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74

The reactions in which we are interested are such that I think of them as "p ause£ The market moves sideways for-awhile.

, There are small congestions even in the strongest trends, as the market takes a breather. These "congestions" may be only two or three bars on the chart. Are these small sideways moves counted as a part of the 85%? I dont know the answer to that one. But I suspect that Yioever decided to count congestion areas must have included these reactions and corrections to be within the 85%.

CHAPTER 2

Trading from a Ledge

My family started making money in the futures markets over 100 years ago. As far as I know, t am the last of my family line who still actively trades futures.

I have many trading secrets and techniques. Some have been developed painfully over the years.

This manual contains one of those amazing techniques that is over 100 years old. It has been a part of the trading heritage I have received, and one that virtually anyone can use. Al! that is really needed is a newspaper or other source of yesterdays high and low prices.

1 call this technique "Trading from a Ledge," it is a scalping technique that you can do from home or your place of employment.

Its great for times when you want to trade and are away from home. As long as you have the high and low prices, and are near a telephone so that you can cal! your broker, you can use this technique.

Ive been told that markets are in congestion 85% of the time. Is that true? Yes and no!

I believe it is true that markets are in congestion 85% of the time, but they are not necessarily extended-length sideways congestions. Many times the congestion consists of minor corrections and reactions. It js one type of these minor reactions that are what make up ledges, and this is what gives us the ability to scalp the market without the need for daytrading.



Trading By Tlie Boole - Part V

8568

8520 8488

8448 8400

83SB 8329

8280

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8160

Figure 1 shows the December Canadian dollar. Could it be said that it was in congestion 85% of the time?



9291

9252 9213 9174 9135

9096 V

9857 9818 8979 8948

Figure 2 shows the Decennber Eurodollar. The Eurodollar was relatively flat most of the year; yet, could it be said that it was in congestion 85% of the time?



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