daytrading price targets

easymon1 said:
By what time of day do you have this conclusion drawn?
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I don't suppose I usually have any definite conclusions drawn about any one thing. I just take many blurry and some clear clues and they add up to something more clear. I often have a reasonably good idea the prior day of what the close will be, and I refine it or reinforce it throughout the current day. I will often have a really good idea about the close by about 12-1pm eastern.
 
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JohnBartle said:
I don't suppose I usually have any definite conclusions drawn about any one thing. I just take many blurry and some clear clues and they add up to something more clear. I often have a reasonably good idea the prior day of what the close will be, and I refine it or reinforce it throughout the current day. I will often have a really good idea about the close by about 12-1pm eastern.
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Want to give us a demo next week? You could call the close about noon eastern and we could all take advantage of your generosity.
 
deaddog said:
Want to give us a demo next week? You could call the close about noon eastern and we could all take advantage of your generosity.
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The only "definites" that I assume are within seconds of an actual trade, and that's only because a real-world decision must be made. Automation is out of the question currently. The potential current days close is just one clue I use alongside MANY others to predict the rest of the chart. They all work together accumulatively as confluence.

Besides, I myself was asking the other dude for tips on predicting the close of the day.
 
JohnBartle said:
I'm pretty darn good at predicting where price will end up before close of the day for SPY, DJI, AAPL. That is a significant piece that helps me predict what the rest of the day will probably be. But I really would love to be more sure. Any tips?
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Percentages from close and previous Friday, last half hour if market heavily down, shorts will be looking to get out, on Fridays - those who swing will be looking to get out. Options - last 20 minutes, traders looking to hedge. I fade every trend, get in before confirmations and exiting/reversing at confirmations. Much of my work has been discovery of what not given in books and yet much of entries is based on retail or I should say get in before and feed them their enties. I have spent huge time in wave lengths of every commodity. Don't want to enter late. Have spent huge time when not to take trades so studying ends of trend all me to hedge open profits.

@SunTrader, I been labeled by those I respect, Have won real money trading contests in 90's, I could have gone much more public in life, but having Asperger's/Autistic, I don't care for social interaction, am more of a loner. Perhaps lack of emotions for most part has allowed me to think I'm different ways, also worked for our government breaking codes, so they said I was expert level for discovering what was missing. Am also good in Math. Trading for me is not to be admired but make ton of money to later donate to favorite charities. Can't take it with us when we die.

And I do wish you much profits.
 
To the OP, I only trade intraday and set targets based on the type of day. My decision-making is based on the first 15min of PA until proven wrong.

Range/Trending range day: I focus on 1:1 trades in the first third of the day. OHLC & pivot tests for range targets later in the day. Tests of the prior range/range extreme for trending range targets. Keep track of the open if you're still in the market the last hour of the day on a range day...if price isn't far it's likely to be tested.

Trend day: Scalp part and swing the rest. Swing target(s) based on PA measured moves or 2-3x risk.
 
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It automatically provides Entries and Profit Zones
 
for example, a good trader told me 4k ES was the target today so I shorted the open with 1 emini contract

No idea how he knew we'd go down or why that was the target. Why not bounce/go up at the open and take out overnight highs as a 'target' for example?

upload_2022-5-18_15-46-23.png
 
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