Jacobs Ladders Weekly Rewind October 23-27

Jacobs Ladders Weekly Rewind October 23-27

Jacobs Ladders Weekly Rewind October 23-27

Jacobs Ladders is a pivot based trading system that provides perspective on high quality, profitable trade setups for day traders. The purpose of this blog is to educate day traders on this trading system and provide links to the levels on a daily basis. You may wish to bookmark this page.

The Subscription Service for Jacobs Ladders pivot system is now available. A subscription includes a 14 day free trial and includes all instruments and indicators that we cover and new indicators and instruments in development. It also includes our Think or Swim indicator. We are now working on a Ninja Indicator which we hope to finish later this year. Please post any questions you have to this blog.

Click HERE to subscribe to the Jacobs Ladders Pivot System.

The objective of the Jacobs Ladders is to help day traders identify and capture a minimum price movement between any two adjacent pivot points. This system when used correctly will improve the consistency of winning trades and helps minimize risk and losses.

In this weekly blog series, I will point out set ups that occurred during the past week that are illustrative example of how to use Jacobs Ladders for day trading. These examples have been tweeted out on our public twitter feed, you can follow along here @the_artofchart.

For more educational information, please see the previous introductory post introducing Jacobs Ladders day trading system which can be found here.

 

S&P 500 Emini Set up Examples

The S&P 500 Emini objective is to capture at least 4 handles a day. There were plenty of such opportunities and we had two occurrences of Extreme Low1 levels which bounced nicely. First one gave 9 handles by the next day and second one on Thursday provided 16 handles before the market closed.

Here is the annotated chart giving examples of how levels can be used to capture at least 4 handles a day.

Crude Oil Futures

This week on crude oil futures, Tuesday and Thursday there were nice setups and Jacobs Ladders levels  captured good moves. Thursday was a 100 tics range between levels. See the charts below for more information.

Euro Dollar Futures

Here is annotated chart for each day of the week on Euro Dollar features.  Remember this is a good instrument to trade DX without having to pay hefty data fees on ICE exchange. Look at Wednesday and Fridays charts where I specifically marked it.

6E also has a micro future variation instrument named ‘M6E’ which is 1/10 th the size of main 6E and only requires 1/10th of margin. This is an excellent way to learn to trade DX based currency moves.

Gold Futures

Here an example of how levels help to trade gold futures on a day GC touched High and Low level capturing over $1200 worth.

I hope this educational post helps you understand how to use Jacobs Ladders. Please look for our educational posts on our public twitter feed at @the_artofchart.

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About the Author

Stan Nabozny
Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Commodities, Equities, Currencies, Precious Metals and Bonds. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics . Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

2 thoughts on “Jacobs Ladders Weekly Rewind October 23-27

  1. Prakash Trivedi - November 5, 2017 at 6:00 pm

    Hello,

    Thank you for sharing your knowledge. It is mentioned in the post that Jacobs Ladder is a TOS study. I could not find it in TOS is there something specific I have to do to load the study?

    Thank you,
    pk.

    • Stan Nabozny - November 5, 2017 at 6:45 pm

      Yes – click the link to download the TOS study – create a new indicator – then paste the downloaded code into the study. You will then have levels drawn for you on your charts.