elliott-wave fibonacci spread trading -...
TRANSCRIPT
![Page 1: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/1.jpg)
Elliott-Wave Fibonacci Spread TradingPresented by Ryan Sanden
The inevitable disclaimer:
Nothing presented constitutes a recommendation to buy or sell anysecurity. While the methods described are believed to be effective inthe long run, no guarantee of efficacy is being made. Trading involvesrisk. I will in no way be responsible for any decisions or trades made as adirect or indirect result of this material. Full understanding of all tradinginstruments and exchanges is the sole responsibility of the trader.
Ryan owns positions in the following related securities discussed herein: SDS
![Page 2: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/2.jpg)
2
Principles of Market Trends
• Markets move in trends.• Movements with the trend are called “impulses”.• Movements against the trend are called “corrections”.• Trends eventually change.
Trend is UP
impulse c
orrection
impulse c
orrection
impulse c
orrection
![Page 3: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/3.jpg)
3
Principles of Market Trends
• Trends depend on their time frame.• Green = uptrend• Red = downtrend
6 Trends
![Page 4: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/4.jpg)
4
Principles of Market Trends
• Trends depend on their time frame.• Green = uptrend• Red = downtrend
48 Trends
![Page 5: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/5.jpg)
5
Principles of Market Trends
• Trends depend on their time frame.• Green = uptrend• Red = downtrend
1 Trend
![Page 6: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/6.jpg)
6
Principles of Market Trends
• Trends depend on their time frame.• Green = uptrend• Red = downtrend
Which is correct? They all are. Which you trade is up to you.
Planning to trade one trend while acting on movements in another trendis called a trend relativity error. It is one of the most common trading mistakes.
![Page 7: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/7.jpg)
7
Principles of Elliott Wave Theory
1
2
3
4
5
A
B
C
Markets tend to advance in 5 waves, and retrace (correct) in 3 waves.
Larger-degree uptrend (higher time frame trend is up)
![Page 8: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/8.jpg)
8
Principles of Elliott Wave Theory
1
2
3
4
5
A
B
C
Markets tend to advance in 5 waves, and retrace (correct) in 3 waves.
Larger-degree uptrend (higher time frame trend is up)
![Page 9: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/9.jpg)
9
Principles of Elliott Wave Theory
Markets tend to advance in 5 waves, and retrace (correct) in 3 waves.
1
2
3
4
5
A
B
C
Larger-degree downtrend (higher time frame trend is down)
![Page 10: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/10.jpg)
10
Principles of Elliott Wave Theory
Markets tend to advance in 5 waves, and retrace (correct) in 3 waves.
Larger-degree downtrend (higher time frame trend is down)
1
2
3
4
5
A
B
C
![Page 11: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/11.jpg)
11
1
2
3
4
5
A
B
C
These structures “repeat”.. That is, they connect together:
1
2
3
4
5
A
B
C
1
2
3
4
5
A
B
C
If I take away the colors and labels.. It really looks like the stock market.Yet, the underlying order is there if you know what to look for.
![Page 12: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/12.jpg)
12
They don’t just infinitely repeat. That would be too easy. Really, they combine to make “higher degree” waves. So, what looks like repetition is really just larger degree waves unfolding.
1
2
3
4
5
i
ii
iii
iv
v
a
b
c
1
2
![Page 13: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/13.jpg)
13
1
2
3
4
5
i
ii
iii
iv
v
a
b
c
1
2
i
ii
iii
iv
v
a
b
c
3
4
i
ii
iii
iv
v
5
A
B
C
i
ii
iii
iv
v
a
b
c
i
ii
iii
iv
vA
B
C
![Page 14: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/14.jpg)
14
An Idealized Market
![Page 15: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/15.jpg)
15
Major Degree Waves – “The Big Trend”
![Page 16: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/16.jpg)
16
Intermediate Degree Waves – “The Major Moves”
![Page 17: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/17.jpg)
17
Minor Degree Waves – “The Daily Wiggles”
![Page 18: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/18.jpg)
18
Nested Waves. Elliott-Wave “map” of the market.
![Page 19: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/19.jpg)
19
Nested Waves. Elliott-Wave “map” of the market.
