Miranda Sarmento: Privatização da TAP descola "nas próximas semanas"

[Dwer]

No Headline Call today. Urgent Briefing today about the different market environment we are in NOW. Bias is Bearish for today's trade on higher openings and early price rises.

Trade Setup Summary for Friday, January 30, 2004:
NoTCF trade setups occured on Friday as we had strongly suggested STANDING ASIDE.

Market hit BreakDown Hour One pivot, rallied a few feeble points, pulled back to below entry, and rallied a few more points near the closing hour. Great day to stand aside.

Recap of Friday's Action:
Good Morning and thank you for joining us today on this urgently important briefing.

Those of you who have been subscribers for over a year know that I built my ENTIRE REPUTATION on being a No B.S. trader who created this newsletter ONLY for the purpose of assisting traders who wanted deeper insight into the S&P500 trading business.

In the early days of our success we were flooded with new subscribers... a large portion of which were professional traders, fund managers, floor traders and other long time experts in their respective fields in the markets.

We are and have been long honored by the committment of these professionals to renew their subscriptions and tell their other professional associates about us.

Because of this original group and the many other wonderful thousands of subscribers we have added over the last year and a half or so I have always taken great care and attention in pointing out that I would ALWAYS be totally...100%...No B.S. willing to re-tool, re-adjust, and re-organize ANYTHING NECESSARY to keep what was orignally Day Traders Action.com and what has now become 21st Century Futures cutting edge and vital.

I originally had never isolated an exact list or grouping of precise rules or a trading approach that I used but over time a fairly accurate list of on-going principles had come to the surface that we had used to capture the movements of the markets PRIMARY INTRADAY DIRECTION for that day.

When I joined up with 21st Century Futures we compiled a 21st Century Trading Handbook broken down into chapters that basically was put together from a series of about 3 reports that we used to send out to our Day Traders Action.com new subscribers.

After we joined with 21st Century Futures and saw a massive increase in our subscriber base of, to be honest, relatively new and inexperienced futures traders, we had a lot of beginners hanging their hat on our TCF Trading Manual and on every word I wrote.

My intention from the beginning of writing this newsletter, which has continued today and is completely obvious and indeed BLATANT in my writings over the last year... IS THAT S&p500 TRADING SYSTEMS, METHODS, IDEAS AND APPROACHES NEED TO BE RETOOLED SOMETIMES OCCASSIONALLY AND SOMETIMES FREQUENTLY AS MARKETS CHANGE.

It is often very difficult for beginners who are just barely getting used to adjusting their brains to understand HOW YOU CAN MAKE MONEY SHORTING THE S&p500 FUTURES IN A BULL MARKET to the well know and accepted idea of professionals of the CONTINUOUS NEED TO RE-TOOL IDEAS THAT MAY NOT BE WORKING ANYMORE WHEN A MARKET HAS CHANGED.

This is exactly the situation we are in NOW. I have been observing this for about 2 months since the end of November and as most of you know I stood aside most of December in both the briefings and the managed accounts to take some time off and really analyse what was going on in the markets. This was the only prudent and correct thing to do in the face of the obvious changes that were occuring.

I HAVE SPENT MOST OF JANUARY, LIKE MOST PROFESSIONAL TRADERS I KNOW, SCRATCHING MY HEAD, WAITING FOR THE RANGES/VOLATILITY TO OPEN UP, AND SEEING A TOTALLY DIFFERENT REACTION TO THE TCF SETUPS THAN WE HAVE OVER THE LAST YEAR AND A HALF.

Unfortunately this month of January is the month where we started our new Managed Futures program and a simple glance back at this months briefings will show that we have seen our TCF setups get stopped out more than any other time in the history of me producing these briefings over the last year and a half.

To say that this is frustrating or unfortunate is more than obvious.

I have been fighting tooth and nail with every professional trading ability I have to cut the losses on the stops to a minimum. Using a 6 point stop in an average 8-12 point range is not appropriate or prudent and that is why we are instigating our whole new approach until we see the ranges and volatility open up in a substantial way again. The challenge is to find those rare days now where the TCF setups do offer a 6-8 point trade and those are impossible to predict. If you go through the Januaray briefings those days are shown where larger ranges did occur and we have been able to catch the 6-8 point move using our normal TCF guidelines. On those days however, the High Five have been acting erratic and contrary in many cases of our normal criteria shown in the TCF Trading Handbook.

WE HAVE TO FACE THAT THE MARKETS HAVE NOW CHANGED, THE TCF SETUPS ARE FUNCTIONING IN A DIFFERENT WAY, THE RANGES HAVE SHRUNK AND VOLATILITY IS NOT A DAILY AFFAIR ANYMORE AT THIS TIME BUT A RANDOM EVENT.

This could change tomorrow as I have been saying all through December and hoping for in January BUT IT IS NOT CHANGING.

