[Lightninglive_com]

I hope everyone is building personal wealth and financial success. I sure am making financially sound decisions with the mentorship of successful investors who use the best resources on websites like this one. Mastering all the beneficial information available, along with setting a realistic goal, investment plan, risk/reward ratios, has been challenging on my end. And should your objective be the same as mine in developing good mental, emotional, and psychological habits are as crucial as patience and discipline and can only be accomplished with the proper attitude. And if the proper attitude is not correctly maintained, it can cause one to lose one of the most important resources of all—time. With only 24 hours in a day, once the minute, hour, or day is gone it can not be replenished. Choosing how, why, and when we manage our money with today’s efficient markets is important. Profit opportunities are eliminated almost instantaneously and timing is essential to ensure a profit while avoiding a loss. So by sharing our thoughts in a team effort maybe we can spend more time winning and enjoying the things most important in our lives.

My main word this week has been "Caution". Since the VIX Index looks ready to soar. And here is a chart maybe that will help spread the word.

Best Wishes to Everyone,
Burt Whitley

[Lightninglive_com]

Here is the SPY 4 hour chart. Support to me looks to be above 147.50. But with the VIX poised to soar, this could turn into a driver downward.

[Lightninglive_com]

For DIA 134.00 is key support area.

[Lightninglive_com]

For COMP it closed basically a little above support. Sorry I can't post any more charts. But if you would like to see any charts, any time frame I will be glad to email them, when I get a chance. Being disabled I have to trade and etc. when I am not in pain. So I love it when the Lightning Strikes system is showing a positional trade to take and then I go rest in bed, while making money. If I won't making money I would be so, so depressed. Good luck to all and to all good day.

[Lightninglive_com]

I was editing when I had an emergency with one of my dogs. She needed some medical and loving attention from a previous spinal cord injury. And since helping her I have been hurting myself from my problems.

I have 3 charts I hope to share (DIA, SPY, and COMP) and would like some insight on your thoughts. But can only do 2 so I will post the first 2 now and last later. I have 6 time frames for each one. A 5min, 15min, 1hr, 2hr, 4hr, and daily. You should be able to enlarge 200-500%. I added an expert advisor so you can see how Lightning Strikes gets in and out of trade sooner than expert.

Best Wishes,
Burt Whitley

[Lightninglive_com]

Here is the SPY chart.


Best Wishes,
Burt Whitley

[jose]

Lightninglive_com said:

I have 3 charts I hope to share (DIA, SPY, and COMP) and would like some insight on your thoughts.

My thoughts are that any chart with more than two or three indicators may lead to confusion. Put ten of these on each of multiple charts without any labels of any kind, and confusion is not exactly the word that comes to mind.

Burt, please tell us more about your $5000 trading system.


jose '-)

[Lightninglive_com]

Hello jose. Yes I understand why this massive number of indicators look even confused themselves. But honestly that is the beauty of them (the system) working, perfectly. When the indicators are confused looking, so is the market. When they are signalling trades so is the market. They each work independant but as a team and not one is more important than the other. Even the green horizontal lines equal the current support or resistance. And as the market changes they will also.

These video links below are from the Lightning Strikes University. If you watch them first you will understand more of what I tell you next about the charts.

http://www.lightning...files/frame.htm

http://www.lightning...nt%20Trade.html

http://www.lightning...ver/Driver.html

Ok using the SPDR:1 5min chart. Real-time there were 3 or more indicators hitting horizontal line.
At the top of that candles wick was resistance. And when that high was reached every indicator was touching the horizontal line. THE TRADE is after touching line when the candle closed, three or more indicators crossed yellow brick road and closed down. This was a more advance trade, for several reasons in using the full power of system, than what is being taught on website. They train to trade mainly on 15 min chart. If you notice the 15 min chart there was 3 indicators that hit top. On 1hr there were 5 hitting top (both short-term, both med-term, and 1 long term.) And with the other 2 long term indicators being spread apart from each other I knew price would (consolidate)fall so long term indicators can become closer with each other. And while all that happened on the 4hr chart Lightning Strikes (white) hit the top at same time as the rest.

