Learn how to identify institutional algorithms and trade like the pros!
This course will take you through advanced strategies and preparations for trading bull and bear fibonacci sequences that have never been revealed to retail traders before now!
The course is broken into three sections and will walk you through step by step some of the most advanced strategies and techniques for day and swing trading.
You're going to learn how to identify Fibonacci sequences used by institutional algorithms and how to leverage that knowledge in your trading.
We're also going to provide insights into risk management and how to create better overall trade scenarios.
Lastly, we'll take you through some trade planning and trade recaps that apply the techniques taught in the course.
Who Should Take This Course:
- Experienced/Advanced traders
- Previous Forex Mastery or Price Action Mastery Certification Students
- Swing or Day traders
- Indice traders
- Forex traders
- Commodities traders
- Crypto traders
- Nadex traders
- Traders who want to become more consistent and confident
What You'll Learn in this Course
Section 1 | Foundation
Cost of Entry - Mini vs Micro Contracts - We’ll take you through a detailed discussion and cost / risk breakdown between the mini and micro futures contracts for ES, NQ, and YM. Along the way we’ll dissect the myth of needing a very large account to trade traditional futures. Additionally, we’ll introduce these concepts: intra day margin requirements, initial margin requirements, profit / loss potential per point (tick), and how to use bracket orders for trade management
Margin on Futures - You’ll learn the capital /aka/ “margin” requirements to trade futures contracts using a small account value of $2000 as a specific example. We’ll explain risk concepts including what a margin call is and how to avoid getting yourself into that scenario.
Automate Trade Management using Bracket Orders - We’ll break down how to automate trade management utilizing “Bracket Orders” when trading multiple contracts so you can avoid unnecessary risks. This technique can automate stop loss and take profit levels which can be super helpful in fast moving volatile time periods. If a trade moves in your favor you’ll see how using a 4 contract bracket order entry can essentially establish a risk free “net zero”position.
Setting Up Grids - We’ll demonstrate a best practice for setting up a chart grid in your trading platform for indice and forex futures and how to best monitor market internals using time and tick charts.
Part 2 - Fibonacci Strategies and Techniques
Directional Assessment - We’ll step you through three different higher time frame charts to formulate directional assessment using support/resistance and Fibonacci. We’ll demonstrate how to identify price magnets and targets that could be used for intraday trading once a bias is established.
Intraday Measured Moves and Directional Assessment - Using directional assessment we’ll show you how to calculate measured moves with Fibonacci within a range and how to properly trade a range until it breaks.
Using Fibonacci to Trade a Range Breakout - Using historical support/resistance price movement as well as projected future price movement we’ll use Fibonacci to demonstrate how to trade range breakouts in bearish or bullish scenarios.
Long Fib Extensions - We’ll show how to use bull oriented fibonacci sequences often referred to as “measured moves.” This is used to identify reversal zones and extension targets that are the basis for algorithmic trading used by the institutions for trade entries and exits. The key ingredient is knowing precisely where to place fib anchors and which retracement levels to utilize based on the price action that is occurring.
Short Fib Extensions - We’ll show how to use bear oriented fibonacci sequences often referred to as “measured moves.” This is used to identify reversal zones and extension targets that are the basis for algorithmic trading used by the institutions for trade entries and exits. The key ingredient is knowing precisely where to place fib anchors and which retracement levels to utilize based on the price action that is occurring.
Tick Charts - We show you how to use tick charts for intra day trading by applying all these same concepts in a “micro sequence” fashion.
Volatility Index - VIX - The Volatility Index (VIX) moves inversely to the indices and can often be an indicator of upcoming market moves...
Essentially providing traders a Trade Entry Timing Tool that also can indicate when to exit and take profits! While it may be considered common knowledge to some it is a widely unknown phenomenon to most traders...
We’ll walk you through the specific details of the correlation between the VIX and the rest of the market and how to incorporate this relationship into your trading style to increase confidence and consistency!
Part 3 - Trade Planning and Recaps
You’ll see chart analysis applying the advanced fibonacci concepts across several charts including the S&P 500, Japanese Yen, Crude Oil, the Dow Jones Industrial Average, and Gold! (tickers ES, 6J, CL, YM, and GC)
Limited time BONUS - Traders who purchase this course will also gain access to private slack channels administered by Michael Perrigo and Tom Winterstein for additional support, planning, and recaps.
Instructor - Michael Perrigo
Michael is a 15+ year retail trading veteran who has mastered the art and science behind Equities, Futures, Commodities, and Forex charting structure and has a knack for teaching complicated strategies and making them simple for any new and or experienced trader to understand. His charting capabilities and trade execution against them has made him a remarkably consistent trader over the years!
This course provided amazing insights to bull and bear runs and where to jump in which have helped me be more confident in my trading strategies! I completed the Price Action Mastery Course and will sign up for any course taught by Michael Perrigo and ChartPros!