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Day Traders Don’t Trust Pivots or Fibonacci Levels: Here’s Why.
– Why don’t we use fib numbers? Or pivots?
o I only trust price levels that have been proven as important s/r levels
o Anything that requires a calculation
o Once the level is tested and the level holds I am then going to use it in the future.
o All of this is done without doing anything with the AUTO-LEVELS indicator.
– How do I make my charts look like JJ’s?
o Confidence is built when YOU take your trades on your own merit
o I provide the charts and the market data to power those charts
o You OWN the indicators
o And we provide 24/7 tech support to help you get them setup.
o support@schooloftrade.com (cc: JJ)
o 800-381-2084
– How do I read the time and sales?
o Reading the tape
o Section #3 in the intermediate course has the info on your time and sales.
– Do we have to wait for a swing high /low for a qualified entry?
o Yes, always use a new swing-high/low when entering a trade.
o What if the swing high is on the red auto-level line?
– Do you think this afternoon will produce winning trades?
o Watch the webinar titled: 8-phases of the Emini’s
o Be very careful about getting into the market TOO EARLY in the afternoon session
o When is lunch over? When is the afternoon session beginning?
Speed of the market
Is the dollar flat? Expect everything else to be flat.
230pm EST is when the volume SHOULD be returning from lunch
No guarantee, the afternoon session can be hit or miss.
– 10:10 on Crude Oil Fast Track Long
– What did Mom warn me about as a kid?
– Don’t buy the highs/ sell the lows
– Don’t fiddle with the middle
– Never trust a price level that has not been proven