A picture is worth a thousand words.  Let's walk through a few screenshots so you can see what the EZ2Trade Charting Collection can do for you...and your charts.

This first chart is a daily chart or end-of-day chart of the Dow Jones Industrial Average.  You can see Raghee Horner's Wave study which are the three magenta colored lines.  This is a market cycle and trend strength indicator.  (If you are not familiar with this powerful tool, don't worry, we'll teach you what to do with it in the subscriber's only page.)  You can also see the uptrend lines at work on this chart as well.  Notice there are multiple uptrend lines.  This is the best way to use uptrend and downtrend lines.  Other software programs or plug-ins find just a single line, but there are multiple levels and without knowing where they are you are open to be blindsided by support and resistance levels that were not marked on your chart!  Another powerful visual indicator is the color coded candles that tell you whether prices are on the strong or weak side of the Wave.  This is actually a tool we first introduced in version 1.0 and got so much feedback on it that we went back to work and tweaked it to show strength and weakness even better.

We have a simple philosophy when it comes to chart analysis here at EZ2Trade Software:  Chart analysis is all about price.   A chart of one market is really no different than a chart of another.  As long as it is a liquid (sufficient volume or open interest) price is price.  This approach allows the EZ2Trade Software Charting Collection to be used in any market and on any time frame.  Long term, short term, stocks, futures, or forex - it will work.  With that in mind, let's take a look at this next chart of the USD/CHF (U.S. Dollar/Swiss Franc) is showing how well the Collection works in the forex market.

This is a classic momentum set up.  There are only a few things you have to look at.  First, notice the flat, sideways Wave.  Raghee Horner calls it a "three o'clock Wave" clock angle.  Second, notice how the convergence of the uptrend and downtrend lines have formed a triangle pattern.  Think about this for a moment:  All patterns are simply different combinations of uptrend and/or downtrend lines, support, and resistance.  When they are all identifies on a chart, you can step back to see if they have formed a pattern.  Notice that the color coded candles transitioned from blue (neutral) to green (strength) as prices began testing the resistance of the downtrend line. 

Traders and investors rejoice!  You can finally sift through all the "noise" and find clear set ups on the charts.  Another key philosophy of any chartist is that the news and fundamentals in already discounted into price.  That means that when you look at the charts you are also looking at news, economic reports, and current market sentiment that has already been "baked into the cake". Take a look at this end of day chart of IBM.  Here's another classic momentum set up.  Notice the neutral color coded candles and the three o'clock Wave.  Price on this chart broke up through the downtrend line resistance of the triangle and triggered the trade long.  We'll also show you how to confirm momentum trades using the MACD Histogram in the Expert Trading Plan for subscribers.

On this next chart of the Five Year T-Notes, you can see yet another momentum set up.  One of the great features of the software is the ability to trade chart patterns the correct way.  Here's a quick tip:  Triangles and Rectangle patterns (both of which you can identify with the EZ2Trade Charting Collection) are consolidation/congestion patterns which means they are most accurate when the market is range bound.  The Collection allows you to quickly identify range bounce markets with not only the clock angle of the Wave but also the color coded candles. 

It's not all about end-of-day or daily charts either.  The Collection works like a pro on intraday chart too.  Here you can see a 60 minute chart of the U.S. Dollar Index with the EZ2-Fibonacci study activated.  Many traders know about Fibonacci analysis and also know how powerful it can be when looking for support and resistance.  However many traders find themselves throwing their hands up in air and giving up when trying to apply Fibonacci to their charts.  Raghee Horner has been studying Fibonacci analysis for over fifteen years - it's one of her favorite ways to set profit targets.  In fact the first time our programmer showed her the EZ2-Fibonacci study she said, "Where were you when I needed you ten years ago!?"  She also made a request:  Automate the process of finding minor lows and minor highs so that traders can learn to find the last major move and draw Fibonacci levels manually as well. So we did that too, it's call EZ2-Minor Hi/Lo.  Whether you want to use the automated Fibonacci or use the automated Hi/Lo study and draw your Fibonacci levels manually, we've got you covered.

We talk to a lot of E-Mini traders as well, S&P 500, NASDAQ, Russell.  The E-Minis are a popular contract to trade intraday.  Let's take a look at another intraday chart, the five minute S&P 500 E-Mini futures contract.  The automated EZ2-Support/Resistance study along with the Wave and color coded candles show a strong uptrend and a trendline break.  These are cues that intraday traders look for.  Our automated tools do not need to be refreshed and will automatically adjust and plot new lines as well as remove old lines - all in real time!

Intraday traders also use pivots and pivot points as clue to what floor traders are watching.  Pivots can be used in any market and they are a favorite of stocks and futures traders.  This next chart of the 30 minute U.S. Dollar Index shows the support and resistance of the pivot point as well as the high, low, R1, R2, R3 and S1, S2, S3.  These are all powerful psychological levels that many traders will be watching, especially the pivot point (labeled as "PP").  Here's a trading tip:  When prices are trading above the pivot point that is considered bullish; when prices are trading below the pivot point it is considered bearish.  Now this alone is not a reason to buy or sell, but knowing how to measure market sentiment is very important and just like when a stock or futures contract goes positive or negative on the day, when price go above or below the pivot point there is a shift in sentiment.  One of the most powerful feature of the EZ2-Pivot is the control to be able to set the start and stop time of the session.  Since forex does not have an "official" open or close having this control is a necessity!  For futures traders trading markets like crude oil, corn, or cocoa will also need the flexibility to change the session open and close.  Without this control, you are very likely using incorrect pivot levels!  You won't ever have that problem with EZ2-Pivots.

One of Raghee's favorite markets to trade is Cocoa, so this one's for you Raghee!  This 30 minute chart of Cocoa futures points out one of the most valuable benefits of the EZ2Trade Charting Collection:  Identifying trending markets early on.  Here you can see a triangle pattern as formed by the automated uptrend and downtrend lines but the warning here is the upward angling Wave and the green candles.  The green candles let you know that the market is strong and the upward angling Wave confirms the uptrend. This signals us to wait for a pullback and is known as swing trading.  A swing trade is a corrective entry within the context of a trend.  In this example the trend is up and the move higher has already occurred.  The market is currently pulling back, this is a correction.  Notice that the color coded candles are still green which let's us know the market is still strong so this is a buying opportunity.  And here's a helpful trading tip:  Swing trade entries often can feel uncomfortable because they are buying dips in an uptrend and selling bounces in a downtrend.  This entry is contrarian in some ways because you are buying short term weakness or selling short term strength.  But remember in this example, the Wave is heading up and the candles are green so the overall trend is up.  Having these types of visual cues helps confirm this and it is invaluable during the trading set up process.

One of the most popular studies we have is the candlestick pattern automated tool we call EZ2-Candlestick.  Take a look at the daily chart of Corn futures.  We have activated the tool which identifies a number of the most popular candlestick patterns trader follow plus, for those budding script writers among you, we give you the option to even write your own!  Within a click of the mouse you will be able to see all the candlestick patterns that are on any chart, intraday or end-of-day.  Notice the Bullish Engulfing (+Eng) and the Bullish Harami (+Harami) near the 350'0 level.  Candlestick patterns are powerful stand-alone tools but they are even more powerful when they occur in conjunction with support and resistance levels, psychological numbers, Fibonacci levels, and pivots.  Having candlesticks act as a secondary or primary confirmation tool is an excellent addition to your trading...and the EZ2Trade Charting Collection.

The EZ2Trade Software Charting Collection is a plug in package for eSignal Premier.  An eSignal Premier subscription is required to run the software.