therumpledone

Using WWW.Prophet.net to Profit as of MARCH 31, 2005
================================================== ===

Ok.. this is going to look simple because IT IS SIMPLE.

If you are the type who asks "If it is so simple then why isn't everybody doing it" then just quit reading right now.

If you want to get rich, keep reading.

1) Log onto the internet and bring up www.prophet.net.

2) Then register for free.

3) click on Analyze, then click on Java Charts

4) in the lower left hand corner click on DETACH CHART. Maximize the chart window.


5) then clear the check in Log Scale and check Color Bars

6) top middle of screen, click tools, studies, apply studies

7) use the pull down menu on Select studies and click on RSI, Wilder

8) change the bar period to 2 and click on ADD

9) now select Lin.Regr Ch,100% and click on ADD

10) click on SAVE at the top, then enter DAILY, then click OK and click close.. you have saved your parameters.

11) Now enter a symbol and click go.. the chart for your stock should appear

12) to the right of GO, use the pull down menu and select candle, in the next pull down menu select 3 MON, and in the last one select D

13) click on tools, watch list, add symbol to list. You just added your stock to your watch list

14) add as many stocks as you like. On the left side of the page just above My Studies is your watch list. Click on the + and your stock list will appear.

15) at the bottom of the window you see << < > >>... if you click on > then the chart will change to the next stock in the list. This will allow you to look at your charts quickly. It should take you less that 5 seconds to decide if you should buy/wait, sell/hold a stock.


PART II - ADDED 8/18/2003 SAVING CHART STYLES

You can save 2 styles (more if you pay) by:

1) Click on TOOLS

2) Click on Chart Styles

3) Click on Save Styles

4) Enter a Name for your chart and check include study set

5) Click ok

I saved a 3 Month/Day style and a 1 year/Week style so I can toggle back and forth with 1 click.

Now I can see if the two charts are in agreement with each other.


Ok.. how do you get rich?

If you see the RSI(2) chart line at the bottom.. buy the stock... Look at the previous 3 lows for the stock you are charting. If the current RSI is lower than at least one of them, I would seriously consider buying the stock. If it is at its lowest.. JUMP IN!

On the top chart if you see the price bar near, on or through the lower Linear Regression line.... I would seriously consider buying the stock especially if RSI(2) is LOW.

When to sell? You place a stop loss and move the stop loss as the stock moves up and get stopped out with a profit. I can't tell you how much to risk, that is up to you. Some are happy with 2%. Some aren't happy with 10% gains. You must decide for yourself. Look at the chart. It should tell you. If the price is near the upper linear regression line or RSI is peaking at 99%.. SELL... DON'T BE GREEDY.


That's it. It is that simple.


TAKE ALL YOU CAN... GIVE NONE BACK!

MAY THE TRADES BE WITH YOU.


PART III - ADDED 03/31/2005 10 DAY/60 MIN CHART.

I have found that the 10 day/60 min chart is a gold mine for daytrading and for picking swing trade entries.

After you have selected stocks for consideration, display them on the 10d/60min chart. If RSI(2) < 1 it is time to get ready to LOAD THE BOAT. Your entry price will be the closing price of the last RED candle. As you can see, entering at this point on a stock that has bottomed and is bouncing always pays off. Sometimes a little, sometimes a lot. You have to be prepared to exit at all times.

The only bummer is, you can only save 2 chart styles... but you can have more than one prophet.net account.. HINT HINT!



DISCLAIMER

We are not liable for any investment decisions by the reader. The information offered is not to be construed as an offer to buy or sell any securities. All information obtained is from sources deemed to be reliable but is not guaranteed. Information for the stock observations was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the stock observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

We are not brokers. NO advice is given or implied. This information is for educational purposes ONLY. Nothing should be considered a recommendation to buy or sell any stock or security. We strongly recommend that you consult with a professional broker or financial planner before you buy or sell any stock or security. We believe the information in this publication to be true but assume no responsibility for any incorrect information. This is not a solicitation to buy or sell any security. The author may at times hold positions in any of the stocks mentioned in this document. Investing in securities carries a high degree of risk and you can lose all of your investment money. Past performances do not guarantee future results. Please consult with your own independent tax, business and financial advisors with respect to any investment, including any contemplated investment in any company mentioned. All information contained in this publication must be independently investigated for accuracy. We will NOT be responsible for the consequences of anyone acting on this purely educational material.


The information in this report is provided on {as is basis}. The information represents general buy and sell alerts and is not intended to provide specific investment advice to any Individual or group. We do not warrant the accuracy, completeness, timeliness, or reliability of the information contained herein. The materials and information in and provided by this report include facts, views, opinions, and alerts of individuals and organizations deemed of interest. We and its affiliates and agents do not endorse these views, opinions, alerts or recommendations, give specific investment advice, or advocate the purchase or sale of any security or investment. In no event will we and our agents and affiliates be liable to you or anyone else for any decision made or action taken by you in reliance on news and information contained herein or distributed from this report. We and our agents and affiliates shall not be liable to you or anyone else for any loss or injury resulting directly or indirectly from the use of this. We do not guarantee that trading methods or systems presented in its services will result in profits or losses. Past results are not necessarily indicative of future performance.

Day trading has large potential rewards as well as risks involved. Day trading may not be suitable for all users. You assume the entire cost and risk of any type of trading you choose to undertake.

Readers are advised that the report is issued solely for information purposes and is not constructed as an offer to sell or the solicitation of an offer to buy. The opinions and analyses included herein are based from sources believed to be reliable and in good faith but no representation or warranty, expressed or implied is made as to their accuracy, completeness or correctness. Readers are urged to consult with their own independent financial advisers with respect to any investment. All information contained in this report should be independently verified with the companies mentioned.