THE GOODMANWave Theory

The Goodman Library · GFG

Cover of Goodman for Grasshoppers, by Michael Duane Archer

Goodman for Grasshoppers

A Quick-Start Guide

The first hour with Goodman.

Five parts and one honest instruction repeated twice: do not judge this by fewer than ten trades. It is the shortest road from never having heard of Goodman to placing a Goldilocks trade on a micro-lot account.

$97

Buy this book

Or the whole Library — $2,497.

PDF · 3rd edition, 2023

What’s inside

  • Part 1 · The Goldilocks Setup
  • Part 2 · The 6 & 6 Setup
  • Part 3 · Outward Analysis
  • Part 4 · Trading the Goodman Line
  • Part 5 · The Ledger

Who it is for

Written for the new Goldilocks trader. The book puts you on a micro-lot account, has you liquidate one lot at the Under count, and tells you plainly that you are still near the top of the Goodman Smoothie.

What it assumes you know

Goodman vocabulary is used without much definition — 1-2-3s, BP/EP/TP, the 3-C Principle, the Dagger. A MetaTrader chart and an understanding of pips and spreads help.

Where it sits in the ladder

  • Read first: nothing. This is the first rung.
  • Read next: Over the Over

A plate from the book

Schematic

The Goodman Smoothie

Start on the big picture and work down. Each level narrows the question until only the trade is left.

The wide view Narrowing The trade
The funnel from the book's own cover: work down to the trade. · schematic, not to scale

From the book

“Avoid drawing ANY conclusions before you have made at least 10 trades!”

“In the long run many things will work fine – it is inconsistency that does not work.”

“Don’t draw big conclusions from little data.”

Buy Goodman for Grasshoppers · $97

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.