Spike-35 Trader’s Manual by J.D. Hamon presents one of the most practical and mechanical trading systems designed for commodity and futures traders. Originally published in 1984, this manual distills Hamon’s decades of market experience into a precise, rule-based approach that removes emotional decision-making and emphasizes consistent execution.
The Spike-35 System is built on 35 iterations of testing and refinement, combining the timeless principles of Dow Theory, Elliott Wave, Gann analysis, price patterns, and the Weekly Rule. Instead of trying to catch exact tops or bottoms, Hamon’s strategy focuses on capturing the most reliable “slice out of the middle” of market moves. This makes it adaptable to both trending and choppy markets, with built-in safeguards to reduce risk exposure.
The manual guides traders through the core concepts of high and low point identification, trend-change rules, entry/exit signals, and re-entry techniques. Detailed trade-by-trade examples, performance summaries, and chart workshops are included, enabling readers to practice and validate the method themselves.
With its straightforward design, this system can be run with just a few minutes of daily chart work, making it an ideal choice for busy traders. Spike-35 Trader’s Manual remains a respected classic for those seeking a disciplined, mechanical approach to trading.
✅ What You’ll Learn:
- The mechanical rules of the Spike-35 Trading System for consistent execution
- How to identify high-points (HIPs) and low-points (LOPs) using volatility filters
- The two Change of Trend rules (HIP/LOP Rule and the Thirteen-Day Rule)
- Precise entry, exit, and re-entry signals to maximize profits and minimize losses
- How to apply the system in choppy, sideways, and trending markets
- Methods for managing drawdowns and protecting capital with stop-loss strategies
- How to integrate Dow Theory, Elliott Wave, Gann techniques, and price patterns into a unified system
- Step-by-step practice with Chart Trading Workshops and trade-by-trade results
- Principles of money management and diversification for sustainable profits
- How to avoid emotional decision-making and develop a disciplined trading mindset
💡 Key Benefits:
- A fully mechanical trading plan requiring minimal daily time
- Tested on multiple commodities over a 3-year period with consistent profitability
- Designed for traders with small accounts
- Proven ability to handle both trending and choppy markets
- Includes workshops and performance tables for hands-on learning
- Reduces emotional errors through clear rules for entries, exits, and re-entries
👤 Who This Book Is For:
- Commodity and futures traders seeking a rule-based trading system
- Beginners who want a clear, mechanical method with no guesswork
- Experienced traders looking to add Gann, Dow, and Elliott-based insights into their strategies
- Traders with smaller accounts who need a safe and realistic approach to grow steadily
📚 Table of Contents:
- General Information
- The Spike-35 System
- Defining High-Points (HIPs) and Low-Points (LOPs)
- Change of Trend Rules
- Rules for Entering the Market
- Rules for Exiting the Market
- Re-Entry Rules
- Congestion Trading
- Summary of Trading Requirements
- How to Trade Spike-35
- Treatment of Limit Days
- Optional Exit Rules
- Optional Re-Entry Rules
- Trade-By-Trade Results
- Chart Trading Workshop
- Money Management
- A Personal Note