Trading Edges That Last
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Open range breakout system is a well known concept. It is a variation of the classic N-bar breakout system. This concept is so widely talked about because it works. I ...READ MORELawrence's Comment Recap Breakout happened although it is not towards the downside. Same drill with Y+3 normal breakout target tagged and consolidated around that since. Closed the week below Y+3 and above ...READ MOREPrecog Vision – US Indices 2014-8-13Open Range Breakout Daytrading System3DP Odds Table (DIA) 2011-12-05AUDUSD Feb 10 to Feb 14 OutlookReal-time Commentaries 2019-9-18Intraday Cycle Projection (YM) 2022-09-27Hot n Cold (YM) 2018-2-9USDCAD Sep 19 to Sep 23 OutlookS&P 500 Mar 06 to Mar 10 Outlook3DP Odds Table (DIA) 2011-06-15
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Dow 30 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
The wildest swings within a week in US stock market history. Closed the week above Y-1.
Outlook
The waterfall selloff is now completed and that the first leg of this selloff is over.
If in coming few days Dow just moving around the B+1 to Y-1 zone, the selloff will resume to at least retest the low (B-1).
Daytrading is still better than swing trading in this environment.
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