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TRADING NAKED

Master  your  setup. Master  your Self

 

the interpretation and application of price action concepts

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We all share a similar path in Trading. Even though you may not be a consistently profitable trader now, you can chose to enjoy the path. This alone may make the difference in your success.

 

 

Brach Zone 091903- trading off a .62/.786 retracement


[back to Brach]   [more Brach Zones from Brach  BrachZone1]


 
There have been some statements on the Yahoo group that fibs don't work.  Ok, I understand they don't work for you. They work for me. Master this concept and you be a consistently profitable trader.

I am using a 600 tick chart because I was working on something else and this timeframe was up. Regardless or timeframe these same pivot highs and lows would exist. I did put on a TradeStation eld pivot high pivot low to let the examples be less random.   All boxes represent BrachZones except for the purple one. Grey is with the trend, yellow countertrend as determined by 9/18 ema ala Floor Traders Method. Two of the BrachZone retracement areas were noted on Thursday night Floor Trader Pivots chart as potential trade locations. One hit and returned a profit. The others developed as the trading day progressed. 

Shown are 15 BrachZones 13 were triggered and returned nice profits depending on your entry and money management techniques. Lettering of a b c etc  is not meant to denote Elliott format just a label. I am learning Elliot, in process of mastering. 

Once this technique is mastered you will think this way automatically. Drawing out the exact fibs will be unnecessary. You will see it. I'm sure Brach does and I'm sure at times Jimmer knows where the bands will be even if they were not on the chart.

 

X
Same chart with the addition of Jimmer BB. The BB create confluence of 2 resistance area to trade off offering great entries on every entry.

 

 

 

expect miracles, they are everywhere.............. God is good all the time

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