Home

Track `n Trade Pro

1. 97 Charting Tools Example 3 of a Trend Fan using Track n Trade Pro Com Dec A91 Trend Fan Tool 98 To identify a Trend Fan within a chart use the Trend Fan tool Drawing a Trend Fan 1 Select the Trend Fan tool 2 Left click where you want the Fan to start 3 Move the mouse pointer to where the first line is to end and click to place 4 Repeat Step 3 until you get to the last line 5 To place the last trend move the mouse pointer to the ending point and right click to place Resizing the Trend Fan 1 Select the Trend Fan by clicking on it Note The formation is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the selected point and release the mouse button to place Moving the Trend Fan 1 Select the Trend Fan by clicking on it 2 Drag to the new location and release the mouse button Deleting the Trend Fan 1 Select the drawing by clicking on it then press the Del Delete key on your keyboard to remove the Trend Fan 2 Or right click on the fan and select Delete in the menu Track n Trade Pro 4 0 User Manual Charting Tools Changing the Properties of the Trend Fan Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Trend Fan Background Changes the inside color of the Trend Fan Line Thickness Changes the thickness of the Trend Fan line Choose
2. lows consolidate to a point The slope of both lines is up with the lower line being steeper than the higher one To Trade the Inclining Wedge A Place a BUY order on a break up and out of the wedge or a SELL order on a break down and out of the wedge Inclining Wedges with h d a prior downtrend are anticipated to break down and out rather than up and out Example of an Inclining Wedge in Track n Trade Pro IR Inclining Wedge LT Dn Track n Trade Pro 4 0 User Manual 91 Charting Tools Declining Wedge A Declining Wedge formation occurs when the slope of price bar highs and lows consolidate to a point The slope of both lines is down the top line being steeper than the lower one This formation is opposite the Inclining Wedge To Trade the Declining Wedge Place an order to BUY on a break up and out of the wedge or an order to SELL on a break down and out of the wedge Falling wedges with a prior up trend are anticipated to break A up and out rather than down and out b d Example of a Declining Wedge in Track n Trade Pro Herd odapee Eemi epr dou p DEUS Declining Wedge LS 7 h j Ta de P p d Ih TN M 92 Track n Trade Pro 4 0 User Manual Charting Tools Symmetrical Triangle A Symmetrical Triangle formation occurs when there is a pause in the cur rent trend after which the previous trend is resumed Also notice that the price bars form a perfect symmetrical triangle shape To
3. values from 1 6 Line Style Changes the line style of the Trend Fan line Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the Trend Fan Track n Trade Pro 4 0 User Manual 99 Charting Tools 100 Track n Trade Pro 4 0 User Manual TRACK N TRADE PRO VERSION 4 0 Accumulating Wealth One Tic at a Time Advanced Charting Tools Advanced Charting Tools 102 Track n Trade Pro 4 0 User Manual Advanced Charting Tools Advanced Charting Tools Applying Technical Formations Introduction Track n Trade Pro has incorporated concepts and theories from leading Technical and Fundamental Educators in the Futures Industry allowing you as a trader to apply their studies easily to your trading In this section you will learn basics about their theory and how to apply it in Track n Trade Pro using the Advanced Charting Tools provided you For more detailed informa tion on the different theories and concepts see the educational products also offered by Gecko Software Inc www trackntrade com Elliott Wave Theory This theory was developed by Ralph Nelson Elliott and bares his name The Elliottt Wave Theory is an idea that market behavior is based on waves rather than random timing Elliottt believed that market prices rose and fell in a series of
4. 2 This tool is drawn like a rectangle Click for the upper left point 3 Move the mouse to the bottom right position and click to finish the draw ing Resizing the Fibonacci Time Zone 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Fibonacci Time Zone 1 Select the drawing by clicking on it continue holding down the mouse button 2 Drag to the new location and release the mouse button Deleting the Fibonacci Time Zone 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard to remove 2 Or right click on the tool and select Delete from the menu Track n Trade Pro 4 0 User Manual 119 Advanced Charting Tools Advanced Charting Tools Example of a Fibonacci Time Zone in Track n Trade Pro se RT a Foreground Line Thickness Line Style Font Fibonaccl Time Zones Highlights mead wet a high degree of Ekelkosd ycu f sas same kind of market reversal ection w Show Text Show Extensions Send To Back Delete Changing the Properties of a Fibonacci Time Zone Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Fibonacci Time Zone Calculating Trading Actual Days In the futures industry trading days are scheduled around holiday and
5. Elliott asserted that these counter trend waves will usually retrace against the trending waves by 38 2 50 and 61 8 percent These Retracement Percentages correspond to natural ratios discovered by the Greeks called the Golden Ratio and rediscovered by Fibonacci a medi eval Italian Mathematician 0 Interpretation Commodity prices will frequently consist of an initial wave a second wave often retracing 61 8 of the initial move the third wave usually the largest then another retrace EE 38 2 ment and finally the 5th wave the last gap which would exhaust the vx movement 7775155 n Track n Trade Pro you have three tools that you can use to apply these 786 Concepts the Fibonacci Retrace ment Fibonacci Time Zone and the Fibonacci Arc 100 Fibonacci Retracement 199 The Fibonacci Retracement tool is used to measure the different retrace ment levels within a market Drawing a Fibonacci Retracement 1 Select the Fibonacci Retracement tool from the Toolbar 2 Click on the chart where you would like the ruler to begin 3 Move the mouse pointer to the lower right position of the ruler and click to place Resizing the Fibonacci Retracement 1 Select the ruler by clicking on it You can tell the ruler is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the select point and release the mouse button Track n Trade Pro 4 0 User Manual 115 Advanc
6. all or most of what the first one gained Track n Trade Pro 4 0 User Manual 103 Advanced Charting Tools Wave three Usually very prominent as it follows a period of what appears as consolidation most people trade this wave Wave four Noted to be very intricate yet still a consolidation One of Elliott s main rules is that in a 5 wave advance cycle wave 4 can t overlap wave 1 Wave five Often very active yet at some point declines and leads to the 3 wave corrective cycle Three Wave Decline Wave A Normally seen as a minor pullback of wave 5 of the advance cycle Wave B Follows Wave A of the downtrend and is often hard to spot but should result in a third wave continuing down Wave C Usually quiet significant and many traders see this selling opportunity Trading an Elliott Wave See Wave three in the Five Wave Advance and the Wave C in the Three Wave Decline Example of an Elliott Wave in Track n Trade Pro HL Light Crude ch Ang CL PNI 2 h oj ALE fM Track n Trade Pro 4 0 User Manual Elliott Wave Tool Advanced Charting Tools Ca el on To identify an Elliott Wave on a chart use the Elliott Wave tool located in the Advanced Charting Tools section Charting an Elliott Wave 1 Select the Elliott Wave tool from the Toolbar 2 Left click your mouse on the 1 point to place 3 Continue throughout the wave by clicking on each point 1 5 and A B C to place When you get to the last
