Let's Talk Trading (tm) with Ken Roberts
from April 4, 2006

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As we begin this evening’s session, let me state the reason I conduct these monthly chats: to provide you the opportunity to ask questions and pick the brain of a successful, long-time, real-money trader. It’s not the highest and best use of our limited time here together for me to define basic terms and explain introductory principles taught in your Course materials. That’s what my Course Counselors are here for... Now 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 along those lines, so much better. Alright... I’ve got a Cuban Cohiba Robusto fired up, we're all sharing a great big chocolate Birthday Cake for Krista tonight, the coffee’s poured, so let’s talk commodities! NOTE!!! When commenting on one of my Courses, please identify WHICH ONE. Also, when relating trading experiences and/or results, please give details: Futures contracts, options, options AND futures, etc. This helps others follow along and learn from your experience too.

Ripley asks:
From Ripley, PA Hello Ken.... Just wanted to say hi and sincere thanks for answering my questions last month. Got the 50% dvd and studying hard! Also in the process of setting up with GCT - Ben and Bruce are fantastic. And started with TOVI this week - just getting to grips with it. It's great to be back with ya! Thanks again Ripley
at 6:10:50 PM
I don't know whether to believe it or not, Ripley . . . . (Just kidding . . . .) Glad you're back on board, studying, and getting started again. Onward & Upward!
WILLBEFREE asks:
Ken, since the options market has become very large, is there a web site that shows the open interest of options. Will U.S. Charts offer this information some day?
at 6:12:36 PM
Yes, WILLBEFREE, TOVI (www.ToviOnline.com) shows all up-to-date Open Interest on options (And TOVI analyzes ALL options --- over 15,000 every day now, and growing!)
Abel asks:
Hello, Mr. Ken Roberts, When is the best time to liquidate an aption?
at 6:15:08 PM
Well, the very BEST time, Abel, is when it's worth a million dollars or more . . . ! Other than that, though, liquidate it when your trading PLAN dictates!
Keith asks:
Hi Ken & All, Thanks for a great UTS course on the 25th. I learned a lot and really enjoyed hearing you speak. Thanks again, Keith
at 6:19:11 PM
And Krista and I thank YOU too, Keith. In fact, we just now received your package and kind letter. Thank you! Glad you enjoyed last week's UTS Workshop --- we loved it too! (Hey everyone: Don't miss the UTS Course --- it's the best!)

Thanks again Keith, and that you, too, for our new word: acomodador!!! Onward & Upward!
Ultimate Technique for Success
Roy asks:
Roy, Garberville, CA: Ken, Thanks for your seminar on your favorite market. I just wanted to let you know that I shorted the Euroyen after Tovi changed to a strong downtrend and now I'm going to wait it out with you. As you always say "Onward and Upward" or in this case downward.
at 6:24:22 PM
Good goin', Roy! As you know, I've waited years for the Euroyen to begin its drop like this . . . ! (Hey everyone: The Euroyen is STILL my favorite market now --- take a look at that chart! And then apply the Hi-Lo Breakout Strategy . . . .)
watchman8 asks:
Hi Ken, just been paper trading for a month now and LOVE it!!! Made a few mistakes and took a few loses, but overall up about $3,300!! I know what they say "if it sounds too good to be true...", but could it REALLY be this easy?!! Just follow instructions, learn to be patient and wait on the market/chart to develope...!! Wow is all I can say, thanks for introducing me to the WGB, looking forward to trading with real money!...watchman8
at 6:25:54 PM
You're on exactly the right track, watchman8!!! But realize that it's not ALWAYS this easy. You'll learn what I mean as you paper trade, paper trade, paper trade. Keep us posted please! Thanks.
bogaloosa asks:
when you say it is best to enter an option trade with an expiration date at least 90 DAYS out, is that calender days or trading days?
at 6:27:41 PM
That's calendar days, bogaloosa. And generally, an option's lifespan is listed as DTE (Days Till Expiration).
uncle fudd asks:
Hello Ken; Thank you for all you do here and all the wisdom that comes out of here. I found that if I am really picky on my trading that yes I make fewer trades, but the losing trades are incredibly few. I did find that if im Sick and make trades i'm most likely to have losses. Hope this help someone out there. Thanks again
at 6:28:51 PM
Great observations, uncle fudd! Yes, I KNOW your experiences will help others too. Thank you on behalf of everyone who reads this!
