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Are you still chasing big moves and being disappointed every time? Or worse yet, are you buying lows and selling highs, only to get stopped out every time? What are the best times to trade, if you want to trade high probability setups? The best trade setups are the inside retracements (ie, not new highs or new lows), when the market appears quiet but still has plenty of volume. But it is precisely these times that lull most traders to sleep. TraderScalper.com provides signals for these high propability setups, using automated pattern detection. In short, it alerts you to trading opportunities when you should be trading... before the big moves happen. TradeScalper is a proprietary pattern detection system built for fast moving markets, using raw market data as input. It is not built using Metatrader nor TradeStation, and thus are not bound by their limitations. TradeScalper is not an automated trading system. It does not provide trading system parameters like take profit targets and stop losses. Our signals are intended to be used to alert you market entry opportunities, as part of your semi-automatic trading system. So please make sure that TradeScalper signals fit your trading style, by subscribing to our free trial. The following table lists the signals triggered for the most recent trading day. The TradeScalper system identifies around 5-20 signals per day, over 7 different markets, with more than twice winners than losers on trendy days. On choppy days, with small spikey moves, the system is smart enought to identify fewer signals. That's the hallmark of a great trend-following system: the ability to stay away from bad trading environments. TradeScalper.com publishes daytrading signals in real-time for you to see what patterns the signals correspond to. How do you trade these signals? When a signal is triggered, the market tendency is identified for the next 30 to 45 minutes. For example, if a BUY signal is triggered, you'll be looking for long trades. We recommend a profit target of 20-50 Dow points, 3-6 SPX points, 5-10 NQ points, 30-80 CL cents, and 20-80 currency pips. Your targets will depend on support and resistance levels, which you must identify from the charts. Stop loss orders should be placed at less than half your profit targets, which is very tight, ie, 10-15 Dow points, 10-20 pips. Tight stops work because TradeScalper signals are very TIMELY and ACCURATE. TradeScalper detects only the best high-probability trade setups. As a scalper, you have to be patient enough to wait for the best patterns, not just any good pattern that looks valid. You need to wait for a nice deep retrace, one that doesn't break the primary trend. Even if you're in the biggest move of the day, you would only let your profit run for a maximum of 15 minutes, to your pre-determined targets. Often your targets will dictate whether you enter the trades, whether the rewards are worthwhile compared with the risk. For beginners, try to restrict yourself to trading a single instrument, maximum 4 trades per day, based on the best chart patterns. Especially when you're learning, don't overtrade. E-mail us with your comments. For free real-time signals by e-mailed, click here. Copyright 2009 by Trading Support Technologies Inc. All rights reserved.
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