Info!! Clarifications Regarding Toll Target Calculations

I've been inundated amongst questions regarding the first as well as second posts detailing methods of calculating cost targets. Here are responses to the to a greater extent than mutual questions:

* All calculations are inward Excel; Excel functions volition calculate medians as well as averages for you. No complicated spreadsheet programming or statistical software is needed;

* The information come upwardly from my archives, which is why they become dorsum to belatedly 2002. It's a sample of convenience that cuts across a multifariousness of marketplace position conditions;

* Other values tin hold upwardly used, as well as I encourage readers to experiment amongst their ain formulas. In house of the day's average price, y'all could exercise the pin order for the twenty-four hr menstruum or the day's VWAP. Influenza A virus subtype H5N1 promising variation is to exercise today's opened upwardly as well as calculate cost targets exactly about that;

* The basic approach from my minute post tin hold upwardly used for whatever stock or ETF. You'll only take away to conform the constant inward the formulas for R1/S1, R2/S2, R3/S3, etc. Instead of using .60, .80, as well as 1.0 equally inward SPY, for instance, you'll take away to define the proper constants for each market;

* Using weekly information instead of daily information volition laissez passer on y'all cost targets for the next week. (Those constants take away to hold upwardly adjusted equally well). That is rattling useful for swing traders. I post weekly cost targets for SPY each Mon forenoon via Twitter;

* Formulas for the ES futures volition expect different, because the pin as well as volatility calculations volition contain overnight trading data. With SPY, in that location is no overnight information embedded inward the formulas.

Hope that's helpful. My finish inward providing the formulas is to encourage y'all to mean value of trading inward a unlike way, amongst an emphasis on exits as well as targets, non exactly entries. If my posts heighten questions as well as atomic number 82 y'all to explore the information on your ain as well as notice relationships unlike from the ones that I accept shared, I volition accept succeeded inward my mission!

Thanks equally ever for the involvement as well as support.
.