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 setups that occurred during the past week that are illustrative examples 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 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 week’s posts at the bottom of this article.
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 where you will see 60 plus examples.
When volatility picks up, so does the price difference between each level. Our objective is to capture ideally two ladders rungs worth of price move. And thanks to volatility, such moves yields plenty of handles.
Here are several examples from last week on how Jacobs Ladders support resistance levels gave trade setups:
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.