John from Mich. asks:
Hi Ken & Everyone involved with the chat tonight! Glad to b here . Happy B-Day Krista hopefully many more to come! Me & my girl really enjoyed that MillionDollar Cake recipe. None to take home in a doggy bag my relatives all enjoyed it Thanks Much.
at 6:29:57 PM
Thank you John! (Yes, isn't that Million Dollar Cake terrific?!) Krista says "Thanks John!". (She's growing up so fast . . . .)
juniegirl asks:
I've been listening to Dr. Hawkins' Enlightnement CD's this week. WOW! Thanks for Four Star Books, my favorite bookstore.
at 6:32:19 PM
Yes, Juniegirl --- I told you so!!! Krista and I listen to Dr. Hawkins' CDs every night as we go to sleep (and how different we feel upon waking in the morning)! And when I post the next announcement, Four Star Books will REALLY be your favorite . . . !
Click on THIS!

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GERALD asks:
GERALD...FROM S.CAROLINA...KEN I RECENTLY PURCHASE THE 50% RETRACEMENT DVD AND MY QUESTION IS ONCE YOU HAVE DETERMINE THE 50% RETRACEMENT OF ANY GIVEN MARKET, WHAT STRATEGIES ARE USED TO ENTER THESE MARKETS?
at 6:39:36 PM
The 50% Retracement Rule is not an ENTRY strategy, Gerald. Try any of those entry strategies posted at www.KenRoberts.com Member Center: the 1-2-3 Top/Bottom --- the Hi-Lo Breakout Strategy --- the Strong 1. Then you can apply the 50% Retracement Rule as a liquidation and/or EXIT strategy.
bigG asks:
I have been watching the metals, but didn't buy silver when I should have. Now that it has been flying, I am hesitant because it seems like it will stop soon. What are your thoughts about a market already moving like this?
at 6:41:00 PM
It's tough to jump aboard a moving bus, bigG! You can also work with the strategy in the ACTT Course for entering an already-moving market. (You've learned a valuable lesson, bigG!)
Advanced Commodity Trading Techniques
KenF asks:
KenF from PA - Just finished the 50% Retracement DVD and really learned a lot. The 50% retracement approach is a long-term strategy so even though the 50% retracement rule may say a market is eventually going to go up, for short-term trading in a declining market we should follow TOVI - Is that correct??
at 6:45:48 PM
That's correct, KenF!
tree man asks:
Ken, Silver is on a tear, 22 yr. highs, rumors of a silver Exchange Traded Fund (ETF), industry demand and mining shortfalls adding to the hype. In your opinion what do you see for silver futures for the coming year? (12 Months)
at 6:46:17 PM
Just look at silver's Monthly chart, tree man . . . .
D.L. asks:
Medicine Hat,Alberta,Canada.Hi Jim and Ken, Just wondered if you have always known that it is not about money or if that came later in your education.
at 6:47:46 PM
It came later, D.L., but I think everyone's different (some people realize this very early in their lives).
Puckstopper asks:
Brampton, Ontario, Canada. Hi Ken and Team. Received your 50% retracement DVD. It's great. Do you consider calculating 50% retracements on monthly, weekly and daily charts an "art" as well? I'm having a difficult time deciding whether the largest move (highest and lowest point on chart) or the last major move should be used in calculating the 50% retracement. What is the definition of a "major move" ? Thanks.
at 6:49:00 PM
Use BOTH, Puckstopper! Then you'll have a short-term goal AND a long-term goal. As long as you're using actual chart points to calculate your 50% Retracements, they will be true!
