IN THIS ISSUE
Lee Gettess
Bar Charts and How They Form
Lee Gettess' Market Sense
Do You Find Yourself Target Challenged?
Directional Hedging Strategies for Short Term Trading
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LEE GETTESS
 

Lee_Gettess

 

Growing up in inner-city Detroit, Lee started his career at the very bottom-mopping floors at General Motors.  Although being a janitor is honest work, and certainly no disgrace, Lee had a much grander lifestyle in mind.

Believing that more people achieve greater riches in a shorter period of time trading than in any other business in the entire world, he spent every spare minute he had studying the markets.  By 1987 his profits provided a sufficient stake for him to quit his job and trade for a living...The rest is history.

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May 12, 2010     
 
 
Lee Gettess brings us two articles this week.  First, he takes a look at bar charts and how they are formed. Lee also gives us his up-coming market predictions in Lee Gettess' Market Sense.
 
The next article for Oliver Velez introduces the idea trading targets and why they must be watched.
 
Then, Russell Sands reviews directional hedging strategies for the short term trader.
 
Enjoy! 
 
Adrienne LaVigne
Bar Charts and How They Form
 

By: Lee Gettess

 

The following is an excerpt from Lee Gettess' The Five Step Guide to Trading Profits 

 

This is a very dry title, but one of the most exciting concepts I've ever come across.  Discovering it made a huge difference in my trading.  If you can imagine a daily price bar being created (and this is true for any other length bar as well. . .weekly, monthly, etc.) we are going to try to take advantage of how it is created.

 
 
Lee Gettess' Market Sense
 
Lee Gettess is a top trader who is excited to bring you his new video newsletter. Each week, Lee will share his predictions on what he anticipates from the bond and S&P markets.
 

Do You Find Yourself Target Challenged?

 

By:  Oliver L. Velez

 

The following is an excerpt from Oliver Velez's Strategies for Profiting on Every Trade  

 

One of the greatest challenges in trading comes from getting to targets.  It is one of the most difficult areas both from a technical perspective (finding the right areas on the chart) to a psychological perspective (staying with the trade while the stock achieves that target).

 

Psychologically, this is perhaps the most difficult area because you may not even know you have the problem.  If you don't take stops, you see and feel the pain immediately.  You may fix it, or may not, but you know what you have to deal with and you cannot avoid it.  If you do a poor job reaching targets, you may not notice the problem.  You may even feel you are doing well because you feel like you have a lot of winners.  The only problem is that you have a handful of losers that wipe out all the small gains.  Without tracking and evaluating the statistics on your trades, you may never realize the importance of this issue.  This is where most people stand.  Let's take a look at which issues to consider when setting targets. 

 
Directional Hedging Strategies for Short Term Trading
 
By: Russell Sands

The following is an excerpt from Russell Sands' Turtle Secrets

Please see the following table of 'Buying the Open-Selling the Close' daily results for the Bonds and S&Ps.  It appears at first glance that, other things being equal, you would want to buy the Bonds on Fridays and the Stocks on Mondays, and sell the Bonds on Mondays and the Stocks on Fridays.

LEE GETTESS FIVE STEP GUIDE TO TRADING PROFITS

 

Top professional trader

Lee Gettess reveals the five steps crucial to Five Step Guidetrading success. Reveals how to minimize risk, identify powerful profit patterns, and how to use volatility to your advantage. Also includes an incredible day trading technique to make intraday profits or greatly improve entry and exit for longer trades. Reveals highly accurate, automatic systems - including one with 100% accuracy for the past 13 years! All systems and rules are used by Lee in actual trading and fully revealed so you can trade like Lee!
 

Learn more about Lee's Five Step Guide

PLEASE READ.  Past results are not necessarily indicative of future results.  There is a substantial risk of loss trading commodities with or without this or any other advertised product, service or system.  Also hypothetical or simulated performance results have certain inherent limitations.  Unlike an actual performance record, simulated results do not represent actual trading.  Since the trades have not actually 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 profits or losses similar to those shown.