The 72 Course

                  THE MAGNIFICENT POWER OF THE 72

 

The 72 is one of the most powerful and versatile trading tools in the trading industry.

 

You might say that the 72 is a leading indicator giving insights as to what the market potential might do.  When you place the 72 on a chart the market has already given you some heads up as to what it is going to do.  The 72 helps you to manage your trades for maximum profits.

 

Once you learn how to place the 72 on a chart you will also recognize that more than one 72 can be placed on a chart at the same time and in many cases get some confluence areas to confirm the profit target areas.

The 72 tool is very versatile it can be used on:

any trading platform

with any broker

on any instrument for example:

  • currencies

  • metals

  • indices

  • stocks

  • futures

Virtually any place you can get a trading chart you can use the 72 tool.

It is the most accurate tool I've ever seen to pinpoint potential profit targets and potential retracement levels as well as when the market is going to change directions.

It also can help you to understand the structure of the chart patterns when the big moves are setting up to take off and when the big moves are coming to an end.

Chart patterns move in cycles and once you learn to identify the cycles you are in a better position to be a more relaxed profitable trader having a better understanding of the potential direction the market might move and when it is setting up to make that big move.

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 What is The 72 used for?

  • To point out profit targets

  • To point out retracements

  • To point out a change in direction

Chart formations we look for and use

  • Points of Control

  • Imbalance

  • Rotations

  • 123 chart pattern

  • Plateau chart pattern

Point of Control

The point of control represents the price level at which the highest volume or most significant amount of trading activity has occurred within a specific period.

Imbalance

A point where there is a long or short direction candle with smaller candles going in the opposite direction then continuing in the original direction.

Rotation

Usually happens at the end of a large move up or down.  This is an area where most traders give back the money they make on the large move.

123 chart pattern

The 123 is a chart pattern that gives you a heads-up that there is a price direction change coming.

Plateau

This pattern usually represents a small correction in the market.

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