Clayburg, John - The Four Steps To 80% Day Trading ess (Online Trading Expo - Traders' Library).pdf

This tutorial was originally titled “The Four Steps to 80% Day Trading ess” and
was recorded at the Online Trading Expo
Pinpointing Entry & Exit Points
Dr. John F. Clayburg
Email - clayburg@
Copywrite 2000 Traders’ Library
The Four Steps
To 80% Day Trading ess
? 1. Define the major trend
? of the day.
2
The Four Steps
To 80% Day Trading ess
? 1. Define the major trend
? of the day.
? 2. Define the minor trend within the
major trend.
2
The Four Steps
To 80% Day Trading ess
? 1. Define the major trend
? of the day.
? 2. Define the minor trend within the
major trend.
? 3. Define a specific entry point
2
The Four Steps
To 80% Day Trading ess
? 1. Define the major trend
? of the day.
? 2. Define the minor trend within the
major trend.
? 3. Define a specific entry point
? 4. Define a specific exit point
2
Step One
Define the major trend of the day.
? One hour into the session, determine that either
the high or the low of the day has been set.
? Thus the trend of the day has been defined.
? If the low is in place, the trend is up for the rest
of the day.
? If the high is in place, the trend is lower for the
rest of the day.
3
Step One
Define the major trend of the day.
? Trend Definition based on Range Expansion
4
Step One
Define the major trend of the day.
? Trend Definition based on Range Expansion
? Probability that the entire range of the day
has been established one hour into the
market is remote.
4
Step One
Define the major trend of the day.
? Trend Definition based on Range Expansion
? Probability that the entire range of the day
has been established one hour into the
market is remote.
? Any range expansion will occur on the high
side of the range on an up day and on the
low side on a down day.
4
Step One
Define the major trend of the day.
? Why is this Important?
5