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River Trading Technology

A Special Message from Glenn Neely

For most traders, trading is a 3-step process:

1. Decide what you think is going to happen (i.e. forecast)

2. Enter the market

3. Manage the position with stops and objectives

After pursuing that 3-step process (Forecasting, Entering, Managing) for 20 years, 5 years ago I began to question its validity.

Why? Even though my forecasting abilities (over the prior 20 years) had improved several orders of magnitude, improvements in my trading were only incremental.

That perplexed me for two decades and was extremely frustrating. How could my forecasting improve so much and my trading so little...what was I missing?

It dawned on me that each step of that 3-pronged process (Forecasting, Entering, Managing) was plagued with problems.

First, even if you are good at forecasting, you probably won't be right more than about 50% of the time.

Second, even if you are right about your forecast, your entry may not be ideal.

If your entry was great, your stop may have been too close or you exited too soon.
If you give each step of this process a 50% rate of success (probably too high), by the time you reach the end you will achieve (at best) a 12.5% success rate.

Is there any wonder why trading is so difficult for most traders?

Near the edge of a market is where turbulent, unpredictable behaviour occurs. On the other hand, price moves fast and directional in the middle of the river.

Markets are choppy, violent, and have non-directional action near the perimeter of the price action and smooth, orderly and fast movement in the center of a price action.

By understanding the behaviour of the various traders in a market and determining "who's in control " Neely River Theory" allows you to:

1. Determine the "flow" of the market's price action

2. And so know

a. When and Where it is safe to enter

b. Where to place stops

c. When the market will consolidate

d. When the market will accelerate

e. When it is time to raise stops

f. When to exit your positions and Take Profit.

You can learn more about:

1. Eliott Wave

2. NEo Wave - modern Elliott Wave and

3. River Trading Technology in my trip to Sydney September 2008

Click here for details>>

Glenn Neely

Glenn Neely

Warning and Disclaimer: Issued by ADEST Trading P/L, ABN 88 083 033 612.

This is general information not prepared for your specific investment objectives, financial situation or needs. Consult a licenced investment adviser before making investment decisions. Past performance is no guarantee of future performance. There is a risk of loss in trading as well as potential for profit. The opinions and methods you will hear today are from Jake Bernstein. The site is based on past historic data and is about methods and education. Jake Bernstein is a private trader and has much experience in trading. You will be taught his theories and opinions on trading methods. In no way is this intended as financial advice or an invitation to trade. Jake Bernstein is a not a Licensed Financial Services Licensee and therefore does not give investment Advice. He is teaching you his trading methods and that is all. You understand that you have to do your own research once you have learned these methods on your own markets. Jake Bernstein and ADEST make no guarantee about how you will perform using these methods. Jake Bernstein is not licensed to give advice or cause you to deal in a financial product in Australia. Please do not ask him to do so. He will keep to his methods. There will be a Licensed Financial Adviser at the Seminar with whom you can consult with about trading decisions. Do not ask Jake Bernstein for his current or future market opinion or anything to do with your own circumstances.

This seminar does not take into account your individual investment objectives, financial situation or specific needs. Before making an investment or trading decision based on any methodology, the investor or trader, should decide with or without professional Advice whether trading meets your investment objective and suits you psychologically, emotionally and financially. Trading & investing in any instrument ie shares, CFDs, foreign exchange, futures, commodities, have a risk of loss that if left open by market closure or lack of proper protective stop losses could result in a loss of all of your capital or more. Traders and investors are responsible for their own decisions and outcomes. Jake Bernstein is teaching you some methods based on what he sees as good for trading. Trading in any market financial or otherwise is a highly risky exercise and is not suitable for all people. Trading may not suit you. By attending this seminar you accept responsibility for your own trading outcomes and agree to research and test any trading method you learn at the seminar before making any trading decisions or committing risk capital to the market.

IT IS YOUR DECISION TO TRADE. THESE MATERIALS ARE FOR EDUCATIONAL PURPOSES and not an invitation to trade. You also agree to read the Product Disclosure Statements issued by your advisor, broker or market maker before trading and consult them as to the appropriateness of trading for you. You also indemnify ADEST. Jake Bernstein and their agents from any losses or consequential damage you may incur from using these methods. You will be asked to sign and indicate you understand & accept this Warning .