Second Chance Entry in Goodman Wave Theory (Don’t Panic)
Missed your first entry? Learn how Goodman traders use the Second Chance after a Dagger entry in Goldilocks and Molokai Setups.
19 Jun 2025 · 4 min read
The blog
Notes from the house of Goodman
Chart studies, market notes and Charlie Goodman stories from Michael Duane Archer.
Father’s Day: Charlie Goodman, My Second Father
Christmas Day 1975, a forgotten promise and one phone call from Charlie Goodman: a Father's Day story about the man behind Goodman Wave Theory.
15 Jun 2025 · 3 min read
How to Trade the 1-2-3 Pattern: Other Goodman Methods
Goodman Wave Theory isn't the only way to profit. Michael Archer on Taylor's Trading Technique, Pugh, Trident, and other 1-2-3 methods that came before and after.
14 Jun 2025 · 4 min read
Reverse Pigtail: Charlie’s Lesson on Chart Formations
Charlie Goodman read chart formations as buyer-seller struggles. Learn the seven-step Reverse Pigtail, how to enter it and set the objective.
14 Jun 2025 · 5 min read
Fighting the Trend: Charlie Goodman’s Speeding Ticket Lesson
A speeding ticket, a losing trade and one piece of advice from Charlie Goodman: don't fight a trend you can't win. A short, memorable trading lesson.
13 Jun 2025 · 2 min read
The Pigtail and the Weak Sister: Two Goodman Spot Plays
Two Goodman spot plays explained: the Pigtail, a parallelogram hinting at a lower-time-frame 1-2-3, and the Weak Sister, a warning inside a Setup.
13 Jun 2025 · 5 min read
Most Likely Consequent: Charlie Goodman’s Chart Lesson
Why did Charlie Goodman keep a drawer of new brassieres? A story of kindness that became a lesson in the 'most likely consequent' of a propagated 1-2.
13 Jun 2025 · 3 min read
Paper Trading: Yes or No? A 50-Year Trader’s View
Is paper trading worth it? Michael Archer explains why easy wins mean little, why to trade micro lots, and how to dry-run a pattern one bar at a…
1 Feb 2025 · 3 min read
The Goodman Return Point: A Quick Butterfly Trade
A quick Goodman trade for busy traders: use the Return Point of a Jumbo 1-2-3 and a secondary swing 1-2-3 to predict a Knot. Rules for entry, stop…
28 Jan 2025 · 4 min read
Indicator Battery: Combining Moving Averages and Momentum
Moving averages work in trends, momentum works in sideways markets. Michael Archer explains the Indicator Battery and how to filter one signal with the other.
24 Jan 2025 · 3 min read
The list
One letter, when there is something to say
Charlie wrote to his students. We do the same: a new plate, a chart worth looking at, a note when a book is finished. No schedule, no sequence, no selling to you every Tuesday. Leave when you like.
We keep the list ourselves. It is never sold, rented or shared.