Iām curious because I want to post on my blog about the 2618 trade but I always like to give credit where credit is due but I canāt figure this one out.
What is the origin of the 2618 trade? Iāve only seen it on FMP Forex Market Preview with Jason Stapleton, but who actually came up with it?
This is probably a stupid question, hahah but thanks if any of you know, itās not jason is it? maybe it is i know he came up with the cypher xDD The Twenty-Six, Eighteen Trade
Out of curiosity what does this trade involve. Itās funny you mention it here as I got an email with a market review from them. I have never watched them before but decided why not. He mention this trade. If it is propitiatory info then donāt worry about it. I am sure it involves the 2.618 fib extension.
Ok basically it involves price performing a double top/bottom and moving away from it.
You will buy/sell upon the retracement prefably at the 61.8 level. Thus 2618, 2 = double top/bottom 618 referring to the 61.8 fib area.
He has this pro traders course which I might like to take sometime in the future when I have $$ā¦ hahhaha but his weekly videos are VERY helpful I would recommend checking it out.
Yeah I was having problems figuring it out too so I drew it out visually.
He also mentions that although you tipically look for a 0.618 retracement, sometimes it retraces to 0.786, 0.886, 0.5 or any of the other fib levels. Technically, as long as it stays below a 100% retracement itās still a valid setup but the perfect ones are 0.618 retracements.
Weāll see if we can spot any this week if you see any post some iāll be looking for them too.
This looks a lot like my OTE and Market Structure conceptsā¦ and look you even hear my 18 year long āICTā coined GLGT closer at the tail end of his videosā¦ this occurs in August of 2011 and continues today. Jason if you are reading thisā¦ I am flattered. His partner Akil followed me for a day or so on Twitter then poofā¦
This should be fun. 
