Guidance Chart has been popular among the successful traders using AbleTrend. Guidance Chart combines 2 time frames and 2 different AbleTrend algorithms into 1 chart and helps to filter out false signals. Usually 3min/9min, 10min/30min for day trading and daily/weekly for swing trading.
Guidance Chart provides two advantages:
- Within one chart, Guidance Chart helps trader to detect the market trend with longer time frame (avoid market noises with shorter time frames);
- Also it empowers traders to manage risk with the proper stops (compared to stops with longer time frames) and to get better entry prices. Here is an example of 10min/30 min Guidance Chart for yesterday’s EUR/USD trade.
The example above shows the effect of having 30-minute T2(support/resistance) signals overlaid onto a 10-minute chart of EUR/USD. The higher time frame guidance resistance level is plotted with pink Xs, showing the major trend remained unbroken throughout the trade.
The best way to learn a skill using trading software is by practicing it. Though the webinars and free one on one trading sessions will help you to prepare for actual trading on the live markets, it will not tell you how your psychology will react to the experience. This insight is gained only through experience, so give AbleSys trading indicators a try today. To get extra 10% off for AbleTrend 7.0 30-day trial, here is the code: WTMF10 (order online).
You may also learn more about AbleTrend on our blog: blog.ablesys.com
And watch archived sessions from our introductory and member’s webinar series: Click here to view our youtube page
I welcome your feedback. Did you like today’s message? What other topics would you like to see? Please let me know at gracezh@ablesys.com
With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com