Track `n Trade Pro

Track `n Trade Pro
Track ‘n Trade Pro
Version 4.0
Accumulating Wealth One Tic at a Time! ®
Analyzing Charts with
Charting Tools
Charting Tools
Charting Tools
Analyzing Charts with Charting
Tools
Applying Technical Formations
Introduction
Track ‘n Trade Pro has a complete set of Charting Tools that enable the
futures trader to apply concepts from Technical Analysis to their charting.
Take a look at some of the Technical Analysis formations and trends in this
chapter and see how to apply these concepts in trading with Track ‘n Trade
Pro charting tools.
For more information on these formations and tools see Gecko Software
Educational CD’s available at www.trackntrade.com
The first tool in the Charting Toolbar is the Crosshair Tool. Although this tool
is not used in helping you define and technically analyze data, it is used
when lining up your technical indicators and recurring price patterns.
Crosshair Tool
The Crosshair tool is used to draw a line vertically and horizontally on the
chart. The vertical line is drawn through the Indicator Window as well. To
help place the Crosshair line on a specific value you will notice the cursor
price is displayed on the vertical line of the Crosshair.
Charting a Crosshair:
1. Select the Crosshair tool from the Charting Toolbar.
2. Click on the Chart Window to place the Crosshair.
Moving a Crosshair Drawing:
1.To select the Crosshair, click on the center point or lines of the crosshair
and drag to the new location, release mouse button to place. Note: The
tool is selected when a box appears at the center point.
Deleting a Crosshair Drawing:
There are two ways to delete the Crosshair tool.
1.Select the Crosshair drawing by clicking on it, and then press the
Del(Delete) key on your keyboard.
2.Place the mouse cursor over the Crosshair and then right-click. In the
menu, select “Delete”.
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Charting Tools
Deleting Only the Horizontal/Vertical Line of the Crosshair:
1.Right-click on the center point of the Crosshair to view the Properties
menu.
2.Select/Deselect “Show Horizontal (Vertical) Line”. A check will appear in
front of the item when it is selected.
Example of the Crosshair in Track ‘n Trade Pro:
Changing Properties of a Crosshair:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Crosshair.
Line Thickness - Changes the thickness of the Crosshair lines. Choose
values from 1-6.
Line Style - Changes the line style of the Crosshair lines. Choose from
Solid, Dashed, Dotted, and more.
Font - Changes the font of the cursor price displayed.
Show Text - If this option is selected, the text will stay on the chart after the
Crosshair has been drawn. If this option is not selected, the value will only
appear when drawing the Crosshair.
Vertical Line - Select/Deselect to view or hide the vertical Crosshair line.
Note: If both the vertical and horizontal lines are deselected, the crosshair
tool will be deleted.
Show Horizontal Line - Select/Deselect to view or hide the horizontal Crosshair line. Note: If both the vertical and horizontal lines are deselected, the
crosshair tool will be deleted.
Setting - To define the date and value of the Crosshair, select settings and
type in the values. You can also choose to view or not view the horizontal
and vertical lines.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access a tool under the Crosshair.
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Charting Tools
Charting Tools
Technical Analysis
The remaining nine Charting Tools are used to identify Technical Analysis
formations and trends. Take a look at the different patterns available then
read about how to use each of the charting tools and apply the technical
concepts learned.
Support
Markets have a tendency to move in troughs and peaks, or more appropriately “Support and Resistance”. These troughs are called Support. The term
is self-explanatory and indicates that support is a level or area on the chart
“under the market” where buying interest is strong enough to overcome selling pressure. Therefore a decrease in price is reversed and prices rise once
again. Typically a support level is identified by a previous set of lows.
Line Tool
To draw a support/resistance line (also referred to as a trend) use either the
Line or Multi-Line Tools.
Drawing a Line:
1. Select the Line tool.
2. Left-click on the chart where you want the Line to begin.
3.Hold down the mouse button and move to the position where the Line
ends.
4. Release the mouse button to place.
Resizing the Line:
1.Select the Line drawing by clicking on it. You will know the Line is selected when boxes appear at the ends of the Line.
2.Click on a box and drag to the desired length. Release the mouse button to place the end point of the Line.
Moving the Line:
1. Select the Line drawing by clicking on it.
2.Click on the Line (not on a box) and drag to new location and release
mouse button to place.
Resistance
Essentially, resistance (or the “peaks”) is the opposite of support. Resistance
is defined as a horizontal ceiling where the pressure to sell is greater than
the pressure to buy. Therefore, an increase in price is reversed and prices
revert downward. Typically, support can be located on a chart by a previous
set of highs.
Deleting the Line:
1.Click on the Line drawing to select, and then press the Del(Delete) key
on your keyboard.
2. Or, right-click the Line and select Del(Delete) on the menu.
Changing Properties of the Line Tool:
To view the Properties menu, right-click on the Line drawing. Properties that
can be changed are:
Foreground - Changes the top and bottom lines of the Line. Choose values
from 1-6.
Line Thickness - Changes the thickness of the line. Choose values from 1-6.
Line Style - Changes the line style of the line. Choose from Solid, Dashed,
Dotted, and more.
Show Extensions - Changes how many “action” and “reaction” lines are
showing on the chart.
Lock Extensions - Once you have two or more “action” and “reaction” lines,
choose this feature to lock/unlock them.
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Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the Chart Window. Click on
“Send to Back” when you need to access a tool under the Line drawing.
Examples of the Line Tool in Track ‘n Trade Pro:
Moving the Multi-Line:
1. Select the Multi-Line drawing by clicking on it.
2.Click on the Multi-Line (not on a box) and drag to new location, release
mouse button to place.
Deleting the Multi-Line:
1.Click on the Multi-Line drawing to select, and then press the Del(Delete)
key on your keyboard.
2.Or, point mouse cursor over the Multi-Line and right-click. Select “Delete” on the menu.
Example of Multi-Line Tool in Track ‘n Trade Pro:
Multi-Line Tool
Some contracts will have a continuous Line (also Trend) of alternating support and resistance. You may illustrate these multi-lines with the Line or
Multi-Line tools.