7. experts have reported that to get a truly squared chart one must set the scaling to 8 price bars per inch width and 4 price bars per inch height A Gann Fan is used to define a market direction or a new trend For ex ample a bull market exists if prices are maintaining strength between the1x2 lower line and 1x2 higher line A bear market would be the exact opposite of the previous scenario During an uptrend the breaking of one line would suggest a further price drop to the next lower line Correspondingly if prices break above one line they would be expected to rally to the next higher one Track n Trade Pro 4 0 User Manual 109 110 Advanced Charting Tools Example of the Gann Fan in Track n Trade Pro See naan n Ta Cm ee ee E 1 n T mL m T R May ni T EI 2 um LII ua x in a Coma y fala Es m E A2 y a a ah X 4 ws CR EL 4 ul M LIP a du H a T A teu s Li j Pa Ses ti ag 1 E ira PAX Cw ides 1x4 HERE I 1 ho E Ea bois 3 a i Ti ar 1x3 a A 13 A k L i Fi ES t 13 L E k n E L A ET i EA r Ixz L E i 1 1 L ii 1 r E 1 i 1 Lt D i 5 1 a N kn i i 1 k Ms k 3 hs hi 1 RN A a a i n 1x8 1x4 1x3 1x2 1x1 Gann Fan Tool 9 a ue You can apply this theory to your charts by using the Gann Fan tool on the Advanced Charting Toolbar Drawing a Gann F
8. le of a Gann Fan in Track n Trade Pro Wheat CBOT 4c Mar HH Gann Fan Ii Ill n Track n Trade Pro 4 0 User Manual 111 Advanced Charting Tools Andrews Pitchfork Theory Dr Alan Andrews developed a channel technique to show areas of support and resistance from a baseline This use of a median line is the key to using the Andrews Pitchfork Buying near lows and selling near highs that are iden tified by the tines of the pitchfork The basic premise is to trade the channel from one level of support or resistance to the next Interpretation The first element to draw the Andrews Pitchfork is the centerline The middle tine or median line begins at the most recent contract low or high To plot the direction of this point we must attain the other two points The top tine is determined by looking at the highest move made from the origin of the contract low or high The next point is found by looking at the retracement of that move For example a contract begins at point A rallies to point B and sells off from point B to point C A line is drawn from point B and C and then the line originating at point A splits those two lines equally This pitchfork shows continuing points of support and resistance The gener al use of this tool is to sell when the market rises to line B and take profits once prices reach line A the middle tine and also to buy when prices dip to line C and take profits when they reach line
9. on the break up of the Neckline Then place a stop loss order just below the Head The stop loss order can also be placed below the Right Shoulder as a more conservative point Care F b Dac HATI Example of a Head amp Shoulders Bottom in Track n Trade Pro Head amp Shoulders Bottom Formation Im Mid hi Ph 3 Ai Jn ju 1 88 Track n Trade Pro 4 0 User Manual Charting Tools Head amp Shoulders Tool To identify either a Head amp Shoulders Top or Bottom formation use the Head amp Shoulder tool Charting a Head amp Shoulders H amp S Formation 1 Select the H amp S tool from the Charting Toolbar 2 Position the mouse pointer where you would like to place the Left Shoul der LS point and click to place 3 Move to the valley point between the LS and the Head left click to place 4 Move to the Head point and click to place 5 Move to the valley point between the Head and Right Shoulder RS left click to place 6 Move to the RS point and click to place Moving H amp S Drawing 1 Select the H amp S drawing by clicking on it 2 Drag to the new location and release the mouse button to place Note The tool is selected when a line appears connecting LS H and RS Deleting H amp S Drawing 1 Select the H amp S drawing by clicking on it and press the Del Delete Key on your keyboard 2 Or right click on the drawing and select the Delete option in the menu Resizing
10. previous close in the set of price bars selected Conversely a day is considered a Lower Day if the close is lower than any previous trading day in the defined set of price bars This statistic is available in Track n Trade Pro when using the Day Offset tool 120 Track n Trade Pro 4 0 User Manual Track n Trade Pro 4 0 User Manual 121 Advanced Charting Tools Advanced Charting Tools Day Offset Tool Changing the Properties of a Day Offset Ega se ea vo A The Day Offset tool enables you to measure the number of trading days vs actual days that are between two points on the chart Also calculated on this tool is the number of days that the market closed high or lower in compari son with the previous day Charting a Day Offset 1 Select the Day Offset tool from the Toolbar 2 This tool is drawn like a line Click for the left point 3 Move the mouse to the right position and click to finish Resizing the Day Offset 1 Select by clicking on it Note The drawing is selected when boxes ap pear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Day Offset 1 Select the drawing by clicking on it and continue holding down the mouse button 2 Drag to the new location and release the mouse button Deleting the Day Offset 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard to remove 2 Or right click on the tool an
11. the H amp S Drawing 1 Select the H amp S drawing by clicking on it The drawing is selected when boxes appear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Changing Properties of an H amp S Drawing Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line and arc color of the H amp S drawing Note The line is only seen when the drawing is selected Line Thickness Changes the thickness of the H amp S line Choose values from 1 6 Line Style Changes the line style of the H amp S line which shows when the line is selected Choose from Solid Dashed Dotted and more Arc Thickness Changes the arcs formed at the LS H and RS points Choose values from 1 6 Track n Trade Pro 4 0 User Manual 89 Charting Tools 90 Font Changes the Font Size Style and Color of the H LS and RS Show Text Select to view or hide the H LS and RS Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access Track n Trade Pro 4 0 User Manual Charting Tools Triangle and Wedge Formations The Triangle formation comes in many varieties There are Rising Inclining Wedges and Symmetrical Non Symmetrical Triangles Inclining Wedge The Inclining Wedge Formation occurs when the slope of price bar highs and
