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Bulletin Signals - Answers

 
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Bulletin Signals Answers

1)  How do I enter the Bulletin Signals page and how are the Signals delivered? We suggest that you bookmark the Real-Time Signals page. You can get there by clicking on “Real-Time Signals” on any navigation bar.

When you wish to enter the Signal page, if you are a Subscriber, click on the “Subscriber’s Entry” button at the top of the page. If you are a Free Trialer, click on the "Free Trial Entry" button located just below the Subscriber's Entry button. Enter your User name and Password when prompted. This will take you to the “Disclaimer and Liability” page. Now press the “Enable Real-Time Signals” button to initialize and receive our Real-Time Signals.

2)  What is the purpose of the “Test Open” Bulletin?
A “Test Open” Bulletin is issued at the moment of open of all markets traded by the Daytrader’s Bulletin that day.  We suggest you note how much lag there is between the open on your live data feed and the time you receive our “Test Open” Bulletin. This will indicate to you the quality of your Internet connection. If the delay is greater than several minutes, try reconnecting to your ISP.

3)  How do I know whether I have an Entry, Management, or Exit Bulletin Signal?
The Type Bulletin Signal issued is shown in uppercase large type at the top of the Signals page.

4)  If I trade single-lot sets, how do I know when to take my profits?
When to take profits on a single-lot trade set is problematical. Our suggestion is to take your profit when we issue our first Exit Bulletin, covering the original Entry Bulletin.

5)  How do I use the Price at Signal and +/- number field?
The Price at Signal field shows the security price when we issued the Bulletin Signal. We show this value in the event that the market begins to run immediately after we issue our Entry Bulletin Signal, or in the unlikely event of a technical delay.

If the market has started running, it is imperative that you do not chase the market. There will be plenty of other trades to take. The plus or minus entry adjustment amount means that you may take the trade if your current price is within that plus or minus range.

For example, if your Price at Signal  field showed 972.20 +/- 1.00, you could, with confidence, enter the trade between 973.20 and 971.20.  The Management Field would say, "Buy 3 S&P’s @ 973.50 STOP."

Let’s say you entered at 973.10.  Since our Stop is 130 points, you would place your protective buy stop at 974.40 (add 130 points to your entry price). The difference between our Price at Signal and our Management Stop should be added or subtracted to your fill price to determine your Management Stop.

This is always the case unless the Management or Status fields read Buy 3 S&P’s @ 973.50 STOP HARD. The word “Hard” indicates that no correction should be applied to the Management Stop; 973.50 is your protective buy stop, regardless of your fill.

6)  When the Status bar says “flat,” what does that mean?
The Status bar alerts you when you should be flat; that is, you have no open contracts working in the market. This assures that you remain a daytrader; you don’t want to carry any contracts overnight.

7)  Should I just “jump in” and start trading the Bulletin Signals?  What is your suggestion on how to get started?
To begin, you should read all of the FAQs and the Guide.  You will find critical how-to’s and techniques on how to use the Overnight Update and Bulletin Signals.

You should then place our Support/Resistance levels on your 1- or 3-minute charts and follow the Signals throughout the day, paper trading if necessary to acclimate yourself to our procedures and pace.

8)  What sort of schedule would someone follow to maximize their use of the Overnight Update and the Bulletin Signals?
A typical schedule would look like this (all times are Central):

      a)  8:30 a.m. Note any lag between the S&P500 open on your real-time data feed and the reception of the “Test Open” Bulletin issued at the open.

      b)  Carefully follow and take the Bulletin Signals throughout the day.

      c)  Receive and print the Overnight Update. Compare your results and execution with that shown in the Current Performance page. 

      d)  Review the Commentary page (in the Overnight Update) for what transpired that trading day.

      e)  Read the Commentary page (in the Overnight Update) for what we anticipate will occur the following day.

      f)  Draw the Support/Resistance levels on your chart(s) for the following day.

      g)  The Cycle Timing page(s) should be handy and reviewed during the following trading session. Pay especial attention when a Cycle Timing Point and Support/Resistance level occur simultaneously.   

      h)  Reread the Commentary page (in the Overnight Update) for what we anticipate will occur the following day.

      i)  Add any studies or techniques which you believe will aid you in taking a signal. Our Tips, Tricks & Techniques pages are an excellent resource for these techniques.

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