Drawing a Multi-Line:
1. Select the Multi-Line Line tool.
2. Left click on the chart where you want the Line to start.
3.Move the mouse to the next point on the Multi-Line and left click to
place.
4.Repeat step 3 until the last point. When placing the last point on the
Multi-Line, right-click to finish.
Channels
The Technical Formation called a Channel consists of a section of price
bars that are between parallel support and resistance lines. There are three
types of channels: the Narrow Sideways Channel, the Inclining Channel, and
the Declining Channel.
Narrow Sideways Channel
A Narrow Sideways Channel is a formation that features both resistance and
support with a sideways movement. Support forms the low price bar, while
resistance provides the price ceiling.
Resizing the Multi-Line:
1.Select the Multi-Line drawing by clicking on it. You will know the MultiLine is selected when boxes appear at the ends of the Multi-Line.
2.Click on a box and drag to the desired length. Release the mouse button to place the end point of the Multi-Line.
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To Trade a Narrow Sideways Channel:
Place an order to BUY on a break up and out
of the channel, or SELL on a break down out of
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Charting Tools
Narrow Sideways Channel Tool
Inclining Channel
To illustrate a Narrow Sideways Channel in a chart use the Narrow Sideways
Channel tool.
The Inclining Channel is a formation with parallel price barriers along both
the price ceiling and floor. Unlike the Narrow Sideways Channel the Inclining Channel has an increase in both the price ceiling and price floor. The
breaking of the bottom trend line on this formation shows a change in trend
from bullish to bearish.
Drawing a Narrow Sideways Channel:
1. Select the Narrow Sideways Channel tool from the Charting Toolbar.
2.Position the mouse pointer where you would like to place the top left
point of the Channel and click, continue to hold down the mouse dragging it to the right bottom point of Channel, release mouse button to
place.
To Trade an
Inclining Channel:
Place an order to SELL on the break
down and out of the channel.
Moving the Narrow Sideways Channel:
1. Select the Channel drawing by clicking on it.
2. Drag to the new location and release the mouse button to place.
Deleting the Narrow Sideways Channel:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard.
2.Or, point the mouse cursor over the Channel and right-click, then select
“Delete” in the menu.
Example of an Inclining Channel in Track ‘n Trade Pro:
Resizing the Narrow Sideways Channel:
1.Select the drawing by clicking on it. Note: The drawing is selected when
boxes appear on the corners.
2.Click on one of the boxes on the corners to drag the select point and
release the mouse button.
Changing Properties of a Narrow Sideways Channel:
To view the Properties menu, right-click your mouse on the Channel drawing.
Properties that can be changed are:
Foreground - Changes the top and bottom lines of the Channel.
Background - Changes the inside colors of the Channel.
Line Thickness - Changes the thickness of the Channel lines. Choose values
from 1-6.
Line Style - Changes the line style of the Channel lines. Choose from Solid,
Dashed, Dotted, and more.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access a tool under the Narrow Sideways Channel drawing.
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Declining Channel
The Declining Channel is the exact opposite of the Inclining Channel formation. The Declining Channel has a decrease in both the price ceiling and
price floor. The breaking of the top trend line on this formation shows a
change in trend from bearish to bullish.
To Trade a
Declining Channel:
Place an order to BUY on the break
up and out of the channel.
Inclining/Declining Channel Tool
You can identify an Inclining or Declining Channel by using the Inclining/Declining Channel Tool.
Drawing an Inclining/Declining Channel:
1. Select the Inclining/Declining Channel Tool from the Charting Toolbox.
2.Position the mouse pointer where you would like to place the top left
point of the Channel and click, continue to hold down the mouse dragging it to the right bottom point of channel, release mouse button to
place.
Moving the Inclining/Declining Channel:
1. Select the Channel drawing by clicking on it.
2. Drag to the new location and release the mouse button to place.
Example of the Declining Channel in Track ‘n Trade Pro:
Deleting the Inclining/Declining Channel:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard.
2.Or, point the mouse cursor over the Channel and right-click. Select
“Delete” in the menu.
Resizing the Inclining/Declining Channel:
1.Select the drawing by clicking on it. Note: The drawing is selected when
boxes appear on the corners.
2.Click on one of the boxes on the corners to drag the select point and
release the mouse button.
Changing Properties of an Inclining/Declining Channel:
To view the Properties menu, right-click your mouse on the channel drawing
tool. Properties that can be changed are:
Foreground - Changes the top and bottom lines of the Channel.
Background - Changes the inside colors of the Channel.
Line Thickness - Changes the thickness of the Channel lines. Choose values
from 1-6.
Line Style - Changes the line style of the Channel lines. Choose from Solid,
Dashed, Dotted, and more.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access a tool under the Channel drawing.
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Charting Tools
50% Retracements
Markets move in waves called retracements. These waves have up and
down trends. Notice in the above diagram, that the market is in an overall
uptrend (considered a Bull Market), but that within the uptrend, there are
small areas where the market falls back, or “retraces”; each time establishing
a new higher high.
The following chart displays an example with a down trend (when a market is
in an overall down trend it is considered a Bear Market). In this chart you will
see how the market made lower highs and lower lows while still maintaining
the overall down trend.
Markets have a tendency to retrace half or 50% of the last move as well as
in overall long-term trends.
N% Tool
You can measure a retracement with the N% tool. The default on this charting tool is 50%, but can be changed by simply dragging the middle bar up or
down.
See Fibonacci Time Zone and Fan tools in the Advanced Charting Tools section for more information on retracements.
Drawing an N% Channel:
1. Select the N% tool from the Charting toolbar.
2.Position the mouse pointer where you would like to place the top left
point of the Channel and left click, continue to hold down the mouse
while dragging it to the right bottom point of Channel. Release mouse
button to place. Note: The default retracement percentage on the N%
tool is 50%.
Notice how far back those retracements went, before they continued on in
their original direction... it is about 50% of the last move.
Moving the % Line:
1. Select the Channel drawing by clicking on it.
2.You will notice that the middle line has a box in the middle of the line.
