The Flag-Trader trading package was released this week and is already creating something of a stir among traders – as far as that is possible in this week of market turmoil! As Flag-Trader actually takes profits from volatility either up or down then even the most dramatic of recent events are safe trading opportunities with the right protection in place.
Flags are among the earliest chart patterns taught to new traders but it would be a mistake to dismiss Flag-Trader as being for beginners. No, it's a strategy for traders who want to make profits – and to keep hold of those profits once they are made.
While Flag-Trader addresses the needs of the beginner with a combination of simplicity, clear instructions and the essential ingredient of access to Guy's own online software, he addresses the needs of every trader by showing clearly how to avoid losses, secure profits and to ride the big winners.
Among several powerful tools that Guy has added to this conventional flags technique is his proprietary Traderfinder software tuned to identify a small number of candidate flag trades that gives real value to this package.
Scouring all of the markets to identify a small number of candidates flags to review manually and apply the training in entry, exit and trade management this tool ensures that it does not take long to place trades that are very safe – but also have the potential to ride the big moves into substantial profit.
Guy gave us access to a pre-release version of Flag-Trader that has been the source of my comments on this site. Check out the 'What You Get..' section in the right column to find out what's inside the box and read the full Flag-Trader Review page.
Don't forget to sign up (top right corner) to be among the first to get new information as soon as it is released.
Stop Press: The Flag-Trader sales site is now open for business at www.flag-trader.com
Flag chart patterns are one of the simplest chart patterns in technical analysis and are frequently overlooked by traders as their education proceeds and they move on to more complex strategies.
Yet the word is that those chart patterns, both bull flag and bear flag are the basis of a new product being developed by Guy Cohen, author of the successful option trading strategy that he refers to as Illuminati-Trader.
As Guy has explained on his blog the trading conditions for his favourite options straddle strategy have not been good over recent months as the markets are going through dramatic changes. Yet at the same time some of his customers have been reporting dramatic success using only a single element of Illuminati-Trader.
Guy's Tradefinder online software to which his customers gain access is fine tuned to locate suitable breakout candidates including bull and bear flag chart patterns. Under his guidance and using just this element his customers have been reporting some great success. The result is that he has been developing a new product for release in the near future that he tells me is going to be called, wait for it; 'Flag Trader' surprise, surprise.
Indications are for a release in the next few weeks so look out for more information on Flag Trader. We will be bringing you our own views on the subject just as soon as we have worked our way through the preview copy we are currently taking to pieces.