The next WTSUG meeting will be held on Wednesday, June 6, 2012 from 7:00pm to 8:30pm at Potomac Library of Montgomery County, 10101 Glenolden Drive, Potomac, MD 20854.

JUNE 6 TOPICS:

7:00pm – 7:15pm          Introductions and Opening

The group will give brief introductions to the group for any new attendees. Time will be made available for dealing with membership dues and any other minor administration items, but not to exceed 15 minutes in total.

7:00pm – 7:15pm          Rocket Science Made Easy w/ Mel Dickover

In this session we will use a Digital Signal Process (Ehlers) Market Model to explain the following trading issues:

•       The essential nature of the market, how to recognize when its nature changes, and how to trade it accordingly

•       When not to trade, and why

•       When to use what indicators, and why

•       What parameters to use in those indicators, and why

•       How to make indicators predictive, not lagging

•       Why whipsaws happen, and how to avoid them

•       Where patterns come from, the conditions that make patterns fail or succeed, and how to recognize them

•       Why using multiple time frames works sometimes and not others, and how to use them so that they always improve your odds

Then, we will show setups to trade the model.