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