Hello
Charles
You CAN work with
this price levels
You enter the trade
long with a spread
Example
You are bullish on
BA
And next time it hit
90 you want to get long
You buy the
1/08 90
calls and sell the 1/08 100
calls
Let?s say
that you are wrong and stock first goes to
85
You buy to close your
100 calls at profit and use money to buy 1 more call of
90
Then when stock hit
93-95 you get out
There is a solution
for draw down, and money mgt
You can do 1 option
or 100
Ben
-----Original
Message-----
From:
realtraders@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of Charles Meyer
Sent: Monday, August 20, 2007 6:39
AM
To:
realtraders@yahoogroups.com
Subject: Re: [RT] DXU7
Ira-
Tks for your comments. Looks like I need
to take more
time to learn all about Fib levels and price. It
obviously
works well for you and the students and that's good. I
could never work out if price was supposed to stop at 38%
50% or 62%;
so for me Fib levels have been a dilema. Pice
your level and hope you're
right about which level you've
chosen. I know you must look at Fib levels
along with
other indicators as well as
filters.
Chas
----
On Sun, 19 Aug 2007 12:14:27
-0700
"Ira" <mr.ira@xxxxxxxxxxnet>
wrote:
> The method is proprietary so I don't have an explanation
>for how it works. That would be unfair to past students.
> The
charts themselves, are as accurate as Ensign and
>DTNiq can make them.
I do put the levels on the charts
>when I post charts.
>
> I usually post charts on the week ends so that you can
>print
them and then mark them during the week to see if
>they do what they
are supposed to. The commentary and
>analysis are mine and if you have
a system that you are
>using you can use the information to reinforce
your
>findings or create a certain amount of doubt that will
>cause you to recheck your conclusions. It is you and
>your
system that is trading. I am not teaching a trading
>method on this
site.
>
> Thank you for your positive comments and I hope that
the
>site proves useful and profitable for you in the future.
>
> Ira
>
>
> ----- Original Message -----
>
From: Charles Meyer
> To: realtraders@yahoogroups.com
> Sent: Sunday, August 19, 2007 11:16 AM
> Subject: Re: [RT]
DXU7
>
>
> Ira-
>
> I don't offer a website
or tutoring; so maybe this
>isn't
> an appropriate response.
Having said that, here
> is my 2 cents about your website:
>
> * I love your comments. Good stuff for perspective,
>etc.
> * There is no commentary about how you arrive at the
> price levels on your various charts, so
> that isn't very
helpful; or useful.
>
> Tks...
>
> Chas
>
----
>
> On Sun, 19 Aug 2007 08:46:05 -0700
> "Ira" <mr.ira@xxxxxxxxxxnet>
wrote:
> > I guess that I will keep making spelling errors for
>the
> >web site. The correct address is
>
>www.thetradersguide.net.
> >
> > I have just
added the September Dollar contract to
>the
> >site. So the
indices, Crude oil and the dollars are
> >posted along with the
economic releases for the week.
> >
> > I will try to do
the bonds a little later.
> >
> > Ira.
>
>
>
>