NewswireToday - /newswire/ -
Austin, TX, United States, 2011/01/06 - As more and more people seek to find ways to supplement their income by trading the markets, a new company, TriggerPoint Trading, launches this month, introducing its one-of-a-kind software with clear, color-coded indicators.
Based on Wyckoff, TriggerPoint's software helps individuals identify market trends through Springs and Upthrusts, and trade faster than before using the indicators as a guide.
Although Wyckoff was an innovative trader of his time, it is now that his principles and methodologies are picking up steam. Evolving technology has allowed traders to learn and see firsthand how his methodologies are proven in the market. TriggerPoint Trading software is born from Wyckoff principles and is the first to offer a program for traders that decreases the barriers individuals encounter when trying to understand how the market works, in all timeframes.
"Our goal is to clear the clutter for traders at every level," said Sheennan Showers, COO and Co-Founder of TriggerPoint Trading. "For the first time, everyone now has access to a software program to understand how the market is moving, get in and out of trading at their convenience with little studying of charts and education." He adds that while the indicators are based on a proven formula, the need to study numerous types of technical analysis is removed. The goal: to help traders make better and easier trading decisions simply by letting the color-coded indicators do the work.
"I spend most of my time educating people on Wyckoff principles and methodologies," said Gary Fullett, registered commodity broker, Branch Manager of LTG Trading and Lead Educator for TriggerPoint Trading. "TriggerPoint has added a new element, making Wyckoff easier to understand so people can trade faster and smarter."
How TriggerPoint Software Works
TriggerPoint software identifies two trade setups, Wyckoff Springs, for identifying when the market/trading instrument has hit support and can rally up (buying opportunity) and Wyckoff Upthrusts, for identifying when the market/trading instrument has hit resistance and about to drop (selling or shorting opportunity).
Other features include:
Up to 16 different charts viewable at one time
Multiple symbol list with 100 symbols per list
Indicators showing in symbol list for quick view of status
Ability to sort symbols by indicator column
Technical studies available with customization
Ability to draw trend-lines and make comments on the charts itself
Five-color trending system showing detailed changes in market behavior
Current bar time period countdown
Indicators that show possible Wyckoff principled Springs and Upthrusts (yellow for Springs and orange for Upthrusts)
Indicators that show a strong indication of trend changes prior to confirmation (blue for Springs and purple for Upthrusts)
Indicators that show you a crosshair for confirmation of Spring and Upthrusts (green crosshair for Spring, and red crosshair for Upthrusts)
Data viewable in all time frames including daily, weekly and monthly for equities
Works in the different markets, Commodities, Futures, Forex and Equities
TriggerPoint offers access to its software program for a monthly subscription fee of $249.95, which includes a 10-day trial period and all upgrades and updates. Monthly fee does not include data subscription fees. Regular webinars and seminars are in the works, including the first, a free introduction to TriggerPoint, with Gary Fullett Tuesday, January 11 from 8:00-11:00 am. Register at TriggerPointTrading.com/Events.
About TriggerPoint Trading
Headquartered out of Austin, Texas, TriggerPoint Trading (TriggerPointTrading.com) also has an office in Chicago, Illinois. It was founded by trading industry and software development veterans Sheennan Showers and Michael Cumming (RealTimeData.com). TriggerPoint Trading's mission is to create software to help potential investors and traders easily and simply identify changes in market trends. Based on two proven Richard D. Wyckoff methods (focuses on price, action and volume) individuals can identify Springs and Upthrusts, which can indicate how the market is moving to improve trading accuracy. TriggerPoint's proprietary color-coded indicators help traders at every level increase their aim on the markets.