The Traders Journal

Tensile Trading ChartPack v2.0: 60 Upgrades to Help You Invest Smarter with Less Effort

6a0105370026df970c019b00c6d59c970b-800wiTo the over 500 investors who are presently using my ChartPack, I’ve been sincerely humbled by your many emails and wonderful personal comments.  When you are happy, making money and saving time, I’m happy too!  My objective is to help you step up your investing another tier with over 60 upgrades within Version 2.0.

(Instructions for installing the upgrade are at the bottom of this article.)

To those who have not yet downloaded the ChartPack, I’d like to invite you to read the introductory blog that describes each of the chartlists from Version 1.0 as well as the overall structure and trading methodology behind the Tensile Trading ChartPack.

http://blogs.stockcharts.com/journal/2013/11/the-tensile-trading-chartpack-users-manual-organized-optimized-for-maximizing-profits.html

 


 

 

Version 2.0 Upgrades

  1. Many of you have raved to me about the existing module of the 3 “Permission to Buy Chartlists”.  With this version, I’ve added my module of “Permission to Sell” which contains 10 historically significant charts that have behaved as leading and/or coincident indicators at significant market turning points.  This chartlist is a powerful reminder for the need to differentiate between a normal market pullback and a serious market downturn.
  2. Chartlist 105 added 5 ETFs which have been experiencing significant trading volume.  As a result, this chartlist now contains 89 of some of the most actively traded ETFs on the market.  The 5 added ETFs deal with Japan, China, Brazil, Small Cap Bear and S & P 500 Short.
  3. Chartlist 205 has added Turkey to the collection of country funds.
  4. Chartlist 420 has added the Fidelity Sector Real Estate Investment Fund.  This chartlist now tracks 40 Fidelity Sector Funds.
  5. Chartlists 420 – 12 through 420 – 88 have been updated to reflect Fidelity’s most recent accumulations (new buys) and recent sells.  This exercise yielded a significant number of key insights that I’ll share in a separate upcoming blog.  Each chartlist contains the individual Fidelity Sector Fund and the top 8 to 10 individual equities accumulated for that fund.  I would suggest you keep the “GR” prefix on these and don’t rename them.  That way,  you’ll be assured that you have Fidelity’s latest holdings reflected in your chartlist.
  6. Chartlist 740 is the sample of a typical stock holding chartlist that uses Johnson & Johnson (JNJ) as an example of an equity you might own.  It has the performance chart parameters refined.
  7. Chartlist 760 is the sample of a typical ETF holding chartlist that uses XLV as an example of an ETF you might own .  It has the performance chart parameters fine-tuned.
  8. Chartlist 780 is the sample of a typical mutual fund holding chartlist that uses the Vanguard Healthcare Fund as an example of a mutual fund you might own.  It has the performance chart parameters refined.
  9. Note the helpful chart specific descriptive comments available to you beneath the charts in five of the view formats:  10 per page, chartbook, gallery, print and edit views.

LOGISTICS:

I’d like you to think of the ChartPack as a fancy buffet covering all the essential investor food groups.  Remember that the objective here is not to eat each and every dish, but to maximize your market analysis while minimizing your time.  Place on your plate only what is most appropriate for the methodology you personally use. 

For example, if you don’t trade commodities, currencies or country funds, then you can jettison chartlists 205, 210 and 215.  Deleting these chartlists is easy and will unclutter your portfolio.  Remember that you only have 250 chartlist slots available to you.  (Pro users have 350 chartlists available.)  Having said that, remember as well that each chartlist can hold 500 separate symbols, giving you a maximum of 125,000 charts.  If that is a constraint, I candidly suspect you have some other organizational issues that you best address. 

The challenge is not chartlist slots or space, but organization.   Therefore, I’d like to describe how best to integrate all 87 chartlists that comprise the Tensile Trading ChartPack Version 2.0.

