Chart Patterns with Futures and Option Contracts Copyright 1997 All rights reserved. 1 2 3 4 5 5/15/18: