The world’s number-one Fibonacci trading guru delivers a revolutionary new system for finding that one, great trade a day
Using the revolutionary, easy-to-learn methods outlined in this book, the full power of Fibonacci trading will be yours to command. Michael Jardine, one of the world’s acknowledged experts on Fibonacci trading and author of the international bestseller, New Frontiers in Fibonacci Trading, draws upon his decades of experience with Fibonacci trading theory and practice to develop a simple, easy-to-use system that allows you to find that one great trade a day that every trader hopes for—day after day, year after year. Combining his original Jardine Range and what he has dubbed the “Universal Chart,” Jardine’s trading system will deliver greater consistency and objectivity to your trading, indicate key trend reversals, optimize your exits and much more.
- Clearly explains how to use the Universal System right out of the box with any trading instrument and in any time frame
- Demonstrates how to use the system in conjunction with other tools and strategies to complement your current trading methodology
- Shows how to use Market Profile™ and Points of Control to more reliably determine comfort levels in the markets and anticipate trending moves with uncanny accuracy
- Uses detailed simulations to help clarify the theory behind the Universal System and to let you observe how it works in practice
- Packed with real-life examples Jardine’s and includes a 500-day trading summary/journal demonstrating just how profitable this time-tested system has been for him
Table of Contents:
Introduction v
Chapter 1 In a Nutshell 1
What I'm Going to Tell You 1
The Market Profile 2
The Point of Control 3
The Virgin Point of Control 3
The Jardine Range 4
The Universal Chart 4
What I Told You 5
Part 1 The Basics of Market Profiling 7
Chapter 2 The Market Profile 9
Measuring the Market Profile with a Price Histogram Chart 10
Lines in the Sand 13
Conjecture Lines 15
Fibonacci as a conjecture Line 16
The Best Line in the Sand 18
Profiles of the Profiles 20
Chapter 3 The Virgin Point of Control 29
Those Lines in the Sand 29
Strength in Numbers 31
POC as a Price Attractor 33
VPC as an Even Stronger Price Attractor 33
Market Memory is Only So Long 37
Chapter 4 The Jardine Range 43
What Goes Up 44
Natural and Potential 45
Back to Newton 47
Objectivity is Your Friend, Subjectivity Your Enemy 47
Part 2 The Universal System 51
Chapter 5 Getting In: The Oscillator 53
Those Squiggly Lines 53
The Great Oscillator Debate 56
The Stochastic 56
The Great Settings Debate 57
So What's the Use? 58
Using Multiple Time Frames 59
My Settings-the Holy Grail (Not) 59
Objective Requirements to Generate the "Buy" and "Sell" Signals 62
Executing a Buy or Sell Signal 64
Chapter 6 Getting Out: Average Range 69
Quick Review of Our Goal 69
Catching the First Wave 71
What Next? 73
Profit Protection 73
Do the Research 77
Optimizing Your Target 77
Chapter 7 Jardine Range and the Universal Chart 83
About Those Profiles 83
Chart 1 Jardine Range 85
Chart 2 The "Uni" 86
Blogging the Trades 92
Part 3 Putting Theory to Practice 99
Chapter 8 Trade Types 101
Type 1 Standard Keltner Exit 101
Type 2 Keltner Exit with Fibonacci Extension 102
Type 3 Counter Market 107
Missed Trades 108
Chapter 9 The Hard Part 111
Those Pesky Stops 111
Price-Based Stops 112
Market-Based Stops 113
Natural Stops 113
Lesson: Worst Case Scenario 114
A Word about Cash Management 118
Preparing to Lose-and to Win 119
Chapter 10 Back to Fibonacci: Jardine Trimesters 121
Trading Resource Guide 127
Appendix A Building Blocks 129
Market Structure Low (MSL) 130
Market Structure High (MSH) 133
Reversal Patterns 134
Appendix B Fibonacci review 137
Leonardo and His Rabbits 138
The Golden Mean 139
More on the Mean 140
Using Fibonacci to Forecast Waves 143
Appendix C 500-Day Trade Summary 147
Glossary 151
Recommended Reading 157
About the Author :
MICHAEL JARDINE has been trading, teaching about trading, and blogging about trading on his web site, enthios.com, for over twelve years. His second book (and first one about the electronic market), New Frontiers in Fibonacci Trading, was published in 1996. A student of the ‘markets’ in the truest sense, Jardine has held international management positions at a number of marketing- oriented companies including Chanel, Walt Disney, and Patagonia. He has four children and currently resides
on Bainbridge Island, Washington. Michael practices what he teaches: after completing his daily trade, he designs productivity software with his partner at LeftCoastLogic.com.
