Traders use charts to find good patterns. When a good setup appears, any experienced trader recognizes it, and can profit from it. If you trade the market, you've experienced these good trades. You just want to capture more of them, and even more importantly, stay out of more bad trades.

The difficulty with trading is that these good patterns are rare and infrequent. So we often lose patience, see patterns that really aren't there and over-trade. In choppy markets, it takes super-human discipline to stay out of the markets.

How do you become more consistent? One way is to use a computerize scanning service, like TradeScalper.com. TradeScalper.com scans the Index and Forex markets, to provide daytrading signals. Tuned for today's volatile markets, TradeScalper provides the most accurate daytrading signals of any system offered on the web. Lofty claims? Stay tuned...

Tracking Current Trends

The following table lists the current trends for the markets that tracked.

9/3/2010 9:00:56 PM
SymbolCurrent PriceChangePivot PriceMovePivot TimeTrendActivity
USD.CAD1.03915+0.000851.0431-0.0039511:15 Quiet
EUR.USD1.28985+0.000451.287+0.0028511:20 Quiet
GBP.USD1.5447-0.00211.5437+0.00109:56 Quiet
S&P SEP E-Mini1103.25+0.001103.50-0.2515:45UpBusy
Nasdaq SEP E-Mini1867.50-2.501869.50-2.0015:59UpBusy
Dow SEP E-Mini10430.00-3.0010425.00+5.0015:44UpBusy
Crude Oil OCT E-Mini74.34-0.0274.28+0.0615:52 Quiet

Want to learn to stop overtrading? It's simple. Trade only busy markets that are trending. And avoid quiet or choppy markets. With our Trade Time Alert, we'll identify market activity as Busy or Quiet, and market direction as Choppy or trending.

Our proprietary Active Pivot gives you a simple number to look for, instead of multiple support and resistances. Just look at how the market behaves near this Active Pivot Price, and you can gauge the next move. This is extremely valuable, and provided free on our site.

The current trend listed in the table above keeps you on the right side of the market. Knowing the trend lets you avoid being short during an uptrend, or long during a downtrend. In addition to keeping you on the right side of the trend, TradeScaper provides precise timing based on pullbacks in the market. Again, as all winning traders will tell you, in an uptrend you buy dips, and downtrend you sell rallies.

In Summary, TradeScalper simplifies your trading decisions by:

  1. Clearly identifying the current trend for your trading market. Instead of constantly switch to longer-term charts for prevailing trends, you can focus on the 1-minute chart for your chart pattern setups.
  2. Clearly identifying the Active Pivot price for your trading market. Price action will tend to move away from the pivot, as it behaves as either support or resistance.
  3. Generating Trading signals based on the correct Timing of the pullback. Our timing model uses price action, not inaccurate fibonacci levels or late acting indicators like moving averages.
  4. Alerting you so that you can be productive doing something else when it's not time to trade, and trade when it's time to trade.
  5. Giving you all the information you need to be purely objective in assessing trading opportunities. You will no longer be hostage to your emotions, nor make stupid rookie trading mistakes like trying to make back your losses, or jumping on a hunch to lose your hard-earned gains.

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