The WTSUG meeting on Wednesday, June 27, 2007 was held from 7:00pm to 10:00pm at Potomac Libary of Montgomery County, 10101 Glenolden Drive, Potomac, MD 20854.

Agenda:

Cascading Time Frames Trading Strategy – One Set-Up, Multiple Trades, Multiple Profits
Guest Presenter: Jerry Furst

Multiple time frame analysis goes to the next level. This workshop will show you a strategy on how to participate in multiple trades that can automatically trigger price “cascades” across multiple time frames. Jerry will show you how to scan, set-up your triggers, determine your profit targets, stop losses, and manage your trades once triggered. This strategy will also help you with the difficult psychology of fear and greed by having clearly defined targets that must be adhered to. An example will be shown where price cascades across the 30-minute, four-hour, and daily charts leading to multiple profits.

Background information about Jerry Furst from his website:

“As Founder and President of Investors Education Network (IEN), Jerry Furst has been conducting and coordinating live training seminars and events for years and is now a frequent speaker at Traders Expos, FXstreet.com Webinars, and an author in well known trading publications and web sites. Jerry is a former Sr. Analyst/ Programmer with IBM and has been a paid consultant and trainer to Fortune 500 companies.

Jerry has been trading his own account since 1987 and primarily trades and invests with Forex currencies, stocks, and equity options for his own accounts. He has found that running a networking group for traders is extremely rewarding as he continues to learn from the experts in the industry and the traders in his group.

Mr. Furst is also a mentor and trading coach to select clients. Jerry can be reached at JerryB1st (at) ienweb (dot) com or visit http://www.investors-education-network.com/.

In addition, WTSUG member Suri Duddella will be on-hand after the presentation to say a few quick words about the availability of his new book Trade Chart Patterns Like The Pros (http://www.surinotes.com/) and will have a few copies on hand for sale. Also, be sure to check out Suri’s article in the June 2007 issue of Technical Analysis of Stocks and Commodities magazine (a short preview is available at http://www.traders.com/Documentation/FEEDbk_docs/Archive/062007/Abstracts_new/Duddella/duddella.html). Suri will be back at the July 18 meeting to present to the group in more detail.