Your browser does not support JavaScript!

TradingLevels Downloadable Charting

Trading Levels Downloadable Charting Program

Trading Levels charting program is a downloadable application for your desktop.
Improve your trading by using the Trading Levels!
TradingLevels® Charting Program


Members can download!

This program is an easy-to-use charting application that can help in monitoring and analysing markets. TradingLevels™ Stock Market Charting Program can use free Yahoo based unmanaged data or, subscription-based, end-of-day data service depending on what suits your needs.

Yet another great addition to TradingLounge Member benefits!  TRIAL 2 WEEKS HERE

Risks of CFDs The main risk attached to CFD trading relates to leverage. When you use leverage to trade, you’re exposing yourself to greater levels of risk and, if trades go against you, you may find you lose more than your initial investment. Like any form of trading, CFDs should not be viewed as a get rich quick scheme. It requires knowledge, skill and a high level of involvement. Diversification and spreading trades across different instruments can help mitigate risk and avoid a ‘putting all you eggs in one basket’ scenario Money Management You should always be aware of the capital you have available and be sure to retain a sufficient base to meet your goals and, in the worst case scenario, cover any losses. This goes hand in hand with risk management. Risk management Never trade more than you can afford to lose. Your overall strategy should contain realistic limitations on leverage, trade size and capital outlay. No one knows your situation and capabilities better than you do, so come up with some appropriate guidelines that balance risk with your end goal and adhere to them as much as possible. In trading, you are the sole person in charge of your account, so you are also responsible for managing the amount of risk you expose yourself to. Position Size Defining a strategy will help you guide you towards making trades of an appropriate size and, in turn, help to ensure you don’t overreach by trading too big. The trade sizes you feel are appropriate will be dependent on your available capital and approach to risk Trade analysis and monitoring Regularly monitoring the markets will put you in a better position to take action on trades, if any is needed. This is especially important if you are using high leverage where small changes can lead to big losses. In those cases, immediate action can make a big difference. Post-trade analysis of all your trades is equally important as it helps you see the things you do well, along with those things you don’t do so well

CFD Trading Strategies & Tips Every CFD trader will have their own objectives, meaning no one strategy can suit everyone. However, there are some general tips that apply to anyone wanting to trade CFDs. Stop Loss If you’re not using a Stop Loss, you’re not trading responsibly. This is a safety net in the event that markets conditions work against you and it will help protect your account to some degree. The tool is built in to the MT4 trading platform so there’s no excuse not to put it in place. Commodity CFDs Commodities are basic goods that have been used in commercial trade as part of the global production chain, in many cases for hundreds of years. They include raw materials, primary agricultural products, base and precious metals, crude oil and more. Commodity CFDs give you the opportunity to trade on the movements in these factors of production or stores of wealth without the need to take, or make, physical delivery of the commodity specified. You can trade a uniform amount of the specified commodity, with a maturity date at a certain point in the future – or at least a rollover date – without the need to physical take receipt of the commodity. In other words, you’re not buying or selling a physical good, for example a kilogram of gold, a barrel of crude oil or a warehouse full of copper. All you’re doing is trading on the real price movements of the commodity in the market, in whatever direction you want. Index CFDs Individual stocks trading on global exchanges are usually grouped into some kind of index. Think of the names you are familiar with; The Dow Jones, NASDAQ, Nikkei, FTSE and S&P. The ASX (Australian Securities Exchange) – or SPI 200 as the CFD is known – is the local version of these big global indexes. Because they group the shares of their constituent companies, Indexes are an effective way to measure the collective value of certain sections of the stock market. For example, the Dow Jones represents 30 large publicly owned companies based in the USA; the Nikkei represents the top 225 blue-chip companies on the Tokyo Stock Exchange; the SPI 200 represents the top 200 companies on the ASX, the China A50 represents the top 50 companies in China and the Eurostoxx 50 represents the top 50 companies in Europe. As we know, CFDs do not require the purchase of an asset, so when you trade Index CFDs you are simply following the price movement of the index as it rises or falls. Types of CFDs CFDs are known as derivatives because their value is derived from the real value of a separate asset like a stock or commodity. There are several categories of CFDs. Share CFDs The most commonly traded CFDs involve shares or stocks. Ordinarily, when you trade stocks you are buying into a company and your profit will depend on that company improving its stock price. But with share CFDs you do not own stock and are simply trading on the price movement of those stocks, either up or down

TradingLevels FAQs + Guides

TradingLevels Charting Program Features  

FAQs

Charting Program Tour Video

Creating A Chart
Saving Charts to Watch List
Applying Basic Indicators
Applying Indicators to Charts
Applying TradingLevels
Chart Styles – Bar, Candle + Lines
Basic Drawing Tools
Drawing Objects
Saving Objects on Charts

 


 

 

TradingLevels Charting Program Features

Features include:

  • TradingLevels® trading guide lines appear automatically on every chart
  • Yahoo data – 50 Exchanges! (Note, this is delayed, unmanaged data)
  • Takes Managed data from JustData (reasonable prices!) – our preferred End-of-Day, or Hourly-Data provider Important for learning more about the tradinglevels for trading stocks
  • Advanced drawing objects
  • Advanced Fibonacci tools
  • Watchlist customisable
  • Customisable charts
  • Large array of indicators
  • Scanning functionality
  • and many more to discover!


FAQs

 

1. What are the system requirements?


Windows XP or Windows Vista
400mhz or better CPU
256mb of RAM
5mb of disk space.Net Framework 3.5 (Free download from Microsoft, you'll be directed to it during installation if need be)
Internet connection

2. How do I download and install the program onto my computer?


You click on the DOWNLOAD BUTTON at the top of this page to download the program, save it to your computer and then run the Install Package.
(The Install Package will direct you to a Microsoft site where you can download .Net framework 3.5 if you haven't already got it installed.)

3. How do I activate the program?


Each time you open the program it will ask you for a Username and Password.
Just enter the details you normally use when logging into TradingLounge.com.
NOTE: The program can only be activated by current TradingLounge Members.

4. What data is included in the free charting program?


4.1 Free Yahoo Data

Update: Yahoo's price data was taken over by Verizon and don't share their data any more. We are waiting to see if someone else fills this gap in the market. 

TradingLounge uses justdata.com.au end of day data for the tradinglevels charting program

4.2  Subscription Paid/Managed Data

We recommend JustData who has managed, End-of-Day and Hourly data at reasonable annual rates
If you would like to buy from JustData contact Just Data via phone and mention you are a TradingLounge member – sales: 07 3821 5177 support: 07 3286 7440 or go to this page


5.  Many TradingLounge™ Analysis subscribers are already getting data from JustData

If this is you, simply follow the instructions below to get Bodhi into the TradingLevels® Charting Program:
Leave BodhiGold V4 on your computer until you are up and running on BodhiGold V5. During installation it will ask "Do you want to use your current BodhiGold settings?"
Answer: "Yes"

BodhiGold V5 can be downloaded from HERE:
http://www.justdata.com.au/Products/BodhiGold/upgrade.htm (if it does not open by clicking on the link, copy (Ctrl C) and paste (Ctrl V) it into your web browser).

Save the B5setup.exe file to your 'Windows Desktop' as it is easy to install from there by double clicking on the B5setup.exe icon. BodhiGold V5 will put a new icon on your desktop.

Also please download the User Guide. The Guide will show you how to make full use of the software and how to create a Watch List and so on.

To Register, email Jenny at JustData jenny@justdata.com.au for the Installation Code that appears in the Registration Window
When a new user with the TradingLevels® Charting Program installs BodhiV5, the data by default will go in a single directory C:\Data\MetaStock\ASX0 for ASX data, C:\Data\MetaStock\SFE0 for SFE data etc. For BodhiGoldV4 subscribers upgrading to BodhiGoldV5 you can update into a Single directory after have installed using BodhiGold4 settings this is how it can be done:

1. Open Bodhi5
2. Click on 'Configure'
3. Click on the CUSTOM tab
4. Click on File>Copy Selected profiile - Enter a name eg Peter then click OK
To update a single directory
1. Click on Path>Insert>Metastock
2. Type in C:\Data\%SOURCE%* then OK (this will mean ASX will update to C:\Data\ASXO)
NOTE: Leave the alpha numeric directory active as you need this until the data has filtered over to the single directory next few times you Click on CatchUp it will run slowly until data has filtered over.

 

6. METAstock Data

Create a folder named ASX0 and the Metastock data files including the Master file then has to be copied to this folder.

 


 

 

Charting Program Tour

Please watch the Video!

 xxxxxxxxxx

 

 

 

 


  

Join 2 Weeks HERE and see all the help you need.

 

Creating A Chart

Saving Charts to Watch List

Applying Basic Indicators

Applying Indicators to Charts

Applying TradingLevels

Chart Styles – Bar, Candle + Lines

Basic Drawing Tools

Drawing Objects

Saving Objects on Charts

Join 2 Weeks HERE and see all the help you need.