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Fisher from his book titled The Logical Trader Applying a Method to the. An A up (red line) occurs when the index breaks three points above the opening range.
The system he teaches is the one he and his 75-plus traders at MBF Clearing Corp. It is a breakout strategy that works best in volatile or trending markets with a special group of stocks and commodities (those with high volatility work best).
Just ask anyone at Fisher's firm what they think of the system, and they'll tell you it does.