12. up to down Rounded Bottom The Rounded Bottom formation consists of a gradual change in trend from down to up This formation is the exact opposite of a Rounded Top Forma tion Double Top This formation includes two distinct tops and anticipates a change in trend from up to down FN 124 Track n Trade Pro 4 0 User Manual Advanced Charting Tools Double Bottom This formation includes two distinct bottoms and anticipates a change in trend from down to up This formation is the exact opposite of a Double Top V o NE Triple Top This formation includes three distinct tops and anticipates a change in trend from up to down Triple Bottom This formation includes three distinct bottoms and anticipates a change in trend from down to up This formation is the exact opposite of a Triple Top Track n Trade Pro 4 0 User Manual 125 Advanced Charting Tools Advanced Charting Tools Arc Tool Changing the Properties of an Arc Drawing ssa sape a og To illustrate a Rounded Top Bottom formation on your futures chart use the Arc tool in the Advanced Charting Toolbar Drawing a Rounded Top Formation 1 Select the Arc tool from the Toolbar 2 Click your mouse on the left side of the arc and drag the mouse to the right side release the mouse to place the tool Resizing the Arc Drawing 1 Select the arc by clicking on it Note The tool is selected when boxes appear on the corners of the dra
13. waves based on the same Golden ratio or Golden mean that Fibonacci proved For more information on Fibonacci see the Fibonacci Re tracements section later in this chapter This ratio is present in many aspects of nature and science and Elliottt felt that it had great significance on the financial markets as well Interpretation The basic idea of this theory is that a market rises in a series of 5 waves as he called them and that a market declines in a series of 3 declines El liottt s theory is that on the first wave a market rises on wave two it declines begins again to rise on wave three has a period of decline again on wave four and finally completes the rise on wave five Then the period of correc tion is referred to as a three wave correction where the market declines for wave A begins to rise for wave B and falls again for wave C Elliott went on to further explain that a complete market cycle consisted of a 144 wave cycle broken down into an 89 wave bull cycle and a 55 wave bear cycle This is based on his observation of Fibonacci s Golden Ratio The series of numbers Fibonacci describes 1 2 3 5 8 13 21 34 55 89 and 144 shows a relationship of 1 618 Elliott further showed that a market usually rises or falls based on this wave cycle Each wave in the cycle has its own characteristics Five Wave Advance Wave one Normally very short and easy to miss Wave two A retracement wave usually gives back
14. A This series of movements within the pitchfork affords traders the opportunity to trade a channel system within a trending market Andrews Pitchfork Tool 112 AAN EA vo we em n Charting Andrews Pitchfork 1 Select the Andrews Pitchfork tool from the Toolbar 2 The first three clicks setup the pitchfork The first point is the handle of the pitchfork and is placed at the end of the previous trend A 3 Next you are forming the base of the fork The first point is the top of the next trend B Track n Trade Pro 4 0 User Manual Advanced Charting Tools 4 The second point completes the base and is placed at the bottom of the trend C 5 Once you have completed the first three steps you can elongate the pitchfork to the length desired Click to place the final point Resizing the Andrews Pitchfork Drawing 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Andrews Pitchfork Drawing 1 Select the drawing by clicking on it Continue holding down the mouse button 2 Drag to the new location and release the mouse button Deleting the Andrews Pitchfork Drawing 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard to remove 2 Or right click on the drawing and select Delete from the menu Changing the Properties of the An
15. TRACK N TRADE PRO VERSION 4 0 Accumulating Wealth One Tic at a Time Analyzing Charts with Charting Tools Charting Tools Charting Tools Analyzing Charts with Charting Tools Applying Technical Formations Introduction Track n Trade Pro has a complete set of Charting Tools that enable the futures trader to apply concepts from Technical Analysis to their charting Take a look at some of the Technical Analysis formations and trends in this chapter and see how to apply these concepts in trading with Track n Trade Pro charting tools For more information on these formations and tools see Gecko Software Educational CD s available at www trackntrade com The first tool in the Charting Toolbar is the Crosshair Tool Although this tool is not used in helping you define and technically analyze data it is used when lining up your technical indicators and recurring price patterns Crosshair Tool Be lel e zelda n The Crosshair tool is used to draw a line vertically and horizontally on the chart The vertical line is drawn through the Indicator Window as well To help place the Crosshair line on a specific value you will notice the cursor price is displayed on the vertical line of the Crosshair Charting a Crosshair 1 Select the Crosshair tool from the Charting Toolbar 2 Click on the Chart Window to place the Crosshair Moving a Crosshair Drawing 1 To select the Crosshair click on the center point or lines of the crosshai
16. Thickness Line Style Font w Show Text Show Extensions Send To Back Delete Changing Properties for the Fibonacci Arc 118 Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the arc Line Thickness Changes the thickness of the arc lines Choose values from 1 6 Line Style Changes the line style of the arc which shows when the line is selected Choose from Solid Dashed Dotted and more Font Changes the Font Size Style and Color of the values Show Text Deselect Select to view or hide the values Show Retracements Select Deselect to view the additional retracement percentages Show Prediction Select Deselect to view the additional prediction percent ages Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Fibonacci Arc Delete Select to delete the tool Track n Trade Pro 4 0 User Manual Advanced Charting Tools Example of a Fibonacci Arc in Track n Trade Pro S pia ej Blass 20800 X Fibonacci Arc Highlights Bios acea of support and resietanee amp The Fibonacci Time Zone uses Fibonacci numbers rather than the percent ages used in the Ruler and Arc tools Charting a Fibonacci Time Zone 1 Select the Fibonacci Time Zone tool from the Toolbar
