How to Use the "Entry Signals" Page to Plan Your Trades

This document will describe how to use the Probable Trades trade signal screen, and how it can help you be a more profitable trader.

The trade signals are generated daily after the market close, usually 1-2 hours after the close. Check the date at the top of the page to make sure you are looking at the signals generated on the most previous trading day that just ended. In the example above, the signals were generated on December 9th, 2014 and the trader should enter their positions on the next trading day, in this case, December 10th, 2014.

Trade Filter Controls

Sometimes many trade signal will be available and the astute trader will only want to take the best available trades so some filtering is appropriate. These controls help filter out the trades. Each control is described below.


How to use the Entry Signals page to plan your trades

Trade Grid

The Trade Grid is where trade entry signals are displayed. It is designed to be very graphical in order to make it easy for you to decipher while planning for your trades the next day.

How to Use the Trade Grid

Challenges

It's important that you learn to take the trades that make most sense to you. It may be hard to understand this because you're thinking "I just want to take the trades that make me money." However, if you're new to trading, you will come to realize there are many ways to make money trading, but some ways are more difficult to "follow" due to difficulties executing the trades and following the plan. These might include things such as

  1. You're not available at the times you are recommended to take the trades
  2. Your broker's commissions are too high for a certain style of trading
  3. You don't have enough capital or leverage to properly diversify your trades
  4. The risk/reward ratios aren't to your liking and normal draw down periods are too psychologically damaging to your trading confidence
While we may recommend some ways to take these trades, you'll find that you'll learn to tailor a style that is "yours" instead of just following our exact way of taking the trades. Also, these setps should be considered in the context of the current market, so, for example, if you're getting lots of buy signals, and the market feels over-bought and you believe we might get a pull-back or sell-off, for whatever reason, you may be better off taking fewer BUY signals, trade them with smaller position sizes, or not take any more Long trades at all.