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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (741)	6/14/1999 5:51:00 PM
From: TraderAlan	Respond to of 18137

Guess this is as good a time as any to pass this along. If you were out west, you'd have it made <g>. I'll respond separately in another post: Come and meet Alan Farley, editor/publisher of The Hard Right Edge. In association with Trend Trader and The Day Traders of Orange County, Alan will be visiting Phoenix and Los Angeles on June 25th and June 26th. Come and hear an outstanding presentation on day trading and technical analysis. Make a note of the times and places below. WE'LL SEE YOU THERE! The Hard Right Edge presents the 7 Bells Original Strategies for Short-Term Trading The Phoenix program is free and sponsored by Trend Trader. Alan will be there from about 6am to 2pm on 6/25. The formal presentation hasn't been scheduled yet so stay in touch: Trend Trader 15030 Hayden Rd Ste 120 Scottsdale, AZ 888-32-TREND The LA program is sponsored by the Day Traders of Orange County and will cost $5.00 (for them to defray hotel costs) and start at 8am on 6/26 at: Doubletree Hotel Orange County 3050 Bristol Street Costa Mesa, CA 92626 (714) 540-7000

To: Jerry Olson who wrote (741)	6/14/1999 6:09:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Jerry, Personally, I would start with the Dip Trip. I've been trading it for almost 5 years now. Many versions I use aren't part of my daily posts. I see Dip Trips all the time on intraday charts and can do approximate fib retracements in my head (which is my answer to another inquiry recently. I use fib on dailies but never exact math on intraday. Too much wiggle and noise). The point of 7 Bells isn't primarily to offer simple stock picks. It's to educate traders on the many undetected quirks in market movement and the opportunities they bring. There are dozens of them in addition to the 7 featured in Morning Trader. They are an efficient way to organize pattern analysis in your head so that you can act spontaneously when all the conditions fall into place and the noise veil lifts. Coiled Springs are a futures market creation and very difficult for many traders to manage. It points to how narrow range price predicts expansion breakouts. The problem is that the direction of the breakout is much harder to predict. But since the tendency exits, successful strategies can be developed to capitalize on it. For example, futures traders will often execute in whatever direction the range first expands into, up or down. The HRE Classic is a local version of Gary Smith's GBS Classic, featured in his column at thestreet.com. It is essentially a cup and handle breakout method. I've never traded a daily C and H but trade the intraday "classics" all the time. One of my favorites is the Hole in the Wall, which is a major down gap after a strong rally. This often presents an excellent short sale opportunity after the hole is tested, even though you're still in a bull condition. Velez over at Pristine did a nice piece on trading this type of formation from intraday charts recently, calling it something else but neither I nor he invented it. I definitely intend to try his strategy out when I have a chance. There are more. Honestly, I could do a lot more but I have to keep some secrets for myself and my students <g>. Market patterns have endless "telltale" signs that make decent trades. Alan