The Trade Plans are designed to alert you to specific high-probability trade set-ups that our system has identified. The plans are created prior to the upcoming market session and will first appear on the Waiting page. The Trade Planner was created to provide a visual representation of the trades from beginning to end. All the details are planned and plotted in advance on the chart.
The Trade Planner is an automated system designed to display potential trades and follow them through as they play out. It also creates a track record of all the trades so we can measure the success. The software runs throughout the trading day, updating the price data and monitoring the trades to see if they hit the targets and stops.
It automatically changes the status when certain conditions are met. The Plan Events page logs each detail in sequential order and is useful for following along with the trades as the status conditions are updated. The Plan Events Log displays the trailing five days worth of event data.
…swing trade setups based on technical analysis
Trade Plans consist of a price chart with the Entry Price, Stop Loss Price and 3 Target Prices represented by horizontal lines on the chart. The idea is that we feed a trade into the planner with all the details laid out in advance. Then the system follows the trade through until the end, constantly monitoring the trade to see if it gets filled, stopped out, hits one or more targets etc.
Every trade will have a specific Entry Price and the trade is only considered to be filled if the stock trades at the exact entry price. There will be cases where a stock gaps out of range or above the entry price however the system requires the price to hit the Entry before it is moved to Open status.
Trade Plans posted pre-market. Follow along with our swing trades for a few months and you will be convinced.
Trades are displayed live on the chart with exact entry, stop-loss and three targets.
Here is our Track Record for the Trade Plans in 2011
