1."52 HIGH" - This column gives the 52 week high reading.
2."TR RES" - This is the trendline resistance.
3."1stPwRES" - This column give the new high reading.
4."POSMOM" - This is the positive momentum reading.
5."2BC BUY" - This is the first pulsewave price trigger resistance buy reading.
6."Uptrend" - This is the uptrend reading.
7."Downtren" - This is the downtrend reading.
8."2BC SELL" - This is the first pulsewave price trigger support sell reading.
9."NEGMOM" - This is the negative momentum reading.
10."1stPWSUP" - This column gives the new low reading.
11."TR SUP" - This is the trendline support.
12."52 LOW" - This column gives the 52 week low reading.
{============================================================}
1."52 HIGH" - This column gives the new high resistance reading.
How to Read: This column will give you the 3rd entry point and/or profit target.
2."TR RES" - This is the trendline resistance.
How to Read: When this column reads "0.00" it means that the market is pulsewaving positive i.e. uptrend channel.
3."1stPwRES" - This is the first pulsewave price trigger resistance buy reading.
How to Read: This is the 2nd long entry price trigger.
4."POSMOM" - This is the positive momentum reading.
How to Read: A reading of "911" indicates a rally alert.
A reading of "411" indicates a possible trend reversal.
A reading of "365" indicates a new 52 week high.
A reading of "10" indicates a new 10 day/week high.
A reading of "78" indicates a market that is pulsewaving positive.
What are PulseWaves?: Pulsewaves are powerful intraday trends in the market.
5."2BC BUY" - This is the first buy trigger reading.
How to Read: This is the first trade of the week. This price triggers puts you ahead of the
crowd at the begining of the move.
6."Uptrend" - This is the uptrend reading.
How to Read: A reading of "88" indicates a sideways market trading inside of the "Kumo Cloud
of death". The Kumo Cloud is where prices remain consolidated until they break out of the cloud.
A reading of "70" indicates a market that is in a powerful long term uptrend where prices
are trading above both the short & long term trendlines.
A reading of "18" indicates a market that is in an uptrend as prices are trading above the
short term trendline.
A reading of "52" indicates a market that is in an uptrend as prices are trading above the
long term trendline.
7."Downtren" - This is the downtrend reading.
How to Read: A reading of "-88" indicates a sideways market trading inside of the "Kumo Cloud
of death". The Kumo Cloud is where prices remain consolidated until they break down
out of the cloud.
A reading of "-70" indicates a market that is in a powerful long term downtrend where prices
are trading below both the short & long term trendlines.
A reading of "-18" indicates a market that is in an downtrend as prices are trading below the
short term trendline.
A reading of "-52" indicates a market that is in an downtrend as prices are trading below the
long term trendline.
8."2BC SELL" - This is the first sell trigger reading.
How to Read: This is the first trade of the week. This price triggers puts you ahead of the
crowd at the beginning of the move.
9."NEGMOM" - This is the negative momentum reading.
How to Read: A reading of "911" indicates a crash alert.
A reading of "411" indicates a possible trend reversal.
A reading of "365" indicates a new 52 week low.
A reading of "10" indicates a new 10 day/week low.
A reading of "78" indicates a market that is pulsewaving negative.
10."1stPWSUP" - This is the first pulsewave price trigger support sell reading.
How to Read: This is the 2nd short entry price trigger.
11."TR SUP" - This is the trendline support.
How to Read: When this column reads "0.00" it means that the market is pulsewaving negative i.e. downtrend channel.
12."52 LOW" - This column gives the new low support reading.
How to Read: This column will give you the 3rd entry point and/or profit target.
