一个笨蛋的股指交易记录-------地狱级炒手

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New charts show entry and exit prices of trades.

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As always, we do not recommend one method of stops over any other.

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Note also Fibonacci Wave 3 Exit...

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This last trade also illustrates an excellent example of the classic 5 Wave sequence using Fibonacci growth targets to determine the location of Waves 3 and 5 after the initial Seed Wave has been determined. The beauty of the Universal method is that the market profile Virgin Point of Control (VPC) allows us to get into the trade at the very beginning of the Seed Wave. This combination of proven methods is ideal.  You can read more about Seed Waves in my book, New Frontiers in Fibonacci Trading, and of course read more about the Universal method in the last chapter of that book and here on the web site.

The power of the Universal method  :-)

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short signal approaching @ vpc

This trade more than likely exited the second half at break-even, but if you managed to stay in, you can see that the optimum exit point was the Fibonacci Wave 3 zone, between 1.382 and 1.618 x the amplitude of the initial Seed Wave (the first wave in a reversal, shown here at the Keltner exit of the trade.)  The advantage of this combination of methods is that the Universal method can get you in to the trade early, and Fibonacci can optimize your exit.  Waiting until the initial Seed Wave is complete means that you will miss most of the trade.

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Here is the exit if you did not get out earlier at the Keltner or b/e:

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This chart shows the strength and weakness of Fibonacci. Fibonacci cannot predict whether prices will go up to the W3 level of 1.382~1.618, or whether they will extend up to the W5 level of 2.36~2.618.  But it can predict what will happen if prices reach those levels.  This chart shows the first 'pause' at the W3 level, then final exhaustion at W5.  However to get in to the trade in the first place, Fibonacci is not a good predictor because you have to wait for the 123 reversal to confirm.  Universal can help instead because we are reasonably sure that prices will reverse when the market hits a Virgin Point of Control (VPC) using the market profile chart. Why?  Because that is by far the most significant support point. Why? Because that is the point at which the market spent the most amount of time on a previous day.  Now, when the market does  reverse at a VPC, we have no idea whether it will reverse into a Seed Wave. Downward pressure may still over-rule. But in that case, typically we will still get a long trade and be out when prices hit the Keltner band.  The reason we hold partial after hitting that exit target is precisely because we may be in the midst of a 1-2-3 reversal, as occurred here. Note these remarks, and the charts shown below, all came in real time. This is not an "after the event" analysis. You can see our comments at each step of the trade.

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