As you know, 2 weeks ago I have submitted to incredible RE-TOOLS to our site which I introduced in the Ask Mohan section. I have elaborated completely in my writings there about the:

1) Need to start scalping smaller amounts of points on the TCF setups instead of waiting for 6-10 points. However, these amounts still are possibly available ON SELECT, VOLATILE DAYS.

2) The New Trailblazer setup which is used to enter the TCF setups and can be used for exiting the TCF setups. This charing method (my report is available on the site in its own section) can also be used to make relatively low risk, small stop, intraday trades as well.

* I re-tooled the Trading Handbook officially on 1/20/04 for #1 and 1/25/04 for #2.

Please read all these Re-tooled Updates carefully and realize the importance in how we will be using these going forward in reporting the markets movements in our daily Briefings.

We will start more detailed elaborations on the TCF setups including the new re-tooled ideas starting with tomorrows briefing.

I am implementing a fabulous new SYNTHESIS OF THE OLD TCF HANDBOOK RULES AND METHODS WHICH ARE CURRENTLY NOT ENTIRELY APPROPRIATE FOR THE CURRENT ENVIRONMENT BUT BECOME VALUABLE WHEN APPLIED IN CONJUNCTION WITH THE TRAILBLAZER TCF SETUP IN ENTERING, EXITING AND DETERMINING HOW MUCH PROFIT TO TAKE ON A TRADE.

MORE INTRADAY TRADING WILL BE REQUIRED TO SUCCEED with what I estimate to be up to 3 trades a day with the normal day being 2 trades. Experience and discretion are urgently needed until one becomes highly adept at the process and I plan on training you in that process as a subscriber and attendee of my new seminars.

So let's all step forward into the future, realize that we cannot change what is right now by hoping that the past is the same today, and be ready to become more professional and experienced traders while doing it.

Today's Call & Briefing:
Let's STAND ASIDE TODAY and let the markets sort themselves out after one of the lowest range days I've seen in years ...which was Friday.

I will give you more details on tomorrows briefing about what has occured on today's action as far as the TCF setups including scalping for less profits and Trailblazer.

Value Area: 1,127.90 - 1,130.50
Watch this area for support and resistance today.

Buy Pivot Target: 1,126.50 - 1,127.50
No Trade at this pivot today as we stand aside and see if we get a downside bias according to our Market Force indicators.

Sell Pivot Target: 1,132.75 - 1,131.75
No Trade at this Sell Pivot today as we stand aside and observe todays action.

10 Day "Pit Bull" Moving Average: 1,139.20
Watch for rallies to stall below this number and look to stay on the short side of this Pit Bull moving average.

Pro Trader's Action
Congratulations. If you have finished reading this briefing and are willing to accept change you have made a major step in becoming a TRUE S&P500 Trader.

Real S&P500 Traders and other professional traders REALIZE FULLY that systems, methods, and ideas need to be retooled either occasionally or sometimes frequently during certain periods.

One of my great mentors and hero's of S&P500 Trading is an author/trader named GARY SMITH whose original S&P500 method brought great attention to him. I was fortunate to have been one of the small group that attended his FIRST public seminar in Las Vegas.

He showed a clear method for trading the S&P500 that he had USED SUCCESFULLY FOR OVER 5 YEARS to make a steady living. He published the method ALONG WITH 3 RE-TOOLED MANUALS FOR THE METHOD OVER ABOUT A 4 YEAR PERIOD.

He then went on to write the perennial best seller called "How I trade for a living" which I have recommended to our readers.

Now here is the hitch. In his book he states that his early S&P500 method is not longer Valid. The re-tools I have made on that original system (which literally changed almost the whole approach except the basic premise) have worked fabulously for the last 5 years since he denounced it.

Now the best part is THAT HIS BOOK IS STILL A HUGE, BEST SELLER BUT MOST OF THE METHODS IN HIS BOOK ARE NOW OBSOLETE Yet it is still a best seller. I have heard (but not confirmed officially) that he has said on the internet chatrooms LONG AGO that the methods in the book, "How I trade for a living" are not as potent or valuable as when he wrote it.

Take a look at ANY of these internet Financial Book selling websites and they all feature Gary's book and promote it!

Do you see the cluelessness of this industry?

Rest assured with Mohan's Briefings I will always do my best to give you the no B.S. honest truth about WHAT WORKS AND WHAT DOES NOT WORK as that is why I created this publication and that is what I stand on.

Let's open the doors to a whole new approach and get ready to do a bit more trading and research in order to still bring home the same 6-10 point paycheck that we have been used to from the months prior to November/December of 2003 before the markets changed.

All the best of success and to your families that support you (us) in our trading of the "Fastest Game in Town", the S&P500 futures.

I'm with you all the way! Mohan