THE FINE TUNING TOOL SPIKE LOOK CHART

Fine Tune your way to consistently profitable trading

Start thinking like a professional trader

Imagine being able to add the following attributes to all your trading decisions through the use of one trading tool.

Patience Better timing Bigger profits Smaller Losses Higher percentage of winners Trade with less a lot less stress

What is the Fine Tuning Tool and how can it be used to improve to improve trading results

Lets begin by recognizing one of the facts of life about trading - it is counter intuitive

Often times successful trading requires that we sell as prices are rising and buy when prices are falling. This counter intuitive process is one of the most difficult concepts traders must master.

How does a trader determine the right place to buy when prices are falling

or sell when prices are rising?

The answer is two fold: By looking across your spectrum of charts for multiple clues By recognizing good risk/reward opportunity

A little history

I developed the Spike Look/ Fine Tuning tool in an effort to correct my worst trading mistake which was

TRYING TO GET ON BOARD BREAKOUTS

Every time I tried to buy a spike move to the upside or sell one to the downside it proved to be a losing trade.

The loses were so consistent I decided that if I could somehow reverse engineer my worst trading mistake I would have a system that produced consistent profits.

At that time I was trading futures which often produce quick spikes in both directions.

I decided I need a visual quick reference chart that told me to do the opposite of what I had been doing.

A chart that would tell me when to:

Sell spikes to the upside !

Buy spikes to the downside !

The Spike Look Chart/ Fine Tuning Tool

So now let me introduce you to

and the components that make this such a versatile an valuable trading tool

Outer Bollinger Bands Red & Green

Inner Bollinger Bands – Dashed White

34 EMA – Thick Magenta

Super Fast 4 EMA – Thick Teal

Ultra Fast 1 EMA – Thick White

Bollinger Bands 2 Std Deviations

Bollinger Bands4 Std Deviations

34 EMASuper Fast

4 EMAUltra Fast

1 EMA

Spike Look Use – A Visual Quick Reference Chart

Range Trading Tool

Fine Tuning a very nice HVMM Trade by taking a profit at 1X just before a sharp move back up.

Fine Tuning Tool

The 1 EMA outraces the 4 EMA producing separation that warns of an imminent snap back to the upside in the direction of the main trend.

Extreme separation of the 1 EMA over the 4 EMA is the final panic spike thatresults in a sharp 40 pip drop in the next few minutes

The lagging 4 EMA and separation reveals that this candle will most likely turn into a pivot candle and the exhaustion point of the move up.

If you are a Tradestation user and would like a copy of the Spike Look/ Fine Tuning Tool send me an email at Russell@netpicks.com and I will send you a TS workspace.

The Spike Look/Fine Tuning Tool has many nuances. As with any tool you become more proficient with it over time.

After using it for about 5 years now it has become an indispensable part of my trading.

It has been pivotal in helping me achieve the one goal every trader is striving for – Consistent Profitability