This is the handle that you will use to change the position of the percentage line within the tool drawing. As you change the position of the
percentage line, the percentage value to the left will change as well.
Moving the N% Tool:
1. Left click on the drawing and drag the tool.
2.Release the mouse button to place the drawing.
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Deleting the N% Channel:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard.
2. Or, right-click on the channel tool and select “Delete” from the menu.
Example of the N% Tool in Track ‘n Trade Pro:
Resizing the N% Channel:
1.Select the drawing by clicking on it. Note: The drawing is selected when
boxes appear on the corners.
2.Click on one of the boxes on the corners to drag the select point and
release the mouse button.
Changing Properties of an N% Channel:
To view the Properties menu, right-click on the drawing. Properties that can
be changed are:
Foreground - Changes the color for top and bottom lines of the Channel.
Background - Changes the inside color of the Channel.
Line Thickness - Changes the thickness of the Channel lines. Choose values
from 1-6.
Line Style - Changes the line style of the Channel lines. Choose from Solid,
Dashed, Dotted, and more.
Font - Changes font, size, style, and color of text.
Show Text - Select\Deselect to view or hide the text on the Channel.
Send to Back - Changes the layer of the drawing. This option is used when
more than one tool is in the same area of the chart. Click on “Send to Back”
when you need to access a drawing under the N% Channel Drawing.
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1-2-3 Bottom
1-2-3 Formations
The 1-2-3 formation anticipates a change in trend. This formation is identified as either a “Top” or “Bottom”.
The 1-2-3 Bottom formation anticipates a change in trend from down to up
on a break above the number two point. A 1-2-3 Bottom Formation is easily
identified because the number one point is the annual price low.
1-2-3 Top
The 1-2-3 Top formation anticipates a change in trend, from up to down, on a
break below the number two point. This formation is easily identified because the number one point is the annual price high for the contract.
To Trade a 1-2-3 Top:
Place a SELL order on a break down past
the #2 point. Then, place a stop loss order
just above the #1 point (Considered to be an
industry standard) or just above the #3 point
(A more conservative stop loss placement.)
To Trade a 1-2-3
Bottom Formation:
Place a BUY order just above the #2 point,
and then place your stop loss order just
below the #1 point (Considered an industry
standard) or just below the #3 point (Considered a more conservative position.)
Example of a 1-2-3 Bottom in Track ‘n Trade Pro:
Example of a 1-2-3 Top in Track ‘n Trade Pro:
1-2-3 Tool
Use the 1-2-3 Tool to chart both a 1-2-3 Top and Bottom formation.
Drawing a 1-2-3 Top/Bottom:
1. Select the 1-2-3 tool from the Charting Toolbar.
2.Position the mouse pointer where you would like to place the #1 point
and left click to place.
3. Move to the #2 point and click to place.
4. Move to the #3 point and click to place.
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Charting Tools
Moving a 1-2-3 Drawing:
1. Select the 1-2-3 drawing by clicking on it.
2.Drag to the new location and release the mouse button to place. Note:
The tool is selected when a line appears connecting the 1,2, and 3.
Head & Shoulders Formation
Deleting a 1-2-3 Drawing:
1.Select the 1-2-3 drawing by clicking on it and press the Del(Delete) Key
on your keyboard.
2. Or, right-click the drawing and select “Delete” from the popup menu.
Head & Shoulders - Top
Resizing the 1-2-3 Drawing:
1.Select the 1-2-3 drawing by clicking on it. The drawing is selected when
boxes appear on the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
This Formation can appear anywhere in the chart and is made up of the
Head, Left Shoulder, and Right Shoulder. There are two types: Top and Bottom.
This formation has three definite peaks: the Head, Left Shoulder and Right
Shoulder. The middle peak, the Head (H) is higher than either shoulder
(LS, RS). This formation anticipates a drop in price below the Neckline (see
below).
To Trade a Head &
Shoulders – Top:
Place a SELL order on the break of the Neckline. Your stop loss order should then be
placed just above the Head. The stop loss
order can also be placed above the Right
Shoulder as a more conservative point.
Changing Properties of a 1-2-3 Drawing:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line and arc color of the 1-2-3.
Line Thickness - Changes the thickness of the 1-2-3 line. Choose values
from 1-6.
Example of Head & Shoulders Top in Track ‘n Trade Pro:
Line Style - Changes the line style of the 1-2-3 line, which shows when the
line is selected. Choose from Solid, Dashed, Dotted, and more.
Arc Thickness - Changes the arcs formed at the 1, 2, and 3 points. Choose
values from 1-6.
Font - Changes the Font, Size, Style, and Color of the 1, 2, and 3.
Show Text - Select to view or hide the 1, 2, and 3.
A,B,C,…/1,2,3,… - Select to toggle between numbers or letters.
Show Prediction: Select to show the prediction line off the 3rd point. This
point will be the same distance from the 3rd point as the 1st and 2nd points.
This will also tell you the retracement level to which it retraces.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on Send to Back when
you need to access a tool under the 1-2-3 drawing.
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Head & Shoulders - Bottom
This formation is simply an inverted version of the Head and Shoulders Top
formation. Therefore, a Head and Shoulders Bottom anticipates a rise in
price above the Neckline.
To Trade a Head &
Shoulders – Bottom:
Place a BUY order on the break up of the
Neckline. Then place a stop loss order just
below the Head. The stop loss order can
also be placed below the Right Shoulder as a
more conservative point.
Example of a Head & Shoulders Bottom in Track ‘n Trade Pro:
Head & Shoulders Tool
To identify either a Head & Shoulders Top or Bottom formation, use the Head
& Shoulder tool.
Charting a Head & Shoulders (H&S) Formation:
1. Select the H&S tool from the Charting Toolbar.
2.Position the mouse pointer where you would like to place the Left Shoulder (LS) point and click to place.
3.Move to the valley point between the LS and the Head, left click to
place.
4. Move to the Head point and click to place.
5.Move to the valley point between the Head and Right Shoulder (RS), left
click to place.
6. Move to the RS point and click to place.
Moving H&S Drawing:
1. Select the H&S drawing by clicking on it.
2.Drag to the new location and release the mouse button to place. Note:
The tool is selected when a line appears connecting LS, H, and RS.
Deleting H&S Drawing:
1.Select the H&S drawing by clicking on it and press the Del(Delete) Key
on your keyboard.
2. Or, right-click on the drawing and select the “Delete” option in the menu.
Resizing the H&S Drawing:
1.Select the H&S drawing by clicking on it. The drawing is selected when
boxes appear on the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Changing Properties of an H&S Drawing:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line and arc color of the H&S drawing. Note: The
line is only seen when the drawing is selected.
Line Thickness - Changes the thickness of the H&S line. Choose values
from 1-6.
Line Style - Changes the line style of the H&S line, which shows when the
line is selected. Choose from Solid, Dashed, Dotted, and more.
Arc Thickness - Changes the arcs formed at the LS, H, and RS points.
Choose values from 1-6.
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Font - Changes the Font, Size, Style, and Color of the H, LS, and RS.
Show Text - Select to view or hide the H, LS, and RS.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access.
Triangle and Wedge Formations
The Triangle formation comes in many varieties. There are Rising/Inclining
Wedges and Symmetrical/Non-Symmetrical Triangles.
Inclining Wedge
The Inclining Wedge Formation occurs when the slope of price bar highs and
lows consolidate to a point. The slope of both lines is up with the lower line
being steeper than the higher one.
To Trade the Inclining Wedge:
Place a BUY order on a break up and out of
the wedge or a SELL order on a break down
and out of the wedge. Inclining Wedges with
a prior downtrend are anticipated to break
down and out rather than up and out.
Example of an Inclining Wedge in Track ‘n Trade Pro:
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Charting Tools
Declining Wedge
A Declining Wedge formation occurs when the slope of price bar highs and
lows consolidate to a point. The slope of both lines is down, the top line
being steeper than the lower one. This formation is opposite the Inclining
Wedge.
Symmetrical Triangle
A Symmetrical Triangle formation occurs when there is a pause in the current trend, after which the previous trend is resumed. Also notice that the
price bars form a perfect symmetrical triangle shape.
To Trade a Symmetrical Triangle:
Place a BUY order on a break up and out of
the triangle or a SELL order on break down
and out of the triangle.
To Trade the Declining Wedge:
Place an order to BUY on a break up and out
of the wedge or an order to SELL on a break
down and out of the wedge. Falling wedges,
with a prior up trend, are anticipated to break
up and out, rather than down and out.
Example of a Declining Wedge in Track ‘n Trade Pro:
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Example of a Symmetrical Triangle in Track ‘n Trade Pro:
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Charting Tools
Charting Tools
Non-Symmetrical Triangle
A Non-Symmetrical formation occurs in exactly the same situation as a Symmetrical Triangle, only the pattern lacks symmetry. This formation resumes
the previous trend as well when a break out occurs.
To Trade a Non-Symmetrical Triangle:
Place a BUY order on a break up and out of
the triangle or an order to SELL on a break
down and out of the triangle.
Example of a Non-Symmetrical Triangle in Track ‘n Trade Pro:
Wedge and Triangle Tool
To identify any type of Wedge or Triangle, use the Wedge tool.
Drawing a Wedge/Triangle Formation:
1. Select the Wedge tool from the Toolbar.
2. Left click your mouse at the top of the Triangle.
3.Drag the mouse pointer to the bottom of the Triangle and left click to
place.
4.Next, drag the mouse pointer to form a Triangle and left click the mouse
to place the final point.
Resizing the Wedge/Triangle Formation:
1.Select the drawing by clicking on it. Note: The formation is selected
when boxes appear on the corners of the drawing.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Wedge/Triangle Formation:
1. Select the drawing by clicking on it.
2. Drag to the new location and release the mouse button.
Deleting the Wedge/Triangle Formation:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard.
2.Or, right-click on the formation and choose the “Delete” option in the
menu.
Changing the Properties of the Triangle Formation:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Triangle drawing.
Background - Changes the inside color of the Triangle drawing.
Line Thickness - Changes the thickness of the Triangle line. Choose values
from 1-6.
Line Style - Changes the line style of the Triangle line. Choose from Solid,
Dashed, Dotted, and more.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access a tool under the Triangle drawing.
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Example 1 of a Trend Fan using Track ‘n Trade Pro:
Trend Fan
Trend fans are an extension of the regular trend line, and they accent simple
trend line trading concepts by extending the single trend line to a multiple of
fan lines that give you a better look at a trend, its retracements and market
reversals.
Take a look at this diagram. As a trend moves up in scale, a chartist will
generally draw a vertical line across price bar lows; or alternatively, when a
market is moving down, across the price bar highs.
Example 2 of a Trend Fan using Track ‘n Trade Pro:
Then, as the market continues to make its retracement, we can then draw
another trend line across the next level of support or resistance. The line is
support if the market is moving up and resistance if it is moving down.
You will notice how the last move of the trend, which was resistance for
the first trend line, is now support for the second trend line. Now draw the
third trend line. At this point, you can see that the market has made a solid
retracement down past this third fan line.
When the market crosses the third fan line, it is considered to be confirmation of market retracement; a market that was once considered bullish...is
now bearish, or if bearish, would now be considered bullish.
Rule of Thumb: When the markets price bars cross above or below the third
trend fan line, this is your signal and confirmation that the market has shifted
from bullish to bearish, or bearish to bullish.
To Trade a Trend Fan:
Place an order to enter the market on the break out past the third Trend Fan
line. See the example charts:
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Charting Tools
Example 3 of a Trend Fan using Track ‘n Trade Pro:
Changing the Properties of the Trend Fan:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Trend Fan.
Background - Changes the inside color of the Trend Fan.
Line Thickness - Changes the thickness of the Trend Fan line. Choose
values from 1-6.
Line Style - Changes the line style of the Trend Fan line. Choose from Solid,
Dashed, Dotted, and more.
Send to Back - Changes the layer of the tool. This option is used when more
than one tool is in the same area of the chart. Click on “Send to Back” when
you need to access a tool under the Trend Fan.
Trend Fan Tool
To identify a Trend Fan within a chart use the Trend Fan tool.
Drawing a Trend Fan:
1. Select the Trend Fan tool.
2. Left-click where you want the Fan to start.
3.Move the mouse pointer to where the first line is to end and click to
place.
4. Repeat Step 3 until you get to the last line.
5.To place the last trend, move the mouse pointer to the ending point and
right click to place.
Resizing the Trend Fan:
1.Select the Trend Fan by clicking on it. Note: The formation is selected
when boxes appear on the corners of the drawing.
2.Click on one of the boxes to drag the selected point and release the
mouse button to place.
Moving the Trend Fan:
1. Select the Trend Fan by clicking on it.
2. Drag to the new location and release the mouse button.
Deleting the Trend Fan:
1.Select the drawing by clicking on it then, press the Del(Delete) key on
your keyboard to remove the Trend Fan.
2. Or, right-click on the fan and select “Delete” in the menu.
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Advanced Charting Tools
Advanced Charting Tools
Advanced Charting Tools
Advanced Charting Tools
Applying Technical Formations
Introduction
Track ‘n Trade Pro has incorporated concepts and theories from leading
Technical and Fundamental Educators in the Futures Industry allowing you
as a trader to apply their studies easily to your trading. In this section you
will learn basics about their theory and how to apply it in Track ‘n Trade Pro
using the Advanced Charting Tools provided you. For more detailed information on the different theories and concepts see the educational products also
offered by Gecko Software, Inc. (www.trackntrade.com)
Elliott Wave Theory
This theory was developed by Ralph Nelson Elliott and bares his name.
The Elliottt Wave Theory is an idea that market behavior is based on waves
rather than random timing. Elliottt believed that market prices rose and fell
in a series of waves based on the same Golden ratio or Golden mean that
Fibonacci proved. For more information on Fibonacci, see the Fibonacci Retracements section later in this chapter. This ratio is present in many aspects
of nature and science, and Elliottt felt that it had great significance on the
financial markets as well.
Interpretation
The basic idea of this theory is that a market rises in a series of 5 “waves”
(as he called them) and that a market declines in a series of 3 declines. Elliottt’s theory is that on the first wave a market rises, on wave two it declines,
begins again to rise on wave three, has a period of decline again on wave
four, and finally completes the rise on wave five. Then the period of correction is referred to as a three-wave correction, where the market declines for
wave A, begins to rise for wave B, and falls again for wave C.
Elliott went on to further explain that a complete market cycle consisted of
a 144 wave cycle, broken down into an 89 wave bull cycle, and a 55 wave
bear cycle. This is based on his observation of Fibonacci’s Golden Ratio.
The series of numbers Fibonacci describes, (1, 2, 3, 5, 8, 13, 21, 34, 55, 89,
and 144) shows a relationship of 1:.618. Elliott further showed that a market
usually rises or falls based on this wave cycle. Each wave in the cycle has
its own characteristics.
Five Wave Advance
Wave one: Normally very short and easy to miss.
Wave two: A retracement wave, usually gives back all or most of what the
first one gained.
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Wave three: Usually very prominent, as it follows a period of what appears
as consolidation, most people trade this wave.
Wave four: Noted to be very intricate yet still a consolidation. One of Elliott’s
main rules is that in a 5-wave advance cycle, wave 4 can’t overlap wave 1.
Wave five: Often very active, yet at some point declines and leads to the 3
wave corrective cycle.
Three Wave Decline
Wave A: Normally seen as a minor pullback, of wave 5 of the advance cycle.
Wave B: Follows Wave A of the downtrend, and is often hard to spot but
should result in a third wave continuing down.
Wave C: Usually quiet significant and many traders see this selling
opportunity.
Trading an Elliott Wave
See Wave three in the “Five Wave Advance” and the Wave C in the “Three
Wave Decline”.
Example of an Elliott Wave in Track ‘n Trade Pro:
Elliott Wave Tool
To identify an Elliott Wave on a chart use the Elliott Wave tool located in the
Advanced Charting Tools section.
Charting an Elliott Wave:
1. Select the Elliott Wave tool from the Toolbar.
2. Left-click your mouse on the #1 point to place.
3.Continue throughout the wave by clicking on each point 1-5 and A,B,C
to place. When you get to the last point C the drawing is complete.
Resizing the Elliott Wave Drawing:
1.Select the drawing by clicking on it. Note: The drawing is selected
when boxes appear on the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Elliott Wave Drawing:
1.Select the drawing by clicking on it continue holding down the mouse
button.
2. Drag to the new location and release the mouse button.
Deleting the Elliott Wave Drawing:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard to remove.
2. Right-click the drawing and select “Delete” from the menu.
Changing the Properties of an Elliott Wave Drawing:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Elliott Wave.
Line Thickness - Changes the thickness of the Elliott Wave Line. Choose
values from 1-6.
Line Style - Changes the line style of the Elliott Wave Line. Choose from
Solid, Dashed, Dotted, and more.
Arc Thickness - Changes the arcs formed at the 1-5 and ABC points.
Choose values from 1-6.
Font - Changes the Font, Size, Style, and Color of the 1-5 and ABC points.
Show Text - Select to view or hide the 1-5 and ABC points.
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Send to Back - Changes the layer of the tool. This option is used when more
than one drawing is in the same area of the chart. Click on “Send to Back”
when you need to access a drawing under the Elliott Wave Drawing.
Dart (Blip) Formations
The Dart (Blip) formation occurs when there is a dramatic price change
which is followed by an equally dramatic price change. There are two types
of Darts: Up and Down.
Dart Up (Blip) Formations
This formation is where a sudden dramatic price increase occurs followed by
an equally dramatic drop in price. A dart formation can appear anywhere in a
chart.
To Trade a Dart Up:
Place a SELL order on the break down of the Right
Feather (RF) along with a stop loss order just
above the Tip.