50% Retracement Video
dynamo asks:
hello ken !!!!! I'm still all fired up from the UTS course. Thank you cannot express how I feel. Thanks for sharing + caring. Also what you do for the historic trees is an insperation. I cannot recomend highly enough for all to experience this course. Keep on keeping on!!
at 6:50:43 PM
Thanks dynamo! I agree!
rdwilcox asks:
What's the UTS course?
at 6:51:28 PM
Why Your Dreams aren't coming true...
contrarian asks:
Ken, Kindest regards for the book "A Rich Man's Secret". Yes, that's us with all the kids in Santa Claus hats. We were out Christmas caroling. I don't generally ask a lot of questions as I am pretty sure of myself and how the markets work. I also don't tend to pay attention to volume and open interest. However, on markets such as the Mexican Peso and CRB Index, I'm scared to trade them as the charts are sometime spotty and there doesn't seem to be much interest. If there is no interest or volume on the CRB Index, I assume the market has no liquidity. I also am stumped as to how the chart has any markings at all if no one is trading it. Am I wrong? Any thoughts on the subject? Thanks for your time. P.S. Arizona has beautiful weather this time of year.
at 6:54:42 PM
Thanks contrarian. Someone IS trading it, but you're right: there's very low Open Interest and Volume (thus, the "spotty" price movement).
Secrets of the Stars
trwtrader asks:
Ken, Corn is really tough to get a handle on. Are you still long? Thanks.
at 6:56:08 PM
We were stopped out of Corn at its low of about two weeks ago, trwtrader.
josepig asks:
Made first trade Monday.needed to let all know. after a year of paper trads. very nervous hope its normal.
at 6:57:01 PM
Nervous is normal, josepig! But as Vernon Howard always said, "Proceed while being afraid"! Congratulations, and keep us posted!
docdirt asks:
Hey Ken, Tried out your 1$ offer and in my first month as full boat. Site is Great.
at 6:57:22 PM
Thanks, docdirt! Welcome aboard!
sirlarry from s. florida asks:
Loved the tour of Grants Pass on the new 50% video. I can’t wait to visit. Thanks to the U.T.S course and Four Star Books This is the first time since 1998 I don’t feel anxious about getting into a market. I am finally learning to paper trade. I have made gains, lost most of my real money, stopped, started and stopped to many times. So as a spiritual exercise, I decided not to enter a market with real $$ this year, so that I can truly learn what I am doing. I now know that I won’t be missing anything! I hope all new traders learn from this. The more time you spend on paper will save you a lot of Real paper
at 6:58:24 PM
Great advice and lessons, sirlarry! Couldn't have said it better myself. Congratulations!
CHIEF asks:
Hi Ken...I cant believe you just said thet about Dr Hawkins. The Highest Level Of Enlightenment is powerful. I try to fall asleep listening to the full 6 CD's several times a week. The message is absolutely facinating. I am energized....As you have always said, "use your power for good"!
at 6:59:41 PM
How, Chief! Thanks for joining us this evening!
joetiii asks:
What is the most difficult emotion you've had to control in your trading career... fear or greed?
at 7:01:19 PM
Great question, joetiii! Both are there, but I'd say greed is the larger of the two . . . .
underdog asks:
I heard this bozo on the radio the oder day saying that it takes alot of money to make money in futures. Talk about bad journalism. Oh yeah, he apparently feels that you can only make money when prices are going hire. This guy is even on tv! One day I'll compare my account to his stock account and see how much of an expert he really is. Keep up your great mission!
at 7:04:01 PM
Thanks underdog! Yes, stay on that and keep us posted. I remember in 1998 I called in to Bob Brinker's national radio show and he told me that I'd never live to see $800 gold again. And now with gold's recent rallying, I'm looking forward to phoning up ole Bob Brinker again and saying "Hello Bob. This is Ken Roberts and I'm still alive . . . . Oh, by the way, did you happen to check the price of gold today?" As the old song says, "That'll be the day!"
