Messages
Messenger Pro's message dialog box is a one-way text / multimedia messaging system. During Messenger Pro's live broadcast several distinct message types will appear.
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Snapshot
The Snapshot provides traders with an 'at a glance' overview of Messenger Pro's current market positions,
critical trading levels, and active market orders.
This information is bundled into each Snapshot and presented throughout the Messenger broadcast.
The various sections of the Snapshot will change throughout the day, especially during an actual trade. These various changes are automatically
highlighted in orange making it easy for traders to follow.
Current Position: This section indicates S&P Messenger's current market position.
Working Orders: Any working market orders are displayed in this section.
Watching For: Price levels of special importance are shown in this section.
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Charts
Throughout each broadcast Messenger Pro will display both ordinary and animated market charts.
You can view these charts by left clicking on the green time stamped 'View Chart'
link when it appears in the Messenger window. The chart will then slide into view. You can return to the current live messages by left
clicking anywhere on the displayed chart.
Under certain market conditions, animated charts are presented. These charts display an animated blue line that draws out Messenger Pro's market forecast in both price and time.
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Super Trade
The Super Trade is an actual market forecast
displayed by Messenger Pro. The forecast identifies a price level which the market should continue to test
and remain above, along with a distant price target (or targets) the market should then advance to.
In most cases, the forecast time at which the price target should be reached will be identified as well.
From this point forward any messaged trade entry will likely be based upon the Super Trade. Often, both the beginning and final
target price will be displayed on the Directional Trend Meter, as well (see Directional Trend Meter).
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S&P Messenger Pro Hostess
The Messenger Pro hostess is an informative animated character
that appears in the Messenger window throughout the broadcast. She is activated by clicking the green
'S&P Messenger hostess' link when it appears in the window.
The hostess confirms market positions, gives general market observations and commentary, along with other information and encouragement throughout the broadcast.
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S&P Hourly Roadmap
The S&P Hourly Roadmap pinpoints the sequence of the next hourly market top and the subsequent hourly market bottom (or, in reverse, from bottom to top) and determines the exact price swing which will occur between those two extremes!
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Live Market Order
Live Market Order message give specific instructions in relation to setting up, completing and exiting an trade.
Trade Setup
Messenger Pro assumes
2 contracts per trade. All trades began with either a
Buy or Sell Limit. Once a trade is activated you will see a total of three
(3) exits: First, an
initial ½
position exit, then one of the two opitional exits will be messaged. One of the two optional exits must be executed to complete the trade.
Each exit and the order of progression is explained below.
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The first exit in a trade is referred to as the 'Initial Exit' and is a mandatory exit.
This exit results in a small gain, typically from .75 to 1.5 points. The Initial Exit allows Messenger Pro to offset any loss that may
later occur in the event the market moves against our position.
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The 'Ordinary Final Exit' is the second exit in the trade and is optional. This exit completes the trade
and is usually quite conservative (it may be a substantial distance from any forecast price target). The Ordinary Final Exit is generally
recommended to new users of Messenger Pro. The total gain of the trade will be the sum of the initial and ordinary exit. If the 'Ordinary Final Exit'
is not taken, then traders must take the 'Aggressive Final Exit'.
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The 'Aggressive Final Exit' is for traders willing to hold their final contract for more aggressive (more distant)
price targets noted by Messenger Pro. This exit is mandatory in order to complete the trade. The total gain of the trade will be the sum of the initial and aggressive exit.
Faded Entries
Messenger Pro will allow for up to a
2 tick leeway in entering a trade based upon a posted buy or sell limit
order. For example, if Messenger Pro suggests to buy at or near
$1450.00 and the subsequent low is
$1450.25 (1 tick above the suggested $1450.00 entry), Messenger Pro will message that trade through to completion
for the benefit of subscribers who may have
faded the entry (entered the market 1 tick higher
than our original suggested order at $1450.00). This only occurs if the market comes within
2 ticks of a listed buy or sell order.
We suggest that traders who are new to Messenger Pro buy or sell at the
suggested price levels (such as $1450.00 noted above)
until they are more familiar with Messenger Pro. Fading Messenger Pro's suggested buy/sell levels will slightly increase the overall points risk (by 1 or 2 ticks)
but will increase your overall participation in Messenger Pro's trades.
Trading the S&P Hourly Roadmap
The S&P Hourly Roadmap can be traded in a number of different ways. However, a simple example will be given here.
Example: Assume the Roadmap forecasts a 2nd hour market top, then a 7 point decline into a 6th hour bottom.
First, a long trade could be initiated anticipating the forecast 2nd hour market top. Any resistance level noted in the support/resistance panel would be used to take profits at. Once the 2nd hour top is complete, a new short position would be taken, looking to hold for the forecast 7 point decline. The majority of profit should be taken prior to the completion of the 7 point decline. A larger move is possible, especially as an approximate 4 hour decline is indicated off the 2nd hour top.
The S&P Hourly Roadmap can add a fantastic new dimension to your trading, literally giving you a roadmap to the day's price and timing action.
