Hello and good evening! Trader Jim here. . .

Thanks for spending your time with me and your fellow GBE Course Members this evening!

The Foods have been on fire the last couple of weeks! The big mover, of course, has been Sugar! But Coffee has also made a nice run and Orange Juice is beating the bears to a pulp! (LOL)

And another HUGE mover of late has been October Lean Hogs. Wow! It's gone hog wild to the downside! And to top it off we had entries triggered in Corn recently too.

I also should mention that for the most part just about all of the markets mentioned above were (or are) featured in my nightly Premium Alert Service™ (PAS) videos.

Just a reminder that the summer time is very often the slowest time of the year for trading opportunities because so many traders are on vacation etc. Thus, it's our job as traders to trade what we see and not what we think! In other words, try to find the best opportunities available. Other wise, we should sit on our hands and wait for setups to materialize.

I encourage you to freely share any of your recent paper trading or real money market endeavors. Discussing your trading experiences lets others know they are not alone in this business, and it's a great way for everyone to learn from one another.

Discussing your market experiences lets others know they are not alone in this business. So please feel free to share your excitement, enthusiasm, and dedication. It provides others hope and optimism of what's to come.

I'd like send a big "Thank You" to Ken Roberts. Ken started introducing folks to the Greatest Business on Earth™ over 20 years ago. I was fortunate enough to not only be a student of Ken's, but I also had the great pleasure to work for him for 12+ years. I'm happy to be able to share with you what I've learned over the years.

As we begin this evening's session, remember the reason these monthly chats are conducted is to provide you the opportunity to ask questions and to pick the brain of a 20+ year student of the markets.

It's not the best use of our limited time here together for me to define basic terms and explain introductory principles taught in your Course materials. Please contact one of our Course Counselors if you need assistance with any of the introductory principles. They can be reached at 541-955-2885. This chat is the time for you to use me to help you apply the basics you're learning and to prepare you for what to expect once you're out in the market itself (either paper trading or with real money). And if we have some fun and laughter along those lines, so much the better.

NOTE!!! When commenting on one of the GBE strategies or US Charts, please identify WHICH STRATEGY AND/OR MARKET you used. Also, when relating trading experiences and/or results, please provide details: Futures contracts, options, option strike prices, options AND futures, real money or paper trading, and contract month etc. This really helps your fellow Course Members follow along and learn from your experiences.

From time-to-time you may notice that I'll use a bit of "chat short-hand." If you see LOL for example, it means Laughing Out Loud. Or TS which means Trend Seeker. These are the two most prominent bits of short hand you'll see me use.

Hi yogi! It's listed on many markets but not for very long. Remember, the markets will switch to the eveing session rather quickly. To see the "S" be sure to move over to the "Pit" prices. That said, I'll double-check with our progammers to see if there's something else going on.

Thanks for joining me tonight. 

Not at all, wallo220. Shor selling is completly legal in the commodity markets --  and encouraged! It's part of the beauty of this business.

Good question and thanks for stopping by tonight.

It surely is, michael buford! In fact, it's easy to use and can many times get you in right at the begining of a major trend!

I'm also working on adding a different approach to the Strong 1. . . and may add it to a DVD.

Anyway, use it to your hearts content!

Tonight we are doing things a bit differently. During this evening's chat I will integrate the use of a really neat educational software platform. This software will allow you to see my desktop, hear my voice, and watch as I provide tips and insights, and it all be in real time!

First, be sure to stay logged into this chat because we'll be switching back and forth between chat rooms.

Next, to follow along with me in our new room you'll need to open another browser window and type the following link into your browser:

http://dimdim.uschartco.com

When you arrive at the above page click the "Join Room" button. Then type: GBECHAT in the Room Name box. You can also enter your "chat name" in the appropriate box.

Then click the Join button and you'll enter the room.

I'm going to answer the next question via our new audio chat software. Please follow the instructions that were just posted and join me in the other room. 

Well folks as often happens during a live show, we are having technical difficulties with the new software. I guess it doesn't matter how many times you test the software, things can still go wrong. 

