Trade Strategy 11.17.14

Having made a new all-time high at 2043.75 last week, price has struggled to get back above 2038.50 on a closing basis, so this level will now be “key marker’ to penetrate and convert for high prices.

Today is Cycle Day 1 (CD1) and begins a new probe for a secure low. Overnight action has already pushed price lower to initial cycle range target of 2025.50…We will mark this level as important low from which to base long trades until it is violated and converted.

Odds of Decline > 10 = 71%; Odds of Decline > 20 = 41%; Average Range on CD1 = 18.75; Max Range = 22.00;  Possible High Zone = 2046.75 = 2048.25 based upon converting CD3 high; Possible Low = 2025.50 based upon average decline on CD1. TargetMaster Range Parameters: 2047.25 – 2030.00.

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

Today’s Hypotheses:

Scenario 1: IF price clears and converts PDH ( 2039.75), THEN there is a 50% chance of reaching 2041.75, then continued strength targets 2044.25, 2046.75 through 2049.50 STATX Zone.

Scenario 2: Failure to convert PDH (2039.75) suggests additional back n fill price action within current multi-day trading range. Support zone between 2025 – 2030 become critical for the bulls to continue to respond should additional selling develop. Violation of ONL (2025.25) targets 2021.50, followed by 2018.50 – 2017.75 zone.

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 of 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.


Leave a Reply