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Identifying tops and bottoms



Pullbacks and Retraces



Applying the JFTSForcesCore indicator.

Final considerations.

Final considerations.

I always trade in discretionary mode.

Understanding the indicators allows you to at least anticipate possible entries.

As mentioned on the home page, it is extremely difficult to obtain a parameterization that remains consistent over days in terms of profits.

Operating in discretionary mode and knowing the indicators, once you visualize the conditions for an entry, you can switch the JFTSAutoTrader strategy to Auto mode.

Thus, once the other forces evaluated internally, as well as the existence of a pattern, generate the input signal, the order will be sent immediately.

There are three situations from the input:

1) The operation does not evolve but neither does it go backwards.

2) The market shows signs of turning with the possibility of generating a stop.

3) The operation evolves and shows to be very promising.

In either case, only with practice and careful observation of the various signals on the chart can we define how to conduct the current trade.

Lose little, follow the profit plan, if the market smiles at you, use the Trigger or StopLoss control, which can be moved to other levels.

Automated trading does not mean go fishing while your computer trades for you.

I highly recommend that you are within close proximity to your computer while it is running an automated trading strategy; you never know what can go wrong.

JFTS AutoTrader is a nice tool for auto and discretionary trading

Risk Disclosure:

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment.

Risk capital is money that can be lost without jeopardizing ones’ financial security or life style.

Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading.

For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results.

There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.