HOMEWORK 4-27-2007

I know I promised to follow up on 3 bar equilibrium today but we have to take advantage of this current market configuration (pivot) as it is occurring. I believe due to the psychology of primacy and recently provides you with the best learning experience so from time to time I will postpone a lesson/s if you will be better served.

For those who responded to the homework assignment. You can see how price at this time has bounced up off the pivot test as if scripted by L.C.M.

HOMEWORK

1. Now, this bounce up off the pivot could have been anticipated because…

A. The test bar closed on lower volume

B. The test bar also formed a bear pivot on lower volume

C. The bear pivot formed by yesterday’s close needed to be tested

D. There was an intraday pivot, (1hr & 30min) bounce up above the green pivot test line on the chart I sent you last night.

E. All of the above

2. The green line on your chart represented…

A. Support line for today’s trading
B. Resistance line for today’s trading

WHY?

3. When a down bar closes below the low of the prior bar on lower volume, we should expect the next bar to…

A. Either stop or slow the down move
B. Continue the down move

WHY?

4. The yellow line on your chart represented…

A. Resistance line for today’s trading
B. Support line for today’s trading

WHY?

I know it seems like a lot but you’ve got the whole weekend. I don’t expect a response until Monday. But, I will respond before Monday if I get your answers before Monday.

P.S. ANSWERING THE OTHER QUESTIONS FIRST WILL HELP YOU WITH QUESTION 1.

When we are young majic is all we believe, till we are conned by those who deceive, then what we know is all we can see, blowing majic away like wind and leaves.

By what we know we're tossed to and fro, who to turn to, which way to go?when we remember that we are all child-ren, then once again we find a friend.

If we can forget what we 're taught to know, the face of revelation again will show. Ideas unknown we now can get, things forgotten we unforget.

Childish heart swallowed by consuming debt, too hard to believe because we fret, all that we believe is all we can get. And when the circle becomes complete, we find the child they tried to beat.

When faced with the choice, to just survive or truly live we remember that MAJIC IS ALL THERE REALLY IS...

Jerry

TRADING MAJIC

MAY YOU BE LED BY THE MOST HIGH AND HAVE A BLESSED WEEKEND.
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POP QUIZ

Pop quiz

THE EURO/DOLLAR FELL TO DAY BECAUSE

A. The pivot bar formed on lower volume
B. Yesterday’s bar closed below the high of the pivot bar on higher volume
C. Pivot point has not been tested
D. Price bounced off three bar equilibrium
E. All of the above

Study guide:

1. Counter-trend targets – page 7, L.C.M.

2. 3 bar equilibrium PAGE (18, 19, 20 RECENT BOOK UP DATE). STUDY ATTACHED CHART – supplied with the recent update (bar 4).

Once we are familiar with the information on 3 bar equilibrium (3 bar for shorthand) which has already been provided, that will be our focus, to fill in the gaps, errors and/or omissions in the material provided.

When you turn in your homework I will know where you are and the direction I need to take with future instruction. If you do not turn in your homework, congratulations, you have made me very proud because you have graduated and are out there making loads of cash. That means, L.C.M. is working just as advertised and I have another satisfied customer.

REMEMBER: INVEST YOUR TIME BEFORE YOU INVEST YOUR MONEY.

Cheers, Jerry
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EURODOLLAR 4-26 2007

Have a look at our updated reference chart I've provided today. Do you see anything about today's action that does not fit in with your basic L.C.M. PIVOT AND VOLUME RULES? If not I'd like to hear from you.

But be advised that I will answer you by referring you to the material already supplied to you in the book, in your book updates, and in our current lesson series.

Then, after reviewing that information, tell me SPECIFICALLY what it is about the point you do not understand. In light of the volume of information you have been provided, a simple, Hey Jerry, I don't understand pivots just does not wash. Tell me specifically what it is about the information about pivots/volume you have been provided that you don't understand.

I know my writing skills leave something to be desired but in any given lesson there are going to be things you do understand about it and things you don't understand about it. Give me a book page number, or update page number, or lesson number. Something...

I'm so busy I no longer have the time to do the research for you.

Sincerely, Jerry

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PIVOT LESSON 3-A

Pivot lesson 3-A has been delivered to your mailbox. If you did not recieve it let me know.

Jerry
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PIVOT LESSON 4 -DELAYED

I know you wer expecting pivot lesson 4 today but I'm sorry I've had to delay it until tomorrow night.

I made a mistake. This is what I said in my post earlier today.

"Well, that red line just happens to be daily support in the form of 3 bar equilibrium. I know I haven't gotten to deeply yet into 3 bar in our reference chart series but it's coming this week I promise. "

We'll... I got a flood of questions on 3 bar equlibrium today. Most of you have got me pegged pretty good by now and despite my bluffing you already know that I'm going to answer your questions when you write me.

So, today's answers have left me no time to put together pivot lesson 4 that I had scheduled for today. 3 bar involves a rather in depth and illustrated explanation so it's a wrap for today. I'm exhausted.
I guess it's my fault though, for even putting that little seed in your head.

But If you must send me questions before the time I asked for, I beg of you to at least contain your questions to the particular lesson and not on furture lessons that I have already promised. However, if you cannot I will never refuse to answer your questions.

But please understand that the more complex elements are what I'm doing this series for and I can only answer so many questions in a day that take me 1 hour to explain and respond to before I run out of day. That causes me to fall behind, which only engenders more questions and the wheels of information start spinning to a stop.

So, I've rescheduled pivot lesson 4 for tomorrow night and this means the lesson I had scheduled for Friday will have to be put off until Monday.

But questions about lessons already covered are good because it helps everyone for me to know if I've forgotten something, made an error or left something unclear. That way I can make the necessary corrections for presentation to you in the next lesson.

Thanks, Jerry

Eurodollar 4hr- 4-20 and 4-24-2007

I want you to see something because it relates to the lesson I sent you last night on outside bar reversals. I'm not ready to get into intraday trading L.C.M. with you yet but I want you to see that the same techniques that apply to the longer time frames also apply to intraday. Go down and refresh yourself with Friday's post Eurodollar update 4-20-2007 4hr and copare it to today's 4hr chart.

See how the 4hr today is responding to the outside bar setup and has reversed up off the red line I drew.

Well, that red line just happens to be daily support in the form of 3 bar equilibrium. I know I haven't gotten to deeply yet into 3 bar in our reference chart series but it's coming this week I promise.

I sometimes want you to see how things develop in real time and at times intraday is the only way to do that. Since the action is in line with what we are currently talking about in our lesson (outside bars) I thought you should see it.

The main thing I want you to remember is how it illustrates what I told you about basing your intraday trades off daily or longer support and resistance levels. So, look at Friday's chart that I posted and compare it to the chart I've presented today. Then compare it to the lesson I sent you last night.

Notice how it is very similar to pivot 6 on our reference chart which by coincidence happens to be the focus of our next lesson.

Nothing is absolute, everything is probability.

Jerry
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PIVOT LESSON 3-OUTSIDE BARS

Hello

Pivot lesson 3 - Outside bars has been sent to your mailbox. If you did not recieve it let me know.

Thanks, Jerry
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