Intermediate 1 of Major 1
Minor A of intermediate 2 of Major 1
Minor 4 of Intermediate 3 of Major 1
Intermediate B of Major 2
![Page 20: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/20.jpg)
20
S&P 500 Example: Daily Bars.September 2007 through January 2008
1
2
3
4i
ii
iii
iv
v
(Market Top)
i
ii
iii
iv
v
a
b
c
a
b
c
![Page 21: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/21.jpg)
21
Q: That’s Wonderful. How can I use this knowledge?
A: The better we can predict where we are in the structure, thebetter we can predict the next move in the market.
For example, let’s pretend that the above chart is “now”.We can see enough to clearly identify the above wave count.
We just finished a “2” of the of the “green” waves, and now we expecta “3” of the green waves. Therefore, we are bearish. This is true eventhough the casual observer looks at the chart and sees a bottom!
![Page 22: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/22.jpg)
22
Q: How do we know when we’re wrong?
A: This is a very important question. When we don’t have a firm opinionof the market anymore, we should exit the trade. This becomes a stoploss. The waves offer natural stop loss points!
?
So, we can draw the waves as best as we think. Then, if the market hits ourstop loss, then we will wait until we have a new clear picture to trade.
Sometimes we’re wrong about the wave count. That’s OK. We’re right oftenenough to make this methodology worthwhile.
(stop)
![Page 23: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/23.jpg)
23
Fibonacci
To make life easier, each wave has a “target” region for where it should end.We use Fibonacci relationships to plot these on the chart in advance.
For example, Wave 2 target is 50%-78.6% of Wave 1:
78.6% retracement
61.8% retracement
50.0% retracement
1
2
![Page 24: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/24.jpg)
24Green Wave 1 down is finished. Currently in Green Wave 2 up.This wave should end somewhere between $145.99 and $150.71. ($147.94 is best.)
![Page 25: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/25.jpg)
25
A
B
C
Getting an “ABC” from here would be ideal…
![Page 26: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/26.jpg)
26That would be a reversal.
![Page 27: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/27.jpg)
27
Now, we have to “project” a likely extent for Wave 3:
Wave 3 is generally 1.000 to 1.618 of Wave 1, projected from the end of Wave 2.This is technically named an “alternate price projection”.
1
2
100%
161.8%
![Page 28: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/28.jpg)
28
Although it’s a little more tricky, we can project time the same way:
Wave 3 is generally 1.000 or so (in time) of Wave 1, projected from the end of Wave 2.This is technically named an “alternate time projection”.
1
2
![Page 29: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/29.jpg)
29
Combining these, we can get a general idea for price and time:
1
2
100%
161.8%
![Page 30: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/30.jpg)
30Looks like we’re shooting for 123 to 133 sometime in the middle of January.
![Page 31: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/31.jpg)
31
Price and Time Targets for Various Waves
Around 100% of Wave A, projected from end of Wave B
61.8% to 161.8% of Wave A,
projected from end of Wave BWave C
Around 61.8% of Wave A50% to 78.6% of Wave AWave B
Can’t be projected. This wave is created by fundamentals and is how fundamentals drive the market.
Can’t be projected. This wave is created by fundamentals and is how fundamentals drive the market.
Wave A
Around 100% of Wave 1, projected from end of Wave 4
100% of Wave 1, projected from end of Wave 4Wave 5
Around 61.8% of Wave 338.2% to 61.8% of Wave 3Wave 4
Around 100% of Wave 1, projected from end of Wave 2
100% to 161.8% of Wave 1, projected from end of Wave 2Wave 3
Around 61.8% of Wave 150% to 78.6% of Wave 1Wave 2
Can’t be projected. This wave is created by fundamentals and is how fundamentals drive the market.
Can’t be projected. This wave is created by fundamentals and is how fundamentals drive the market.
Wave 1
TimePriceWave
Note: There are others! I am just presenting basic ideas here.
