Answers
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EXAM ANSWERS BELOW:
1)
ANSWER: This is a bullish Headshot strategy.
2)
ANSWER: This is a bullish Double Dot strategy.
3)
ANSWER: This is a bullish Enigma Moonshot.
4)
ANSWER: This is bullish P-PRZ ladder.
5)
ANSWER: This is a bullish Power Shark Tail.
6)
ANSWER: This is a bullish Double Cross Reversal (DCR).
7)
ANSWER: This is a bearish Enigma Shark Tail, colloquially known as a "Shargma."
8)
ANSWER: This is a trick question - there is no such thing as a correct SMLK Timing zone. Each SMLK Timing line has its own purpose. The Small is for smaller target trades and this increases to the King which has the potential for the largest profit target. If you are looking for a very small scalp then using Small or Medium timing may suit the situation.
9)
ANSWER: This is a bullish Shark Tail.
10)
ANSWER: This is a bearish Shark Tail.
11)
ANSWER: This is a bearish Power Enigma Moonshot.
12)
ANSWER: This is a superUP 2 Finger Salute, highlighted by the square and provides 3 estimated target lines.
13)
ANSWER: This is a bullish Crab HarmoniDot (HMD).
14)
ANSWER: This is a bullish Plover.
15)
ANSWER: This is a bullish Ignition Bar.
16)
ANSWER: This is a bullish PRZ Cross.
17)
ANSWER: This is a bearish Shark Back.
18)
ANSWER: This is a bullish Cluster Reversal strategy.
19)
ANSWER: Pink FibElliDotts are bearish signals unless they become pierced.
Is This Bullish Or Bearish?
20)
ANSWER: This is a trick question - a yellow Enigma can be bullish or bearish depending on context of other charts and signals, as it indicates that the MACVU color coding option is being used, which means the MACVU shows Neutral - price has a higher probability of going in either direction.
21)
ANSWER: Blue Enigmas are usually bullish.
22)
ANSWER: This is a bearish Butterfly P-PRZ as price is above the P-PRZ. If the P-PRZ is confirmed, it could become a green bullish Butterfly - remember, trade nothing alone.
True or False?
23)
The 2 week trial is 100% free to try, with no obligations and no credit card necessary.
ANSWER: True
24)
The AlgoBox™ Speedometer Psychology Module speed threshold can be customized by the user.
ANSWER: True
25)
AlgoBox™ can automatically show you the contract rollover date on the chart.
ANSWER: True
26)
MACVU indicator includes gold and crude oil order flow but not FDAX.
ANSWER: False
27)
300 BPM is the best speed for trading.
ANSWER: False
28)
The AlgoBox™ Trade Copier is only available for Enigma users.
ANSWER: False
29)
Vinny E. Mini likes to "sit on hands" for news releases up to 5 minutes after the release.
ANSWER: False
30)
FOMC usually takes place at 14:00 Central Time, on the first Friday of every month.
ANSWER: False
Multiple Choice
31)
How many types of stops are there in the AlgoBox™ trading system?
A) 2 B) 3 C) 4 D) 5 E) 6 F) 7
ANSWER: There are two correct answers, if you answered D and F. There are 4 types of chart stops: Box, Dot, Cross, and Triangle. There are also session time stops (e.g. 12:00pm EST Lunch Time), trade count per session (5+bonus), and max loss per day.
32)
How many attempts could be made, for the same trading setup that appears?
A) 1 B) 2 C) 3 D) 4 E) 5 F) 6
ANSWER: 2 Try Rule
33)
Ideally, how many trades should be taken, per session?
A) 2 B) 3 C) 4 D) 5 E) 6 F) As many as I please
ANSWER: If you answered D & E you are correct. Click here for details. You are also correct if you chose F. You can trade however you want, as you are responsible for your own trading.
34)
Vinny E. Mini teaches to trade how many trading sessions per day?
A) 1 B) 2 C) 3 D) 4 E) 5 F) The whole day is 1 trading session to me
ANSWER: If you answered A or B you are correct.
35)
Ideally, how many hours should you wait between trading sessions?
A) 1 B) 2 C) 3 D) 4 E) 5
ANSWER: B, click here for details.
36)
What is the default hotkey combo for measuring tick distance on a chart?
A) ALT + T B) CTRL + T C) ALT + Y D) CTRL + Y E) ALT + CTRL + Y F) There is no hotkey for that
ANSWER: D
Explain Your Answers
37)
You are hearing only the high pitched "clacking" of AudioBox in succession and an bearish red Enigma shows up - if you decided to enter a trade - are you going short or long? What else are you taking into consideration?
ANSWER: Possibly long. You must consider Order of Operations, confluence, time of day and market speed.
38)
At what point/when should a new AlgoBox™ user start trading J-Hooks?
ANSWER: At least 18 months after completing the 120 Training Program.
39)
What does a Double Delta signal mean? How are you going to utilize it?
ANSWER: When a Double Delta shows up, it means there could be a potential opportunity coming soon, so READY UP!
40)
Explain the FOMC trading rule(s) and why it exists.
ANSWER: On the day of FOMC, price usually trades towards the Golden Ropes before the FOMC news release time potentially because large institutions could be sitting on the sidelines waiting for the news to come out before taking their positions, since it is likely a safer bet for them.
Congratulations!
How did you perform on the exam? If you scored 32/40 or higher, consider it a successful PASS! We encourage you to share your results with us in our Free Trade Room.
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