{=====================================================================}
Rules of The Vulcan Report
|
||||||||
*Trade Set ups of the
2 Bar Charlie System
|
||||||||
*Momentum:
|
||||||||
Consolidated
intra-day plays i.e. "day trades".
|
||||||||
Look for
the "Buy, Sell or Neutral" signal under the "MOMENTUM"
section in the FORECAST Matrix.
|
||||||||
Watch
& Wait for the pullback toward "Intra-Day Res/Sup"
|
||||||||
to be
confirmed before placing the buy/sell -limit order
|
||||||||
especially
if the todays open is above today's price trigger
|
||||||||
on long
entries and if the open is below today's price trigger on sell entries.
|
||||||||
Watch & Wait for support/resistance to be confirmed before
entry.
|
||||||||
On occasion you may have to actually enter on the Res/Sup
Intra-Day Signal
|
||||||||
if Support/Resistance is confirmed but neither
|
||||||||
the ("Breakout/Breakdown nor the "Intra-Day
Trigger") is triggered.
|
||||||||
Regardless of which one is filled first (I.e. the
"Breakout/Breakdown" or "Intra-day Trigger")
|
||||||||
you may use the opposite order as your profit target and/or
stop and reverse in certain
|
||||||||
market conditions.
|
||||||||
*NOTE: ALWAYS trade in the direction of the TREND.
|
||||||||
If the "Breakout/Breakdown" or "Intra-Day
Trigger" are triggered then use the other
|
||||||||
"trigger" as your profit target exit , Stop-Loss
and/or Stop & Reverse.
|
||||||||
*Res/Sup Intra-Day:
|
||||||||
This is
your secondary signal. Look for this signal in the "Res/Sup
Intra-Day" section of the MATRIX.
|
||||||||
Also see
rules under the "Momentum" section.
|
||||||||
*Volatility Channel Break-Out System:
|
||||||||
This is
your primary signal.
|
||||||||
These days
are less common but have a very high accuracy rate and are major trade
signals.
|
||||||||
These
types of breakout/breakdowns tend to be very powerful moves
|
||||||||
and are
typical within the current market trend.
|
||||||||
Usually,
they occur while in a brief consolidation within the current trend
|
||||||||
after a
strong move (but not always).
|
||||||||
Look for
this signal in the "Breakout/Intra-Day" section of the report.
|
||||||||
A
neutral reading means that trades above the Breakout Trigger = long entries
|
||||||||
and trades
below the Intra-Day trigger = short entries.
|
||||||||
During a
"Neutral" reading on an Intraday basis
|
||||||||
You will
have to wait and watch for prices to retreat back
|
||||||||
into the
VCB price channel to confirm your entry point.
|
||||||||
TRENDING DAYS:
|
||||||||
In an
uptrend you are looking for either "BUY" in an
uptrending market
|
||||||||
and a
"SELL" signal in a falling mkt..
|
||||||||
In an
uptrend you will want to buy both the Breakout buy trigger & the quick
long trigger.
|
||||||||
with the
quick long trigger being the best possible entry
|
||||||||
and the
Breakout being the secondary entry point.
|
||||||||
Likewise
in a downtrend you will want to sell both the Breakdownt & the quick
short trigger.
|
||||||||
with the
quick short trigger being the best possible entry
|
||||||||
and the
Breakdown being the secondary entry point.
|
||||||||
*GAP
MOVE ON THE OPEN:
|
||||||||
NOTE: If opening prices collapse below the "Intra-Day
SUPPORT" then use this
|
||||||||
level to catch the reversal on the "long" side.
Likewise if opening prices rally
|
||||||||
above the "Intra-Day RESISTANCE then use this level to catch
the
|
||||||||
reversal on the "short" side.
|
||||||||
*TRADE ENTRY &
EXIT RULES:
|
||||||||
Wait until
after 9:30am EST before trade entry.
|
||||||||
Cancel
order if not filled by 11:30am EST.
|
||||||||
There are
always exceptions to this rule.
|
||||||||
Rules are
ment to be a guide and are not set in stone.
|
||||||||
You must
learn to use some discretion in your trading.
|
||||||||
Even if
"both" the Momentum AND the Breakout/Intra-Day signals
|
||||||||
are
triggered you must decide which one to follow.
|
||||||||
It is
always a good rule of thumb to follow the
|
||||||||
primary
Breakout and Intra-Day Swing Trade signals.