17. Trade a Symmetrical Triangle Place a BUY order on a break up and out of the triangle or a SELL order on break down and out of the triangle Example of a Symmetrical Triangle in Track n Trade Pro Track n Trade Pro 4 0 User Manual 93 Charting Tools Non Symmetrical Triangle A Non Symmetrical formation occurs in exactly the same situation as a Sym metrical Triangle only the pattern lacks symmetry This formation resumes the previous trend as well when a break out occurs To Trade a Non Symmetrical Triangle Place a BUY order on a break up and out of ee the triangle or an order to SELL on a break down and out of the triangle Example of a Non Symmetrical Triangle in Track n Trade Pro uar ina comendas N Eas cb mij yv Non Symetrical Triangle ca Fi Mi Ar Wi T i p M hth 3 n kl 4 Le i p ap n 94 Track n Trade Pro 4 0 User Manual Charting Tools Wedge and Triangle Tool To identify any type of Wedge or Triangle use the Wedge tool Drawing a Wedge Triangle Formation 1 Select the Wedge tool from the Toolbar 2 Left click your mouse at the top of the Triangle 3 Drag the mouse pointer to the bottom of the Triangle and left click to place 4 Next drag the mouse pointer to form a Triangle and left click the mouse to place the final point Resizing the Wedge Triangle Formation 1 Select the drawing by clicking on it Note The forma
18. an 1 Select the Gann Fan Tool 2 Click where you want the Fan to start continue holding down the mouse button until reaching the final position of the fan release button to place Resizing the Gann Fan 1 Select the Fan by clicking on it Note The formation is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the selected point and release the mouse button to place Moving the Gann Fan 1 Select the Fan by clicking on it 2 Drag to the new location and release the mouse button Deleting the Gann Fan 1 Select the drawing by clicking on it then press the Del Delete key on your keyboard 2 Or right click on the fan and select Delete from the menu Track n Trade Pro 4 0 User Manual Changing Properties of a Gann Fan Advanced Charting Tools Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color for the fan Background Changes the color of the background for the fan Line Thickness Changes the thickness fan line Choose values from 1 6 Font Changes the Font Size Style and Color of the fan values Show Text Select to view or hide the fan values Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Gann Fan Examp
19. clicking on it 2 Drag to the new location and release the mouse button to place Note The tool is selected when a line appears connecting the 1 2 and 3 Deleting a 1 2 3 Drawing 1 Select the 1 2 3 drawing by clicking on it and press the Del Delete Key on your keyboard 2 Or right click the drawing and select Delete from the popup menu Resizing the 1 2 3 Drawing 1 Select the 1 2 3 drawing by clicking on it The drawing is selected when boxes appear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Changing Properties of a 1 2 3 Drawing Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line and arc color of the 1 2 3 Line Thickness Changes the thickness of the 1 2 3 line Choose values from 1 6 Line Style Changes the line style of the 1 2 3 line which shows when the line is selected Choose from Solid Dashed Dotted and more Arc Thickness Changes the arcs formed at the 1 2 and 3 points Choose values from 1 6 Font Changes the Font Size Style and Color of the 1 2 and 3 Show Text Select to view or hide the 1 2 and 3 A B C 1 2 3 Select to toggle between numbers or letters Show Prediction Select to show the prediction line off the 3rd point This point will be the same distance from the 3rd point as the 1st and 2nd points This will also tell you the retracement
20. d select Delete from the menu Foreground Line Thickness Line Style b Font w Show Text Send To Back Delete Track n Trade Pro 4 0 User Manual Right click on the Day Offset drawing to view the Properties menu Proper ties that can be changed are Foreground Changes the line color of the Day Calculator Line Thickness Changes the thickness of the Day Calculator Line Choose values from 1 6 Line Style Changes the line style of the Day Offset lines Choose from Solid Dashed Dotted and more Font Changes the Font Size Style and Color of the Day Calculator num bers Show Text Select to view or hide the Day Calculator numbers Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Day Calculator draw ing Delete Select to delete tool Example of the Day Offset Tool in Track n Trade Pro Wheat CHOT o Dac 20007 Day Offset Calculator 35 Trading Days T up Z dn 47 Actual Days Track n Trade Pro 4 0 User Manual 123 Advanced Charting Tools Rounded Top amp Bottom Formations The Rounded Top amp Bottom formation is a very gradual change in trend This formation includes Rounded Top amp Bottom Double Top amp Bottom amp Triple Top amp Bottom Rounded Top The Rounded Top formation consists of a gradual change in trend from
21. drews Pitchfork Drawing Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Andrews Pitchfork Line Thickness Changes the thickness of the Andrews Pitchfork Choose values from 1 6 Line Style Changes the line style of the Andrews Pitchfork Line Choose from Solid Dashed Dotted and more Show Extensions Adds extension and projection lines to the sides of the Andrews Pitchfork Odd numbers will add to the top even numbers will add to the bottom Track n Trade Pro 4 0 User Manual 113 Advanced Charting Tools Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Andrews Pitchfork Example of Andrews Pitchfork in Track n Trade Pro Comedian Dollar CME pap Mar oe Andrews Pitchfork h i M TT Key points send EH ur te 5 the fork E Lt W t D A C alie E ti May HE Pons i Andrews Pitchfork with Extensions amp Projections 114 Track n Trade Pro 4 0 User Manual Advanced Charting Tools Fibonacci Retracements Fibonacci Retracement levels correspond with percentage retracements that occur in the ebb and flow of a market trend According to the Elliott Wave Theory market trends tend to occur in five distinct waves See the Elliott Wave for more information
22. e the mouse button then move the mouse to the Right Feather RF and release the mouse button Lengthening or Shortening the Formation 1 Select the dart by clicking on it The formation is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Entire Dart 1 Select the dart by clicking on it 2 Drag to the new location and release the mouse button Deleting the Dart 1 Select the dart by clicking on it and press the Del Delete key on your keyboard 2 Or right click on the drawing and select Delete from the menu Changing the Properties of a Dart Blip Drawing Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Elliott Wave Line Thickness Changes the thickness of the Elliott Wave Line Choose values from 1 6 Line Style Changes the line style of the Elliott Wave Line Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the tool This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Elliott Wave Drawing Track n Trade Pro 4 0 User Manual 107 Advanced Charting Tools Example of a Dart Up and Down in Track n Trade Pro Gasoline Unleaded ich Fel 004 Dart Bottom Axa remt YT 108 Track
