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SuperTradeSystem.com (Tom Hennessy) profile provided by Tom Hennessy, Dec 21, 2015
Supertradesystem.com came into being in 2008 to share the Super Trades At Retrace or STAR Forex Trading System with the world. This is the beginning of a completely revolutionary and unique approach to Technical Analysis (TA).
STAR’s developer, TS Hennessy, stumbled and was felled many times by the same exact shortcomings that affect all traders. The frustration of losing tens of thousands despite so much effort left its mark.
Beginning trading in 1997 a bumpy ride began and only determination to try everything under the sun allowed survival, but not before experiencing what 95% of traders go through.
Fast forward to 2007:
After attempting to share the results of unique discoveries and a decade of experience in a meaningful way with newbie traders who need it most in forex forums it became clear that competing with the noise of a herd going over a cliff was pointless.
The trouble is that TA “knowledge” which was seemingly everywhere was itself not evolved and so even the language of these unique discoveries could not be used. It was decided that the exact methods would have to be published or no useful help could be given.
By this time the experimentation with nearly every indicator in existence as well as process systems and simple systems alike showed there was no promise of the one thing all traders need – consistency. Over a million chart views and TA came up gasping for air.
The discoveries by this point had been significant:
The Discoveries and Training Continue
Nine months after release of STAR the Supertradersclub community for dedicated support and training for STAR Owners was opened New Years Eve 2009. The site features a private forum because STAR is completely unique and really doesn’t play well with other methods.
STAR tools directly led to a further discovery called Base Tuned Dynamic Support and Resistance. This is a toolset that utilizes a surprising find and we call it BT DSR for short.
As strange as it may sound it turns out that all forex pairs of a common BASE, like the Euro base common to pairs such as Eur/Aud, Eur/Jpy, Eur/Usd etc., just so happen to run at their own unique “Frequency” or speed factoring. Every base is unique.
The tools are therefore TUNED and provide excellent evidence that the forex market already utilizes such frequency. The market has quite a good memory for support and resistance (S/R). Much more so for dynamic S/R, such as provided by moving averages which have been so “tuned”, rather than the static S/R like horizontal price zones.
This makes for some amazing decision support since the market “remembers” and you may plan reversal areas. This is actually one of the most sought after types of tools, being a true Leading Indicator.
You can view the video about this Fibonacci Festival that goes on without notice all the time on the Base Tuned Dynamic Support and Resistance (BT DSR) page.
Who knows what the future holds as the market is given full respect and weight and traders begin to realize that “Dumb TA” that only uses 50% of the speed controls at its disposal will fail 95% of traders as long as it does not evolve.
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