|
||||||||
HOW TO TRADE THE
"GAP":
|
||||||||
In a
Bullish 40-Day Trend Do Not place the buy stop-limit order if after the open
the market
|
||||||||
is trading
above Intra-Day Resistance and or yesterday's High.
|
||||||||
In a
Bearish 40-Day Trend Do Not place the sell stop-limit order if after the open
the market
|
||||||||
is trading
below Intra-day Support and or yesterday's Low.
|
||||||||
It is
ALWAYS better to refer to the intra-day 60-min & 5-min charts for a
possible
|
||||||||
2 Bar
Charlie & trend reversal signals before placing the trade when trading or
fading the GAP.
|
||||||||
The system
is on the sidelines unless the entry point is triggered.
|
||||||||
*Stop-Loss/Profit
Targets:
|
||||||||
The profit
target is to be used as a guide to either move your stop-loss to breakeven
|
||||||||
or take
profit in uncertain market conditions
|
||||||||
You may
also use the profit target if you don't have the time to watch the market
|
||||||||
and would
like to take quick profits.
|
||||||||
On
"ALL" Single Stock Index Futures AND Commodity Futures trades use a
1.25 - 3.25 initial stop-loss
|
||||||||
with a
.20-1.25 initial profit target.
|
||||||||
(You can
use the initial profit target as
|
||||||||
your
signal to move your stop-loss to break-even
|
||||||||
and use it
as a "trailing stop" or you can get out and take profit at this
point)
|
||||||||
On
"ALL" E-mini S&P 500 Stock Index Futures "SWING"
trades use a 7.25 initial stop-loss
|
||||||||
with a
3.00 point initial profit target. Use an initial 2.00 - 3.00 point stoploss
on daytrades.
|
||||||||
(You can
use the initial profit target as your signal to move your stop-loss to
break-even
|
||||||||
and use it
as a "trailing stop" or you can get out and take profit at this
point)
|
||||||||
On
"ALL" E-mini NASDAQ 100 Stock Index Futures "SWING"
trades use an initial 18.50 stop-loss
|
||||||||
with a
7.50 point initial profit target. Use an initial 7.00 - 10.00 point stoploss
on daytrades.
|
||||||||
(You can
use the initial profit target as your signal to move your stop-loss
to break-even
|
||||||||
and use it
as a "trailing stop" or you can get out and take profit at this
point)
|
||||||||
REMINDER
|
||||||||
Kindly
note that do to changing market conditions the above commentary and its
precise entry
|
||||||||
and
exit points, stop-loss levels and positions could change without notice.
Positions also
|
||||||||
could be
liquidated, and/or new positions added without notice.
|
||||||||
If
you have any questions please feel free to contact me: Email: pulsescan72@gmail.com
|
||||||||
***************************DISCLAIMER*****************************
|
||||||||
THERE
IS RISK OF LOSS IN TRADING FUTURES.
|
||||||||
This
proprietary research is not intended for duplication or distribution in any
form including but not
|
||||||||
limited
to faxing, photocopying, email forwarding or other duplicating technologies
to third parties
|
||||||||
or
individuals within or without any organization or from any individual
recipient for any reason
|
||||||||
whatsoever.
Unauthorized distribution is a violation of copyright law and violators will
be traced and prosecuted.
|
||||||||
The
preceding comments should in no way be construed as a trading system.
PulseScan Technology LLC
|
||||||||
does
not hold itself out to be a CTA, and cumulative theoretical profits and
losses
|
||||||||
as
a result of market comments should not be interpreted as any kind of track
record or performance
|
||||||||
table.
All market comments and opinions are based on the analysis of market cycles
and are, by
|
||||||||
nature,
subjective and interpretive. Each market segment has its own inherent risk
and this risk will
|
||||||||
fluctuate
depending on market conditions. Depending on the size of the
trading account and the
|
||||||||
risk
involved in any particular market segment at any particular time, not all
proposed trades are
|
||||||||
suitable
for all accounts. Participation in any proposed trade and risk parameter
should be
|
||||||||
discussed
with your broker with regard to suitability for your account size.
|
||||||||
Participation
in all market segments, all proposed trades, and all risk parameters is based
on the
|
||||||||
conception
of a $100,000 account. Futures and options trading involves substantial risk.