23. ed Charting Tools Moving the Fibonacci Retracement 1 Select the ruler by clicking on it 2 Drag to the new location and release the mouse button Deleting the Fibonacci Retracement 1 Select the ruler by clicking on it and press the Del Delete key on your keyboard 2 Or right click on the ruler and select Delete from the menu Right click Menu Foreground Background Line Thickness Font Show Text Show Retracements Show Projections Show Prediction Shaw Time Zones Send To Back Delete Changing Properties for the Fibonacci Retracement 116 Right click on the ruler to view the Properties menu Properties that can be changed are Foreground Changes the line color of the ruler Background Changes the background color of the ruler Line Thickness Changes the thickness of the ruler lines Choose values from 1 6 Font Changes the Font Size Style and Color of the values Show Text Deselect Select to view or hide the values Show Retracements Select Deselect to view the additional retracement percentages Show Prediction Select Deselect to view the additional prediction percent ages Show Time Zones Select Deselect to overlay the Time Zones on the ruler Track n Trade Pro 4 0 User Manual Advanced Charting Tools Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back wh
24. el Example of the Declining Channel in Track n Trade Pro US Dallas jc Mar HH Declining Channel 78 Track n Trade Pro 4 0 User Manual Charting Tools Inclining Declining Channel Tool You can identify an Inclining or Declining Channel by using the Inclining De clining Channel Tool Drawing an Inclining Declining Channel 1 Select the Inclining Declining Channel Tool from the Charting Toolbox 2 Position the mouse pointer where you would like to place the top left point of the Channel and click continue to hold down the mouse drag ging it to the right bottom point of channel release mouse button to place Moving the Inclining Declining Channel 1 Select the Channel drawing by clicking on it 2 Drag to the new location and release the mouse button to place Deleting the Inclining Declining Channel 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard 2 Or point the mouse cursor over the Channel and right click Select Delete in the menu Resizing the Inclining Declining Channel 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes on the corners to drag the select point and release the mouse button Changing Properties of an Inclining Declining Channel To view the Properties menu right click your mouse on the channel drawing tool Properties that can be changed are Foregro
25. ements and market reversals Take a look at this diagram As a trend moves up in scale a chartist will generally draw a vertical line across price bar lows or alternatively when a market is moving down across the price bar highs Then as the market continues to make its retracement we can then draw another trend line across the next level of support or resistance The line is support if the market is moving up and resistance if it is moving down You will notice how the last move of the trend which was resistance for the first trend line is now support for the second trend line Now draw the third trend line At this point you can see that the market has made a solid retracement down past this third fan line When the market crosses the third fan line it is considered to be confirma tion of market retracement a market that was once considered bullish is now bearish or if bearish would now be considered bullish Rule of Thumb When the markets price bars cross above or below the third trend fan line this is your signal and confirmation that the market has shifted from bullish to bearish or bearish to bullish To Trade a Trend Fan Place an order to enter the market on the break out past the third Trend Fan line See the example charts Track n Trade Pro 4 0 User Manual Example 1 of a Trend Fan usinc Cation May 2 amp 1 Reversal Track n Trade Pro 4 0 User Manual Track n Trade Pro Charting Tools
26. en you need to access a drawing under the Fibonacci Retrace ment Delete Select to delete the tool Example of a Fibonacci Retracement in Track n Trade Pro 5 cbe ames ep Mer OCT Fibonacci Ruler Highlights areas with a high degree of Bkelihood youll ses some kind of market reversa action with strong levels of support amd resistance The Fibonacci Arc tool is used to measure the different retracement levels within a market Drawing a Fibonacci Arc 1 Select the Fibonacci Arc tool from the Toolbar 2 Move the mouse pointer to the point on the chart that you would like to start the stem of the Arc tool click start 3 Move the mouse pointer to the ending point for the arc tool and click to place While moving to the end point the arc will extend for you to get an idea of placement on the ticks Resizing the Fibonacci Arc 1 Select the arc by clicking on it You can tell the arc is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the select point and release the mouse button to place Moving the Fibonacci Arc 1 Select the arc by clicking on it 2 Drag to the new location and release the mouse button Track n Trade Pro 4 0 User Manual 117 Advanced Charting Tools Deleting the Fibonacci Arc 1 Select the arc by clicking on it and press the Del Delete key on your keyboard 2 Or right click on the arc and select Delete on the menu Foreground Line
27. ets have a tendency to retrace half or 50 of the last move as well as in overall long term trends N Tool You can measure a retracement with the N tool The default on this chart ing tool is 50 but can be changed by simply dragging the middle bar up or down See Fibonacci Time Zone and Fan tools in the Advanced Charting Tools sec tion for more information on retracements Drawing an N Channel 1 Select the N tool from the Charting toolbar 2 Position the mouse pointer where you would like to place the top left point of the Channel and left click continue to hold down the mouse while dragging it to the right bottom point of Channel Release mouse button to place Note The default retracement percentage on the N tool is 50 Moving the Line 1 Select the Channel drawing by clicking on it 2 You will notice that the middle line has a box in the middle of the line This is the handle that you will use to change the position of the per centage line within the tool drawing As you change the position of the percentage line the percentage value to the left will change as well Moving the N Tool 1 Left click on the drawing and drag the tool 2 Release the mouse button to place the drawing Track n Trade Pro 4 0 User Manual 81 Charting Tools Charting Tools Deleting the N Channel Example of the N Tool in Track n Trade Pro 1 Select the drawing by clicking on it and press the Del Delete key on your ke
28. g the Crosshair Vertical Line Select Deselect to view or hide the vertical Crosshair line Note If both the vertical and horizontal lines are deselected the crosshair tool will be deleted Show Horizontal Line Select Deselect to view or hide the horizontal Cross hair line Note If both the vertical and horizontal lines are deselected the crosshair tool will be deleted Setting To define the date and value of the Crosshair select settings and type in the values You can also choose to view or not view the horizontal and vertical lines Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the Crosshair 70 Track n Trade Pro 4 0 User Manual Track n Trade Pro 4 0 User Manual T1 Charting Tools Charting Tools Technical Analysis Line Tool The remaining nine Charting Tools are used to identify Technical Analysis if N o e es formations and trends Take a look at the different patterns available then How ES read about how to use each of the charting tools and apply the technical concepts learned To draw a support resistance line also referred to as a trend use either the Line or Multi Line Tools Support Drawing a Line Markets have a tendency to move in troughs and peaks or more appropri 1 Selectthe Line tool ately Support and Resistance These troughs are called Supp
