|
PureBytes Links
Trading Reference Links
|
There seems to be a great deal of guessing going on about where the QQQ
will be and when. Here is my matrix for the QQQ the Probabilities
are that once an EP is hit there is an 80% probability of reaching PO1,
a 70% probability of reaching PO2 and a 60% probability of reaching the
target for that trading cycle. Each is specific. no guessing as to
whether this or that line will hold. The stops are specific also
to take care of that 20% risk factor. Each of the trading cycles is still
active and the targets reached for each cycle is noted. Your current
location is also noted. The numbers on the left are for the down
cycles and those on the right ar for the up cycles. EP=entry
price. PO=price objective. Target=price target for that cycle. Each
Price Objective first acts as resistance and as support. A cycle is active
until either the target is reached or the stop is hit. One or the
other will void the cycle. So QQQ can reach the target of the current
cycle and still be nothing more then a retracement of the down legs. Contra
trend trades usually end at PO1. A price of 35.85 will void this
up move we are in and once again restart the down cycles. Hope that
this isn't too confusing, I am giving the prices to expect but no dates
as they may come before Friday. This is expiration week and you can
get some funny price movement.
BobR wrote:
If
a Raff Regression channel is added it also points to the lower target.
Now that the microscope has been pinpointed onto the target, it will move
per the Heisenbergh Uncertanty principle of financial physics. bobr
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: ""
|