The Dow Indicator Swing Trading Systems actual trades are based not only on the curves of the Dow Indicator, but also on Michaels 28 years of trading and analysis skills including his Dylan Wave Theory which he uses to confirm and supercharge the trades.
Bellingham, WA (PRWEB) February 22, 2010
After many years of hard work, close to three decades of trading experience, and much proprietary knowledge having been put into the development of the Dow Indicator Swing Trading System, its founder and Master Trader Michael Dylan feels he has finally hit what he's been striving for. Michael and his team have worked tirelessly to create what he is now calling his 'best trading strategy yet', this being the Dow Indicator Swing Trading System v. 2.0 that was implemented for members mid October, 2009.
Michael says, "The Dow Indicator Swing Trading System was first launched to the public in May of 2007, and in 2008 Mirus Futures, a well known brokerage company in Chicago, added us to their Trade Assist program. Mirus's willingness to add us to their program was a milestone in itself. However, I don't feel it's until NOW that the true power of the Dow Indicator system is finally being unleashed!" That's quite a statement in light of the fact that in Dow Indicators' 1st full year of being traded live by Mirus Futures and their Trade Assist program, a 96% return on members' money was realized using the recommended starting account size AFTER all broker commissions were subtracted. It's interesting to note also that this return was achieved virtually 'hands off' for those members who chose to utilize Mirus's passive 'Trade Assist' program.
28 years ago as a young man, Michael sat down on his living room floor in front of his coffee table to figure out how to 'Beat the Market'. He felt that someone with his intelligence could have the answer within maybe about 6 months. After spending month after month on the floor of his apartment with what at the time were reams of paper charts since the personal computer hadn't really hit the scene yet, he still had not accomplished his goal. His ruling passion became figuring out why a price swing changed direction on a specific day or at a specific price. Those first months turned into years, and after at the expense of 24 of those years of which Michael spent almost every waking hour immersed in charts, mathematical formulations and eventually spreadsheets too numerous to count, he finally put down his proverbial pencil and began to unveil to the world what he had figured out and created.
He'll say it to your face, that it wasn't easy! "Many times after 18 hours a day, day after day, I questioned whether or not I was spinning my wheels, or putting together a framework of how and why the markets do what they do, and why they constantly change." Michael goes on to say, "I didn't want to just be profitable for a few years while the market acted a certain way, I wanted to figure out how the markets changed, why they change, and what had to be done to change along with them. I had to create a master dynamic understanding of the markets."
The Dow Indicator computer program that Michael created is extremely important to helping him know what swing phase the market is in at any given time, and is truly the workhorse of the system, however it's not enough as he'll tell you himself. The Dow Indicator Swing Trading Systems' actual trades are based not only on the curves of the Dow Indicator number that's generated daily, but also Michaels 28 years of trading and analysis skills including his Dylan Wave Theory which he uses to confirm and supercharge the Dow Indicators' outputs as well as determine proper dynamic stop losses and targets for each trade. "Getting into a trade of course is only the first step to making money in trading" says Michael. "The Dow Indicator Swing Trading System is a lot more than just a computer generated number."
Swing trading in Michaels mind is by leaps and bounds the best way to trade the futures markets when all things are factored in. For one, far less emotional/psychological mistakes are made relative to day trading, as well as simple order entry errors that even long time veteran traders will admit to still making. "The decision to swing trade is one of my 'Secret Weapons' in the difficult and amazing world of trading. In addition, compared to 'buy and hold' strategies, there is also much more ability for the turnover of capital when trading the daily bar charts of the Dow."
None of this is to say that Michael Dylan doesn't have a system for day trading too. More exciting though than any one day trading system that he's created, is what he's created to help ANY day trading system do better. In December, Dow Indicator launched it's Dow Indicator Trend™ for day traders. This day trading filter is now included at no extra charge to members of the Dow Indicator.
While http://www.dowindicator.com is where Michael's Swing Trading System can be found, there is even more on the horizon that he's been working on and will soon be ready to release. Michael says, "Stay tuned, we're just getting started!"
For more information, press only:
Joel Friant / 360-685-4261
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