Here’s a quick update on the markets and some great news about a better charting service we’ve found for you!
First, the markets.
I really get a sense of the markets calming down, and trading more technically. That’s great news for us, and remember, it doesn’t matter if the markets go up or down. If they go up we mainly trade the bull flags and if they go down, we’ll trade the bear flags. We’re currentlyin earnings season which can throw a few surprises, and there’s also the small matter of the US election to consider. But all that will be over soon and we can get back to making windfall profits.
Talking of which, some of our more experienced Flag-Traders have been trading throughout October with reports of over 20% increases in their trading accounts! That’s amazing trading given the wildness of the markets, so congratulations!
Now, about those charts.
We’ve been searching for something better than Yahoo, and we’ve found something better than Yahoo! The good news is that we’ll be embedding them into the TradeFinder area in the next few days.
For now, go to this link here, scroll down the page and you’ll see an interactive chart.
http://www.prophet.net/analyze/javacharts.jsp
Just for now you have to edit it to make it look more familiar. See this diagram below:
There are only a few areas to edit in order to make the charts a bit easier to see, but it only takes a few seconds. Also if you register there for free, you can save your settings.
Don’t worry though, later this week we’ll be giving you the option to link directly to these charts from TradeFinder if you prefer them to Yahoo! The big advantage of these new charts is that you can draw a trendline on them by simply single-left-clicking your mouse, and right clicking to delete.
I’ll be in touch again as soon as we’ve incorporated this into the TradeFinder.
In the meantime, keep monitoring the markets. They’re soon going to be where we want them.
Remember, when the patterns don’t look pretty, the software is telling you something important, and that in itself is highly valuable. Many so-called traders are in fact gambler … that’s not what we’re about. We find and trade the simple neat patterns that occur consistently around 70% of the time. We’ll get there again very soon, trust me. You’re now trained to recognize the good, the bad and the ugly! And we only trade the good. That’s one of the factors that gets our batting averages up. The other part is the money management side of things.
You’re on the right track and you will be rewarded for your patience.
All the best
Guy