One more thing. Notice how yellow brick road indicator was on the bottom of 15min, 1hr, 2hr, and 4hr charts at beginning of day on 22. And how on each chart all indicators crossed yellow at about same time. And notice where yellow brick road ended on each chart. If you follow the yellow brick road you will follow the trend.

And if you are even more confused now than before just watch a few live training sessions. They should also be posting recorded live sessions.

What do people in here mainly trade? I trade the forex market. But wanted to show how system works on anything.

Best Wishes, Burt Whitley

[Lightninglive_com]

Here is 10-24-07 chart of DIA. I am sorry that I can only post about 2 charts. So I will post only the DIA, unless I get requests to post something else.

[Lightninglive_com]

Here is 10-25-07 DIA chart.

[Richard Dale]

Your system, at $5000, isn't cheap.

Do you have any results of backtesting your system? eg. max drawdown, expectancy, win/loss ratio etc.

Which markets have you tested against?

What time frames do you trade in?

Can you produce audited trading results of your system?

[Lightninglive_com]

Here is DIA 10-26-07



Hello Richard,
$5,000 is alot to some people. I do understand that. But it is an investment to decrease those losing trades too many people make and increase the winning ones. You know the losing trade you make put the stop on and it takes out your stop then goes the way you thought it was going to go. I have been there and was not fun to see my money decrease. And when I was trying not to be greedy take my profit way too soon. And by the way, when they get the system where it is automated with expert advisors, back-testing, etc. it will cost $5,000 more.

I don't understand why people put any value on backtesting, max drawdown, and like. The past is gone and it is not coming back. I have put up charts this week and they show when to get in and out. As far as I know they do not have anything for past results. They are working on that so you will be able to do those explorations. But you can join any of the live sessions and ask anybody anything you like. And even see it working live.

As for markets, it works on everything tradeable. If you are a long term investor and/or intra-day trader. It works on any time frame. And just for fun on Sunday I will load some weekly charts on differant markets. Personally I like using the 1min, 5min, 15min, and hour for intra-day trading. For long term trading I use 2hr, 4hr, 8hr, daily, and weekly.

As for results I have my personal accounts. And they are growing in value. And you can ask any of the others in the training rooms. And they are doing live trades in the room. I go in them just to talk and trade. I am hoping they do some kind of a chat room so folks can talk anytime. Maybe in the future they will.

Oh and one more thing when I day trade I get in get out and I am done for the day. I can only sit and stand for about 4hrs. the pain is too much any more than that. But if I don't see a trade setting up I won't trade. I get the ones like on the 5min chart from 12:05 - 2:20 then I am done. But for those who can go 24/7, this is the tool to do it with.

[jose]

Lightninglive_com, on Oct 20 2007, 06:53 PM, said:

My main word this week has been "Caution". Since the VIX Index looks ready to soar.

This "Caution" would have been useful indeed, if only it had come before Friday's major market drop, rather than afterwards. ;)

Lightninglive_com said:

So I love it when the Lightning Strikes system is showing a positional trade to take and then I go rest in bed, while making money.

So, Burt, do you keep your trades going overnight?

Lightninglive_com said:

Oh and one more thing when I day trade I get in get out and I am done for the day.

So, Burt, do you close your trades overnight?

Lightninglive_com said:

$5,000 is alot to some people.
And by the way, when they get the system where it is automated with expert advisors, back-testing, etc. it will cost $5,000 more.

Would current clients need to spend another $5000, if/when an Expert Advisor with mechanical signals is added to your system?

Lightninglive_com said:

Mastering all the beneficial information available, along with setting a realistic goal, investment plan, risk/reward ratios, has been challenging on my end.