YOUR PALETE OF CHARTLISTS:

First and foremost, remember that the Tensile Trading ChartPack is based on decades of trading experience and is an organizational tool that’s objective remains to maximize analysis and minimize time.  In that vein, a very high leverage activity for you is to appropriately rename and renumber your chartlists to reflect your investment approach.

To best achieve this objective, it’s imperative to first understand the hierarchy of the symbols or how they get sequenced by the computer.   On any chartlist, use the format pulldown menu where the last option is “Edit”.  From there, you simply “click name to edit” any one of your chartlists and rename it in a manner that makes organizational sense to you.

Remember, this is how the computer will organize your names:

    a. Numbers come before letters (i.e. “792 Microsoft” gets sequenced before “Microsoft 792”)
    b. “10.1” gets sequenced before “10.2”
    c. “401 Energy” get sequenced before “401 Financials” (E comes before F)
    d. “420-36  Fidelity Defense” gets sequenced before “420-38 Fidelity Electronics”
    e. “798” gets sequenced before “7982”
    f. “Mutual -5” gets sequenced before “Mutual -6”
    g. In chartlists, symbols precede all numbers and letters.  If you want to get even more creative, here is how some cool symbols are sequenced in the hierarchy:

  1. #
  2. $
  3. %
  4. ?
  5. @

This organizational template not only is important as it becomes the roadmap for your regular analysis routines, but also remains flexible since renaming any chartlist is quick, easy,  never permanent and contributes significantly to judicious management of your precious time.  Clutter is bad.  Delete is in most cases good.

Remember that when you download the ChartPack, all the chartlists begin with “GR”, therefore they will appear all grouped together in your account.  Compare the organization of the chartlists as I present them to you in my ChartPack versus the organization of your own chartlists.

Now you have three organizational choices:

  1. If you already have a chartlist of International Indexes, you delete the ChartPack’s “GR-200 International Indexes”.  Delete redundancy!
  2. You blend your existing International Indexes Chartlist with the symbols from “GR-200 International Indexes” and then delete “GR-200”.
  3. You do not have a chartlist of International Indexes and you feel it would be useful to keep “GR-200 International Indexes”.    You simply rename it to fit into your portfolio’s organizational scheme.

BENEFITS OF THE CHARTPACK’S CHARTLISTS:

In most cases, I would suspect that you save the ChartPack version of a chartlist  (for example, “GR-450 U.S. versus Dow Industries”) because a full description of each symbol has been typed into the chartlist already for you.  When you add a symbol to any chartlist, you are responsible to “Edit Info” and describe the symbol in a manner you’d best understand.  It’s not an issue for one or two symbols, but it is quite a different issue if you have to look up 96 individual industry symbols and type each name into the chartlist.

An important caveat to remember is that you should NEVER actively manipulate a core chartlist.  Be sure instead to make a copy and then delete charts as you wish using the COPY chartlist.  Once you delete a symbol in a core chartlist, that symbol will vanish permanently.

UPGRADE INSTRUCTIONS FOR EXISTING CHARTPACK USERS:

Important:  If you have modified any of the charts in any of the ChartLists that start with “GR - ”,  those changes  will be deleted as part of the upgrade process.  If you want to keep those changes, you need to copy those charts into a different non-"GR" ChartList before you upgrade!

To Upgrade the Tensile Trading ChartPack, follow these steps:

  1. Log in to your account and then click on the "Your Account" link in the upper right corner of the web page.
  2. Scroll down and find the "ChartPacks" area towards the bottom of that page.
  3. Find the entry for the "Tensile Trading" ChartPack in the table that appears.  (If you don't see it, that means that you didn't purchase it - click here to purchase it.)
  4. Click on the "Re-Install" button next to the Tensile Trading ChartPack to start the reinstall process.

The download should take about 15 seconds.  At that point, you can explore the new chartlists and updates.

Trade well; trade with discipline!
-- Gatis Roze
 

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