Trading on a Dart formation is extremely risky.
Dart (Blip) Tool
To chart a Dart (Blip) Up or Down formation use the Dart/Blip Advanced
Charting Tool.
Drawing a Dart Formation:
1. Select the Dart tool from the Advanced Charting Tool Menu bar.
2. Click your mouse on the Left Feather (LF).
3.Continue to hold down the mouse button while moving to the tip of the
dart.
4.Release the mouse button then move the mouse to the Right Feather
(RF) and release the mouse button.
Lengthening or Shortening the Formation:
1.Select the dart by clicking on it. (The formation is selected when boxes
appear on the corners of the drawing.)
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Entire Dart:
1. Select the dart by clicking on it.
2. Drag to the new location and release the mouse button.
Dart Down (Blip) Formation
This formation is where a sudden dramatic price decrease occurs followed
by an equally dramatic increase in price. A dart formation can appear anywhere in a chart.
To Trade a Dart Down:
Place a BUY order on the break up of the Right
Feather, and then place your stop loss order right
below the Tip.
Trading on a Dart formation is extremely risky.
Deleting the Dart:
1.Select the dart by clicking on it and press the Del(Delete) key on your
keyboard.
2. Or, right-click on the drawing and select “Delete” from the menu.
Changing the Properties of a Dart/Blip Drawing:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Elliott Wave.
Line Thickness - Changes the thickness of the Elliott Wave Line. Choose
values from 1-6.
Line Style - Changes the line style of the Elliott Wave Line. Choose from
Solid, Dashed, Dotted and more.
Send to Back - Changes the layer of the tool. This option is used when more
than one drawing is in the same area of the chart. Click on Send to Back
when you need to access a drawing under the Elliott Wave Drawing.
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Example of a Dart Up and Down in Track ‘n Trade Pro:
Gann Fan Theory
W. D. Gann designed several unique techniques for studying price charts.
One of these techniques included the use of geometric angles in conjunction with time and price. Gann believed that specific geometric patterns and
angles had unique characteristics that could be used to predict price action.
Gann’s techniques require that charts be drawn with equal time and price
intervals, so that a rise/run of one price unit for each time unit (called a 1 x
1 trend or angle) will equal a 45 degree angle anywhere on the chart. Gann
believed that the ideal balance between time and price exists when prices
rise or fall at a 45 degree angle relative to the time axis.
Interpretation
The Gann Fan is made up of nine angles based on this concept. These trend
lines are used to indicate support and resistance levels. When one line is
broken (by the entire days price range) prices should move to the next line.
The drawing of these lines should start from either a market top or bottom.
It is important to note that this theory is based on a squared 45 degree angle
on the chart. Obviously, a 45 degree angle drawn on a chart is no longer 45
degrees when the scale is changed without a change to the opposite scale
as well. To “square” the Gann Fan to the current chart’s scaled settings,
hold down the CTRL key on your keyboard while clicking on and rescaling
with the mouse pointer. Some Gann experts have reported that to get a truly
“squared” chart, one must set the scaling to 8 price bars per inch (width) and
4 price bars per inch (height).
A Gann Fan is used to define a market direction or a new trend. For example, a bull market exists if prices are maintaining strength between the1x2
lower line and 1x2 higher line. A bear market would be the exact opposite of
the previous scenario.
During an uptrend, the breaking of one line would suggest a further price
drop to the next lower line. Correspondingly, if prices break above one line,
they would be expected to rally to the next higher one.
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Example of the Gann Fan in Track ‘n Trade Pro:
Changing Properties of a Gann Fan:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color for the fan.
Background - Changes the color of the background for the fan.
Line Thickness - Changes the thickness fan line. Choose values from 1-6.
Font - Changes the Font, Size, Style, and Color of the fan values.
Show Text - Select to view or hide the fan values.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Gann Fan.
Example of a Gann Fan in Track ‘n Trade Pro:
Gann Fan Tool
You can apply this theory to your charts by using the Gann Fan tool on the
Advanced Charting Toolbar.
Drawing a Gann Fan:
1. Select the Gann Fan Tool.
2.Click where you want the Fan to start, continue holding down the mouse
button until reaching the final position of the fan, release button to place.
Resizing the Gann Fan:
1.Select the Fan by clicking on it. Note: The formation is selected when
boxes appear on the corners of the drawing.
2.Click on one of the boxes to drag the selected point and release the
mouse button to place.
Moving the Gann Fan:
1. Select the Fan by clicking on it.
2. Drag to the new location and release the mouse button.
Deleting the Gann Fan:
1.Select the drawing by clicking on it, then press the Del(Delete) key on
your keyboard.
2. Or, right-click on the fan and select “Delete” from the menu.
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Andrews Pitchfork Theory
Dr. Alan Andrews developed a channel technique to show areas of support
and resistance from a baseline. This use of a median line is the key to using
the Andrews Pitchfork. Buying near lows and selling near highs that are identified by the “tines” of the pitchfork. The basic premise is to trade the channel
from one level of support or resistance to the next.
4.The second point completes the base and is placed at the bottom of the
trend. (C)
5.Once you have completed the first three steps you can elongate the
pitchfork to the length desired. Click to place the final point.
Interpretation
The first element to draw the Andrews Pitchfork is the centerline. The middle
tine, or median line, begins at the most recent contract low or high. To plot
the direction of this point we must attain the other two points. The top tine
is determined by looking at the highest move made from the origin of the
contract low or high. The next point is found by looking at the retracement of
that move. For example, a contract begins at point A, rallies to point B, and
sells off from point B to point C. A line is drawn from point B and C, and then
the line originating at point A splits those two lines equally.
Resizing the Andrews Pitchfork Drawing:
1.Select the drawing by clicking on it. Note: The drawing is selected
when boxes appear on the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Andrews Pitchfork Drawing:
1.Select the drawing by clicking on it. Continue holding down the mouse
button.
2. Drag to the new location and release the mouse button.
This pitchfork shows continuing points of support and resistance. The general use of this tool is to sell when the market rises to line B, and take profits
once prices reach line A, the middle tine, and also to buy when prices dip
to line C and take profits when they reach line A. This series of movements
within the pitchfork affords traders the opportunity to trade a channel system
within a trending market.
