Trade Strategy 02.11.15

Following an early morning pullback in price to test Open Range Gap, price proceeded to progressively climb higher to reach projected HOD target at 2065.50 outlined in prior DTS 02.10.15.

Today begins a new Cycle (CD1)…We would normally be looking for a decline probe for a new “secure cycle low”. Having closed with strong momentum, any pullback may be relatively shallow…Initial Support to be mindful of is 2059.50…then 2056.50 Central Pivot Zone.

Cycle Day 1 (CD1)…Odds of Decline > 10 = 71%; Odds of Decline > 20 = 41%; Average Range on CD1 = 18.75; Max Average Range =22.00. Possible High = 2075 based upon penetration of CD3 high; Possible Low = 2045.00 based upon average range on CD1.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses:

Scenario 1: Price exhibited strong momentum into settlement…Any pullback may be shallow with initial support marked at 2059.50, followed by 2056.50 CPZ. Should price find renewed buying at or above these levels, there is a 50% chance price retests PDH (2066.50). IF price Clears and Converts (C&C) this level, THEN upside projects 2070 – 2072.50 STATX Zone, followed by average penetration zone 2075.00 – 2077.50.

Scenario 2: Expectation on CD1 is for price to decline to probe for new “secure low”…Failure to convert PDH (2066.50) suggests buying strength has been cut-off. Any decline will need to find responsive buyers at key support decision points…Levels to be mindful of are: 2059.50 – 2056.50 Central Pivot Zone. Failure to hold support targets 2053.25 – 2051.25 3D CPZ. Should that zone get violated, then downside targets 2045.00 – 2042.75.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

Habitude One
I am ready to trade. My patterns are verified. My homework is complete. My mind is clear. I have rehearsed everything. I am prepared strategically, emotionally, and financially each and every day.


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