Jim from Kalamazoo, MI asks:
I haven't been in commodities for a year. What advice do you have about how to get back into trading?
at 7:05:36 PM
Grab a set of charts, start marking it up with 50% Retracement levels, and then update those prices every day. That'll get you going! And keep us posted on your progress, Jim!
bowhunter1 asks:
Hi Ken, just wanted to drop a line from here in Minnesota. I sent you a note last week to give you a big thanks for for starting Grand Central Trading. I liquidated a Jun06 T-bond with a 112 strike price for a nice $1500 gain last Thursday and just want you to know that J.B. and his team are the greatest! Keep up the inspiring and motivating work!
at 7:06:57 PM
Thanks bowhunter1, and congratulations! (Yes, I agree: J.B. and his team ARE the greatest!)
Les asks:
Ken I just started with you back in February. I completed my first real trade with real money. Bought 30 year T bond (put) and profited nearly $2300.00--I love this game--Also ordered your 50% retracement program---verrrrrrrry entertaining and information-packed Thanks, Les
at 7:07:54 PM
Thanks Les! (Tell me: Is less more?)
Glory Be asks:
Hi Ken I'm paper trading on the WGB course. I find it quite easy to enter a trade but what am I looking for when I utilize monthly and weekly charts to determine exits from a trade ? And if I'm on the loosing side how do I determine when to throw in the towel? Glory Be
at 7:09:21 PM
Hello Glory Be, and welcome aboard! Use any of the several EXIT strategies I list in the Trading Strategies in the Member Center of www.KenRoberts.com. Also consider using 50% Retracement levels as exit points. Stay in touch!
thomas/dynamo asks:
Ken and Co. thank you for sharing so much of yourself in the UTS course!!! I'm still on fire and on track, you have helped focus and intensify my drive. I highly recomend all who can to experience this. Aiso thank you for your work with historic trees. Sending you,krista and the rest of your family many blessings. Thomas Leblanc
at 7:09:51 PM
Thank YOU Thomas!
Tom asks:
Hi Ken, Tom in TN. WGB member. Thank you for all the helpful information you and your crew provide.
at 7:10:11 PM
It's our pleasure and privilege, Tom!
katet asks:
Hello Ken and crew. Hope all is well. My question is when you make your initial plan for an option trade and you set your stop loss exit price from the current active daily futures chart and then sometime later the active daily futures month changes, do you then re do your stop loss exit point from the new chart? I hope this is clear and thank you for your time.
at 7:11:08 PM
Yes, katet: "Re-set" your stop-loss exit point based upon the NEW Active Futures Month. Good question. Thanks!
Coachie asks:
Ken = I'm new to options trading and the commodities market. I paper traded for 4 months, became comfortable with making paper trades, opened an account and made my first real trade. I bought the July/2006 135 OJ call at 350 and am still in it as it hit 1385. My question, at what point does time value start to erode the value of the option?
at 7:13:00 PM
Rapid time decay can occur at any time, but especially during the final 30 days of an options' lifespan. (TOVI will alert you when any option is experiencing too-rapid time decay by turning that option RED. See www.ToviOnline.com)
tom asks:
Hi Ken, love your on-line course. I like trading the 1-2-3 formations. They seem to work really well. Even corn had a 1-2-3 bottom so I went long but then it turned around only to turn back up. I like your idea of being patient and waiting it out...thanks...tom NJ
at 7:13:22 PM
Patience pays, doesn't it, Tom?! Thanks!
Smokey asks:
Ken, I love this business! Just started (retired school Principal) and I identified a 1-2-3 top of the Canadian Dollar, so I bought 1 put with a .8300 strike for $610. But I have'nt seen any comments by you about the Canadian Dollar. What does your research show?
at 7:15:06 PM
Yes, Smokey! And then look at that 50% Retracement on the Canadian Dollar's Weekly and Monthly charts too . . . ! Good eye! You weren't tardy on this one, Smokey!
JJ asks:
Hi Ken, I have been trading stocks for the past 5 years. I use advanced technical analysis for my trades. Lately, I find myself, almost, burned out on it. How much of a change would this be for me to make (going to commodities)? Thanx, JJ
at 7:20:16 PM
Not much of a change at all, JJ. But I'll tell you this: I'll bet you'll LOVE commodities! Let us know . . . .
rktech asks:
Hiya Ken and gang! Ken, are you familiar with the film "What the Bleep Do We Know!?" A great little movie about our perception of reality... how we look at why things happen the way they do. Thought you might find it interesting...
at 7:21:21 PM
Oh yes, rktech: We know that movie well (and love it too)! Hey everyone: It's one of my Ken's Great Movie Giveaway titles! Get one!
