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SUMMARY
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When you are operating at Level Three, you are in the top 3 percent of all traders in the world. You should be taking money out of the market on a regular basis and maximizing your ROI by your skill in allocating assets and varying the volume of contracts you are trading. Profitunity Planned Trading allows you to be minimally invested when the risk is greatest and maximally invested when the risk is least. If you can make profits trading on a one-contract basis, you should be able to double your percentage of ROI by varying the volume of con­tracts.

You need only one sheet of paper to record all your trading information. You have uncovered the underlying structure of the market and should be making it work for you. However a great deal more is at stake here than just making profits in the markets. The greatest leap in all of the five levels is the next step, from competent (Level Three) to proficient (Level Four). You will discover your own underlying structure and begin aligning it with the market's larger underlying structure. You are now able to put into practice what you have learned about:

•  How to read the individual bars;

•  The current trend direction;

•  The first indicators of a change in momentum;

•  How to tell who is running the show;

•  The meaning of increase and decrease in volume;

•  How to measure the effect of incoming volume;

•  How to trade the Profitunity windows;

•  How to locate the current market in an Elliott wave;

•  How to construct the 5/34/5 Profitunity MACD;

•  How to identify and trade an initiating fractal;

•  How to identify and trade a responsive fractal (thumb
trade);

•  How and when to place stops versus stop and reverses;

•  How to use the Profitunity Trading Partner to simplify
your analysis;

•  How to always have an air bag in place and where to put
it;

•  How to determine and identify the market rhythm with
the 5/13/34 moving average filter;

•  How to use and monitor the 5/34/5 Profitunity MACD
as the first change in momentum;

•  How to trade through a five-wave Profitunity Planned
Trading sequence. To be a "great" trader requires not only monetary rewards but also enjoyment of the trading life. If you are addicted to the screen or spend 16 hours a day trading, you are not successful no matter how much money you take from the market. The still-missing link is found in the next two steps, Level Four and Level Five.

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