Harry Figgie and ATO: A Goodman Weekly Chart Call
Michael Archer used Goodman Wave Theory on weekly charts to call ATO from 5 to 12, then wrote its CEO Harry Figgie. A story of stock picking and…
17 Oct 2024 · 4 min read
The blog
Notes from the house of Goodman
Chart studies, market notes and Charlie Goodman stories from Michael Duane Archer.
My First Trip to Zurich: A Young Trader Abroad in 1977
Michael Archer recalls his first trip abroad at 27, a trading trip to Zurich in 1977: tiny pizza slices, an escargot binge and the Sechselauten festival.
6 Oct 2024 · 4 min read
Open Interest as a Goodman External Overlay: The 8 Rules
Charlie Goodman trusted price, not volume. Michael Archer reviews the classic open interest rules and tests them as an External Overlay on a Molokai setup.
6 Oct 2024 · 7 min read
Interview with FOREX Master Trader Peter Panholzer
Peter Panholzer, architect turned FOREX power player, talks about his Magnum Program, coffee trade, contrarian trend following, leverage and risk management.
30 Sep 2024 · 10 min read
Commodity Futures Shoot-Out: Why Reward Without Risk Fails
In 1977 a gold fund pitted three young traders against each other for a commodity pool. Michael Archer lost the contest and explains why the winner crashed.
28 Sep 2024 · 4 min read
Three Charlie Goodman Stories and the Trading Lessons in Each
Three 1970s stories: a quarrelling couple, a wrong turn to Last Chance and a hopeful cotton buyer. Each carried a market lesson from Charlie Goodman.
21 Sep 2024 · 5 min read
Why Patience Pays in Trading: A 1974 Corn Trade with Charlie Goodman
A 1974 Corn trade worked with Charlie Goodman on a Molokai/Goldilocks nest. Six times Archer wanted out. Six times Charlie said, sit on your hands, dad.
19 Sep 2024 · 3 min read
When No Means No: A Honolulu Commodity Office Story
A late-night call, a Korean bar in Honolulu, a $400,000 account and one request Michael Archer refused. A 50YearTrader story about business and limits.
19 Sep 2024 · 4 min read
Why Traders Must Find Their Own Edge: A Charlie Goodman Lesson
Driving home from the dog races, Charlie Goodman told Michael Archer why a trader who is handed the method ignores it, and one who finds it himself succeeds.
21 Aug 2024 · 3 min read
The Goodman Nest: Four Setups That Stack the Odds
A Goodman Nest is a Goldilocks or Molokai setup forming at the end of a larger one. Michael Archer covers the four nests, money management and repropagation.
20 Aug 2024 · 3 min read
The list
One letter, when there is something to say
Charlie wrote to his students. We do the same: a new plate, a chart worth looking at, a note when a book is finished. No schedule, no sequence, no selling to you every Tuesday. Leave when you like.
We keep the list ourselves. It is never sold, rented or shared.