FAQ

The schedule is always uploaded on Sundays to the FILES section of the Pro Trading Room
(there will be a pic here)

The software is called WindoTrader and it is the best in class application for charting futures markets using market profileA way of reading the market that recognizes either time spent or volume traded at a particular price level. A market profile can be either made up of “TPO’s” (time price opportunities), or volume. TPO’s measure how much time was spent at a particular price, while volume-based market profiles measure how much volume traded at a particular price. Generally, market profile is used in the trading of futures, especially the /ES. ShadowTrader utilizes volume based profiles.. There is a small discount for ShadowTrader clients at www.windotrader.com/shadowtrader OR call Terry at 702-800-4628 and ask him about the “ShadowTrader Discount”

The instructions are on the home screen after you enter in the My Account section. If you missed it there, you can also click the cell phone icon in the trading room which is in the upper left hand corner.

To cancel your subscription login at shadowtrader.net and click My Account at the top right. Next, click My Subscriptions on the left hand side menu. Click view on the subscription you wish to cancel. Next, click the cancel button.

You can resubscribe by following the above steps and click the Resubscribe button.

No, all alerts are somewhat time sensitive and we feel that the pro trading room software with it’s real-time alerts function is the best way to share this information. When coupled with the ShadowTrader mobile app, you’ll never miss anything this way as you can get access even when away from your desk.

YES! Our Pro Trading Room desktop application and dedicated mobile phone app work perfectly wherever you are in the world as long as you have an internet connection.

In the alerts section which is in the upper left of the desktop version, click the little gear icon and type whatever you want to search for such as a trade number or symbol into the window and press enter. All alerts that contain whatever you searched for will display in the window. To go back to the normal view of all alerts, simply click the “x” in the search window.

Yes, you can slick the little speaker icon in the upper right which is next to the refresh icon. In the dropdown, click the blue MUTE button.

Yes, click the speaker icon in the upper right and check/uncheck the applicable boxes in the drop down menu.

If a moderator is sharing multiple screens then all of those screens will appear as tabs at the top of your application. Simply click on the appropriate tab to display that screenshare.

Peter recommends having at least $50,000 of unmargined capital to follow along with all the trades. That being said, almost every trade posted can be modified to require less margin and risk. If a trade calls for a naked single option, smaller traders can trade it as a wide vertical instead. By the same token, ratio spreads can easily become broken wing butterflies which are less risky and margin intensive. Many subscribers have reported great success to us by simply choosing different spreads which are still in the “spirit of the trade”.

His email is asktheshadow@shadowtrader.net

To cancel your subscription login at shadowtrader.net and click My Account at the top right. Next, click My Subscriptions on the left hand side menu. Click view on the subscription you wish to cancel. Next, click the cancel button.

Along the left hand side just to the right of the WATCHLISTS section, there are icons running from top to bottom. Click the fifth one from the top which has four little white squares arranged to look like a window with panes. That will open up four charts that are two across and two down.

In the upper two boxes, enter the symbols “$VOLD” for the breadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. and “$ADD” for the advance declineThe advance decline line for the NYSE or Nasdaq. This is a figure composed of a net sum of the number of advancing stocks minus the number of declining stocks at any given moment in each of the two respective markets. line.

In the lower two boxes, enter “$TICK” for the NYSE TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. in one box and “/ESM3” or whatever is the symbol for the current front month of S&P e-mini futures.

Key levels are usually only active for the current day but in many situations should be carried forward if not tested in the current session. A good example of this would be a point of controlAlso called “POC” for short. The level in the futures inside the value area where either the greatest amount of volume traded in the prior session, or the greatest amount of time was spent as measured by the number of TPO’s going across. Measured this way, the POC would be the widest part of any given market profile. While ShadowTrader calculates its value areas and points of control using volume exclusively, we are always very aware of where the TPO POC is and it’s relation to current prices or patterns in the profile. Both are very important. that never gets traded through. This POCPoint of Control, also known as the "fairest price to do business". It is the price level in the /ES where the greatest amount of volume in the prior RTH session traded. ShadowTrader measures the POC using volume but the traditional way is to mark off the widest point of the day's distribution where the most TPO's printed going across from left to right, indicating that that was the price where the most time was spent. It's important to pay attention to both the volume POC and the TPO POC. now becomes a VPOCVirgin Point of Control. This is a point of control level that has not yet been tested (traded through) during an RTH session. If the POC gets tested during an overnight session, it does not count and remains "virgin" until it happens during a day session. (Virgin Point of ControlAlso called “POC” for short. The level in the futures inside the value area where either the greatest amount of volume traded in the prior session, or the greatest amount of time was spent as measured by the number of TPO’s going across. Measured this way, the POC would be the widest part of any given market profile. While ShadowTrader calculates its value areas and points of control using volume exclusively, we are always very aware of where the TPO POC is and it’s relation to current prices or patterns in the profile. Both are very important.) and should be carried forward in your narrative for potentially being in play in a subsequent session.

To cancel your subscription login at shadowtrader.net and click My Account at the top right. Next, click My Subscriptions on the left hand side menu. Click view on the subscription you wish to cancel. Next, click the cancel button.