Monday, November 2, 2009

TeleChart

asr: for easy of charting ( multi-time frames , industry groups etc..) we can keep Telecharts. If we need to use Alchamy indicators we can have Tradestaion for that purpose.

TeleChart features
This is where the magic of TeleChart begins
One click automatically maintains a highly-indexed, massive stock market databank locally on your hard drive. This results in blazing speed for your custom sorts, charts and scans. You simply cannot attain these lightning speeds when the data is located somewhere else on the Internet. Plus, you can take it with you everywhere you go - on an airplane, in a restaurant or on your living room couch.

Know your industry - it pays off
One click gives you instant access to the current stock's industry WatchList, relative strength, and comparison chart. This allows you to easily get a feel for a stock’s strength within its industry as well as the industry’s overall strength while browsing charts

Create your own custom layouts
Place up to 8 charts across two monitors arranged any way you'd like. Synchronize them by time frame, symbol, and/or indicators. Save as many of your favorite layouts as you'd like.

Ice breakers to kick-start your mind
The note window is more than a place to file away and organize your own thoughts. It includes an archive of hundreds of real-life charting lessons

Got your own math formulas you want to test?
Easily add them into the system. Personal Criteria Formulas are your way to get EXACTLY what you are looking for out of TeleChart. Think of them as building blocks

Checking multiple timeframes will probably impact the results of your trades more than anything else you can do. The good news for you is that most traders simply don't take the time do it. With TeleChart, it's so quick and easy - you will.


Tele charts Price scales
http://www.jimcooper.biz/stockcharts/misc/Using%20Fixed%20Percent%20on%20Telechart%20Price%20Scales%20080907.pdf


education
Don Worden defines the essential attributes of an effective trader and shares the Seven Uses of Technical Analysis - only one of which, he argues, is prediction.

1) Mr.K said it is worth it ( price)

( we saw. it has McCallon T21026 etc.. unique indicator are there )

2) Mr. traderMike uses it ( charts posted )

3) this pro trader use it
This software comes with the proprietary indicators of TimeSegmentVolume, Balance Of Power, and Moneystream that you can not get in any other software package. Though I do not use these indicators alone to justify a long or short, I do use them with the price and volume to make sure that everything is lined up and that the buying is on my side (or selling if I was looking to go short).

The bottom line is that this IS the finest software available. It is the ONLY tool that I could NOT do without. If I did not have my Telechart program to scan the market to find the best candidates

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