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Yes my gains have been exceptional using this method. Like Chick I don't really like talking in dollar/percentage terms, the market has a way of punishing this kind of talking :) But returns have been very good. Not because we have some complicated formulas or forecasting, we just try to pin...

Great to hear from you TGM! You were one of my earliest references to Chick's material :) Couple letters sent out this evening by Chick Lot of things for me to digest today and consider for re-evaluation of my own trading, I may have been too aggresive to position with the MLs...

Someone privately messaged me a suggestion that I thought would make for a good discussion, so I have removed his name and will reply here. I haven't read any of Linda Raschke's stuff in a while but if I recall, her timeframe tends to be shorter than the swing/position style me and Chick...

Tuesday PM comments Chick says it's ok to be wrong, just correct your mistakes when wrong. Today we were on the wrong side and today's action gave odds of continuation so now it's time to adjust for that. SL's in many markets are on long term lows, but ML cycles are also strongly down...

Quite a negative day today in all markets except stocks, which had a decent up day. (Nominally neutral to small up but recovered from their aftermarket losses) ER2 exploded up on spike type up day. Gold and euro were both stopped out today, which I think keeps the overall picture quite...

Late night comments: As said before Chick is good at constantly re-evaluating a situation Not getting too attached to one side, something I feel I do too mcu hand am tryign to work on. Couple days ago stocks were looking good for a bull run, now situation has too much risk. Commodities...

Yes that is correct which is counterintuitive because we think of gold as the primary market. But the relative strength pattern is Platinum leading, Silver in the middle, Gold at the end. If any of them disagree with each other then the relative strength signal is not that strong. Stocks...

Platinum:

Forum said to shorten my post to less than 10,000 characters, that's what happens when you put Chick's commentary in the same post as mine :p I'm personally expecting a good day in NQ tomorrow, at the very least good in terms of relative strength. NQ had the best pattern a few days ago and...

Thanks guys, hope your trading benefits as well! Sunday evening comments from Chick

It passed through my mind before that it might be better for a profitable trader to trade in a tax deferred account and offset the 10% withdrawal penalty by growing his account faster. Of course how much you withdraw is going to be a big factor, but it seems very worthwhile to have a separate...

Thanks Toorik! Yes it was quite a surprise to see that in the letter today. I'll have be be more careful about what I say now ;) Just kidding, I'm glad you like my journal Chick, I couldn't have done it without you. Very few people share such valuable information with the generosity that you...

Great day today! Natural gas plummeted to the downside and the entire move was caught with a big and small contract (or 1.25 big contracts). The “standard” rule is that when SL is at extremes, one shouldn’t try a long/short to that side without trend and ML clearly in the same...

Latest letter from Chick: Great to see 3 letters from Chick this week, he had been rarely commenting for the last few months and there was a 2 month period of no comments at all. It’s always tough to tell but there is a chance he may be sending these brief letters out on a semi-frequent...

I checked the yellowpages for an accountant and found more than 2,000 of them around here. I guess that's a good thing! But before i start calling I was wondering if any traders around here had a good accountant they could recommend to me. I am a futures trader who is going to live abroad for a...

Chick put out 2 letters Tuesday morning, here was the latter one that was a update/revised analysis of the first: Will have to make this entry short but here is a rundown of my activity for today. The silver hedge was a bad idea and sold for a decent loss at 18.950. Bonds performed...

The bonds trade was overanticipated and stopped out for a big loss at 116.30. However I’m still bearish on this market. I’ve been chopping a lot of trades this month (euro, cocoa) and even missed a few trades that would have posted good gains (gold and crude) so these two combined are...

I'm sorry, yes that is a bearish divergence. I was describing the other type of divergence when you have SL going in one direction and price going the other. I look at the daily charts mostly but will also look at the intraday charts to see what happened during the day.

Don't bank on my comments Jody, I am just showing you how I see the market and make decisions. Chick agrees with your assessment of the euro. As for gold suddenly dropping off, that would cause a bullish divergence, not bearish, if the SL continued to point up while price fell. This will only...

Hi Jody, as Chick notes the point system is not really enough to trade off of. TO read the markets accurately you must be able to "read through" the lines. Ie trend may be pointing up but is it actual or is there a chance of a currency or commodity wide bear market? or is it just the opposite...