Quebra nas vendas e serviços adensa receio de contração na Zona Euro

[Dwer]

If market stages an early rally off the opening area then we can stay on the sell side with our trades. If the opening is lower (below 1133.00) and runs lower FIRST, then depending on the High Five readings we would look to stay on the Buy side of the market.

Trade Setup Summary for Tuesday, February 3, 2004:
Total of todays trades: +12 pts. (Remember: We are now adding into the total the Trailblazer setups along with the other TCF setups)

NOTE: THE TCF TRAILBLAZER SETUP TRADES 2-5 TIMES A DAY WITH AN AVERAGE OF 3 TIMES A DAY. ONLY TRADE WITH THIS SETUP AFTER AT LEAST 20 SESSIONS OF PRACTICE ON PAPER OR A LIVE SIMULATED TRADING ACCOUNT. DO NOT USE REAL MONEY UNTIL TOTALLY ADEPT AT UNDERSTANDING THE TRAILBLAZER CONCEPTS....NOT FOR NEW TRADERS.

Use one minute chart with 9/18 period SMA to see these setups.

1)9:39 Sell 1132/ Cover 1130 ...+2.00

*Trident sell formation/cover fast spike lower

2) 10:18 Sell 1134-35/ cover 1130-31 ...+4.00

* 3rd level sell on spike candle/ cover on spike lower in 3-5 pt. range

3) 11:23-24 Sell 1135.00/ cover 1131.50-32....+3.00

* 3rd level sell on spike candle/ cover on spike lower in 3-5 pt. range

4) 12:25-27...Sell 1135.50/ Cover for up to +4 pts...

* Sell BreakOut Hour One pivot.

ALL TRADE TIMES ARE EST...ALL TRADES SHOULD BE CONSIDERED HYPETHETICAL

Recap of Tuesday's Action:
Good Morning and thank you for joining us today.

We had another tight range on Tuesday but we did have a succesful Hour One BreakOut trade along with 3 Trailblazer TCF setups for our small 3-5 point scalps.

Notice how with the Trailblazer trades we generally try and stay on the same side as the Headline Call and the High Five. THIS IS NOT A REQUIREMENT OF THE TRADE but an axiom I tend to go by as it makes sense.

I have listed the times of the Trailblazer setups for those of you who have begun to carefully watch how these setups work.

This Trailblazer TCF setup is a great gift to you that I have revealed in these tight range markets and I hope you will learn to appreciate the effectiveness of them. Kindly heed the CAUTION under the "Trade Setup Summary" and learn how these work in real time before attempting to trade them.

TO LEARN TRAILBLAZER LIVE AND TO ITS FULLEST EXTENT COME TO MY SEMINAR THIS MONTH IN FLORIDA FOR 4 DAYS OF TRAINING ON FEBURARY 27TH. HURRY ...LIMITED SEATING GOING FAST. Call (561) 750-8483 to reserve your seat now or request more information. I will PERSONALLY train you with LIVE TRADING of the TCF setups for 2 days and 2 days of the best S&P500 education in the industry. Don't Miss this seminar. Will probably be the last one I will do this year as I am becoming very absorbed full time in our Money Management programs. Don't Miss it if you are serious about learning to make the maximum amount of S&P500 points each day in your trading.

So the markets overall found the pressure to the sell side on Tuesday and we are expecting more of the sell side pressure BASED ON OUR HEADLINE CALL CRITERIA. The one problem is that TOO MANY BEARS are once again building up on the sell side and this means higher prices are needed to clean out those excessive bearish positions.

The BreakOut Sell worked out well according to our NEW RE-TOOLED IDEA of scalping 3-5 points on the setup.

Isn't it funny how just when it once again appears that the ranges are opening up we get this contracted volume and range again. The High Volume, expanded range days are becoming isolated events now and are difficult to predict.

All we can do is keep hammering away, following our discipline and staying the course. I find it very difficult to believe that we are going to be forever relegated to an average 10 day range of 8-12 points.

However, with the introduction of the new TCF Trailblazer setup we will still be able to squeeze maximum points out of the daily ranges with tighter stops too.

Today's Call & Briefing:
Let's be a bit more cautious today and let the correct side of the market to be on reveal itself according to the criteria listed in the Headline Call and the High Five readings.

We will be more prepared to stand aside today if necessary based on the type of clarity we get from the opening action and the subsequent High Five readings.

