TRENDSPIDER REVIEW

TrendSpider Review - How to Use TrendSpider & Use their Beautiful Automated Charts (Discount Below)

Game changing automated technical analysis software for active traders.

TRENDSPIDER REVIEW

In this TrendSpider review we will discus why this charting platform is the future of technical analysis. As a matter of fact, the future of charting for "retail" traders is here! It doesn't matter if you're trading stocks, cryptocurrency, futures or Forex. Truly, if you've been trading long enough, you've figured out that trading is all about finding your edge. With TrendSpider you'll have an edge over other traders who are not using algorithms for trading. Use promo code BULLBEAR30 to save 30% off PRO Yearly or ELITE Yearly plans below.

TrendSpider Review

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TrendSpider Review

​​​​TRENDSPIDER REVIEW ANALYSIS

Why? Firstly, because the automated, computer generated drawing of trend lines will allow the beginner or advanced trader to identify trends faster. Secondly because the charting tool helps you time entries and exits into trades more effectively. Thirdly because it makes trading simpler and easier. And in today's busy world that is much appreciated. I might be the "Trend Line Master" but one thing I noticed about my charting is that I sometimes make mistakes. I miss a a trend line here and there. I'm human after all. Read More

​​​​MULT-TIME FRAME ANALYSIS

As a rule, the best way to figure out how to use Trend Spider is to dive in and start playing with it. The main feature and curb appeal is the multi-time frame analysis. Below is an example of comparing a daily and weekly chart. You can split your screen into 4 separate charts. Meaning 2 time frames per chart window, for a total of 8 time frames!

To begin with, being able to compare two time frames at once saves time, and adds confidence to your analysis. Also it adds accuracy to your trading plan. As a result, trading your daily swing trade setup becomes a lot easier when you know there is "room to run" according to the weekly charts trend lines as well as where different time frame moving averages lurk on your shorter time frame charts. Can't you see why we love them now from reading this TrendSpider review?

Next, once you've gone over the charts, you set your alert, and wait for your entry, and trade the plan! In our trading service, the Bullish Bears team shows how to use TrendSpider when we are trading live in our trading room.

Trend Spider

Here is an example of a TrendSpider chart of $CMG. Note the daily trend lines are highlighted solid. The weekly trend lines are dotted to make them distinguishable Comparing the two and setting alerts for when a candlestick touches the trend line you are eyeballing is the name of the game.

AUTOMATED FIBONACCI RETRACEMENTS

Another key feature is automatic Fibonacci retracements. This is another great time saver that uses the proper analysis for the time frame you are viewing. In general, I use Fibonacci retracements for both day trading and swing trading. I find their mechanical levels of support and resistance to act as magnets for price.

Consequently, I have found the automation is superior in that there is no guesswork on what peak or low to draw the fib lines to. The platform does it for you, effectively removing all the bias and potential error.  Read other TrendSpider review articles and they'll confirm what we are saying here.

CMG

Weekly Fibonacci retracement of $CMG

​​​​AUTOMATIC CANDLESTICK PATTERN DETECTION

By the way, as you guys may already know, we are big candlestick pattern traders. Generally we are often discussing candlestick patterns on our live streams. We even created an entire free candlestick course for traders to learn this very important part of trading.

Additionally what we love about TrendSpider is there ability to recognize over 40 different candlestick patterns (and counting). In order to use this feature simply click and select which candlestick pattern you are looking for and it will be highlighted so you can easily find it on the chart. 

Trends

To demonstrate above check out the hammer candlestick recognition in the platform, highlighted in blue.

DAY TRADING

Above we have shown how TrendSpider works for swing trading, but using TrendSpider for day trading strategies is fantastic as well.  Next take a look at the $SPY chart below. For example you can see how using a 5 minute time frame against the daily time frame chart allowed for a couple of good long and short entries.

Trends

​​​​TRENDSPIDER REVIEW WEBINAR

Also check out our webinar below with Trend Spider from earlier this year. We were lucky enough to have the founder of the company show us how to use Trend Spider effectively. The product continues to get better with each new update. We will update this TrendSpider review once these updates take place. When you become a Trend Spider member you can rest assured the product will continue to get better as it ages! Another key point of this trendspider review is to talk about the trade alerts. Right click a trend line and it will bring up some interesting choices. You can set the alert to email and text you when a trend line is hit. Read More

Trend Lines

HOW TO SET MULTI FACTOR ALERTS

So, if you've been a trader long enough, you realize that successful trades happen when a confluence of factors are taking place. Well, within the TrendSpider platform we now have multi-factor alerts. These allow you to customize a few different criteria for your alert to fire off. First, go to the alert section of TS and select the + sign to create the alert. Secondly, you can select your conditions. This is where you can really use the alert system to mirror your style of trading. Do you want an alert when daily RSI is oversold, a 5 minute candle forms a tweezer bottom, and a hourly candle forms off the 8 SMA Daily? Within .15 cents? You can do that!

To read more about this update check out their edited blog post here. Read More

RAIN DROP CANDLES!

What are Rain drop candles, you might ask? These are TrendSpiders newest feature (as of May 2019). TrendSpider invented a human-friendly volume profile candle chart that helps traders focus on actual market sentiment rather than just abstract prices.

Rain drop Charts are a new kind of financial chart that abstracts away arbitrary constructs, such as open and close prices, and focuses on changes in market sentiment. Rather than conveying price changes, Raindrop Charts incorporate volume to validate price movements and provide deeper insights. This is what makes it a powerful alternative to traditional candlestick charts that focus exclusively on price and require additional overlays to analyze volume. This concept makes it very different and, like everything TrendSpider does..makes it easier!

TrendSpider Raindrops

                                                                                   Trend Spider Raindrop Charts - pretty cool huh?

In a Raindrop Chart, each bar, known as a Raindrop, covers a fixed period of time and consists of the high, low, along with left and right means. The left mean is the mean price, weighted by volume, for the first half of the period, and the right mean is the mean price, weighted by volume, for the second half of the period.

GIVE IT A TRY

If you liked what you saw in this TrendSpider Review, feel free to try a free trial of the product for yourself below! Also, for Bullish Bears members we do have some special discount codes.

Here are two discounts exclusive for our members. Bullish Bears members get 15% off for by using coupon code BULLISH15. or use BULLBEAR30 - which is 30% off plans. The coupon applies to first 12 months of service, renewals after 12 months are at normal prices. If you guys go for the yearly, using the above coupon, you save 15% once for paying yearly. Then save 30% again with our discount. That's a total of 45% off the yearly plan. It’s a great deal for a platform this robust! You won't find another product like it on the market. 

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Use promo code BULLBEAR30 to save 30% off PRO Yearly or ELITE Yearly plans.

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BULLISH BEARS REVIEWS

Excellent resource for trading insight. Thanks to the owners and operators of Bullish Bears.

Jeff H.

Absolutely my favorite learning group. Shout out to Lucien, Tim, and Dan! I have learned so much though your courses... read more

Troy S.

By FAR the best group out there. Keep the rooms clean, everything is civil, try their best to keep out... read more

David S.
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