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7 By 13 System

This trading system is a combination of two chart studies and is very simple to understand. I use the crossing of the 7 and 13 day moving averages as a signal. If and when the 7 average crosses the 13 higher the trade is a Buy. Once the 7 crosses under the 13 then the trade is a Sell. The second study is Parabolic Time/Price. This is used as either an entry point for a new trade or as a stop-loss order to manage risk. It can and is also used to attempt to lock in profits [i.e. trailing stop order] in the event you have entered the start of a new trend and want to stay with the trade in hopes of capturing most of the trend while using a trailing stop order. I use the 7 & 13 day moving averages as a guide. When the 7 average looks like it is approaching a cross of the 13 I then view the Parabolic looking to enter the "market." The Parabolic study is my point of reference as to the entry price. A chart using this study will have dots above or below price bars. A dot above the price bar is the location for a buy stop, and a dot below a price bar is the location for a sell stop. If the 7 day average looks like it is ready to cross above the 13 day average I then use the Parabolic buy stop as my point of entry. If prices continue higher I will enter the trade using a buy stop order and once my price has been traded I will automatically be long the Futures. In other words the buy stop was reached using the Parabolic Time/Price which now has me Long the market. This chart study just shifted from being short the market to Long because the buy stop price was reached. Therefore, the chart will automatically be long with a dot under the price bar and that "dot" represents the location for a sell-stop order. Once you enter into a new trade I will be able to tell you approx. how much money is at risk by viewing the Parabolic study. I like to use a 30 minute chart, or a daily chart. The use of a 30 minute chart will be more active but the approx. risk is between $150 to $300 per trade [depending on the commodity], and the daily chart will not be as active but since it is a longer time frame the risk will be approx. $750 to $1,200. I prefer to use the 30 minute chart for Futures and the daily chart for Options. This system allows you to manage your own account, or we will work together as a team. Access to the internet, a phone call to me and a little bit of time is all you need to learn this method. If you need help finding these studies or have any questions feel free to contact me. The charts speak for themselves.

For More information Contact Tim Weitzel
Toll Free 1-866 885 8040
tim@commodityshop.net

If you wish to contact a broker directly about opening a trading account or you'd like additional information on the futures markets or trading futures, please Register or send e-mail to trade@commodityshop.net or phone 877-950-9950 (972-392-1073 in the Dallas area).

FUTURES AND COMMODITIES TRADING INVOLVES SIGNIFICANT RISK AND IS NOT SUITABLE FOR EVERY INVESTOR. INFORMATION IS OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT IS IN NO WAY GUARANTEED. THE AUTHOR MAY HAVE POSITIONS IN THE MARKET MENTIONED INCLUDING AT TIMES POSITIONS CONTRARY TO THE ADVICE QUOTED HEREIN. OPINIONS, MARKET DATA AND RECOMMENDATIONS ARE SUBJECT TO CHANGE AT ANY TIME. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS.