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TRENDWAY III TRADING SYSTEMS - added information.
Comprised of 2 individual trading systems:
1. Trendway III Gold Trading System 2. Trendway Crude Oil Trading System.
Each system has a unique entry approach. #1 starts out trading 2 contracts with 2 different target exits per trade while #2 starts out trading 2 contracts per trade but is restricted to 1 target exit.
1:- TRENDWAY III GOLD TRADING SYSTEM
My original Trendway Gold Trading System was successful with quite favorable financial returns. But I always had in the back of my mind the thought that it could be improved and that the results, although favorable, had a ways to go before I was satisfied with the outcomes.
In other words, I thought the results were not as satisfactory as they could be.
So I continued to experiment with different approaches and finally settled on a similar plan of attack, but one that produced 3½ times the profit as the original system, and over the exact same time period.
I call this the TRENDWAY III GOLD TRADING SYSTEM.
Money management is an important aspect in trading, and to disregard it is to invite disaster. Your best bet is to start out small. I would suggest you start trading just 2 contracts per trade. Then as your equity climbs, to slowly add contracts. This is done automatically for you by the spreadsheet that accompanies the trading manual. It utilizes the Fixed Fractional Position Sizing approach and increases the number of contracts traded according to your determination of how much risk to your capital that you wish to employ per contract and by the stop loss you apply to each trade.
There are six contracts periods per year and so far, there hasn’t been a losing period.
It is a trend following system that determines, in a scientific way, the turning points made during market movement so that you, the trader, can enter a trade in the correct direction. And it does this with great accuracy.
This is a positive expectancy trading system and at 75% trading accuracy, profits are almost guaranteed – as long as you are disciplined in your trading and follow all the rules without personal interference.
2:- TRENDWAY CRUDE OIL TRADING SYSTEM
“Oil is the most traded commodity in the world.”
Why is oil so good? Because it’s one of the best trending contracts being traded. It is ideal for those who like swing trading, in contrast to day traders, and who like trading with the trend. It is the most traded commodity in the world because it is the most profitable. And also because you trade one thing from one chart. And by the way, it is an extremely profitable trading system. More on that later. The large crude oil contract trades at $1,000 per full point. so It doesn’t take many positive points to make your trading account look positively stunning.
The Trendway Crude Oil Trading System is primarily based on 3 pattern recognition signals. That’s all you have to memorize. There are no other technical indicators to use. It’s simply a matter of recognizing certain chart configurations based on daily price bars. You can trade this approach from end-of-day charts. You need just 15 minutes to determine if the latest price bar designates a possible entry tomorrow. If it does, you can place your entry on the open of the following day or at a specific designated price point, along with a stop loss – both in an OCO order. Each order consists of 2 contracts (to begin with).
What's the secret to this kind of success? Simple ... I've learned in 4 decades of investing that above all else, investing with a conservative, reduced-risk strategic money management system consistently and reliably beats other approaches. I've seen this approach succeed time and time again. It works especially well in unpredictable markets like today's.
The system has attempted to follow the old dictum of carrying a small stop loss of 2 points coupled with a larger target exit. The trading rules are very specific and have been instituted in order to cover any and every market movement that may occur.
As this is both a swing and short term trading system and recognizing that market conditions are always static, there may be gaps of time where a trade is not forthcoming. So patience is your primary virtue. Don’t attempt to trade for the sake of trading. Let the market come to you. You dictate the rules after which the odds will swing in your favor. Don’t get discouraged when the market moves against you. It does this to everyone, no matter what system you are using. Over time, with your winning trades exceeding your losing trades, it is only a matter of time when you will be in the black, and then you will see your equity curve point ever upwards. Hopefully to limits you never thought possible.
The trading manual is accompanied by an MS Excel spreadsheet that has a Fixed Fractional Position Sizing Calculator built-in. It determines how many contracts to trade per trade and varies as your equity (float) changes on a daily basis. This is the foundation that determines the spectacular results you see on the web site. The calculator determines that each trade, no matter how many contracts are traded, does not risk more on each trade than you determine is acceptable. That means the risk% on 2 contracts traded will be the same per contract as when you are trading 50 contracts per trade. This is a safety feature to protect you and will ensure you are around for a long, long time.
For safety reasons, ALL trades carry a stop loss and specific target exits.
IF YOU HAVE ANY TRADING QUESTIONS REGARDING EITHER TRADING SYSTEM, PLEASE EMAIL ME AND I WILL BE GLAD TO ANSWER THEM.
EMAIL: sp-bankbook@shaw.ca
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