DayTrader
The DayTrader report is a daily publication which calculates, using both popular and proprietary methods, important near term technical support and resistance areas, overbought-oversold indicators, and key expected activity zone in all actively traded commodity futures. It is a trading tool designed to identify changes in minor trend direction. The DayTrader was originally designed as a near term risk management tool, a serious attempts to systematically limit the size of losses. What the DayTrader has ultimately to its users is sort of a technical “side-kick”, a quick reference of daily technical points which can be used both offensively and defensively near term trading strategies.
• The price line display on the left column of the DayTrader letter is a price line, divided into equal price increments, centered around the previous day’s settlement. Along this price line are letters representing the locations of technical points in widespread use by trading systems and methods that have had a real impact on trade in many markets. Multiple technical points will converge in a given area, giving this area greater technical validity than any individual point.
• The VMA “ * ” levels define the range above or below the previous settlement which the computer considers the most significant support or resistance for the next day. VMA points are based on formulas that are proprietary to GRI.
• Letter Identification
P = Previous High/Low
F = Fibonacci Points
A = 10 Day Avg. Moves
S = Swing/Scalper Points
M = Moving Avg.
V or * = VMA Points
• The DayTrader works well in markets that have higher volume and lower volatility.
• A Spread Trader using the proprietary VMA algorithms developed for the DayTrader is available. The Spread Trader helps define high probability support and resistance areas for any type of spread. Significant historical high and lows points are also displayed in that they frequently reinforce the areas discovered by the computer.
• The PL5 Report is included for those subscribing to multiple markets, putting five price line displays together from different markets on one page for easy review.
• Weekly DayTrader is included with your subscription and follows the same format as the Daily report, but uses lead contract weekly data to determine the same values, identifying important weekly technical support and resistance areas. The Weekly DayTrader reports are published at the end of the week for the following week.
• Reports are published by 5:15-5:30 pm each evening.
• Subscribers need to decide the length of their subscription, month by month, 6 months, or annual. The six month and annual subscription provide a discount on price as does taking multiple contracts. Payment can be made by Check, Wire Transfer, or with a credit card through the Google Checkout or PayPal procedure which provides a platform for processing payment and acts as a security go between GRI and you. Subscriptions setup through Google or PayPal do not create a recurring subscription. You will be invoiced through Google or PayPal based on the subscription period you select for your re-subscription. The subscription can be canceled at any time. Please note that we do not take credit card information directly over the phone. We ask that you use the Google or PayPal payment process for your protection and ours.
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