The
|
||||||||
valuation
of futures and options may fluctuate, and, as a result, clients may lose more
than their
|
||||||||
original
investment. In no event should the content of this letter be construed as an
express or an
|
||||||||
implied
promise, guarantee, or implication by or from PulseScan Technology LLC. that
you will profit
|
||||||||
or that
losses can or will be limited in any manner whatsoever. Past results are no
indication of
|
||||||||
future
performance. Information provided in this correspondence is intended solely
for
|
||||||||
informative
purposes and is obtained from sources believed to be reliable. Information is
in no way
|
||||||||
guaranteed.
No guarantee of any kind is implied or possible where projections of future
conditions
|
||||||||
are
attempted. The risk of loss in trading commodities can be substantial. You
should carefully
|
||||||||
consider
whether such trading is suitable for you in light of your personal
circumstances and
|
||||||||
financial
resources. Only risk capital should be used.
|
||||||||
Futures
trading has large potential rewards, but also large potential risks. You must
|
||||||||
be
aware of the risks and willing to accept them in order to speculate in the
Futures Markets.
|
||||||||
Dont
trade with money you can't afford to lose.
|
||||||||
This
is neither a solicitation nor an offer to buy/sell Futures.
|
||||||||
Pulse
Scan Technology does not accept any liability in this regard.
|
||||||||
NOTICE:
Hypothetical or simulated performance results have certain limitations.
Unlike an actual performance
|
||||||||
record, simulated results do not represent actual trading. Also since
the trades have not actually been executed,
|
||||||||
and
the results may have under or overcompensated for the impact, if any, of
certain market factors, such as
|
||||||||
lack of
liquidity. Simulated trading programs in general are also subject to the fact
that they are designed with
|
||||||||
the
benefit of hindsight. No representation is being made that any account will
or is likely to achieve profits or
|
||||||||
losses
similar to those shown.This is neither a solicitation nor advertisement nor offer
to buy/sell securities,
|
||||||||
futures,
or foreign currencies. Neither, Pulse Scan Technologies, its staff nor
affiliates are licensed Investment
|
||||||||
Advisors
or Broker Dealers. You should seek professional advise from your financial
advisor before making
|
||||||||
any
investment decisions.The author assumes no responsibilities for actions taken
by readers. The author is
|
||||||||
not
providing investment advice. The author does not make any claims, promises,
or guarantees that any
|
||||||||
suggestions,
systems, methods, trading strategies, or information will result in a profit,
loss, or any other
|
||||||||
desired
result. All readers assume all risk, including but not limited to the risk of
losses.The past result
|
||||||||
of
any trading or investment system is not necessarily indicative of future
performance.These views/
|
||||||||
forecasts/
suggestions, though preferred with the best of intentions, are based on our
reading of the market
|
||||||||
at the
time of writing. They are subject to change without notice. Though the
information sources are
|
||||||||
believed
to be reliable, the information is not guaranteed for accuracy. Those acting
in the market on the
|
||||||||
basis
of these are themselves responsibly for any profits or losses that might
occur, without recourse
|
||||||||
to
us. World financial markets, and especially the Foreign Exchange markets, are
inherently risky
|
||||||||
and it is
assumed that those who trade these markets are fully aware of the risk of
real loss involved
|
||||||||
.Pulse
Scan Technology tries to ensure that the information provided is complete and
correct but information
|
||||||||
and
opinions do change without notice so readers are advised to check back
regularly before making
|
||||||||
any
decisions. There may be delays, omissions or inaccuracies in information
contained in this website,
|
||||||||
E-mail,
Newsletter, correspondence, and ALL written and/or verbal, radio broadcast,
Telephonic and electronic mediums.
|
||||||||
Pulse
Scan Technology does not accept any liability in this regard.
|
||||||||
Copyright
©2004 PulseScan Technology, All rights reserved
|
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
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