Home Page Product Download
 
 

More Ment
Save $100 On eSignal
Visit Vista-Research for EZL programming/resources

Our Friends
Save $100 On eSignal
Visit Vista-Research for EZL programming/resources
Visit Stocks & Commodities Online
Visit Futures Magazine Online
Visit MSO Data for historical data Deals


 

 

 

 

 
















 

TCBR System


TCBR System

The Trending Candle / Body Reversal (TCBR) investment technique is a system that was developed by a professional investor named Geert Strubbe. Mr. Strubbe is a personal friend of mine and volunteered this system for inclusion within the CSF and PFP software applications. The TCBR system is an investment technique that embodies many of the same principles of the Japanese Candlestick technique. More information on the TCBR trading system can be found within the PFP programs help file.

The most obvious benefit of the TCBR system is that it works very well in trending markets (such as the S&P, the Currency markets and others). If an investor is attempting to trade a market that exhibits a good capability to trend, the investor should review the signals generated by the TCBR system for effectiveness. When a PFP user first loads a chart, the chart is scanned using the TCBR system and users can enable the Vision Flags to see where and when the TCBR system generated investment signals. The TCBR system generates multiple investment signals allowing investors to scale into a market position. If investors do not choose to scale into a market, then they should simply buy or sell into a market position and watch as the trend continues. Remember to trail your protective stop levels accordingly as new TCBR signals form.

The TCBR system tracks the markets ability to trend up or down by identifying a pattern formation called a Trending Candle (TC). A TC can be a black candle or a white candle. If it is a black candle, the trend is presumed bearish. If it is a white candle, the trend is presumed bullish. Each subsequent TC of the same color will generate an additional buy or sell signal and move a protective stop level up or down. The only drawback to this technique is when the market enters a congestion area. The TCBR system will likely generate signals too later to be profitable when the using it on a congesting market.

The Trending Candle/Body Reversal (TCBR)principle is on of the most unique and effective investment techniques to be developed on the basis of Japanese Candlesticks. Mr. Geert Strubbe is a market technician and trader in Belgium. He has been using our software products for over 4 years (as of 11/1997) and has been an active speaker in Europe regarding his findings and investment techniques. Mr. Strubbe has allowed us the rights to include his techniques into our software applications.

The TCBR trading system is a market trend tracking system that incorporates a trailing stop, or breakout, level. The breakout level is used to assist in insuring consistently profitable trading results as well as to attempt to limit the initial risk within the trade.

The basic rules of the TCBR system:

1. A trending candle = a candle whereas the open~close range is greater than half the high~low range.

2. The body reversal level is always the open price of the current trending candle.

Although, if a trending candle is found after a gap in price activity, the body reversal level is moved to the lowest point of a bullish gap, or the highest point of a bearish gap.

3. The trending candle is used to establish the existing current trend. For example, if a white trending candle is found initially, the trend is considered bullish. If a black trending candle is found initially, the trend is considered bearish.

Once the initial trending candle is found and the direction of trend and body reversal level is established, the following rules apply:

1. Any trending candle of the same color with a higher close (in the case of a bullish trend), or a lower close (in the case of a bearish trend), following the initial trending candle is considered a takeover candle. With this candle, the body reversal level changes to the new level of the current trending candle and one should watch for the next trending candle of the same color.

2. Any trading session that closes below or above the body reversal level (depending of the existing trend identified by the initial trending candle) creates a Neutral body reversal. The Neutral body reversal indicated that the existing trend is Neutral and the existing body reversal level is ignored. At this point, traders need to back to the beginning of the rules for this investment technique and wait for a new trending candle to establish the trend and body reversal level again.

3. Any existing trend and body reversal level established by a previous trending candle can be reversed by an opposite colored trending candle that closes below the body reversal level (in the case of a bullish trend), or closes above the body reversal level (in the case of a bearish trend). This type of formation is called a Trending Candle/Body Reversal.

Trading with the Trending Candle/Body Reversal System:

1. The first instance of the Trending Candle is the traders first instance to enter a trade. Use the Body Reversal level as a trailing stop level.

