Advanced ABC Entries

Question 1

Outside Continuation Patterns:

These often indicate a small amount of …..

Answer 1

Profit taking

Question 2

Outside Continuation Patterns:

You will need to check the market when …..

Answer 2

Half way through the day

Question 3

Outside Continuation Patterns:

In a long trade the stop goes ……

Answer 3

1 Point above the high of the preious day - the potential point B day.

If the market trades above the high of the previous day it will confirm both point B and point C simultaneously

Question 4

Outside Continuation Patterns:

Be careful because ….

Answer 4

You may be taking a punt that it is profit taking. Allow the market to confirm what is happening - maybe just sit it out till the proper signal appears.

Question 5

Outside Reversal Days:

These are outside days that make a new point ….

Answer 5

C

Question 6

Outside Reversal Days:

Stops go where ….

Answer 6

standard ABC locations

Question 7

Ignoring Outside Day Swings:

Best used when the previous day …..

Answer 7

has a very small range that creates an extra swing

Question 8

Ignoring Outside Day Swings:

If you ignore this it ….

Answer 8

further reduces the noise on your swing chart

Question 9

First Higher Swing Bottoms:

This type of trade allows an entry …..

Answer 9

without the regular ABC confirmation

Question 10

First Higher Swing Bottoms:

Make sure that the ranges are ….. and that the opposite ranges are …..

Answer 10

expanding / contracting

Question 11

First Higher Swing Bottoms:

Entry must be by …..

Answer 11

33%

Question 12

Openers Rule:

Check the market ….. after it has opened to confirm if the push is from the ….. or the …..

Answer 12

15 to 20 minutes / bulls / bears

Question 13

Openers Rule:

Can be the final piece of …..

Answer 13

confirming information to place a trade

Question 14

Openers Rule:

Ideally we want to see ….. volume

Answer 14

strong

Question 15

Openers Rule:

Knowing your market is important, so you should know the ….. ….. after 15 to 20 minutes

Answer 15

average volume

Question 16

Openers Rule:

Lowers risk on a trade because …..

Answer 16

your entry will be closer to Point C

Question 17

Openers Rule:

Is a super powerful technique because …..

Answer 17

it will be the final confirmation you need to enter a trade since you will be expecting the movement in the direction of your forecast.

Question 18

Closers Rule:

This can be an effective way of getting the jump on ….

Answer 18

an expected price or time set up

Question 19

Closers Rule:

Describe the set up …..

Answer 19

1. view the market in the last 10-minutes of trade
2. Divide the days range into 4
3. If the final trades are in the top 25% it is a long close
4. If the final trades are in the lower 25% then it is a short close

Question 20

Closers Rule:

Use this to …..

Answer 20

1. Exit for profit
2. Enter based on a price forecast
3. Confirmation of a new position
4. A heads up of potential entry opportunity expected the following day