Yeah yeah.. I know what you are thinking.
You are thinking that this Merlin guy has lost all his marbles but bear with me to the end of this post and I promise you, your head will be blown and you will believe more and more that this idea is perfectly logical and doable.First, let's look at this chart.
- Peak2Peak-50-2-100K.jpg (91.74 KiB) Viewed 4950 times
Now I know that it can be a little overwhelming at first but let's take some time and look at all the different areas of the chart.
Here is it in more details...
The first thing we see at the top is the "doubling row". We can see that it goes from 1 to 18 and this is how we will get rich, by doubling our money 18 times in a row.
Row #3 is the "Contracts row". This is where you place your bets so to speak and buy or sell Futures contracts to profit from.
Row 5, 6 and 7 are the B (Bet), P (Profit) and T (Total) row where in column B for example, we buy 1 Micro contract at $50 each, make a profit of $50 by making 10 pts on the trading chart (more to come on that) and end up the day with a total of $100 in the bank, making it our 1st doubling. 1 down, 17 more to go.
With the Micro Russell contract, each point on the trading chart is worth $5 so if you bet in the right direction and make 10 pts, you end up with a $50 profit, doubling your initial $50 investment. By taking that initial $50 and adding the $50 profit of the prior day, you can now with your $100, buy 2 Micro contracts and if you also make 10 pts in the right direction, you will double those 2 contracts, making it doubling #2 and so on.
Now you may think, how will we be able to make 10 pts on the trading chart to double our money?
Well, if you look at this chart below, you will see that I was able to do those 18 doubling (28 in fact) in a row during this week alone on 2 good trading days, March 13 and 15.
Here's those 2 charts...
The pink dots is when the price goes back down and where we make our 10 pts on the way down the chart. The green dots is when the price goes back up and where we make our 10 pts on the way up the chart. That's why the system is called Peak 2 Peak because we trade from 1 peak at the top of the channel to the other peak on the bottom of the channel.
Basically, the trading system goes like this...
When the price goes up and pushes the ceiling of the channel, the channel turns dark blue and when the price crashes and pushes down the bottom of the channel, the whole channel turns red.
Next we have a secondary channel that is smaller inside the big one. This channel has 4 different colors, 2 on the dark red one (light red and gray-red) and 2 on the dark blue one (light blue and gray-blue).
When the price is going down we have as I said, the main channel is turning dark red but the price bars in white are also in the secondary channel and this one turns bright red when the price is going down in the big dark red channel but when it goes back up, the secondary bright red channel turns gray-red and this is usually the turning point where the price stop going down and starts moving up toward the top of the dark red channel, turning it into a dark blue channel.
Same thing when it goes down. The price stops going up, the secondary channel goes from light blue to gray-blue and moves down towards the bottom of the dark blue main channel, turning it dark red.
Everybody follows me so far?
