One Trade A DayTactics for the trader who would rather be doing something else

Steps to Build Two Methods based on Market Profile

One with Technical indicators One plain vanilla

Content The Market Profile The Universal - Building a Method, #1 A Recent Trade Later That Day Learning to Lose

The Trimester - Building a Method, #2 Building Blocks Trimester Trade

Take-aways

The Market Profile (Price Histogram)

Point of Control (POC)

33% of Time

Observations about the POC

Turning Points

Price Attractors

Intraday POCs not significant Previous POCs very significant Untouched POCs even more significant

Virgin POCs (VPC)

Summary: VPCs1. Act as Price Attractors 2. Potential Turning Point

Building a Method, #1The Universal Method

Could go upIf so, people will sell here

Could go down

If so, people will buy here

Mark the POC Above and Below

Jardine Range

Step 1: Look for the setup We do not care whether the market goes up or down We only act when the market moves up or down to a VPC. If moves up to VPC, we go short Why? Because people are taking profits and that will force the market back down.

If moves down to POC, we go long Why? Because people are covering their shorts and that will force the market back up.

Step 2: Execute trade entry How to execute a long reversal? Oscillator tells you when market is overbought or oversold. Two oscillators from different time periods, give a better indication if they are in alignment. Stochastic, MACD, RSI, CCI, are all the same. Choose which works for you.

Two stochastics

Fractals 81,27 9,3

Danger Will RobinsonStochastics are not a panacea

Two stochastics

Multiple time-frames

Use complementary indicators

Summary: Universal Signals (Long)1. 2. 3. 4. 5. Price drops down to VPC from above Slow Stochastic 80 Fast Stochastic > 80 Price >= VPOC Fast Stochastic Turns Down

1 2

4

Stop Limit Entry

1.382 1.618

Later That DayA rare occasion when two Uni trades are triggered

1 3

Jardine Range

5

*

Learn to LoseYou cant win unless you understand how to lose

Keltner failure?

Kelter Exit

Trading the Other SideA New Method

Trading Range ReversalsJardine RangeUniversal Short from Top

Universal Long from Bottom

Trade Into the Reversal?Jardine Range Jardine Trimesters

Building BlocksA short remedial interlude

MSHMarket Structure High A short signal comprised of three consecutive bars: 1. 2. 3. One bar with a High A next bar, with a higher High A third bar, with a lower high than the previous one

Signal: Trade short below the low of that third bar.

MSLMarket Structure Low A long signal comprised of three consecutive bars: 1. 2. 3. One bar with a Low A next bar, with a Lower Low A third bar, with a higher than the previous one

Signal: Trade long above the high of that third bar.

Building A Method, #2 The Trimester TradeGetting the in as well as the out

MSH: Anticipate

Trade shorts below here Target is VPOC

Trade shorts below here Target is VPOC

MSH

Entry

1/2 at 1/2 Target

Entry

MSH Stop

1/2 at 1/2

Target

Summary: Trimester Trade Draw Trimesters into the Jardine Range Do NOT trade the middle section Trade shorts below the middle or longs above the middle Only applies to an untouched trimester

Use MSH/MSL as entry trigger Exit Half at Half Trail stops at MSH/MSL s/r points

Take-aways Dont trade any more than you have to. Build a system that works for you. Understand how to trade both sides of a move. Trade with the trend by using multiple time-frames Confirm by using independent indicators (market profile, oscillator)

Learn More New Frontiers in Fibonacci Trading DVD: Simple Fibonacci Trading

Just A Trade A Day www.Enthios.com Live Trading