Andrews Pitchfork Tool
Deleting the Andrews Pitchfork Drawing:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard to remove.
2. Or, right-click on the drawing and select “Delete” from the menu.
Changing the Properties of the Andrews Pitchfork Drawing:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Andrews Pitchfork.
Charting Andrews Pitchfork:
1. Select the Andrews Pitchfork tool from the Toolbar.
2.The first three clicks setup the pitchfork. The first point is the handle of
the pitchfork and is placed at the end of the previous trend.(A)
3.Next, you are forming the base of the fork. The first point is the top of
the next trend. (B)
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Line Thickness - Changes the thickness of the Andrews Pitchfork. Choose
values from 1-6.
Line Style - Changes the line style of the Andrews Pitchfork Line. Choose
from Solid, Dashed, Dotted, and more.
Show Extensions - Adds extension and projection lines to the sides of the
Andrews Pitchfork. Odd numbers will add to the top, even numbers will add
to the bottom.
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Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Andrews Pitchfork.
Example of Andrews Pitchfork in Track ‘n Trade Pro:
Fibonacci Retracements
Fibonacci Retracement levels correspond with percentage retracements that
occur in the ebb and flow of a market trend. According to the Elliott Wave
Theory, market trends tend to occur in five distinct waves. See the Elliott
Wave for more information. Elliott asserted that these counter-trend waves
will usually retrace against the trending waves by 38.2, 50 and 61.8 percent.
These Retracement Percentages correspond to natural ratios discovered by
the Greeks called the Golden Ratio and rediscovered by Fibonacci; a medieval, Italian Mathematician.
Interpretation
Commodity prices will frequently
consist of an initial wave, a second
wave (often retracing 61.8% of the
initial move), the third wave (usually
the largest), then another retracement, and finally the 5th wave (the
last gap), which would exhaust the
movement.
In Track ‘n Trade Pro, you have three
tools that you can use to apply these
concepts: the Fibonacci Retracement, Fibonacci Time Zone and the
Fibonacci Arc.
Example of Andrews Pitchfork Extensions and Projections:
Fibonacci Retracement Tool
The Fibonacci Retracement tool is used to measure the different retracement levels within a market.
Drawing a Fibonacci Retracement:
1. Select the Fibonacci Retracement tool from the Toolbar.
2. Click on the chart where you would like the ruler to begin.
3.Move the mouse pointer to the lower right position of the ruler and click
to place.
Resizing the Fibonacci Retracement:
1.Select the ruler by clicking on it. You can tell the ruler is selected when
boxes appear on the corners of the drawing.
2.Click on one of the boxes to drag the select point and release the
mouse button.
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Moving the Fibonacci Retracement:
1. Select the ruler by clicking on it.
2. Drag to the new location and release the mouse button.
Deleting the Fibonacci Retracement:
1.Select the ruler by clicking on it and press the Del(Delete) key on your
keyboard.
2. Or, right-click on the ruler and select “Delete” from the menu.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Fibonacci Retracement.
Delete - Select to delete the tool.
Example of a Fibonacci Retracement in Track ‘n Trade Pro:
Right-click Menu:
Changing Properties for the Fibonacci Retracement:
Fibonacci Arc Tool
Right-click on the ruler to view the Properties menu. Properties that can be
changed are:
Foreground - Changes the line color of the ruler.
Background - Changes the background color of the ruler.
Line Thickness - Changes the thickness of the ruler lines. Choose values
from 1-6.
Font - Changes the Font, Size, Style, and Color of the values.
Show Text - Deselect/Select to view or hide the values.
Show Retracements - Select/Deselect to view the additional retracement
percentages.
Show Prediction - Select/Deselect to view the additional prediction percentages.
Show Time Zones - Select\Deselect to overlay the Time Zones on the ruler.
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The Fibonacci Arc tool is used to measure the different retracement levels
within a market.
Drawing a Fibonacci Arc:
1. Select the Fibonacci Arc tool from the Toolbar.
2.Move the mouse pointer to the point on the chart that you would like to
start the stem of the Arc tool, click start.
3.Move the mouse pointer to the ending point for the arc tool and click to
place. (While moving to the end point, the arc will extend for you to get
an idea of placement on the ticks.)
Resizing the Fibonacci Arc:
1.Select the arc by clicking on it. You can tell the arc is selected when
boxes appear on the corners of the drawing.
2.Click on one of the boxes to drag the select point and release the
mouse button to place.
Moving the Fibonacci Arc:
1. Select the arc by clicking on it.
2. Drag to the new location and release the mouse button.
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Deleting the Fibonacci Arc:
1.Select the arc by clicking on it and press the Del(Delete) key on your
keyboard.
2. Or, right-click on the arc and select “Delete” on the menu.
Changing Properties for the Fibonacci Arc:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Fibonacci Time Zones
The Fibonacci Time Zone uses Fibonacci numbers rather than the percentages used in the Ruler and Arc tools.
Foreground - Changes the line color of the arc.
Line Thickness - Changes the thickness of the arc lines. Choose values from
1-6.
Line Style - Changes the line style of the arc, which shows when the line is
selected. Choose from Solid, Dashed, Dotted, and more.
Font - Changes the Font, Size, Style, and Color of the values.
Show Text - Deselect\Select to view or hide the values.
Show Retracements - Select/Deselect to view the additional retracement
percentages.
Show Prediction - Select/Deselect to view the additional prediction percentages.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Fibonacci Arc.
Delete - Select to delete the tool.
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Example of a Fibonacci Arc in Track ‘n Trade Pro:
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Charting a Fibonacci Time Zone:
1. Select the Fibonacci Time Zone tool from the Toolbar.
2. This tool is drawn like a rectangle. Click for the upper left point.
3.Move the mouse to the bottom right position and click to finish the drawing.