2. Any additional instance of a Trending Candle of the same color as the first instance is the traders chance to add to their existing position in the market. Use the Body Reversal level as a new trailing stop level.

3. Any Trending Candle/Body Reversal is an instance where traders should liquidate their initial positions in the market and reverse positions. Use the new Body Reversal position as a new trailing stop level.

 
 
     
 

  Matheny Enterprises Site Directory

Software
Programming
Reports/Other

End Of Day
Real-Time Analysis
AutoTrading Robots
eSignal Modules
TradeStation Modules

Custom Programming
  eSignal
  TradeStation
  Stand-Alone Applications
Target the markets for profits like I do.
Join TradeTank.com

Webinars
Support
Web Sites
Specialty
Support
Message Board
Events
Help

TradeTank.Com
EFS-Tools.Com
MENT Trader Services
MENT Enablement
 
 
     

 

Why AWTS?

Are you ready to really trade the markets like a pro?

Are you ready to trade once or twice a day?

Are you ready for consistently designed profits in your account?

Are you ready for the most universal trading system ever designed?

Then you need the ATWS Trading System.


Testimonials

I wanted it pretty much as soon as I had a look at it...it does not take long to realize its a money maker, G. McArthur, UK.

This looks great! A.G, Switzerland.

 




Comments/suggestions : BMatheny@Ment.Com
Disclaimer, there is a risk of loss in trading.
Copyright 1997-2012 Matheny Enterprises Corporation

 

traders, investors, day traders, money managers, hedge fund managers, brokerages, real-time streaming data, delayed data, end-of-day data, streaming real-time European stock market data, foreign exchange trader, forex investment, forex desktop stock ticker, equities, financial analysis tool, data, find stock quote, financial portfolio, forex trade, futures chart, good stock to buy, incentive stock option, individual investor, hot stock, money portfolio manager, nasdaq after hours, online forex, online futures options, online stock, quotes, quote charts, charting, position trader, scanner, market scanner, best stocks, spot rate, shares, shareholders, swing trading, trading analysis, trading education, wall street, the nasdaq stock market, what stock should i buy, bear market, bull market, market, trade option, technical stock analysis, technical analysis training, investing tutorial, how to use esignal, trading 101, education in trading, Nasdaq, nasdaq level ii, news, options, portfolio, price, quote, quotes, real time, real-time, real-time market data, screaming , stocks, streaming, streaming, ticker, historical data, real-time stocks, real-time equities, real-time futures, real-time financial data, real-time data, financial data, equities, portfolio manager, investing, investor, delayed data, delayed stocks, data delivery, data sources, time & sales, market maker activity ticker, option chains, market leaders, individual investor, institutional data, business solutions, active trader, charting package, technical analysis, analysis tools, market strategies, day trader, end-of-day data, summary quote window, option analytics, regionals, listed regionals, OTC, optimized bulletin board, ADX analysis, DMI analysis, ADX/DMI, quotes, real-time quotes, financial news, dow jones news, stock quotes, options, stock screeners, market screeners, Bollinger Bands, Stochastics, MACD, Forex, Foreign Exchange, crossrate, spot rate, treasuries, position trader, swing trader, quotes, real-time quotes, financial news, Dow Jones News, stock quotes, Nasdaq Level II, options, stock screeners, market screeners. Bollinger Band, Stochastics, MACD, Forex, Foreign Exchange, crossrate, spot rate, treasuries, position trader, swing trader, guotes, real-time quotes, financial news, Dow Jones news, stock quotes, Nasdaq Level II, options, stock screeners, market screeners,real-time data, data, market data, market movers,AdvancedGet, Alerts, charts, Data, DataFeed, Equities, Esignal,eSignal Market Scanners, eSignal Market Scanner,eSignal Pro, eSignal TurboFeed, financial, free, fundamentals, futures, futures, intraday, intraday charts, market, money Japanese Candlestick, Japanese Candlesticks, Candlestick, PFP, Pattern Forecaster Plus, Invest, Patterns, Matheny, Forecaster, Fractal, Analysis, Candle, Doji, Hammer, Stock, Futures, Commodities, Mutual Funds, Options, Magazine, Brad Matheny, Technical Analysis

 

Checkout View Cart Contact