Nofri’s Congestion Phase

Nofri’s Congestion Phase 

In 1975, a well-known Chicago grain floor trader, Eugene Nofri, published

The Congestion Phase System (New York: Pageant-Poseidon Press Ltd.). This

small but power-packed volume detailed a short-term trading method using

simple but effective “congestion phases.” Although not precisely a work on the

50 percent rule, it touched on some of Charlie’s ideas from a different angle.

Mr. Nofri was a corn trader, but the congestion phase system is applicable to

FOREX at all trading levels. Other congestion phases identified by Mr. Nofri

are in his book. See Figure 5.30.

Nofri’s Congestion Phase

I mention Nofri’s work also because Charlie was especially taken by its

simplicity and because it can work well in conjunction with GCSC. The idea

of melding GCSC with a congestion phase approach ought to produce a

method of finding those high-percentage ducks that the Belgian Dentist loves

so much.