Resizing the Fibonacci Time Zone:
1.Select the drawing by clicking on it. Note: The drawing is selected
when boxes appear on the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Fibonacci Time Zone:
1.Select the drawing by clicking on it continue holding down the mouse
button.
2. Drag to the new location and release the mouse button.
Deleting the Fibonacci Time Zone:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard to remove.
2. Or, right-click on the tool and select “Delete” from the menu.
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Example of a Fibonacci Time Zone in Track ‘n Trade Pro:
Changing the Properties of a Fibonacci Time Zone:
Right-click on the drawing to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the Fibonacci Time Zone.
Line Thickness - Changes the thickness of the Fibonacci Time Zone Line.
Choose values from 1-6.
Line Style - Changes the line style of the Fibonacci Time Zone Line. Choose
from Solid, Dashed, Dotted, and more.
Font - Changes the Font, Size, Style, and Color of the Fibonacci Time Zone
numbers.
Show Text - Select to view or hide the numbers.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Fibonacci Time Zone.
Delete - Select to delete tool.
Calculating Trading/Actual Days
In the futures industry trading days are scheduled around holiday and weekends, therefore when looking at a futures chart often times it is difficult to
determine how many actual days have passed while working a trade.
The number of trading days is also significant for traders using the number
of trading days as a rule in conjunction with a formation. For example with
the 1-2-3 Top or Bottom formation, many traders use the 10-20-50 rule. This
rule defines a 1-2-3 if there are 10 trading days between the #1 and #2 and
10 days between the #2 and #3 points.
To calculate the actual, or trading, days on a chart use the Day Offset tool.
Days “Higher” and “Lower”
Another statistic used alongside formations and other theories is the day
higher and lower calculation. This calculation determines how many days, in
a defined set of price bars, were “higher” or “lower”.
A day is considered a “Higher Day” if the close is higher than any previous
close in the set of price bars selected. Conversely, a day is considered a
“Lower Day” if the close is lower than any previous trading day in the defined
set of price bars.
This statistic is available in Track ‘n Trade Pro when using the Day Offset
tool.
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Changing the Properties of a Day Offset:
Day Offset Tool
Right-click on the Day Offset drawing to view the Properties menu. Properties that can be changed are:
The Day Offset tool enables you to measure the number of trading days vs.
actual days that are between two points on the chart. Also calculated on this
tool is the number of days that the market closed high or lower in comparison with the previous day.
Foreground - Changes the line color of the Day Calculator.
Charting a Day Offset:
1. Select the Day Offset tool from the Toolbar.
2. This tool is drawn like a line. Click for the left point.
3. Move the mouse to the right position and click to finish.
Line Style - Changes the line style of the Day Offset lines. Choose from
Solid, Dashed, Dotted, and more.
Resizing the Day Offset:
1.Select by clicking on it. Note: The drawing is selected when boxes appearon the corners.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Day Offset:
1.Select the drawing by clicking on it and continue holding down the
mouse button.
2. Drag to the new location and release the mouse button.
Deleting the Day Offset:
1.Select the drawing by clicking on it and press the Del(Delete) key on
your keyboard to remove.
2. Or, right-click on the tool and select “Delete” from the menu.
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Line Thickness - Changes the thickness of the Day Calculator Line. Choose
values from 1-6.
Font - Changes the Font, Size, Style, and Color of the Day Calculator numbers.
Show Text - Select to view or hide the Day Calculator numbers.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back “when you need to access a drawing under the Day Calculator drawing.
Delete - Select to delete tool.
Example of the Day Offset Tool in Track ‘n Trade Pro:
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Rounded Top & Bottom Formations
The Rounded Top & Bottom formation is a very gradual change in trend.
This formation includes: Rounded Top & Bottom, Double Top & Bottom, &
Triple Top & Bottom.
Double Bottom
This formation includes two distinct “bottoms” and anticipates a change in
trend from down to up. This formation is the exact opposite of a Double Top.
Rounded Top
The Rounded Top formation consists of a gradual change in trend from up to
down.
Triple Top
This formation includes three distinct “tops” and anticipates a change in
trend from up to down.
Rounded Bottom
The Rounded Bottom formation consists of a gradual change in trend from
down to up. This formation is the exact opposite of a Rounded Top Formation.
Triple Bottom
Double Top
This formation includes two distinct “tops” and anticipates a change in trend
from up to down.
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This formation includes three distinct “bottoms” and anticipates a change in
trend from down to up. This formation is the exact opposite of a Triple Top.
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Advanced Charting Tools
Changing the Properties of an Arc Drawing:
Arc Tool
Right-click on the tool to view the Properties menu. Properties that can be
changed are:
To illustrate a Rounded Top/Bottom formation on your futures chart, use the
Arc tool in the Advanced Charting Toolbar.
Drawing a Rounded Top Formation:
1. Select the Arc tool from the Toolbar.
2.Click your mouse on the left side of the arc and drag the mouse to the
right side, release the mouse to place the tool.
Foreground - Changes the line color of the arc.
Line Thickness - Changes the thickness of the arc line. Choose values from
1-6.
Line Style - Changes the line style of the arc line. Choose from Solid,
Dashed, Dotted, and more.
Resizing the Arc Drawing:
1.Select the arc by clicking on it. Note: The tool is selected when boxes
appear on the corners of the drawing.
2.Click on one of the boxes to drag the select point and release the
mouse button.
Send to Back - Changes the layer of the drawing. This option is used when
more than one drawing is in the same area of the chart. Click on “Send to
Back” when you need to access a drawing under the Arc tool drawing.
Moving the Arc Drawing:
1. Select the arc by clicking on it.
2. Drag to the new location and release the mouse button.
Example of the Arc Tool in Track ‘n Trade Pro:
Delete - Select to delete the tool.
Deleting the Arc Drawing:
1.Select the arc by clicking on it and press the Del(Delete) key on your
keyboard.
2.Or, right-click on the drawing and select the “Delete” option on the
menu.
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Track ‘n Trade Pro 4.0 User Manual
Track ‘n Trade Pro 4.0 User Manual
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Advanced Charting Tools
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Track ‘n Trade Pro 4.0 User Manual
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