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Forgot to mention that the strength chart runs the same calc but expressed from two different perspectives, plotted on the top & bottom half of the screen. The top is taking each stock relative to its previous day's close and the bottom looks at it from each stock's respective open of today...

The premarket is looking decent, but I'll know more and post shortly after the open. A couple items to notice when looking at the valuation chart and price targets combined: If I'm looking for my next long entry, ideally I'd like to see both smoothed averages below 1 standard. From there, if...

Monday's pricing.

Excel pic of stats from Dec 07 through this Friday.

Petsamo...I'm attaching 3 pics. It looks like I can only attach one at a time, so I'll follow this message with two more containing those pics; would appreciate your feedback. The first is a combined target bracketing with the valuation model below. It's fairly basic stuff. The valuation...

You bet. That's what I get for bucking my own valuation. I don't get days too often where the internals get worse than what develops during the opening range; today not so. I cashed out yesterday, but that's not to say I wouldn't have given it a go today. I mentioned earlier I've only been...

My strength numbers, while negative, should still see the day hanging no less than where the market is currently trading. My stats are consistent. The only thing I've noticed is that the range between the absolute high for a good day vs the absolute low for a negative day is historically...

Here's a pic of current action to targets. Internals, while negative, are not extremely so, so bottom cash target should be good; will keep you posted.

Alright..here's a good example of what I'm trying to get across. This is not a day trading approach. It is definitely more for swing/position traders such as myself, but that's not to say that a day trader can't use the info for context. Last night I posted that my valuation told me we were...

I've been starting new threads each day, which may be the wrong thing to do. Possibly I should simply be building on the same post every time. I just checked the post prior to this to see the time stamp when I attached the forecast prices for Th the 29th and it has 5:38 a.m. 4/29. I know I...

Tomorrow's mid down price (cash S&P) is 1198.27 which would put the futures at approx 1195.25. Valuations definitely put is in an upper standard, so hitting that level before the opening bell seems an easy target. We'll see.

I just started doing this with ET in the past week+ and have enjoyed all the criticism. I'm not charging anything for the abuse. Attached is the pic of tomorrow's most probables. Again, I'll eliminate the irrelevant price levels prior to or at the open.

This was posted prior to today's open...it was the forecast.

Pic didn't attach...I'll try again.

If you'll take a look at today's attachment, I posted a note on the pic. These aren't pivot points. I'm taking a couple days down in Las Vegas...weather looks like it's going to be nice. Just got in and heading for supper, but I'll run the numbers for tomorrow and post a pic when I get back...

Thanks for the tip. It's a tough life loving what you do.

Since, when I first joined ET about a week ago, I was posting in the Journal thread of the Trading for a Living forum, I had already given my background and purpose for posting with ET. For those who have not read those threads, I'll give a quick explanation. I've been a professional trader...

I've been in this business over 30 years; just started posting with ET and was posting in the Journal forum. This is a business of decent approximations and from there it's all about good money management if you want to survive. In any event, I do run some numbers on FX. The attached chart is...

ET moved my thread to Trading, so I'm not sure whether or how long this post will remain in Journals or whether it will get auto transferred to the Trading forum. In any event I'm attaching the chart for today. I've only kept the first up level cash target of 1296.03. If we see some recovery...

A few comments on the attached chart: There are red arrows to the left of each of the 5 point adjustments that fell below the low target for today of 1204.89 cash S&P and the arrow pointing to the close which fell 20 points below the low target. I stated at the beginning of the day that the...