Event-Driven Spikes

Video Notes:

Context of the spike is by far the most relevant – every spike is unique and understanding the market's common reaction to like-events is most crucial

Fibonacci Retracements used as a guide only – theory versus mechanics – both are described

1st shot is usually these best – if you miss it, let it go unless something unquestionably strong is telling you otherwise

Don't be afraid to go for more – its the only way to really get ahead

Look for renewed buying or selling pressure to gauge retests