Fine Tune your way to consistently profitable trading
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
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
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 Bands 4 Std Deviations 34 EMA Super Fast 4 EMA Ultra 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 that results in a sharp 40 pip drop in the next few minutes Extreme separation of the 1 EMA over the 4 EMA is the final panic spike that results 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 at and I will send you a TS If you are a Tradestation user and would like a copy of the Spike Look/ Fine Tuning Tool send me an at and I will send you a TS 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 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