29. level to which it retraces Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the 1 2 3 drawing 86 Track n Trade Pro 4 0 User Manual Charting Tools Head amp Shoulders Formation This Formation can appear anywhere in the chart and is made up of the Head Left Shoulder and Right Shoulder There are two types Top and Bot tom Head amp Shoulders Top This formation has three definite peaks the Head Left Shoulder and Right Shoulder The middle peak the Head H is higher than either shoulder LS RS This formation anticipates a drop in price below the Neckline see below H To Trade a Head amp Shoulders Top d Place a SELL order on the break of the Neck LS RS line Your stop loss order should then be ceci placed just above the Head The stop loss order can also be placed above the Right Shoulder as a more conservative point Example of Head amp Shoulders Top in Track n Trade Pro Cate Live cj Fob Ad Head amp Shoulders Top Formation Track n Trade Pro 4 0 User Manual 87 Charting Tools Head amp Shoulders Bottom This formation is simply an inverted version of the Head and Shoulders Top formation Therefore a Head and Shoulders Bottom anticipates a rise in price above the Neckline To Trade a Head amp Shoulders Bottom Place a BUY order
30. mber two point This formation is easily identified be cause the number one point is the annual price high for the contract To Trade a 1 2 3 Top Place a SELL order on a break down past the 2 point Then place a stop loss order just above the 1 point Considered to be an industry standard or just above the 3 point A more conservative stop loss placement Example of a 1 2 3 Top in Track n Trade Pro je plebe pier 84 Track n Trade Pro 4 0 User Manual Charting Tools 1 2 3 Bottom The 1 2 3 Bottom formation anticipates a change in trend from down to up on a break above the number two point A 1 2 3 Bottom Formation is easily identified because the number one point is the annual price low To Trade a 1 2 3 Bottom Formation Place a BUY order just above the 2 point and then place your stop loss order just below the 1 point Considered an industry standard or just below the 3 point Consid ered a more conservative position 1 2 3 Tool H Use the 1 2 3 Tool to chart both a 1 2 3 Top and Bottom formation Drawing a 1 2 3 Top Bottom 1 Select the 1 2 3 tool from the Charting Toolbar 2 Position the mouse pointer where you would like to place the 1 point and left click to place 3 Move to the 2 point and click to place 4 Move to the 3 point and click to place Track n Trade Pro 4 0 User Manual 85 Charting Tools Moving a 1 2 3 Drawing 1 Select the 1 2 3 drawing by
31. n Trade Pro 4 0 User Manual Advanced Charting Tools Gann Fan Theory W D Gann designed several unique techniques for studying price charts One of these techniques included the use of geometric angles in conjunc tion with time and price Gann believed that specific geometric patterns and angles had unique characteristics that could be used to predict price action Gann s techniques require that charts be drawn with equal time and price intervals so that a rise run of one price unit for each time unit called a 1 x 1 trend or angle will equal a 45 degree angle anywhere on the chart Gann believed that the ideal balance between time and price exists when prices rise or fall at a 45 degree angle relative to the time axis Interpretation The Gann Fan is made up of nine angles based on this concept These trend lines are used to indicate support and resistance levels When one line is broken by the entire days price range prices should move to the next line The drawing of these lines should start from either a market top or bottom It is important to note that this theory is based on a squared 45 degree angle on the chart Obviously a 45 degree angle drawn on a chart is no longer 45 degrees when the scale is changed without a change to the opposite scale as well To square the Gann Fan to the current chart s scaled settings hold down the CTRL key on your keyboard while clicking on and rescaling with the mouse pointer Some Gann
32. n out of channel wv Track n Trade Pro 4 0 User Manual 15 Charting Tools Narrow Sideways Channel Tool To illustrate a Narrow Sideways Channel in a chart use the Narrow Sideways Channel tool Drawing a Narrow Sideways Channel 1 Select the Narrow Sideways Channel tool from the Charting Toolbar 2 Position the mouse pointer where you would like to place the top left point of the Channel and click continue to hold down the mouse drag ging it to the right bottom point of Channel release mouse button to place Moving the Narrow Sideways Channel 1 Select the Channel drawing by clicking on it 2 Drag to the new location and release the mouse button to place Deleting the Narrow Sideways Channel 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard 2 Or point the mouse cursor over the Channel and right click then select Delete in the menu Resizing the Narrow Sideways Channel 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes on the corners to drag the select point and release the mouse button Changing Properties of a Narrow Sideways Channel 76 To view the Properties menu right click your mouse on the Channel drawing Properties that can be changed are Foreground Changes the top and bottom lines of the Channel Background Changes the inside colors of the Channel Line Thick
33. ness Changes the thickness of the Channel lines Choose values from 1 6 Line Style Changes the line style of the Channel lines Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the Narrow Sideways Channel drawing Track n Trade Pro 4 0 User Manual Charting Tools Inclining Channel The Inclining Channel is a formation with parallel price barriers along both the price ceiling and floor Unlike the Narrow Sideways Channel the Inclin ing Channel has an increase in both the price ceiling and price floor The breaking of the bottom trend line on this formation shows a change in trend from bullish to bearish To Trade an Inclining Channel Place an order to SELL on the break down and out of the channel wv Example of an Inclining Channel in Track n Trade Pro Sayles am dcs Meow 200713 Inclining Channel Track n Trade Pro 4 0 User Manual TT Charting Tools Declining Channel The Declining Channel is the exact opposite of the Inclining Channel forma tion The Declining Channel has a decrease in both the price ceiling and price floor The breaking of the top trend line on this formation shows a change in trend from bearish to bullish To Trade a Declining Channel Place an order to BUY on the break up and out of the chann
