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How was the Seminar at Sea?
Thanks for asking. We had a outstandingly great time. It far exceeded my expectations both the Panama Canal and the Seminar. I learned quite a bit about the Panama Canal that I did not know. Seminar attendees, I hope, learned quite a bit about the "Trading Process" and Technical Analysis that they did not know. We had 4 terrific classroom days and 2 partial days. Over 36 hours of nothing but talking trading and how to do it successfully. I received great feedback and lots of positive comments. I will be spending the next several weeks converting the recorded sessions into a DVD which I plan to make available to everyone. for a fee, of course. Last Issue: I talked about a fire sale for the RAMP program. I just want to thanks everyone that responded and bought the program. I hope that everyone signed up for Andy's free newsletter. Especially, if you purchased the program as that is the only way you know when a new release is available. In the last few days Andy has released a new version that has a big improvement to the BOB charts. He has added support/resistance lines that make it a snap to identify the best support/resistance. In the near future we should be seeing a new version of the RAMP program with improvements to the "Pullback" scan based partly on my specifications that Andy and I discussed. Pullbacks area very important part of our trading strategy and these changes will allow us to be very specific in the type of pullback we are looking to find. So stay tuned! If you haven't tried RAMP you should as it is an excellent Pattern Scanning software and it is priced at only $149 regular price is $350. Only Andy knows when or if he will close out the sale and revert back to the $350 price. Click this link to access the product home page. http://www.ramp-member-area.com/amember/go.php?r=136 from there you can Download Ramp Free Trial I know you are probably wondering what is a BOB chart and what does it tell you. For that it is best to visit the link above. However, here is a BOB chart of the stock discussed below. Andy has created a video that explained the new features far better than I could.
BFAM filled the OCT 07 gap
and broke out of a 4 month consolidation:
Several things I like about this chart 1. Has finally filled the OCT 07 gap 2. Has broken out of a 4 month consolidation 3. OBV is moving up rapidly last few days 4. Stochastic just crossed and still more left in them 5. Volume last few days has big increase, show buyers just back in While there are a lot of things to like about this stock, one has to be cautious because the stock is entering an area where it has never been before. The biggest unknown is we have no idea how far it may run if it breaks the ATH. The $50 area will always offer resistance but once it is clear you usually see a nice run up $58 is possible long-term which would be a 25% profit. The problem with this potential trade is the Reward to Risk(RR) to the first target. That is why I would use this as a learning experience of a "breakout to All Time High". Even using a tighter stop of 45.31 only gets a 1.2 RR.
 As
always, one should do their own due diligence and use caution when
executing any trade. Just because it may fit one person's
style does not mean it fits your style. Summary:
The information in these newsletters are but a small fraction of what was discussed on "Seminar at Sea". Perhaps, next seminar you can consider joining us. Please feel free to send an email to kermitp@tradingourway.com with your suggestions. Thank You and good trading, Kermit Prather |
