Trade Strategy 11.18.14

Early weakness in prior session probed lower to find a probable “secure low” at 2025.25 level on Cycle Day 1 (CD1). Price held bid throughout the day holding above its Open Range and VolumeTrend/Midpoint (VTMP). Price remains congested in a narrow, tightly wound range, with the potential of breaking out to higher ground…

Today is Cycle Day 2 (CD2)…Odds of Rally > 10 = 84%; Odds of Rally > 20 = 45%; Average Range on CD2 = 14.50; Max Range = 22.50. Possible High = 2050 based upon clearing and converting PDH (2040.50); Possible Low = 2025.25 based upon failure to expand range. TargetMaster Range Parameters = 2048.00 – 2030.50.

***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 (2040.50), THEN there is a 70% chance of price achieving 2044.50 – 2045.25 zone, followed by Range expansion targets between 2047.50 – 2048.75…2050.00.

Scenario 2: Failure to expand range keeps price contained within recent multi-day range…Levels to be mindful of on any pullback are: 2034.75 – 2036.25 3DCPZ; TargetMaster Range Breakdown Level 2030.50 and STATX Zone between 2025.50 – 2027.50.

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 Two
I am detached from the results. I think in terms of the process and the validity of the process. I understand that I am more than the trading. I do not tie a fragile ego to any day’s trading results. I have faith that over time I will make money. The results of any one trade are statistically unimportant. I think in term of probability. A single trade says nothing about me as a person.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS


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