Hello Malcolm;

Did you ever have your webinar with one week of training commencing on July 1.

If yes, how did it go?

A friend of mine, Lee Shinkle, emailed you about a week ago asking about Time & Sales.

He, (& I as well), trade the Russell 2000.

After reviewing, manny manny times, the video from the webinar that I attended,( and you graciously sent me a copy), it became apparent that Time & Sales is much more integral in your method of trading than originally broadcasted in your CD/DVD of a few years ago.

Lee and I discussed this and when we began looking at the T&S chart,(we both use Ninja Trader software as our trading platform); besides it moving so fast, (again remember we are trading the Russell 2000 which is very volitile), we could see the timestamps, prices, number of contracts, and color codes printing out line by line. We/I even filtered for a specific number of “blocks”, but, quite honestly, we/I could not really understand what patterns to look for as well as how to apply them.

You recommended, to Lee, a book by Marc Friedfertig & George West. He has ordered a copy; however, my question to you is, does this book help someone to learn how to specifically use Time & Sales as part of their trading regimen?

After reading Lee’s email questions to you, then reading your response, I thought that you might have misinterpreted what he was asking for.

I believe he was asking: from his observations of T & S data, what conclusions should he draw?

1. Does the number of data lines in succession, either on the Bid or Ask side, have any bearing?
A. If so, how many, in a row, are generally necessary to have any impact?

2. Does the number of contracts within each data line have any impact?
A. If so, is there a minimum quantity of contracts we should be looking for?

3. Could/would you reccommend the number of contracts to “Block/Filter”.

There are other questions, but I’ll stop here.

I realize that you trade the S&P 500 and not the Russell 2000, and that is where your familiarity lies, so, you can respond by referring to the S&P.

Thank you, in advance, for your response.

BTW, did you ever look into the “HotComm Room” by 1stWorks as I previously recommended to you, as a place to hold your webinars?

If you find that you are experiencing some success with these webinars, and you wanted to hold them on a more regular basis, and or you wanted to open up a room, which you could teach/train from, for a fee, while live in the market, HotComm rooms offers you that ability.

There’s an olde saying: “If you can identify a need, and you can fill/satisfy that need, then you have the ingredients for a successful business.”

Respectfully,

Stan Steinberg
954-899-5252
mail@cabmanage.com
cabmanage1@yahoo.com
Yahoo Instant Messenger I.D.: cabmanage1
Skype Name: cabmanage