Jacobs Ladders is a day 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.
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 at @the_artofchart.
If you are new to Jacobs Ladders, please start with this post Introducing the Jacobs Ladders™ Pivot System. I highly recommend reviewing past blogs in this series where you can find 80 plus examples. You will find the links to past weeks posts at the bottom of this article.
A bullish pattern example on Jacobs Ladders Levels
The index market continues incredible bullish trend. Often there is not even a clean back test support for a decent entry. But there is one pattern one can learn on such bullish market. It often involves a dip after open but the dip into next level below is shallow. It does not print the level below. It starts to show higher low bars. So wait for price to pop above the next level up. Ideally should back test support on next level up but on very strong market, each new candle could be higher and a clean back test may not even happen. Here are two text book examples
Here are several representative examples from Crude, Natural Gas, Emini and ZB futures from this past week.
Links to past weekly blogs
If you are new to Jacobs Ladders and would like to learn more, I strongly recommend going through past weekly blogs and looking at chart examples posted. you will see 60 plus examples
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.