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HIGH PROBABILITY TRADING STRATEGIES FOR ANY MARKET AND ANY TIME FRAME

Each set of time projections has a specific reason and purpose. Each is a logical proportion of prior sections. We begin with the broad time retracement range and narrow the time range with the position of the ATP and cycle projections. If a relatively narrow time range is made from the three sets of projections, it is a high probability time target to complete a corrective low. Does this approach sound familiar? It is the same basic approach used with the Dynamic Price Strategy to identify in advance the probable price zone or zones for a corrective high or low. Figure 5.8 includes all three sets of time projections. I realize the chart is a bit crowded, showing all six projections together, but let’s see how we can make a logical choice for a probable time target for a Wave-C if the XAU is making an ABC correction. The last bar on the chart has made a new low on December 17 from the November 7 high. The XAU has already reached the December 11 to January 2, 38% to 62% time retracement zone. So far, so good. The three alternate time projections range from the 62% on December 18 to the 162% on December 31, with the 100% ATP on December 21. Because the 62% minimum ATP and 100% typical ATP are only three days apart, we should focus on the December 17–22 period, one bar plus or minus these two ATPs.

FIGURE 5.8 Time Target for a Wave-C Low

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(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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