TrendSignal

Mar 14, 2004
15
0
11
Cheshire
#17
TRENDSIGNAL

Looking at sample charts on their site and the stuff they send in the post, it seems their whole system is geared to automatic support & resistance using a 15 min candlestick chart for daytrading. They calll it volatility measurement and they say it's not based on Bollinger Bands! It looks similar though.

Now my question is this. Does anyone know what technical indicators are available to give the same automatic support and resistance?

Their sample charts look too good to be true. Maybe they just pick out the best charts. But £3500 is very steep for a relatively unknown product which has only been used by one member in these forums.

I would be grateful for any feedback on this.
 
Mar 14, 2004
15
0
11
Cheshire
#18
Trendsignal

TRENDSIGNAL

Looking at sample charts on their site and the stuff they send in the post, it seems their whole system is geared to automatic support & resistance using a 15 min candlestick chart for daytrading. They calll it volatility measurement and they say it's not based on Bollinger Bands! It looks similar though.

Now my question is this. Does anyone know what technical indicators are available to give the same automatic support and resistance?

Their sample charts look too good to be true. Maybe they just pick out the best charts! But £3500 inc VAT is very steep for a relatively unknown product which has only been used by one member in these forums as far as I am aware.

I would be grateful for any feedback on this.

Thanks
 

anmolway

Active member
Nov 17, 2002
249
1
28
uk
#19
Hi Cashtrader, I have had trendsignal for a couple of months.
I bought it at a time when I was going through a rough patch in January.

The main things it has made me realise is the value of a predetermined stop loss. I have been looking at it on and off and have realised that as with all things it isn't the holy grail, basically it is support and resistance lines.

I am not using at the moment for trading the dow as I am becoming more familiar and confident using Chartman's technique.
I don't regret buying it as it has re-emphasised important issues to me personally.

However I plan on looking at it sometime in the near future for trading the ftse/dax/smi.

HTH.
 
Oct 28, 2003
68
5
18
#20
Cashtrader,

TrendSignal`s main bands appear to be Keltner channels (which are based on volatility). See www.arbtrading.com/keltner.htm for calculation & interpretation. TrendSignal`s intermediate bands seem to be set halfway inbetween the central moving average & outer channels.

The TrendSignal trendline, in the separate box below the main chart, appears to be a momentum oscillator.

The horizontal support & resistance lines seem to be drawn from (the centre of?) recent candlestick reversal points.

Their recent addition of stop loss lines are parabolic SAR lines.
 

zarif

Active member
Dec 11, 2002
133
2
28
57
cheshire
#21
Hi guys:
Just To let u know that I have just bought trendsignal and the guys Sound really honest and helpful.Just got it two days now and am waiting for their guy to walk me through the sysytem setup etc. The only downside is that when u phone they are quite busy as they are trading.I have no hesitation in recommending them.
 

zarif

Active member
Dec 11, 2002
133
2
28
57
cheshire
#24
Been trading now with the trendsignal and must say its the dogs bollocks.brilliant tradimng so fat and even gives areas to place stoploss etc.The setting up was very helpful aswell.These guys mean the biz. I am very happy with it and have no hesitation in recommending them. Also there is a planned update to follow in the next few weeks.
 

chump

Well-known member
Dec 12, 2003
2,212
274
93
112
#25
Zarif,
Can you quantify "dogs b..ll....ks" a little...that is , number of trades to date,win ratio,win/loss %, max drawdown ? The more of this you can give the better it allows us reading to benefit from your experience. I appreciate quantifying takes more time than "dogsb...ll...ks",but your time will surely be appreciated by the BB...

Cheers
 

Jetheat

Active member
Mar 19, 2004
166
0
26
UK
www.lentrica.co.uk
#27
What package did you buy? The £1000 one or the £3000 one? Do they both use the exact same strategy even though one is for Day trading whereas the other one is for people with less time?

What is the difference in these two systems then?

Appreciate some info,
Thanks
 

anmolway

Active member
Nov 17, 2002
249
1
28
uk
#28
Jetheat the EOD is set at Daily frequency whereas with the intraday package one can alter the frequency as desired. The Trendsignal people do suggest using 5min and 15min charts for intraday purposes. 15 min chart as backup confirmation that one is trading in the right direction, 5min is usually used for entry.

Maybe the guys can comment as well on how they use it.

HTH

Anmol
 

ianp

Active member
Jan 15, 2003
179
7
28
Australia
#29
Hi,

Can any Trendsignal user post a more recent screen shot
of either ES or YM ?

as I would be interested to compare it to somr Tradestation studies.

Thanks Ian
 

Jetheat

Active member
Mar 19, 2004
166
0
26
UK
www.lentrica.co.uk
#30
Do u mean that the difference between the £1000 and £3000 programs are the charts they use.
Hell, I could use charts of the Internet for free.
I'm sure this isn't the only difference, so can anyone shed some light?