By John R. Stevenson
On may well 27, 2003, common electrical stocks closed at $27.42. the easy process published during this outstanding publication projected on that day excessive of $31.66 will be accomplished on June seventeenth. three weeks later, on June seventeenth, as projected, GE reached an intraday excessive of $31.66. This excessive marked a big intermediate turning aspect which used to be no longer passed for months. this technique might be utilized to ANY energetic industry, no matter if shares, futures, or indices, in ANY timeframe. think the price of getting the information of the way to make comparable projections of cost and time goals within the markets you exchange! Publisher's be aware: the fabric during this booklet will be construed strictly as a buying and selling "tool" and never as a standalone procedure. mixed along with your present method, it could actually upload a beneficial new measurement in your buying and selling acumen and services.
Read or Download Precision Trading With Stevenson Price and Time Targets PDF
Similar investing books
I'm beginning as on OTC dealer on Wall highway, and this publication is de facto juvenile. What the booklet needed to provide was once no longer even simple, and unnecessary. .. for instance, in examining the extent II reveal part, they inform you to observe Goldman Sachs (GSCO), yet to be cautious, when you consider that the the GSCO marketplace maker is familiar with that many investors watch.
On may possibly 27, 2003, common electrical stocks closed at $27. forty two. the straightforward approach printed during this awesome ebook projected on that day excessive of $31. sixty six will be accomplished on June seventeenth. three weeks later, on June seventeenth, as projected, GE reached an intraday excessive of $31. sixty six. This excessive marked a huge intermediate turning element which was once now not surpassed for months.
The legislation and perform during this paintings is that at tenth] anuary 1978. to accomplish this paintings in Autumn 1977, as initially meant, used to be most unlikely. largely, this has been because of the alterations within the Finance Act 1977, many of the mini budgets and the alternate regulate alterations, a lot of that are appropriate to the subject material of this paintings.
From a interval of progress and significantly excessive degrees of profitability, Greek banks lately discovered themselves scuffling with an enormous reduce fashionable within the neighborhood industry, and a rise in non-performing loans. How is the Greek banking process capable of continue to exist the drawback? this is often mentioned by way of the final 15 years of the Greek banking process.
- Credit Derivatives and Structured Credit Trading
- The options edge
- Understanding Stocks
- Option Spread Trading: A Comprehensive Guide to Strategies and Tactics
- CBOT Handbook of Futures and Options
- Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes
Extra info for Precision Trading With Stevenson Price and Time Targets
L. . . . . . . i · · · · · ii ' " . . . . . . i ! . ; CHART 1 1 07/ 1 5/03 started with small cycles and rather "choppy" market action. These small cycles are not tradable but going to a one minute chart can be helpful! See next chart. 34 PRECISION TRADING WITH STEVENSON PRICE AND TIME TARGETS . . j_ i . · :. • • • • • • • • • • • · . · · · · · · · · · 1 l �-:-: :r: : : : � : : :�: �� i:-:-:= · · · · " · ·· - · · · · · · · · · · · · · · - · · · · · · · · · · . . . · · · · ..
LId Ililt ... 1l ! l llll ! lt l,1I1 I II till" \. >.. !! 1 CHART 22 GUIDANCE THROUGH THE DAY At the 1 0: 3 5 bar, the first PTT could have been drawn as shown at the end of the TL I e. From that point on, the PIT's were drawn as the chart unfolded during the trading day. Notice the trend changing as you follow the slope ofthe TL on the regular cycles. Since every PIT is expected to be accurate, the "falling short" at #4 was very important in analyzing the future direction ofthe market. 48 "I..!
I'" . �. ! ; . \: . 0000 17 24 31 7 14 21 28 ADr 5 Mav 12 19 27 2 9 Jun 16 23 30 7 Jul 14 21 28 CHART 8 CONCEPT 2 This is chart #4 revisited. Likewise here, to detennine if the cycle from B to C had ended, a TL was drawn from point B to point C. This TL is then CLONED and shifted to the right until it touches a single price bar, as shown. A close above this TL suggests quite strongly that the cycle from B to C has ended and the first part of the regular cycle has started up. Other examples will show this is a very valuable tool to help make timely entries or exits from the market.