Burt, how do you measure past risk?

Lightninglive_com said:

I don't understand why people put any value on backtesting, max drawdown, and like.

Yes, measuring past drawdowns for future risk expectancy just seems too tedious - better to forget about risk altogether, specially in the fx markets, eh? :)

Lightninglive_com said:

I trade the forex market

Burt, do you have any fx charts you'd like to share with us?
How long have you been a currency trader?


jose '-)

[Lightninglive_com]

Hello again Jose,

You seem to be challenging me to a duel to discredit what I am saying. I don't like them because they really are a waste of time and energy. Both are very precious to me and if I am correct in your intentions then I will not respond to you in the future. If I am wrong then I apologize. Before you ask me anything else go in the LS training room and see Lightning Strikes Live. And here are a few weekly charts that just might entice you. I am not perfect but below are some post on yahoo. That might show you how good my timing and risk/reward ratio are doing.

I am a long term, short term, and intra-day investor. I own Stocks, ETF's, Mutual Funds, Bonds, and trade Fx market. I have been an investor since I was 24. And have traded the FX market for about 3 years now.

Yes if they wanted to get the upgrade. Because that is alot of work. Because the indicators are always changing they even change in the past. So what once was a signal minutes, hours, days or weeks later it not anymore. And that is why he is having trouble.

I believe before anyone trades or invest they should learn the fundamental information needed to set goals, investments plans, risk/reward ratios. And not to take trades because someone on some message board said to trade a certain way. And is why I have started this board and posting charts.

Here is an example of my measured risk. On 10-15-07 I traded the GBP/JPY at 10:00 am est sold short 5 lots filled at 240.42 with a stop at 240.75. After it went below 240.00 I put my stop at 240.40 and laid down for a while. I checked on it later that evening. When I woke up about 130 am I check again and went into Lightning Strikes training room. They were watching and trading it. At 1 the Ruby Red had hit top and so I took another 5 lots trade short and then closed both 5 lots at 237.25. Entered 5 lots long at 237.15 with a stop at 236.90. closed that trade at 238.50. And called it quits for that day. For that week on just GBP/JPY I made $100,000+.

As for backtesting and the like. I don't need to and don't. I think it is a waste of time. That is my opinion. I do understand why some people like to. I don't understand why people base solely on such because the past is gone and the present is not the future. Now what I want is for the system to be able to search for present trades.

Those words of caution by me were recorded in the Lightning Strikes room on 10-11-07. And here are some post of mine on yahoo message boards. My user name is rbw1226 if you want to read them or more. So just because I won't here don't mean I did not say before hand. Ok? OK? Ok?

Billion get out of that short on VIX (1 Rating) 14-Oct-07 10:47 pm As soon as possible. That thing is going up and closing up next week. The market should close down to form handle on cup n handle formation.

Re: Before the Fall (Not rated) 22-Feb-07 03:34 am Thanks for the wonderful reading. I just hope all the bulls won't starve before they become slaughtered like pigs. Both are very delicious. And the bears will be feasting on the both for at least 12 years. By the way for 12 years the Chinese calender is the PIG.

Re: The Admiral said load QID=smart$$ (Not rated) 19-Feb-07 06:14 am Just the same I think it would be wise to wait on buying until close on Tues. But under 50 would be a good entry.

THE MARKET IS GOING DOWN (2 Ratings) 12-Feb-07 11:25 am Within 1-10 days I do believe we will be seeing the market falling, falling, and falling. To the shoulders edge it is and nothing can stop this bear from sleeping for 13 long years. But as Cramer says there is always a bull market somewhere. So pick your penny stocks carefully and I wish all the best and best blessing. And I do like GTW as a turn around stock.

