MASTERING THE TRADE PROVEN TECHNIQUES FOR PROFITING FROM INTRADAY AND SWING TRADING SETUPS JOHN F. CARTER McGraw-Hill New York Chicao Sap Franeikco Lisbon London Madi Mexico City Milan New Delhi San Juan Seo ‘Singapore Syaney TorontoACKNOWLEDGMENTS Writing and trading have a lot in common in that they are essentially solitary professions that are made much more enjoyable by anyone who is willing to lend a helping hand. In regards to this project, I would like to first thank Hubert Senters and Priyanka Rajpal for holding down the fort while 1 was “working on the nightmare.” Also thanks to your contributions to this project, which helped to keep me sane toward the end when things were getting crazy, Although the book deadline was firm, July Soybeans were moving and I couldn’ just ignore them. Thanks to Kira McCaffrey Brecht, Gail Osten, and everyone at SFO Magazine for help- ing me to realize that writing about trading could be a worthwhile thing to do. Larry Connors and Eddie Kwong at Trading Markets for advice along the way and for keeping me on track with this original project, snaking sure I didn’t spend a lot of wasted time reinventing the wheel. Kelli Christiansen at McGraw-Hill for initially contacting me about this project and turning it from idea into reality, and to Executive Editor Stephen Isaacs at MeGraw Hill forhelping to keep this, project on track. 1 thought I could rest easy once I completed the first draft, but little did I know that the real work was about to begin. Thanks to Bill Shug, Tim Sambrano, Pamela Snelting, and Don Allen for reading early drafts and providing feedback. Also thanks to the staff at McGraw- Hill, who performed the herculean task of bringing this book to life: Scott Kurtz, Editing ‘Supervisor; Maureen Harper, Production Supervisor, Roberta Mantus, copy editor, and Erie Lowenkron, proofreader. Thanks also to Mark Douglas for insightful feedback in the Tater stages of the project. For help with my trading and trading related projects along the way, I'd like to thank Marcia Wieder, goddess of Maui, for kicking things off in regard to my leaving corporate America and trading full time. Scott Sether, who was truly in this from the beginning, for helping to redefine the term “market research.” Tracy Alderman, Rosa Hernandez, and Michael Duwe, for helping to get things kicked off. Page Rossiter, for keeping me on track during the transition, Skip Klohn, as an early mentor in the process. Eric Corkhill ... where do I start? Thanks for acting as a consultant on a multitude of topics, and thanks for giving me enough red wine so that I only remembered the good stuff the next morning. ‘Thanks to Barbara Schmidt-Bailey and Jetf Campbell at the Chicago Board of ‘Trade, and Marty Doyle at One Chicago for good ideas and great feedback along the way. John Conolly, for a multitude of solid insights into the business, To the gang at Mirus, for continued support. “To the gang at Newport, for clarifying what not to do and how not to do it, Cooper Bates, for keeping me on track on the meaning of it all. Steve Patrow and Becky Herman, for keeping things entertaining while 1 was in the beginning stages of this journey. Of course, it makes sense to thank family members where appropriate. Thanks to my mom, Francie Cobb, for supporting me while I “did my thing” along the way, even if it was some- times scary to watch. Thanks to my step-father, Lance Cobb, for being a father and introducing viivill ACKNOWLEDGMENTS ‘me to the world of financial markets at an ewly age. To my brother, Jason Carter, for being a great sibling. I's nice to have another person in the world who understands. Maria Carter, my wife, for her unflinching support in the face of it all, and also for becoming passionate about the Home Decorating Channel while her husband played “catch up on the book” over the weekends. Next time I swear we'll ust go to Hawaii, I'm pretty sure I can write and drink Mai Tais at the same time, ‘Thanks also to the memory of my father, Bill Carter, who was taken away too soon, but in so doing passed along valuable lessons to his kids. And to the memory of Joanne Wolfram, a good friend, who reminds us all to live life while you have the chance.