Jacobs Ladder Weekly Rewind for the of November 12th

Jacobs Ladder Weekly Rewind for the of November 12th

Jacobs Ladders Weekly Rewind for the Week of November 12th

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.

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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.

A case for watching multiple instruments

Not all trading days will have great set ups on all categories of instruments. Jacobs Ladders covers multiple groups of instruments. Our goal is to find set ups that provides an equivalent of 4 ES handles.  These examples below shows  good trade set ups occurring in instrument groups every day and giving more than 4 ES handles equivalent.

The new TOS study makes it very easy to track and identify instruments which are giving good trade set ups. So it pays to watch multiple instrument and trade those that are proving the best setups.

S&P 500 Emini Set up Examples

Here are two examples on ES. One is a a trend day and the other one is two sided day.

Nov 14 Tue had Low hit quickly with a 12 handle bounce, then a 7 handle retrace when resistance was hit at Higher Low, then a 7 handle bounce from Lower high.

Thursday Nov 16 was a trend up day, see how after breaking above level High, price came back and demonstrated conversion of level High as support?

 

Crude Oil Futures

I have couple of examples on CL.  One is a trend down day and another is from Inventory day.

Here is a trend down day example on CL and how levels three entry set ups gaining 50 tics, 30 tics and 90 tics  before the market closed.

The Inventory report gave moves on prices that paused on level giving good trade set ups.

There was no entry into the initial move down but when the move down paused, this gave a good 50 tick bounce then his resistance and gave a 30 tick retrace

ZB 30 year treasury bond futures

Here is an example using ZB illustrating how to watch and entry set up for a strong bounce from Low where price bounces without giving a close entry to a level. Watch for conversion of support from next level and catch the train there

 

Jacobs Ladders TOS Study

If you are a Think or Swim users you can see all the levels loaded into each of the instrument’s chart by copying and pasting code for a study each morning. The link for the study is included where the levels are published

Here is how the TOS chart will look when you have a 9 cell grid for various instruments with levels loaded. You only need to update the study on one chart. Levels will load automatically on all other instruments for which Jacobs Ladders levels are available.

 

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.

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