AbleTrend by John Wang & Wang Grace & Williams Larry

Author:John Wang & Wang, Grace & Williams, Larry
Language: eng
Format: epub
Publisher: Wiley
Published: 2010-03-19T04:00:00+00:00

Using Abletrend

Now, there’s a better way for traders to make smarter, more-informed buy, hold, and sell decisions. It is by using the AbleTrend concepts and trading software.

Buy when you see blue. Sell when you see red. What could be easier?

We believe that AbleTrend is one of the simplest ways for this purpose. With this software, every price chart is clearly color-coded for intuitive, easy trading—telling you when to buy and sell. There is no math or curve-fitting required. Best of all, you are no longer dependent on anyone else’s opinion. You know how to pinpoint the starting and ending points of trends. This knowledge alone will help you a great deal when it’s time to pull the plug and exit losing trades.

One of the most effective methods to cut losses short is the accurate use of stops. The question is where to place stops so that they are true and reliable, sitting at actual support or resistance levels, but at the same time are not likely to be easily hit, allowing one to stay in the market to catch the big trend moves. Many AbleTrend users know they have a friend called Trend2 that is designed just for that purpose. As many AbleTrend users frequently say, “Never fight with Trend2.”

With AbleTrend, you buy when you see a blue dot and sell when you see a red dot. It’s a totally mechanical system, eliminating guesswork, emotion, and subjective judgment.

If you feel you need more information so you can trade with confidence, you can simply click on the blue to see support, and click on the red to see resistance. No interpretation is necessary on the part of the user.

With these clear, specific signals, you can control the influence of emotion and impulse, both of which are detrimental to your trading. There is no need to agonize over a chart, wondering what the current price action means. All that is required is to turn on your computer, call up the chart, and observe the AbleTrend signals. Buy on blue, sell on red. It’s that simple!

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