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Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?

To: nicewatch who wrote (211)	11/21/1998 12:12:00 AM
From: High Grader	Read Replies (1) \| Respond to of 645

Wiley Bob Miners book Dynamic Trading is excellent to read and his website is an ongoing source of good education. I love his use of Fibonacci ratios for timing and price targets. There is so much to look at and learn in this game but really understanding one thing well and building around it works. There is no Holy Grail but look at enough charts and learn how a few indicators work and compliment each other and your odds get better. For my money, Williams' two books, Miner's "Dynamic Trading" book and another called "Trading for a living" by Alexander Elder are all anyone needs to get going with a chance of success. Other books have good ideas here and there but those four are really worth the read and the study. Watch IBM for the next few days and if you can plot the 5 35 macd indicator you should see some nice action on the down side. The indicator gave a sell signal 3 days ago and this is a classic setup to watch. If you can't plot the indicator let me know and I will post it for you to watch as it unfolds.

To: nicewatch who wrote (211)	11/21/1998 1:45:00 PM
From: wiley murray	Read Replies (1) \| Respond to of 645

Frank: Thanks for the site. A very interesting site. I was interested in his coffee comments.Have you traded coffee. Very volatile I hear. Robert Miner's DYNAMIC TRADER WEEKLY REPORT - Nov. 14, 1998 - Page 5 of 7 Trading Strategies and Recommendations For The Period Of Nov. 16-20 Coffee (Dec.) Time: Sept.-Nov. A major bottom should be complete in the Sept.-Nov. time period followed by a two-year bull trend. Support: 113.45-112.00: If Oct. completed a major low as anticipated, Dec. coffee should not close below 112.00, 110.00-108.20 Pattern: Sept. 21 completed Wave-5 low. Coffee has declined to what should be the maximum price zone for a corrective low. Intermediate Term Traders (L-10/19, 106.75): Maintain the protective sell-stop at 109.95. The protective sell-stop on the intermediate term position is left relatively far from the current market position. The objective of the intermediate term position is to remain in the trade in the event a consistent bull trend develops. Short Term Traders: The short-term long position was stopped out on Monday, Nov. 9 at the 120.95 protective sell-stop. We will now look to enter another short-term long position as coffee has declined into the support zone that allows a trade entry with minimum capital exposure. Buy on the close if the close is above the current day's open and the prior day's close. Place the initial protective sell-stop one tick below the recent low.