Just a Trade a Day

MICHAEL JARDINE has been trading, teaching about trading, and blogging about trading on his web site, enthios.com, for over twelve years. His second book (and first one about the electronic market), New Frontiers in Fibonacci Trading, was published in 1996. A student of the ‘markets’ in the truest sense, Jardine has held international management positions at a number of marketing- oriented companies including Chanel, Walt Disney, and Patagonia. He has four children and currently resideson Bainbridge Island, Washington. Michael practices what he teaches: after completing his daily trade, he designs productivity software with his partner at LeftCoastLogic.com.

• Introduction vChapter 1 In a Nutshell 1What I'm Going to Tell You 1The Market Profile 2The Point of Control 3The Virgin Point of Control 3The Jardine Range 4The Universal Chart 4What I Told You 5Part 1 The Basics of Market Profiling 7Chapter 2 The Market Profile 9Measuring the Market Profile with a Price Histogram Chart 10Lines in the Sand 13Conjecture Lines 15Fibonacci as a conjecture Line 16The Best Line in the Sand 18Profiles of the Profiles 20Chapter 3 The Virgin Point of Control 29Those Lines in the Sand 29Strength in Numbers 31POC as a Price Attractor 33VPC as an Even Stronger Price Attractor 33Market Memory is Only So Long 37Chapter 4 The Jardine Range 43What Goes Up 44Natural and Potential 45Back to Newton 47Objectivity is Your Friend, Subjectivity Your Enemy 47Part 2 The Universal System 51Chapter 5 Getting In: The Oscillator 53Those Squiggly Lines 53The Great Oscillator Debate 56The Stochastic 56The Great Settings Debate 57So What's the Use? 58Using Multiple Time Frames 59My Settings-the Holy Grail (Not) 59Objective Requirements to Generate the "Buy" and "Sell" Signals 62Executing a Buy or Sell Signal 64Chapter 6 Getting Out: Average Range 69Quick Review of Our Goal 69Catching the First Wave 71What Next? 73Profit Protection 73Do the Research 77Optimizing Your Target 77Chapter 7 Jardine Range and the Universal Chart 83About Those Profiles 83Chart 1 Jardine Range 85Chart 2 The "Uni" 86Blogging the Trades 92Part 3 Putting Theory to Practice 99Chapter 8 Trade Types 101Type 1 Standard Keltner Exit 101Type 2 Keltner Exit with Fibonacci Extension 102Type 3 Counter Market 107Missed Trades 108Chapter 9 The Hard Part 111Those Pesky Stops 111Price-Based Stops 112Market-Based Stops 113Natural Stops 113Lesson: Worst Case Scenario 114A Word about Cash Management 118Preparing to Lose-and to Win 119Chapter 10 Back to Fibonacci: Jardine Trimesters 121Trading Resource Guide 127Appendix A Building Blocks 129Market Structure Low (MSL) 130Market Structure High (MSH) 133Reversal Patterns 134Appendix B Fibonacci review 137Leonardo and His Rabbits 138The Golden Mean 139More on the Mean 140Using Fibonacci to Forecast Waves 143Appendix C 500-Day Trade Summary 147Glossary 151Recommended Reading 157