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Chart Patterns that EXPLODE your trading! note: this is NOT narrated – go at your own pace ©2010 ProAct Traders LLC www.proacttraders.com.

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Presentation on theme: "Chart Patterns that EXPLODE your trading! note: this is NOT narrated – go at your own pace ©2010 ProAct Traders LLC www.proacttraders.com."— Presentation transcript:

1 Chart Patterns that EXPLODE your trading! note: this is NOT narrated – go at your own pace ©2010 ProAct Traders LLC www.proacttraders.com

2 Trading Futures, Options on Futures, and Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The information contained on this email does not constitute a solicitation to buy or sell by ProAct Traders LP., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Trading Futures, Options on Futures, and Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The information contained on this email does not constitute a solicitation to buy or sell by ProAct Traders LP., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law.

3 Chart Patterns ► Are VERY POWERFUL additions to your trading ► They give you the “HEADS UP” on what to look for ► You can learn them at http://proacttraders.com/content/chart- patterns or FXDD has a FREE MT4 Metatrader add on with Auto Chartist that automatically keeps track of them for you http://proacttraders.com/content/chart- patterns http://proacttraders.com/content/chart- patterns

4 Why we like them? ► When a pattern sets up – ALL PROFESSIONAL TRADERS know how to trade them ► They have a statistical high probability and therefore, when the pattern breaks hundreds of thousands of traders enter these trades ► That creates MOMENTUM and the ProAct charts will capture that momentum via a White Dot or a Painted Candle and Arrow on a Wild Card template/Royal Flush template

5 Which Ones? ► All of them are great but these 4 are the most powerful for us: ► Bear and Bull Flags ► Ascending and Descending Wedges ► Triangles are also very strong! ► Let’s look at them – first just a sampling of patterns ( and there are more)….next

6 Courtesy of Autochartist

7 Bull Flags Pattern says this breaks North

8 Note: our signal Result

9 Bear Flags Pattern says this breaks South

10 Note: our signal Result

11 Typically… ► The distance of the Flagpole going into the flag ► Will equal the distance out- a great target so DON’T CLICK OUT FOR 5!

12 This usually equals…. this

13 Descending Wedges Pattern says this breaks South

14 Note: our signal Result

15 Ascending Wedge Pattern says this breaks North

16 Note: our signal Result

17 How do you learn them? ► It takes a MINIMUM of 300 images in your brain’s database to recognize them so you have to draw each pattern manually ALL AT ONCE in the Charts that many times BUT…. ► It takes 24 hours to create a retrieval system to access the brain’s database ► That means that you do ONE PATTERN on ONE DAY and then take ONE DAY off before starting another one.

18 These patterns … ► Tell you want to look for NEXT ► WAIT for your signal on the break of the pattern or just before the pattern breaks ► Still trade the rules of a Wild Card, Royal Flush RF1010 or 6 aces depending on your relationship to THE DESERT ► Hope this helps!


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