![Page 32: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/32.jpg)
32
How it played out:
![Page 33: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/33.jpg)
33
![Page 34: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/34.jpg)
34
![Page 35: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/35.jpg)
35
![Page 36: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/36.jpg)
36
![Page 37: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/37.jpg)
37
![Page 38: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/38.jpg)
38
![Page 39: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/39.jpg)
39
![Page 40: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/40.jpg)
40
![Page 41: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/41.jpg)
41
![Page 42: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/42.jpg)
42
Review of Process (thus far)
• 1. Label Waves
– Determine Bullish or Bearish
– Determine Stop Loss
• 2. Perform Price and Time Projections
– Get an idea for approximately where and when we should expect trend reversal.
![Page 43: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/43.jpg)
43
EntriesReversal Day
•Close below today’s open (red candle day)•Close below yesterday’s close (down day)•Stronger signal if it made a new high as well.
ProjectedResistance
![Page 44: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/44.jpg)
44
Entries
Stop
Sell Short on Close
Risk
ProjectedResistance
![Page 45: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/45.jpg)
45
Entries
ProjectedResistance Stop
Loss �
Stopped Out
![Page 46: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/46.jpg)
46
Entries
ProjectedResistance
![Page 47: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/47.jpg)
47
Entries
ProjectedResistance
Reversal Day
![Page 48: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/48.jpg)
48
Entries
ProjectedResistance
Sell Short on Close
Stop
Risk
![Page 49: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/49.jpg)
49
EntriesStop
Risk onPrincipal
PaperProfit
![Page 50: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/50.jpg)
50
EntriesStop
Loss :-(
Credit crisis was actually a novice accounting mistake. Oops.
![Page 51: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/51.jpg)
51
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
Inside Day:A day whose range is “inside” the previousday’s range.
![Page 52: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/52.jpg)
52
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
1
![Page 53: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/53.jpg)
53
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
1
Inside Day. Its range is “inside” the previous day’s range.
![Page 54: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/54.jpg)
54
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
1
Inside Day. Its range is “inside” the previous day’s range.
2
![Page 55: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/55.jpg)
55
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
1
Inside Day. Its range is “inside” the previous day’s range.
23
![Page 56: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/56.jpg)
56
Trailing Stops
N-Day high or N-Day low. N is a number.
For example:•3-Day high•1-Day High•2-Day Low
3-Day High:Highest high of last 3 days prior to and including the extreme point, non-inclusive of “inside days”.
Extreme Point
3
3-Day High
![Page 57: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/57.jpg)
57
ExitsStop
Risk
![Page 58: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/58.jpg)
58
ExitsStop
Risk
Nearest Minor Pivot
![Page 59: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/59.jpg)
59
ExitsStop
Risk
Nearest Minor Pivot
![Page 60: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/60.jpg)
60
ExitsStop
Risk
Nearest Minor Pivot exceeded
![Page 61: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/61.jpg)
61
Exits
New Stop(3-day High)
Profit
Exceeded Pivot – Move to Trailing Stop
Old Stop
PaperProfit
![Page 62: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/62.jpg)
62
Exits
Trailing Stop(3-day High)
Profit
PaperProfit
![Page 63: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/63.jpg)
63
Exits
Profit :-/
![Page 64: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/64.jpg)
64
Exits – Towards Price Target
Projected Support Levels
![Page 65: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/65.jpg)
65
Exits – Towards Price Target
Trailing Stop(3-day High)
Projected Support Levels
![Page 66: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/66.jpg)
66
Exits – Towards Price Target
Trailing Stop(3-day High)
Projected Support Levels
![Page 67: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/67.jpg)
67
Exits – Towards Price Target
3-Day High
Projected Support Levels
2-Day High
Getting Close:Switch to 2-day high.
![Page 68: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/68.jpg)
68
Exits – Towards Price Target
Projected Support Levels
Region Hit:Switch to 1-day High
![Page 69: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/69.jpg)
69
Exits – Towards Price Target
Projected Support Levels
Region Hit:Switch to 1-day High
![Page 70: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/70.jpg)
70
Exits – Towards Price Target
Projected Support Levels
Region Hit:Switch to 1-day High
If this is a major collapse,we want to hang around for it.
Therefore, we continue with thetight trailing stop instead of justtaking profit immediately.
![Page 71: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/71.jpg)
71
Exits – Towards Price Target
Projected Support Levels
Reversal Day-Close trade.Go long?
