Twin Falls Idaho (PRWEB) November 6, 2007
Mark Deaton of http://www.candlestickgenius.com has just released a candlestick squeeze trading system to the public, and the best part is the download is free.
The system uses candlestick patterns and volatility to identify high probability stock or option entries. The system also uses the volatility index of the S&P's to identify high probability zones.
"My system is unique in that it uses both candlestick patterns and the VIX together to identify potential entry targets. This allows for some amazingly high probability trades."
Mr. Deaton has said that you may not trade as often, but when you do, you are pretty likely to forecast price action successfully.
Candlestick Patterns have been around for over 4000 years, used by the Japanese very successfully in the rice markets. Only recently did Steve Nison bring Japanese candlestick to the west.
"I find that a trade signal and trigger with my system usually gets me into a trade on a daily chart that lasts 3-5 days. Sometimes longer but 3-5 days is what I'm looking for. I also have a rule that I don't mention on the manual, but if my trade produces a 10% profit in the same day I enter I close the whole position."
To download a complimentary copy of the course visit http://www.candlestickgenius.com
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