As regular readers are aware, a cornerstone of my training for the twenty-four hr menstruum is calculating toll targets for the trading session, as well as therefore that I tin handicap the odds of hitting those objectives. Having concrete, backtested targets inward advance is helpful inward belongings winning trades.
What makes the targets I calculate dissimilar from normal "pivot levels" is that I conform the targets for recent marketplace volatility, as well as therefore that the odds of hitting a distant target inward a high volatility surroundings are similar to the odds of hitting a to a greater extent than pocket-size target when volatility is low.
In the concluding yoke of years, I've made several adjustments to my calculations as well as therefore that the targets move too equally possible inward providing guidance inward damage of how far we're probable to deed upwardly or down. Over the concluding few days, I've made even as well as therefore roughly other adjustment. I'll hold out keeping the methodology proprietary for now, but volition transcend away on to postal service target levels inward my morn Twitter posts (Handicapping the Odds of Hitting Profit Targets
Planning Trades Around Profit Targets
Pivot Targets as well as Historical Trading Patterns
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