Trade Stop and Explanation ICONS
With every trade, you will see several ICONS indicating what type of trade we are taking (i.e. technical, economic, fundamental, etc…) and whether to use a trailing, or hard stop.
There are two icons to look for here:
Denotes the use of a HARD STOP. I will manually move the stop up as the trade necessitates.
Denotes the use of a trailing stop. In extreme cases of volatility, I will use trailing stops, especially when I cannot be at my computer all night to watch the trading action. This will immediately improve the service for you.
In the Open Positions screen, you will also see the addition of a new field titled, "Stop Instructions."
Here, you will see either "Hard", or "Trailing", so that you know what type of trade to use. You will also see the icons in the trade explanation too - in the Intraday Updates box.
Trade Identification ICONS
As mentioned above, I am using trade identification icons now too, to make it easier for you to understand why we're taking the trade at all. The icons will appear in the Intraday Updates box, with the trade explanation.
The ICONs include:
Denotes a trade taken off technical developments within the market.
Specifically denotes a trade taken off a pitchfork setup - Added especially for all the pitchfork enthusiasts out there!
Specifically denotes a trade made on market probability. In many cases of reversals and channel positions, you will likely see the "P" icon.
Specifically denotes Bollinger Band trades, which is a subsection of probability. More often than not, when you see the Probability ICON, you will also see the "BB" Bollinger Band ICON as well.
Denotes a trade based on an Economic Event - You will likely want to make sure you read the explanation of the economic event at hand, so that you understand why we are making the trade we are.
Denotes a news-based trade, which can include changes in interest rates, fundamentals and/or some other event that will move markets. Please read the accompanying explanation!
Also, you will notice that I have added a Forex Force navigation window above the trade screen.
We have added the 2008 Crash Report, and Three Additional Reports, along with a separate page for service instructions. I expect to continue to add more items that will significantly help your trading in the weeks to come. I would greatly appreciate any/all feedback you may have, letting me know what would help you the most, and make the service even more effective for your trading!
Thank you,
Mark