Movies!
chakaville asks:
University Park, IL Should it or is it, our ultimate goal to gain a good understanding of options trading to become more proficient at futures trading?
at 7:28:31 PM
Hello chakaville. When I first began trading futures contracts in 1983, there were no options! Then they were introduced slowly until today, the options market continues to grow exponentially! Some traders trade only futures contracts, but I feel it's highly beneficial to learn how options work because they can offer even the small trader advantages that large traders with a lot of cash backing them up enjoy. So, yes: I recommend learning how options work! Thanks!
Texas liz asks:
Hi ken.My friend just introduced me to your course,I have never done anything like this before , what would you recommend for a first timer or what advice would you give ? How much do you suggest I should open the trading acount with ?
at 7:31:56 PM
Hello, and welcome, Texas liz! Just follow the steps I lay out in the Member Center of www.KenRoberts.com. Take it slowly --- at YOUR pace --- and paper trade. There's no rush --- the markets will always be here when you're ready! Stay in touch . . . .
Jean Luc asks:
Ken, I purchased your 50% Retracement course and it's great, but, what is close enough for a 50% Retracement?
at 7:33:33 PM
Hello Jean Luc! Either the price hits the 50% Retracement target or it doesn't! I wait until it hits it . . . .
tom asks:
Hi again Ken. When you pick a commodity three months out and check it daily should you check the current month or the actual month your trading to decide to liquidate or not?...thanks Tom...NJ
at 7:34:03 PM
I take all my trading cues from the Active Futures Month (even if I'm trading a farther-out contract).
timprunner asks:
Hi Ken thanks for all the info at the last trading camp also special thanks to Jim and Louie. I learned so much and am more prepared to use this course advantageously. I was wondering after a commodity has busted through the 12 month hi or low and it has been a week or two and is still following the trend, do we wait for it to form a triangle or penant and break out again or just trade it on the movement it is in presently ie: gold has surpassed 12 month hi a few weeks ago and is not stopping. wait for another formation or trade as is?
at 7:34:58 PM
Hello again, timprunner! I just stay on board and trail a silent stop.
fred from SD asks:
Hi Ken and all; Fred from SD ; I just checked the EUR/YEN and I say there it looks like it broke out to the upside not the down side; I don't think a short would be proper for this market at this time. I would say buy it. What do you say Ken? Oh I am glad I can take this in without smelling one your stinky cigars.
at 7:38:39 PM
I don't smoke stinky cigars, fred! (Fine cigars do NOT stink --- and if you don't believe me, just ask Krista!) You're not looking at the Euroyen, fred: You're looking the Forex market charts (which is the Eurocurrency against the Japanese Yen). Hey! What are you doing looking at a website other than www.uschartco.com???!!!
Randolph Duke asks:
All I can say is Thank You Ken & Company. My futures trades have gone from zero $0 profits on March 2 to $486,284 (before commissions). I'm in 18 Markets, 10 contracts in each market. $285,000 in margin. 60% in a month! And my only tools are U.S.Charts and Tovi Trend Tracker. I haven't spent more than 10 hours in a month managing my trades. I haven't even pyramided contracts yet. That's amazing! I've been a KRC student since '98 and have never had these kind of results. I have a big wooden sigh in my trading room that says, "STAY THE COURSE".
at 7:40:39 PM
Good one, Randolph Duke! Yes: "Stay the Course (and stay in touch)!" (How's Mortimer?)
pdh36 asks:
Ken, Why is buying a put option still considered a long position instead of short when entering on trade tracker while paper trading.
at 7:42:47 PM
Because you BOUGHT the put, just as you can BUY a call. You would be considered short if you SOLD a put (wrote a put option) and if you SOLD a call (wrote a call option). Confusing, isn't it?!
