ebook Chapter 3
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Chapter 3
Trading System Background
As a result of my Astro-Archaeological discoveries, I have created just over a dozen different proprietary technical indicators for cycle analysis of all types. They each work a little differently from one another and they work especially well as a group. I use a number of them when creating some of my forecasts.
However, as of this new, latest Edition of the e-book, and my most recent discoveries and improvements only a few months ago, I only use TWO indicators for simple, manual trading rules in real-time. This may seem hard to believe, but it is 100% true; just TWO indicators.
Our Trading System is based on a few very simple and specific rules which I will be explaining to you in the next, brief chapters. When applying the Trading Rules, it's only necessary to use a very small amount of human judgment as you make your trading decisions. It is hard to go wrong when you follow the rules closely.
Our main Trading System works on 360-minute (6-hour) price bars. Some of our MARKET WEALTH LIVE subscribers complain that this 360-minute Trading System is very slow and boring for them during the trading day. They are used to working in 3-minute, 5-minute and 15-minute time frames.
Working in those shorter time frames, a trader must be fully, mentally involved in the work for the entire trading day. There is hardly time for a snack or a bathroom break. That is a lot of work and a lot of dedication. It is also quite addictive. And, interestingly, most day traders have a lot of losing days! In fact, many day traders blow out their entire trading account much faster than longer time frame traders.
How do I respond to the criticism of having developed a very slow and boring Trading System? I must say, “I agree!!!” Yes, it is boring. However, my Trading System is specifically designed to make money and not to entertain you or to keep you busy during the trading day. Actually it is quite the opposite.
Please let me explain something...
Once I made my discovery and realized just how good it was, I immediately began a huge testing program to see which time frame would be the most profitable. That was my first criteria; profitability. I tested everything. As it turned out in the end, my trading system was most compatible, stable and profitable in the 360-minute time frame.
And, as a completely unforeseen bonus, the 360-minute time frame allows you and me to have tons of freedom and time during the trading day to work on all kinds of other projects and opportunities. Especially with the automatic e-mail alerts in place, we only need to briefly glance at the trading screen once in a great while as the day progresses.
For me, this is the best of all worlds. And this is why you can be on the go, be on vacation or just be doing nothing while the Trading System quietly and slowly ticks away earning you a small (or large) fortune. I assure you, our quiet, slow-poke Trading System earns more money, per contract size, than most professional traders ever dream of.
IMPORTANT FOR YOU TO KNOW!:
Automatic e-mail alerts are sent out to all subscribers of MARKET WEALTH LIVE, both for the NASDAQ and for the two currency pairs in the Forex markets. Each automatic e-mail alert is clearly labeled as to what the instrument is, its condition, and what you should be watching for.
Please, let me be very clear, these are only alerts, not trading signals. When an alert arrives, you must either look at our shared trading screen or your own charts, and then make your own trading decisions.
As you will see, I have assigned planetary names to our indicators. There is a very interesting reason for this. I’ll be providing a full explanation at some time in the future.
Once you become familiar with these indicators, their behaviors and our simple Trading Rules, you will see how amazingly easy it is to apply them successfully for excellent market profits each week. You will soon develop the ability to simply glance at the indicators on any price chart and immediately know whether you should be in a market position or not.
I will now explain each of the two indicators to you in some detail. After that, I will explain how I use the indicators to make simple, real time trading decisions. I will also show you a third indicator that we use for convenience to simply give us a "heads up", well ahead of our likely market entry and exit points.
NEXT
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Title Page and Preface
Introduction
Table of Contents
Chapter 1 My Discovery
Chapter 2 Going Public With My Discovery
Chapter 3 Trading System Background
Chapter 4 Our Two Indicators
Chapter 5 Our Trading Strategy
Chapter 6 Our Trading Rules
Chapter 7 The MARKET WEALTH MATRIX
Chapter 8 Your Automatic e-mail Alerts
Chapter 9 Your Final Preparations for Market Wealth
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email Stan at: sdgrist@yahoo.com
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copyright Stan Grist 2008 - 2009
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