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Dear fellow trader,
For the first time I can share
with you my time saving, accuracy-increasing tools and strategies.
How? With eSignal you can now automate time-consuming charting
analysis without the "mystery" of black box systems!
These are the classic tools like trendlines, Fibonacci, support and
resistance, and candlesticks patterns that I use day in and day out in
the FOREX, Futures, and Equities markets.
But I'm getting ahead of myself...If
you'd like to know a little about me, click
here.
For over a decade I've been
studying and testing trading strategies, and teaching people
all over the world the charting skills that I found make the difference
in trading. It took years and literally thousands of hours to
learn and use these tools with confidence and accuracy.
When I began teaching one of the main
issues that continually arose was that even though my student were
bright, computer literate and motivated, the skills took time to master
and even longer to use with confidence.
You see, I took for granted how
quickly and easily I did my analysis because I have been at it for over
a decade. It wasn't always that way. Time and practice makes
perfect and it was a challenge to pass my years of experience on to
others, no matter situation. I had already spent years watching
live market action, made mistakes, and learned from them and that's when
I asked myself: "What
if I can automate what I do -- my charting analysis techniques -- for my
students?"
When I first began trading I actually
used old engineering paper -- you know, graph paper -- to chart
open, high, low, and close. I would do this by hand, every day.
I also would plot my moving averages by hand. It was time
consuming to say the least. Then came charts and indicators that I
could receive via satellite. It was delayed and not always
reliable, but it was certainly a large step forward in ease of use and a
huge time saver for me.
Next came the internet. My 14.4
modem was amazing. Sure it was s-l-o-w...but this was a glimpse of
the future. As the internet evolved so did the tools traders could
benefit from: Online order entry, instant executions, price
quotes, real time charts and indicators.
Now we are experiencing something just
as exciting. The ability to automate the once time-consuming
process of chart analysis.
These tools automate the Fibonacci
Levels and Trendlines. That may sound simple, but these tools do
so much more than that. The
software works on intraday and end-of-day charts and automatically
recalculates the lines and levels as new price action changes.
You can also activate a "play-back" feature* that will allow
you go back in time to see how the levels were created. The
Trendline Tool give you minor and major levels and also adjust when new
trends develop or when existing trendlines are broken. The
Fibonacci Tools overlays the exact levels we use in our day to day
trading and will automatically adjust to the latest "major
move".
No more guesswork. This software
is just like having a professional trader draw your lines and levels.
My students asked me how to help them learn faster, draw more accurate
lines and levels, and save time when doing their analysis. We did
one better: all that PLUS removing fear, greed, and emotion from their
trading!
But what I am talking about is so much
more than simply plugging in a piece of software...we all know that
trading is not blindly following a "black box" or
secret indicator! We can now use software to automate
traditional charting tools and because
1) the analysis is
automated and...
2) the strategies
are methodical
A picture is worth a thousand words so
how about I show you a recent example of what my software can do!

The above is a view of
the Ez2 Trendline and Ez2 Fibonacci software at work on an
end-of-day chart of the Eurodollar FOREX. Notice that there are a
total of three uptrend lines. This will enable traders to
differentiate between short and long term trends. You can see the
short term trendline was recently tested when prices came right down to
and it and bounced off. The current Fibonacci Levels are in place
and the uptrend line coincides with the .786 Level at 1.26339.
Below is the very next
trading session.

Note that prices are now
testing the uptrend line, but is still holding as support. Again
these levels are totally automated, so there are no parameters to tweak.
And let's face it, most "systems tweaking" typically leads to
curve fitting. We make that a distant memory as we allow the
software to simply gauge price action and calculate the tools
accordingly. Let's look at the next day:

We see here, clearly,
that the trendline was broken as the candlestick closed below the
uptrend line and the .786 Level. What's even more interesting is
that the 1.000 level are 1.2562 seems to be holding as short term
support. However, you and I both know that entries are only half
the trade, exits can be even more important...and tricky. Here is
the next trading day:

This chart is vital to
trade management. Prices have sliced through the 1.272 Fibonacci
Level and are now at our last level, the 1.618 at 1.23544. And
I'll give you a smart trading tip. Trading is most
effectively done with multiple contracts because they allow a trader to
pocket profits as the trade moves in their favor. Don't believe
the hype surrounding adding to positions, pyramiding, etc. It is a
traders job to take profits off the table but also let profits run which
can sometime seem like two objective at odds with one another.
When a trader enters with multiple contracts, they can easily set
multiple profit targets and exit as each one it met. This allows
for the position to carry over as the trend persists. Examples,
lessons, and strategies are outlined step-by-step with tons of analyzed
charts in my manual.
EZ2Trade Software will save you time, increase your accuracy and your
confidence!
The Ez2 Fibonacci Levels
are the best tool for following the trend and exiting positions within
the trend. The philosophy is one of exiting when you can
not when you have to
as far too many traders do. Far
too often traders leave exits and stop losses to an arbitrary point on
the chart or some fixed percentage level. Both make no sense
within the context of price action. But I seem to have gotten
ahead of myself again...Let's just remember that it is with these very
Fibonacci Levels that we can manage this short trade example and decide
upon profit targets and stop-losses. Without these levels a trader
would only have half the picture.
Let's fast forward

Prices reached the final
Fibonacci Level at 1.618 where prices bounced sharply after a brief
pause (the small bodied candle at the 1.618). Now if a trader did
not know that level was one to take some profits off the table you can
see what a big portion of their profits they would have given back.
Also keep in mind that by the time prices reached this level there would
have been more than one opportunity to take a part of the position
"off the table". These are all rules within a trading
plan that can only be executed when the correct lines and levels are on
the chart.
This final chart also
shows that the Fibonacci Level has adjusted to the direction change.
Just as on the way down the Fibonacci Levels were all potential support
levels, now that the trend has shifted to the upside, the Fibonacci
Levels will also represent potential resistance levels. For
more charting examples of what EZ2Trade Software can do sign up for my
FREE Newsletter.
Whether you trade FOREX,
Futures, or Equities...Intraday or End-of-Day, EZ2Trade Software will
work for you. Because the software is designed to use the best of
time-tested, traditional tool with the technology of today to get the
bets of both worlds.
No more "black
box" systems, and forget other curve-fitting systems that simply
don't work. With the Ez2 Trendline Tool you can automate you long
and short tern trend study as well as recognize many chart
patterns...because remember chart patterns like triangles, channels, and
wedges are simply trendlines. The software even shows you major
support and resistance levels.
With Ez2 Fibonacci, you
no longer have to worry about finding the last major move or adjusting
your Fibonacci Levels when price action shifts...the software will
recalculate automatically.
Click
here to see
charting examples of the FOREX market. You can also check out
first hand of these tools work on the intraday S&P
500 futures contract, and more.
This is the exact
software I use in our day to day trading and it has allowed me to
seamlessly analyze multiple markets and multiple time frames with ease.
Just like many of you, I often used to find myself with not enough time
to do the sort of thorough chart analysis successful trading demands.
I automated my own
chart analysis for many of the same reasons other traders seek to as
well: save time, increase accuracy and remove fear, greed, and
emotion from our analysis!
Yours in Trading,

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