34. ort The term 2 Left click on the chart where you want the Line to begin is self explanatory and indicates that support is a level or area on the chart 3 Hold down the mouse button and move to the position where the Line under the market where buying interest is strong enough to overcome sell ends ing pressure Therefore a decrease in price is reversed and prices rise once 4 Release the mouse button to place again Typically a support level is identified by a previous set of lows Resizing the Line 1 Select the Line drawing by clicking on it You will know the Line is se lected when boxes appear at the ends of the Line 2 Click on a box and drag to the desired length Release the mouse but ton to place the end point of the Line Moving the Line 1 Select the Line drawing by clicking on it 2 Click on the Line not on a box and drag to new location and release mouse button to place Resistance Deleting the Line Essentially resistance or the peaks is the opposite of support Resistance 1 Click on the Line drawing to select and then press the Del Delete key is defined as a horizontal ceiling where the pressure to sell is greater than the pressure to buy Therefore an increase in price is reversed and prices revert downward Typically support can be located on a chart by a previous set of highs PE Track n Trade Pro 4 0 User Manual on your keyboard 2 Or right click the Line and select Del Delete on
35. point C the drawing is complete Resizing the Elliott Wave Drawing 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Elliott Wave Drawing 1 Select the drawing by clicking on it continue holding down the mouse button 2 Drag to the new location and release the mouse buiton Deleting the Elliott Wave Drawing 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard to remove 2 Right click the drawing and select Delete from the menu Changing the Properties of an Elliott Wave Drawing Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Elliott Wave Line Thickness Changes the thickness of the Elliott Wave Line Choose values from 1 6 Line Style Changes the line style of the Elliott Wave Line Choose from Solid Dashed Dotted and more Arc Thickness Changes the arcs formed at the 1 5 and ABC points Choose values from 1 6 Font Changes the Font Size Style and Color of the 1 5 and ABC points Show Text Select to view or hide the 1 5 and ABC points Track n Trade Pro 4 0 User Manual 105 Advanced Charting Tools Send to Back Changes the layer of the tool This option is used when more than one drawing is in the same area of the cha
36. point on the Multi Line right click to finish Resizing the Multi Line 1 Select the Multi Line drawing by clicking on it You will know the Multi Line is selected when boxes appear at the ends of the Multi Line 2 Click on a box and drag to the desired length Release the mouse but ton to place the end point of the Multi Line Track n Trade Pro 4 0 User Manual Charting Tools Moving the Multi Line 1 Select the Multi Line drawing by clicking on it 2 Click on the Multi Line not on a box and drag to new location release mouse button to place Deleting the Multi Line 1 Click on the Multi Line drawing to select and then press the Del Delete key on your keyboard 2 Or point mouse cursor over the Multi Line and right click Select De lete on the menu Example of Multi Line Tool in Track n Trade Pro Corn ab Dec 20007 Channels The Technical Formation called a Channel consists of a section of price bars that are between parallel support and resistance lines There are three types of channels the Narrow Sideways Channel the Inclining Channel and the Declining Channel Narrow Sideways Channel A Narrow Sideways Channel is a formation that features both resistance and support with a sideways movement Support forms the low price bar while resistance provides the price ceiling To Trade a Narrow Sideways Channel Place an order to BUY on a break up and out of the channel or SELL on a break dow
37. r and drag to the new location release mouse button to place Note The tool is selected when a box appears at the center point Deleting a Crosshair Drawing There are two ways to delete the Crosshair tool 1 Select the Crosshair drawing by clicking on it and then press the Del Delete key on your keyboard 2 Place the mouse cursor over the Crosshair and then right click In the menu select Delete 68 Track n Trade Pro 4 0 User Manual Track n Trade Pro 4 0 User Manual 69 Charting Tools Charting Tools Deleting Only the Horizontal Vertical Line of the Crosshair Example of the Crosshair in Track n Trade Pro 1 Right click on the center point of the Crosshair to view the Properties EE be eee menu 2 Select Deselect Show Horizontal Vertical Line A check will appear in front of the item when it is selected Changing Properties of a Crosshair Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Crosshair Line Thickness Changes the thickness of the Crosshair lines Choose values from 1 6 Line Style Changes the line style of the Crosshair lines Choose from Solid Dashed Dotted and more Font Changes the font of the cursor price displayed Show Text If this option is selected the text will stay on the chart after the Crosshair has been drawn If this option is not selected the value will only appear when drawin
38. rt Click on Send to Back when you need to access a drawing under the Elliott Wave Drawing Dart Blip Formations The Dart Blip formation occurs when there is a dramatic price change which is followed by an equally dramatic price change There are two types of Darts Up and Down Dart Up Blip Formations This formation is where a sudden dramatic price increase occurs followed by an equally dramatic drop in price A dart formation can appear anywhere in a chart ATIP To Trade a Dart Up Place a SELL order on the break down of the Right Feather RF along with a stop loss order just above the Tip Trading on a Dart formation is extremely risky Dart Down Blip Formation This formation is where a sudden dramatic price decrease occurs followed by an equally dramatic increase in price A dart formation can appear any where in a chart dh To Trade a Dart Down Place a BUY order on the break up of the Right LE e Feather and then place your stop loss order right below the Tip Trading on a Dart formation is extremely risky TIP 106 Track n Trade Pro 4 0 User Manual Advanced Charting Tools Dart Blip Tool To chart a Dart Blip Up or Down formation use the Dart Blip Advanced Charting Tool Drawing a Dart Formation 1 Select the Dart tool from the Advanced Charting Tool Menu bar 2 Click your mouse on the Left Feather LF 3 Continue to hold down the mouse button while moving to the tip of the dart 4 Releas
