Wednesday, April 26, 2006

40 - Thirty Six Day Winning Streak By Larry Jacobs

An extract of an article from Traders World Magazine issue #40

Thirty Six Day Winning Streak

By Larry Jacobs

Franz Shoar runs an online internet alert trading room through The alert room is for intraday trading of the S&P e-mini. I monitored the room several days and was very impressed. What brought me to his room was that I had heard that he had a 36-day winning streak. I wanted to know how he did it. That’s in the interview in this article.

In Addition to Traders International methodology, Franz uses several different technical tools to give him his signals to trade with. One of the signals is called HP which stands for High Probability trades. It is an indicator of fear and greed, an intraday pivotal signal in the channel for scalping. Another one he uses is his master piece indicator called the Bulls Eye. The Bulls Eye was the talk of the alert room. I was amazed on how good it actually worked. If you look at the chart #2 below, you can see the green circle, which is the buying Bull’s Eye at the bottom of the chart and the red one is the selling Bulls Eye at the top. Franz seems to get around 5-10 of these signals per day. I watched and saw Franz take trades with these signals several times during every day.

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