Goldie asks:
Hi Ken, Just calculated the short term and long term 50% for Silver's monthly chart (808.61 and 2151.34, respectively). I'm looking at Dec puts around the monthly short term 50%. Is it okay to use monthly strike prices if you can't afford a closer in option? Thanks for everything you do!
at 7:44:28 PM
Hello Goldie! Well I'd say paper trade it. In this case, you'd be paper trading deep-out-of-the-money options (which I love to do!). Keep us posted!
Hamid asks:
Hi Ken I enjoyed your 50 % DVD you explain euro yen and euro dollar. Could you please explain briefly euro Fx Thanks
at 7:45:53 PM
Euro Fx is the Eurocurrency market (which includes the major currencies in Europe). Euroyen and Eurodollars are interest rate contracts, not currency markets. Thanks Hamid!
Ninja asks:
Hi Ken, A 50% retracement question. Looking at July coffee the market fell then turned up to it's 50% level, headed lower again and is now turning up again. Where do you calculate the next 50% level,from the daily chart or do you look longer term and use the weekly chart? This is from Ft. Jones, Ca. Trade on!
at 7:47:18 PM
I'm looking at Coffee's MONTHLY 50% retracement now, Ninja (UP!!!) . . . .
John from Mich. asks:
Ken Me again , We recently just got the movie "Radical Jack" Hey everyone!!! This movies a Keeper . We Loved your Debut Ken Also Loved the 50% retracement video. Question When is your next movie coming out? Great chat tonight!
at 7:50:17 PM
Thanks John --- I appreciate that! (What a psychological exercise that movie was to make! I was terrified --- I felt like an imposted in amongst accomplished professionals . . . .) But I'd still like to do another one . . . . (Hey! Any movie producers online with us tonight?!) And RADICAL JACK's on my Great Movie Giveaway list too!
Bonita Joe asks:
Ken....is it raining in GP? I can relate to Uncle Fudd's remark about tradng when ill. I had a hip replacement in 2000 and was going LONG with futures in cotton (I was also long on morphine in the hospital at the same time!!!!). I lost a lot of money!!!! I know you were short and I should have been!!!!! That was the ONLY time I have done any trading when not up to par. I am also getting dizzy looking up at copper.... Thanks Ken and am looking for an excuse to come to GP again!! Bonita Joe
at 7:51:46 PM
Hello Joe! Yes, Uncle Fudd offered some great advice this evening, didn't he? It's been nice and sunny here mostly. We've been taking walks lately! Spring's here!
pistolpete asks:
Hi Ken: Great to be with you tonight. I was wondering: Do you still use the 50% points on the various charts as exit points. I know that's what you used to do in TWMPMM. I noticed that in WGB, you use points of support and resistance as your exit points. Is the 50% retracement still a valid exit point. Thanks for all you do. You're the best.
at 7:52:56 PM
Absolutely, pistolpete! I LOVE the 50% Retracement Rule!
contrarian asks:
Ken, I just read both books you recommended, 'Hot Commodities' and 'The Traders". Thanks so much.
at 7:54:43 PM
Great books, huh, contrarian?! You can also see Jim Rogers on FOX News Financial programs Saturday mornings (Krista watches these every week).
treepartner asks:
Late as usual. Hope everyone is well there. Looks like I'll be in Portland around May 13-17. Hope to drive down to Grants Pass if that's ok with you. Tell everyone "Hello"
at 7:55:34 PM
We'll be here, treepartner! Come on by!
CHIEF asks:
Hurricanes, Tsunamis the housing boom the housing bust. Droughts, OPEC freezing crops, tornados, the FED RATE, unempolyment, oversold..overbought, floods Mad cow...Happy cow, GDP, consumer confidence, fuel shortage, locust, hocus, pocus...If you want to trade the commodity markets start here, THE WORLDS MOST POWERFUL MONEY MANUAL...TWMPMM and THE WORLDS GREATEST BUSINESS...WGB and if you are SCARED of the markets THE ULTIMATE TECHNIQUE FOR SUCCESS...UTS, DR DAVID HAWKINS and FOUR STAR BOOKS for the RICH MAN SECRET THANK YOU KEN...
at 7:56:11 PM
Thank YOU, Chief!