39. the menu Changing Properties of the Line Tool To view the Properties menu right click on the Line drawing Properties that can be changed are Foreground Changes the top and bottom lines of the Line Choose values from 1 6 Line Thickness Changes the thickness of the line Choose values from 1 6 Line Style Changes the line style of the line Choose from Solid Dashed Dotted and more Show Extensions Changes how many action and reaction lines are showing on the chart Lock Extensions Once you have two or more action and reaction lines choose this feature to lock unlock them Track n Trade Pro 4 0 User Manual T3 Charting Tools 74 Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the Chart Window Click on Send to Back when you need to access a tool under the Line drawing Examples of the Line Tool in Track n Trade Pro Cates C fo May Kao Trend line tool with action and reaction lines Some contracts will have a continuous Line also Trend of alternating sup port and resistance You may illustrate these multi lines with the Line or Multi Line tools Drawing a Multi Line 1 Select the Multi Line Line tool 2 Leftclick on the chart where you want the Line to start 3 Move the mouse to the next point on the Multi Line and left click to place 4 Repeat step 3 until the last point When placing the last
40. tion is selected when boxes appear on the corners of the drawing 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Wedge Triangle Formation 1 Select the drawing by clicking on it 2 Drag to the new location and release the mouse button Deleting the Wedge Triangle Formation 1 Select the drawing by clicking on it and press the Del Delete key on your keyboard 2 Or right click on the formation and choose the Delete option in the menu Changing the Properties of the Triangle Formation Right click on the drawing to view the Properties menu Properties that can be changed are Foreground Changes the line color of the Triangle drawing Background Changes the inside color of the Triangle drawing Line Thickness Changes the thickness of the Triangle line Choose values from 1 6 Line Style Changes the line style of the Triangle line Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the Triangle drawing Track n Trade Pro 4 0 User Manual 95 Charting Tools Trend Fan 96 Trend fans are an extension of the regular trend line and they accent simple trend line trading concepts by extending the single trend line to a multiple of fan lines that give you a better look at a trend its retrac
41. und Changes the top and bottom lines of the Channel Background Changes the inside colors of the Channel Line Thickness Changes the thickness of the Channel lines Choose values from 1 6 Line Style Changes the line style of the Channel lines Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the tool This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a tool under the Channel drawing Track n Trade Pro 4 0 User Manual T9 Charting Tools 50 Retracements 80 07 Markets move in waves called retracements These waves have up and down trends Notice in the above diagram that the market is in an overall uptrend considered a Bull Market but that within the uptrend there are small areas where the market falls back or retraces each time establishing a new higher high The following chart displays an example with a down trend when a market is in an overall down trend it is considered a Bear Market In this chart you will see how the market made lower highs and lower lows while still maintaining the overall down trend Cain Dac 2001 TFF MARKET WAVES en Notice how far back those retracements went before they continued on in their original direction it is about 50 of the last move Track n Trade Pro 4 0 User Manual Charting Tools Corn Dec HD n C MP y P MT ih Mark
42. week ends therefore when looking at a futures chart often times it is difficult to determine how many actual days have passed while working a trade Line Thickness Changes the thickness of the Fibonacci Time Zone Line Choose values from 1 6 Line Style Changes the line style of the Fibonacci Time Zone Line Choose from Solid Dashed Dotted and more The number of trading days is also significant for traders using the number of trading days as a rule in conjunction with a formation For example with the 1 2 3 Top or Bottom formation many traders use the 10 20 50 rule This rule defines a 1 2 3 if there are 10 trading days between the 1 and 2 and 10 days between the 2 and 3 points Font Changes the Font Size Style and Color of the Fibonacci Time Zone numbers Show Text Select to vi hide th bers SS To calculate the actual or trading days on a chart use the Day Offset tool Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Days Higher and Lower Back when you need to access a drawing under the Fibonacci Time Zone Another statistic used alongside formations and other theories is the day higher and lower calculation This calculation determines how many days in Delete Select to delete tool a defined set of price bars were higher or lower A day is considered a Higher Day if the close is higher than any
43. wing 2 Click on one of the boxes to drag the select point and release the mouse button Moving the Arc Drawing 1 Select the arc by clicking on it 2 Drag to the new location and release the mouse button Deleting the Arc Drawing 1 Select the arc by clicking on it and press the Del Delete key on your keyboard 2 Or right click on the drawing and select the Delete option on the menu Foreground Line Thickness Line Style k Font Show Text Send To Back Delete Track n Trade Pro 4 0 User Manual Right click on the tool to view the Properties menu Properties that can be changed are Foreground Changes the line color of the arc Line Thickness Changes the thickness of the arc line Choose values from 1 6 Line Style Changes the line style of the arc line Choose from Solid Dashed Dotted and more Send to Back Changes the layer of the drawing This option is used when more than one drawing is in the same area of the chart Click on Send to Back when you need to access a drawing under the Arc tool drawing Delete Select to delete the tool Example of the Arc Tool in Track n Trade Pro Was WU Sopismksr ifl Track n Trade Pro 4 0 User Manual 127 Advanced Charting Tools 128 Track n Trade Pro 4 0 User Manual
44. yboard 2 Or right click on the channel tool and select Delete from the menu Resizing the N Channel 1 Select the drawing by clicking on it Note The drawing is selected when boxes appear on the corners 2 Click on one of the boxes on the corners to drag the select point and release the mouse button Changing Properties of an N Channel To view the Properties menu right click on the drawing Properties that can be changed are Foreground Changes the color for top and bottom lines of the Channel Background Changes the inside color of the Channel Line Thickness Changes the thickness of the Channel lines Choose values from 1 6 Line Style Changes the line style of the Channel lines Choose from Solid Dashed Dotted and more Font Changes font size style and color of text Show Text Select Deselect to view or hide the text on the Channel Send to Back Changes the layer of the drawing This option is used when more than one tool is in the same area of the chart Click on Send to Back when you need to access a drawing under the N Channel Drawing 82 Track n Trade Pro 4 0 User Manual Track n Trade Pro 4 0 User Manual 83 Charting Tools 1 2 3 Formations The 1 2 3 formation anticipates a change in trend This formation is identi fied as either a Top or Bottom 1 2 3 Top The 1 2 3 Top formation anticipates a change in trend from up to down on a break below the nu

Track `n Trade Pro

Contents

Download Pdf Manuals

Related Search

Related Contents