Lower action (which appears could occur based on the lower Globex overnight session) on and after the opening could only feed the confidence of the already over loaded Bears on the sell side.

This would most likely cause a strong rally to occur off such a lower opening so don't be too anxious to join the sell side until we get some confirmation and clarity. That may take up to 2 hours or more into the session.

IT IS ALWAYS BETTER TO WAIT FOR CLARITY AND GET A REALLY GOOD TRADE ON RATHER THAN GETTING ALL JUMPY WITH THAT FEELING THAT YOU "HAVE TO TRADE" JUST BECAUSE THE MARKET IS OPEN. Try to learn to dissolve that feeling when it shows up due to nervous anxiety or especially if you had a prior losing day. "Revenge trading" is a common trading anxiety symptom and will usually just cause more losses. The hardest/easiest thing to do when you feel that way is to take the trading day off and re-set the neuro/logical system.

TCF TRADE SETUPS TO WATCH FOR TODAY: Following the Headline Call criteria we want to stay on the appropriate side with Trailblazer TCF setups.

For Hour One Setups we want to look to Buy the BreakDown on a lower move and early lower drop UNLESS the market goes into a Bear Ugly mode. Follow the criteria in the TCF Traders Handbook to learn about Buying BreakDowns.

We can continue to sell the BreakOut IF that is the first Hour One pivot hit and has bearish High Five characteristics like on Tuesday.

No Buy/Sell pivots will be recommended today although they may, as always, end up being good Buy/Sell points depending on the live circumstances of the markets.

Value Area: 1,131.40 - 1,134.60
Watch this area for support and resistance. Trade holding below 1131.40 is confirming the Sell Mode we are currently in without an aberration.

However, we are carefully watching for the Sell Mode to go into aberration by trading and holding above 1142.00-45.00 area. First push above 1138.80 and holding higher is a sign of oncoming aberration with confirmation on strong High Five and trade above 1142.00.

Buy Pivot Target: 1,129.50 - 1,130.50
No trade at this pivot today.

Watch -4.25 stop/pivot for support at 1125.25.

Trade that blows through this to the downside and reflex rallies back to 1128.50 AFTER THE FIRST HOUR is a short with corresponding High Five.

Sell Pivot Target: 1,136.50 - 1,135.50
No Trade at this pivot today. Watch +4.25 (1140.75) to hold back the buying.

10 Day "Pit Bull" Moving Average: 1,138.40
We are in a "Sell Rallies" mentality up to this price. We are currently in a CROSSOVER ALERT so we should be on the lookout for this price to hold back the buying or engage in the Crossover which could push prices up to test the aberration levels on the SEll MODE at 1142.-45.00 as mentioned above.

Pro Trader's Action
The exact side of the market that will be favored today is not clear like Tuesday. We need to follow the opening and first 30 minutes of trading criteria as expressed in the Headline Call in order to get a better feel for what that bias will be.

Keep studying these Trailblazer setups. Just re-read the information we have offered, watch the movements in real time setting up your charts as expressed on the recent ASK MOHAN offerings and paper trade the ideas until they sink in.

Don't be in any big hurry to trade these live but just get used to recognizing the setups. Over time, just like with our other setups, the Trailblazer TCF setup will become second nature.

Good luck in your trading today and make sure and HAVE FUN while you trade. This is not such a serious business but more of a high speed, high risk SPORT. It is for people who have a lot of money that they are not overly concerned about losing or adding gains too. We are Blue collar workers that are trying to earn a "paycheck" everyday but to do that you have to have a very CAREFREE attitude towards the markets and S&P500 trading. We are using proven methods that have a high Win/loss ratio...but losses are part of this business everyday.

If you have the idea in your mind that, "you work hard for your money and this is super serious and that losses are a big deal that keep me awake at night"...then this business is NOT for you. There are many other more conservative ways to deal with money but here at the Morning Call we are in the FASTEST GAME IN TOWN.

Please read our affirmations to get a better understanding of the attitude required. These affirmations are THE FIRST THING I HAD POSTED ON MY SITE BEFORE STARTING THESE BRIEFINGS.

Traders should consider these affirmations MORE IMPORTANT than any methodology. Methodology is SECOND compared to these affirmations and the attitude that is REQUIRED to be a succesful trader.

I'll see you in the action. Mohan