Bloomberg Terminals Offer Unique Price Behaviour Trading Software
Bloomberg has paired with the worlds leading authority on stock market and foreign exchange price behaviour, Mike Baghdady, to bring his unique trading technique and software to its users today...
Unlike the many indicators already out there, the 'McDady Price Behaviour software package is programmed to identify significant price points, created by professional traders, that move the markets.
It was developed from Mike Baghdadys more than 30 years of trading the financial markets and is the only rule-based trading software in the world based purely on price behaviour.
The software, which can be applied to the FX, commodities and stock markets, is available in two forms on Bloomberg terminals from today:
1/. The Short Term System for intraday trading;
2/. The Long Term Position System for investors who want to trade with a longer-term horizon.
"I am humbled by the acknowledgement of our software's power by Bloomberg" Mike said.
"The most experienced traders use some of the rules of price behaviour already, without even knowing it. But they lose valuable opportunities to make money because they dont recognise the signs telling them to get into or out of a trade. Our software acts as an invaluable co-pilot for them, dramatically increasing their odds of making successful bets."
Bloomberg and Mikes leading London and New York-based trading school Spyglass Trading Solutions ( www.spyglasstrading.co.uk ) launched their collaboration today with a seminar at the financial news companys Mexico City office, outlining the key concepts of price behaviour so traders can plan and execute their trades more efficiently, using the software.
Traders who do not have Bloomberg access can join the Spyglass Weekly Trade Planning Session hosted by Mike every Sunday at 1900 GMT by way of an introduction to the system. The sessions offer an invaluable forecast of the forthcoming weeks market price action. More here: http://www.spyglasstrading.co.uk/5009-sunday-sessions.html
Mike Baghdady is the worlds foremost expert on Price Behaviour and a 33-year veteran of the global financial markets, spending the tail-end of his professional career on the NYBOT trading floor.
A key market analyst, syndicated magazine columnist and commentator for financial television stations, Mike was apprentice to Alan Shaw, widely considered to be the father of modern Technical Analysis learning.
Mike teaches technical trading techniques to banks, institutions and dealing desks and delivers keynote speeches at private seminars and trading shows.
