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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, give general market observations and commentary, along with other information and encouragement throughout the broadcast. |
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Live Market Order
Live Market Order message give specific instructions in relation to setting up, completing and exiting an trade. |
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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. |
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| Visual Trade Indicators |
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Live Market Order Indicator
This indicator will inform you that Messenger Pro has placed a recommended Buy / Sell Limit. |
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Trade In Progress Indicator
This indicators will inform you that the recommended Buy / Limit Target was reached by the market triggering Messenger Pro into the trade. |
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Scrolling Marquee
The scrolling marquee will display "Trade in Progress..." when Trade In Progress Indicator is active. |
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Placing Stops
Messenger Pro will not intentionally risk more than 1.5 points on any given trade, whether a physical stop is suggested, or not. Higher points risk is possible during very fast market conditions (please read full trading disclaimer). |
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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. |
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