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Date/Time: Sun, 24 Nov 2024 09:36:25 +0000



Post From: open range question (for users as well)

[2013-10-12 20:13:03]
M5amhan - Posts: 468
well thanks to ganz for being so awesome, i was able to run statistics on the probabilities of price hitting these extensions during the pit session. they are very compelling, of course you still need an entry system to compliment these targets.

http://www.sierrachart.com/image.php?l=1381542568892.png = crude oil
http://www.sierrachart.com/image.php?l=1381542885143.png = russell 2000
http://www.sierrachart.com/image.php?l=1381543389587.png = S&P 500

i knew how high the probability was of hitting these targets already just from using it for a while, but seeing it visually like this really should hold you accountable to hold your winners and trail stops in a way to give price a chance to hit the targets

a tip on the time frame, if you are using tick charts it will only calculate correctly using 1000t or less.. i don't know why, but that's what i found out


Date Time Of Last Edit: 2015-04-20 16:49:07
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