Trade Strategy 11.24.14

As the Thanksgiving Holiday week begins, let us all take time-out to reflect on how fortunate we are and express our deep gratitude for life.

POBC joined in the “money easing game” by lowering interest rates to spark economic growth…So now  the ECB, BOJ, POBC and US have and continue to awash “cheap money” throughout the World. Though that may seem like a boon for financial markets, it also underpins the deep economic problems around the Globe.

Today is Cycle Day 3 (CD3), as we stated on Friday, price has exceeded all cycle targets…Price is free to flow both upside or downside to probe for secure high and low levels. With the shortened holiday week, volumes will become lighter as traders/investors will take additional time-off…so price movement could become choppy…”Thin To Win”

Possible High for CD3 = 2082, based upon conversion of CD2 high (2072.25); Possible Low = 2054, based upon average range observed on CD3; Average Range = 17.75; Max Range = 21.25 TargetMaster Range Parameters = 2075.25 – 2049.25.

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

Today’s Hypotheses:

Scenario 1: IF PDH (2072.25) is cleared and converted, THEN there is a 50% chance of price reaching 2075.25, followed by 2080 – 2082 expansion zone.

Scenario 2: Failure to convert PDH (2072.25), suggests back n fill consolidation of recent price gains. Initial Resistance is marked at 2068…Initial Support marked at 2058.00…Beyond these levels and price could expand range in either direction…Today’s Central Pivot (CPZ) = 2061 handle…Three-Day Central Pivot Zone (3DCPZ) = 2052.25 – 2049.75.

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 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 Six
I am at peace with uncertainty. I know there is no such thing as a sure thing. I have no particular need to be right. I understand that being perfect has no place in trading. I am flexible. I am willing to change my mind. I am alert to scenario changes. I accept the information that tells me I am on the right track or on the wrong track.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS


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