Weekend Update: Unintended Consequences


Sorry for the delay on this weekend's update, but as you will soon read we are enhancing services and wanted to make sure everything is in place before unveiling it. - Allan


Unintended Consequences

Posting the 180 minute IWM chart on Thursday has had some unintended consequences. Back in the day we offered two services, one based upon intermediate term trades that lasted from weeks to months ("Blue Line Classic") and one based upon shorter-term trades that lasted from days to weeks ("Blue Line Prime") For the short-term service we used 180 minute charts, the same as Thursday's IWM chart. The service traded more often and required a little more attention from both you, the subscriber, and me, the provider. 

The posting of that chart brought out many inquiries, almost all from those past subscribers of the Prime short-term service, asking why I don't offer that service anymore? Because I thought the new service would generate enough trades to compensate for the short-term trades we were passing on and I could offer the new service at a greatly reduced price. 

But as you saw with the IWM chart, saving a little money on a subscription pales in comparison to the money that could be made by earlier entries and paying a little more attention to your email box. 

So let's give it a try, and resurrect a more proactive, "Premium" shorter term service alternative. Those who were Prime subscribers before know what to expect: Two trading windows a day the new trading signals can be generated and sent out, one after the open and one before the close. There will also be an occasional mid-session trade if I see on an hourly or two hourly chart with a very attractive trade set-up. There will be a stop associated with each trade as shorter-term we just cannot trade without stops. 

The "Standard" $59/mo ($599/yr) service will continue as usual, with one change: The daily updates will go our BEFORE the open each day to account for overseas trading. 

The new short-term service will be priced at $99/mo ($999/yr) and includes the current intermediate term system trading signals, plus additional trades based upon shorter-term charts (examples below), intraday alerts if needed and access to me during the trading sessions (via my personal email address) for specific trade-related questions. When you sign up for this expanded service I'll be sending you out an email with a few other particulars about how I've been trading these shorter-term charts. 


(1) Visit https://www.bluelinetradingsystem.com/pages/billing-portal-and-subscription-management and sign in. There will be an option to change subscription type (select Premium).


(2) Email us and request it. We can manually upgrade you.

Shorter Term Charts

Below the Open System Trades Table are posted several 180 minute charts embedded with the most recent trade signals. This should give some idea of the efficacy of these signals in a strong trend. All but VXX are in down trends. Key charts are IWM, EEM and VXX which comprise a well rounded and easy to manage short term portfolio. There will be a smattering of individual stocks, not too many, not too few,...just right. 





Examples Of Recent Short-Term Trading Signals

Dow Jones Industrial Average

As you view these short term charts below, note how there is a cluster of Sells around October 17th. On the Dow above, it was the top of the first rally up from lows that did not keep rising and instead found resistance at the down sloping upper channel line. It was the  beginning of the Lower Lows - Lower Highs trend that has taken charge of the market.