![Page 72: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/72.jpg)
72
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Reversal Day– But we missed it.Should have sold short,but I didn’t see it. Still good profitpotential left though. What now?
Potential profit. However,risk is too large to enternow (stop loss too far away).
![Page 73: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/73.jpg)
73
Trend-Continuation EntriesInside Day Trend-Continuation Entry
Inside day. This day’s range is “inside” the previous day’s range.
Sell Short if price exceeds this
Stop loss goes here
![Page 74: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/74.jpg)
74
Trend-Continuation EntriesOutside Day Trend-Continuation Entry
Outside day. This day’s range is “outside” the previous day’s range.
Sell Short if price exceeds this
Stop loss goes here
![Page 75: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/75.jpg)
75
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Reversal Day that we missed
![Page 76: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/76.jpg)
76
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Reversal Day that we missed
![Page 77: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/77.jpg)
77
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Reversal Day that we missed
Outside Day
![Page 78: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/78.jpg)
78
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 79: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/79.jpg)
79
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 80: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/80.jpg)
80
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 81: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/81.jpg)
81
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Entered here
Stop
![Page 82: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/82.jpg)
82
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 83: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/83.jpg)
83
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 84: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/84.jpg)
84
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stopped Out
Figures.
![Page 85: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/85.jpg)
85
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
![Page 86: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/86.jpg)
86
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
![Page 87: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/87.jpg)
87
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Inside Day
![Page 88: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/88.jpg)
88
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 89: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/89.jpg)
89
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 90: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/90.jpg)
90
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
Another Inside Day!
![Page 91: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/91.jpg)
91
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
![Page 92: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/92.jpg)
92
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Enter if we go below this
Stop loss will go here
Entered at the open
![Page 93: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/93.jpg)
93
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 94: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/94.jpg)
94
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 95: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/95.jpg)
95
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 96: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/96.jpg)
96
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Stop
![Page 97: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/97.jpg)
97
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
New Stop3-day High
![Page 98: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/98.jpg)
98
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
New Stop3-day High
![Page 99: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/99.jpg)
99
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
New Stop3-day High
![Page 100: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/100.jpg)
100
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
New Stop3-day High
![Page 101: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/101.jpg)
101
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
New Stop3-day High
![Page 102: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/102.jpg)
102
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Getting Close:2-day high
![Page 103: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/103.jpg)
103
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
Reversal Day-Exit
![Page 104: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/104.jpg)
104
Trend-Continuation Entries
Projected Support Levels
Projected Resistance Levels
McDonalds filesChapter 11 oncredit losses.
![Page 105: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/105.jpg)
105
Bear Market S&P 500 Activity
• We will now go through a step-by step walkthrough of the entire Bear Market, from the beginning.
• It will begin very detailed, but eventually just show the method is working.
![Page 106: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/106.jpg)
106
![Page 107: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/107.jpg)
107
![Page 108: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/108.jpg)
108
![Page 109: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/109.jpg)
109
![Page 110: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/110.jpg)
110
![Page 111: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/111.jpg)
111
![Page 112: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/112.jpg)
112
![Page 113: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/113.jpg)
113
![Page 114: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/114.jpg)
114
![Page 115: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/115.jpg)
115
![Page 116: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/116.jpg)
116
![Page 117: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/117.jpg)
117
![Page 118: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/118.jpg)
118
![Page 119: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/119.jpg)
119Note: I am deliberately counting this section differently from at the beginningof this presentation. And it still works! This shows the versatility of these techniques.
![Page 120: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/120.jpg)
120Note: I am deliberately counting this section differently from at the beginningof this presentation. And it still works! This shows the versatility of these techniques.
![Page 121: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/121.jpg)
121
![Page 122: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/122.jpg)
122
![Page 123: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/123.jpg)
123
![Page 124: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/124.jpg)
124
![Page 125: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/125.jpg)
125
![Page 126: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/126.jpg)
126
![Page 127: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/127.jpg)
127
![Page 128: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/128.jpg)
128
![Page 129: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/129.jpg)
129
![Page 130: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/130.jpg)
130
![Page 131: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/131.jpg)
131
![Page 132: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/132.jpg)
132
![Page 133: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/133.jpg)
133
![Page 134: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/134.jpg)
134
![Page 135: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/135.jpg)
135
![Page 136: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/136.jpg)
136
![Page 137: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/137.jpg)
137
![Page 138: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/138.jpg)
138
![Page 139: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/139.jpg)
139
![Page 140: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/140.jpg)
140
![Page 141: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/141.jpg)
141
![Page 142: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/142.jpg)
142
![Page 143: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/143.jpg)
143
![Page 144: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/144.jpg)
144
![Page 145: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/145.jpg)
145
![Page 146: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/146.jpg)
146
![Page 147: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/147.jpg)
147
![Page 148: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/148.jpg)
148
![Page 149: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/149.jpg)
149
![Page 150: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/150.jpg)
150
![Page 151: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/151.jpg)
151
![Page 152: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/152.jpg)
152
![Page 153: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/153.jpg)
153
![Page 154: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/154.jpg)
154
![Page 155: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/155.jpg)
155
![Page 156: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/156.jpg)
156
![Page 157: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/157.jpg)
157
![Page 158: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/158.jpg)
Choosing the Spread
Here’s our example from before. We said we are expecting approximately$123 to $133 sometime in the middle of January.
Always target the worst-case scenario: Assume the stock goes to $133.We therefore want a bear put spread with the short put at $133. For long put, choosean ITM option with strike above stop loss. The more ITM, the better.
![Page 159: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/159.jpg)
159
Choosing the Spread
So, we have established a bear put position:
SPY @ $144.84. (Dec 11, 2007). Stop @ $150
Long Put: Jan 2008 $160Short Put: Jan 2008 $133
At VIX = 30, the following are the most likely prices:
Long Put: $16.37Short Put: $1.44
Put Spread: $14.93
If we hit stop at expiration (worst-case scenario):
Long Put: $10.00Short Put: $0.00
Put Spread: $10.00
If we hit profit target tomorrow (again, not as good as if it happens next month):
Long Put: $27.15Short Put: $5.13
Put Spread: $22.02
(Spread is better whenextrinsic value in short optionis greater than extrinsic valuein long option)
![Page 160: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/160.jpg)
160
Choosing the Spread
If we hit profit target at expiration:
Long Put: $27.00Short Put: $0.00
Put Spread: $27.00
So, if we are right, spread will be worth between $22.02 and $27.00, which,considering the original spread cost was $14.93,represents profits of 47% and 81%.
If wrong, spread will be worth $10 and will represent a loss of 33%.
If we hit stop tomorrow (not as bad):
Long Put: $12.26Short Put: $0.70
Put Spread: $11.56 (loss of 23%)
![Page 161: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/161.jpg)
161
Risk Management
If we risk our whole account every time, eventually we’ll be wrong three timesin a row and lose 50% three times (thus losing 87.5% of the account). That’s not good.
We solve this by only risking 3% of our account on any trade.
We said the risk in the spread was 33%.
To position size, simply divide 3% by 33%: 0.03 / 0.33 = 9.1%
Therefore, we can buy 9.1% of the account on this option spread. The restshould be held in cash. On a $100,000 account, we buy $9100 of this spread.Since the original spread price was $14.93, we buy a 6-contract spread.
If we are right, we should get a return between 47% to 81%. We’ll say 65% forsake of argument.
65% return on 9.1% of your account is 5.9%.For intermediate-term investing, you will trade a spread around 10 times per year.(Wrong 10 times: -26%).
![Page 162: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/162.jpg)
162
Special Thanks To:Dynamic Trading, by Robert Miner
Little of anything presented today is original. I now credit my primary sourceAnd direct you to this book for more detailed instruction if you are still interested.
![Page 163: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/163.jpg)
163
![Page 164: Elliott-Wave Fibonacci Spread Trading - realFX.costatic.ryansanden.com/...to_Elliott_Wave_Fibonacci_Spread_Trading.pdfElliott-Wave Fibonacci Spread Trading Presented by Ryan Sanden](https://reader036.vdocuments.net/reader036/viewer/2022082210/5a70ce957f8b9ab1538c46a1/html5/thumbnails/164.jpg)
164
4
5
1
2
4
3
5
A
B
C
1
2
4
3
5
A
B
C