Tutorial

The Price Projector has built-in data for 9,000 Stocks, 1500 ETFs, all the main Future contracts, 28 Forex pair and over 20,000 Mutual Funds for Daily and Weekly signals.

There are data buttons for the following time frames:  15 minutes, 60 minutes, 120 minutes, 24o minutes, 480 minutes, Daily, and Weekly.

There is data for intraday time frames  for the following:  Dow 30, S&P 500 and the Nasdaq 100.

Once you select the three points :

The Money Management and Risk Management are on the Help Page on the program Platform.

FINDING ENTRIES, STOPS AND TARGETS FOR LONG TRADES:

  1. Pivot Price #1:Enter a price that is a pivot low.
  2. Pivot Price #2:Enter a price that is a pivot high, above the first pivot low.
  3. Pivot Price #3:Enter a price that is a pivot low, below the pivot high. This price should not be lower than the first pivot low.
  4. Click the button “Show Price Targets”.
  5. Your directions to enter a trade is on the top page and on the chart in the data box.
  6. You can also put your cursor over any bar to get the entry and stop for a Breakout Trade.

diagram-one

 FINDING TARGETS FOR SHORT TRADES:

  1. Pivot Price #1:Enter a price that is a pivot high.
  2. Pivot Price #2:Enter a price that is a pivot low, below the first pivot high.
  3. Pivot Price #3:Enter a price that is a pivot high, above the pivot low. This price should not be higher than the first pivot high.
  4. Click the button “Show Price Targets”.
  5. Your directions to enter a trade is on the top page and on the chart in the data box.
  6. You can also put your cursor over any bar to get the entry and stop for a Breakout Trade.

diagram-three

 

 Retracements

2016-11-13_1651

0% ……Possible Reversal

30% Retracement

  • In the image above B retirement to C is a 30% retracement.
  • The 30 % retracement is the dominant retracement  you will see in a strong trend.
  • If the retracement is no more than 30%, you can expect the price to extend past the previous high if the trend is up. It would be the opposite, or the low, if the trend is down.

50% Retracement

  • In the image above B retirement to E is a 50% retracement.
  • Main Balance Point.
  • If the retracement from the previous leg penetrates, but does not close past the 50% retracement line, then the price should test or extend the pivot from where the price came from.
  • In a vigorous bull or bear trend, it is common for prices to retrace up to 50% and still maintain the trend.
  • As long as the price does not close past the 50% retracement, the trend should continue.
  • At the minimum it should test the point where it came from.
  • Price should test high and make higher highs and may make a possible double top.

70% Retracement

  • In the image above B retirement to F is a 70% retracement.
  • When the price reaches the 70% retracement of the previous leg, it has a high probability of not testing the previous pivot.
  • If it tests the pivot, it has started a Trading Range or it has started a Reversal.
  • Either start of Reversal or consolidation.
  • Consolidation usually starts: Triangles, Pennants, Rectangles, and other patterns.

100% …Possible Reversal

When you are measuring retracements and the retracement exceeds your previous pivot , you then go to the higher pivot on a buy and a lower pivot on a short.

Volume

Increased Volume
  • An increase in volume on any bar on a breakout, is an indication that there more movement in the same direction with price.

Decreased Volume

•When the security is pulling back to a retracement level, the volume should begin to drop off, if it is going to have a reversal.
•This will give you an indication of a reversal at any retracement target. This implies that the selling pressure has subsided and the primary trend is ready to resume.
•Stocks that are able to hold their 50% retracement level are more bullish as the security did not retrace past the balanced area, or 50% of the move.
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