Cramer spanks a GTW triple bottom (8 Ratings) 6-Nov-06 06:44 am And he surely may be buying all he can to the 1.54 support level. Only to later say he was wrong with a slap on his hand, which holds the profits so it won't hurt.
I would believe and bet on Bear Stearns, which upgraded GTW on 8-24-06 to PEER PERFORM (trendline was broken), before Cramer. And by the way the week of 8-24-06 and 7-31-06 had increased weekly volume 3-5 times normal. That is the big money and should be respected by all.
So for this triple bottom buying between 1.54-1.64, that should soon go quickly to the 2.10 resistance, I believe is a very good fair market price. And when the price reaches the upper 50 bar bollinger band I will be wondering who bails out and who stays in. Because if the 2.10 resisitance is broken then up, up, and away would be my motto. But for right now watch for maybe the inverted hammer candlestick on a daily or weekly chart.
And in closing my thought of the day is,
IF YOU DWELL ON THE PAST THAT IS WHERE YOU WILL BE LEFT!

Re: big short position is getting killed (1 Rating) 19-Jul-06 07:42 am I think COT has reached a line in the sand, just as the market overall has. My question is, Will the shorts cover along with other buyers buying? I said 15.94 was top and now I say Buy, Buy, Buy

The shorts better stay away, for may. (Not rated) 20-Apr-06 03:00 pm (for Cot and market)

[jose]

Lightninglive_com said:

You seem to be challenging me to a duel to discredit what I am saying.

Burt, no personal challenge intended - my only challenge to you is to follow outlandish statements with real and verifiable facts.
If you come straight into our community pushing a $5,000 non-mechanical (i.e. subjective) and incomplete trading system, the least you can expect is some straight questions.
And I really don't have the time to follow up on your posts elsewhere, nor do I have the patience to follow a convoluted video explanation of a 10-color set of indicators and their subjective permutations.

Lightninglive_com said:

Yes if they wanted to get the upgrade. Because that is alot of work. Because the indicators are always changing they even change in the past. So what once was a signal minutes, hours, days or weeks later it not anymore. And that is why he is having trouble.

Oh dear... shifting indicators and signals - no wonder backtesting is not a component of this system.
The problem here is, how do you expect potential clients to trust the system's signals, if there is no way to measure their past performance?

Lightninglive_com said:

For that week on just GBP/JPY I made $100,000+.

Incredible.
Makes me wonder why anyone would bother selling such a great trading system. Why not start a hedge fund with it?


jose '-)

[Lightninglive_com]

You have the time to for questions and statements to call the system incomplete. And said "This "Caution" would have been useful indeed, if only it had come before Friday's major market drop, rather than afterwards." It did come before just not here. But you don't have the time to verify my statements on posts on yahoo. Well if you read the ones I posted here I just hit copy and paste. So you verified them in my opinion. Or at least should since you made that statement "with real and verifiable facts". Or is the truth too much for you to handle? But there is a way to measure past performance and thet is from the trades. Great idea about the hedge fund if you buy the system you can start one. And since you don't have the time or desire to check out the system I don't have the time to respond to you any more, and that is a fact. A verifiable fact, indeed.

[Lightninglive_com]

Oh yes Jose, Jose. I see your plot. It is called MetastockTools.com. So do you have time for a challenge. Your best system against mine? I will open a demo account and post the beginning balance with account # and the ending results. We can start out with the same amount and go for 30 days. We of course would set some ground rules.

[jose]

Lightninglive_com said:

Your best system against mine?

Your system changes its trade signals in retrospect - no real trading system could ever beat that "strategy".
Hmmm... thanks but no thanks - not interested. I don't sell trading systems anyway.

Good luck with your endeavors - I hope those "$100,000+" weeks keep rolling in for you.


j '-)

[StorkBite]

Dear Burt,

Thanks for sharing your lightning live system with us all. You have given us a lot of information to consider and I appreciate your participation. However, there comes a point in any conversation when it is time to move on to something else, so let's do that now. Jose and I both wish you the very best.

Please direct all future inquiries about the lightning live system directly to Burt at www.lightninglive.com.