So for now, we'll resume the chat right here.

Yep, don't! It's the worst thing you can do. Let the market come to you, never force a trade. Other wise you'll be the one left holding the bad so to speak.

Keep your order where you originally placed it. If it doesn't get filled, move on to the next opportunity.

OK, folks we're going to give the other chat software another try.

So, if you'd be so kind and follow the instructions that were posted a few minutes ago, it would be much appreciated.

You'll want to go to: dimdim.uschartco.com

Well the other chat software crash again. We are going to try it one more time. I appreciate your patience. We'll get this right, but right now something technical is not being our friend this evening.

99.9% of the time that's the case swifty! The correct math is vitally important to get "on your side." If you don't, you're always fighting an up hill battle.

By the way, 2:1 is the minimum risk/reward ratio. I prefer a higher one whenever possible.

Well folks, we think we've figured out the buy in the other voice chat software. So we're working to get it fixed. Once we do, we'll try to restart it.

Only when the trend has changed,  LJ from Oswego. Remember, the trend is your friend until it ends!

Folks that have been shorting this market the last couple weeks are hurting big time. However, those that are long are doing great!

Once a formation developes and Trend Seeker says the trend is down, that's when I'll look to take a position to the downside.

Third time a charm?

We're going to give the other chat software another try.

So, if you'd be so kind and follow the instructions that were posted a few minutes ago, it would be much appreciated.

You'll want to go to: dimdim.uschartco.com

Sweet! Way to go esmith! Thanks for sharing your trades with us. Folks, just goes to show you that fellow Course Members are out there doing it!

Folks, the other chat software is now working perfectly on our side. So if you're having trouble logging into the audio chat, please start over with the login instructions posted below.

Tonight we are doing things a bit differently. During this evening's chat I will integrate the use of a really neat educational software platform. This software will allow you to see my desktop, hear my voice, and watch as I provide tips and insights, and it all be in real time!

First, be sure to stay logged into this chat because we'll be switching back and forth between chat rooms.

Next, to follow along with me in our new room you'll need to open another browser window and type the following link into your browser:

http://dimdim.uschartco.com

When you arrive at the above page click the "Join Room" button. Then type: GBECHAT in the Room Name box. You can also enter your "chat name" in the appropriate box.

Then click the Join button and you'll enter the room.

Hey raftrdude! Currently the one long-term approach I teach is encompassed in the Grain Report. Other wise, my approach is more what I like to consider "position trading." We are typically in trades from 1 day (which is rare) to 60+ days.

Thanks for your question.

I typically don't watch or listen to the news so I'm not totally up to speed on this. But from what I do know that a lot of what they are chatting about is in regards to the big firms that trade those markets. In other words, it's not the "little" guy.

Anyway, I don't worry about these things. They are out of my control. I'd rather put my time in studying charts!

You can still participate floridajeff. No charge. Just go on over to the other room. I'll begin there again in a moment.

For those still having trouble. Refresh your browser, or reload it altogether. Or try an alternate browser.

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Well that's it for this month. I want to thank each of you for investing your time with me tonight. I also want to thank you for your patience with the new chat software. I think it's a great tool and next month we'll look to record the audio chat and have that archived you you as well.

Keep in mind, that you're not alone in your trading journey. US Charts Online, myself, and our wonderful Course Counselors (541-955-2885) are here to help you become the best you can be. On that note, be sure to check out my weekly video training lessons at: US Charts Online. This is a fantastic teaching tool and free to all GBE Members and US Chart Online subscribers!

Finally, make sure you have a plan prior to entering any trade and use stops to protect your trading capital. As a trader your capital is THE most valuable asset you have!

Between chats please stay in touch with me via both my blog and Twitter. You can read my blog by clicking here. And you can follow my Twitter posts (a.k.a. tweets) by clicking here.

Plan your trade and trade your plan!

My next chat will be on Tuesday, September 15, 2009. God Bless and I look forward to seeing you then!