Bonita Joe asks:
Ken - I had a new garage door put in yesterday and what do you know...... the installer trades commodities the Ken Robert's way!!!!!! Makes most of his $ trading.....I was lucky to get the door in as we talked all night!!!! Small world Ken! By the way....Gold is in a "Dead-cat-bounce" with B. Brinker....what a laugh! Bonita Joe
at 7:56:45 PM
Good ones, Joe! Yeah, can't wait to make that Bob Brinker call!
John from Mich. asks:
Ken , Not trying to bug you but My broker said that SILENT STOPS WERE ILLEAGLE Any comments Thank You
at 7:57:50 PM
And tell your broker that Ken Roberts says he's lazy (AND misleading)!
Steve asks:
Hi Ken - there's been a dramatic rise in sugar prices apparently due to ethanol-produced fuel production. Looking at the charts, we are now in unprecedented territory. Any advice?
at 7:59:25 PM
No, Steve: Sugar's been to 66 cents before!
fred from SD asks:
Ken; Do you think any of the currency markets follow any of the metals in particular? If so can you give us an example? Fred from SD. So you really believe that if you pay enough for a cigar it smells good. What is the most expensive cigar you have ever smoked?
at 8:05:01 PM
Fred, what's with you?! I didn't think there were any lefties in South Dakota!!! The most expensive cigar I ever smoked was priceless: It was one of Fidel Castro's PRIVATE collection, personally hand-rolled by the best grower/roller in Cuba --- Avelino Lara --- given as a gift to Nelson Mandela. One of my Course Members knew Mr. Mandela and asked him if he would "donate" three of these cigars (they're presented in hand-made boxes of 50 --- called a "bundle") for me! (No, I don't know of any currency/metals connection . . . .)
contrarian asks:
Ken, Forbes had an interesting article about the 10 most expensive houses in the country. There was a beautiful ranch for sale in California for about $55 million. It was owned by a Kenneth Roberts. Just curious if that's you.
at 8:06:06 PM
Yeah, we just got tired of that place and weren't visiting "the ranch" like we used to . . . .
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    watchman8 asks:
    Hi Ken, When trading a Hi-Lo breakout strategy, I find it difficult to "pin-point" an exit price, since after all it is making a new high/low. Any advice or particular strategy? Thanks, Daniel
    at 8:08:46 PM
    Yes, watchman8: In this case, you could have your broker trail a "silent" stop as price goes on to make new highs/lows.
    John from Mich. asks:
    Ken , My girlfriend just asked me if Billy Ray Cyrus is one of your course members? She Thanks YOU!
    at 8:09:41 PM
    No, I don't think so, John. (And it gives me an achy-breaky heart!)
    WILHEMAC asks:
    Ken,my son is a student @ Cal Poly/SLO-Ag Biz major. Their class in commmodity trading focused on trading by new events. My son paper traded by using this strategy and made a profit. However, your strategies seem not to support this strategy. What do you think?
    at 8:10:40 PM
    If it works for your son, I can't knock it. But for me, I don't consider fundamentals at all --- the chart knows all the fundamentals that apply and reflects them!
    Be sure to check in your Members Mailbox at www.KenRoberts.com often! With all the spam filtering and everyone being our policeman nowadays, I'm not getting half of the emails people send me. And I'm sure the same's true for you too. So I set up your own "inbox" so you can check in with me to see what I've sent you recently. This should help the situation . . . .

    Well that's it for another month. Check out my favorite web sites: www.ToviOnline.com ; www.uschartco.com ; www.FourStarBooks.com ; www.HistoricTrees.org ; www.BillOreilly.com ; www.WldlifeImages.org ; www.Salestax.org (Let's abolish the IRS!); www.LP.org (Take The World's Smallest Political Quiz and see where you stand!); www.VOTE.com (Make your voice heard!). My next chat will be Tuesday, May 2nd. As always: Use these newfound powers only for Good. Good night, God bless, and watch where you step!
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