Analysis of Emini S&P, Euro Future, DAX Future for Monday 2nd April 2007

[cpanalyst]

Daily prognosis for Emini S&P, Euro Future, DAX Future

[U]Emini S&P[/U]

Frequency: 157
Plausibility: 60.5%
Expected scenario: Market will probably trend lower but no new low is expected.
Trading Advice: Don’t place a new order:
I you are still long: Move your stop loss to 1418.25
If you are still short: Move your stop loss to 1439.75. Move your profit target to 1418.25


[U]DAX Future[/U]

Frequency: 18
Plausibility: 66.7%
Expected scenario: Market will probably trend higher but no new high is expected.
Trading Advice: Don’t place a new order:
I you are still long: Move your stop loss to 6937. Move your profit target to 7019.5
If you are still short: Move your stop loss to 7019.5


[U]Euro Future[/U]

Frequency: 7
Plausibility: 57.1%
Expected scenario: Long break out expected. market will probably reach new high
Trading Advice: Place a BUY MARKET order. Profit target at 22.8423. Place stop loss at 1.3328.
I you are still long: Move your stop loss to 1.3328. Move your profit target to 1.3442 as a conservative setup. As a more speculative setup place your profit target at 22.8423
If you are still short: Exit your position market as conservative setup. As a more speculative setup, hold your position and place stop loss at 1.3442

 

[cpanalyst]

Chart Pattern Analyst supports daily and intraday pattern analysis.
Free Beta download at www.chartpatternanalyst.com. We appreciate your feedback.

 

[klw]

[U]Emini S&P[/U]

Frequency: 157
Plausibility: 60.5%
Expected scenario: Market will probably trend lower but no new low is expected.
Trading Advice: Don’t place a new order:
I you are still long: Move your stop loss to 1418.25
If you are still short: Move your stop loss to 1439.75. Move your profit target to 1418.25


[U]DAX Future[/U]

Frequency: 18
Plausibility: 66.7%
Expected scenario: Market will probably trend higher but no new high is expected.
Trading Advice: Don’t place a new order:
I you are still long: Move your stop loss to 6937. Move your profit target to 7019.5
If you are still short: Move your stop loss to 7019.5


[U]Euro Future[/U]

Frequency: 7
Plausibility: 57.1%
Expected scenario: Long break out expected. market will probably reach new high
Trading Advice: Place a BUY MARKET order. Profit target at 22.8423. Place stop loss at 1.3328.
I you are still long: Move your stop loss to 1.3328. Move your profit target to 1.3442 as a conservative setup. As a more speculative setup place your profit target at 22.8423
If you are still short: Exit your position market as conservative setup. As a more speculative setup, hold your position and place stop loss at 1.3442

OK I'll ask --- what do frequency and plausibility mean exactly ?

 

[salvatorrosa]

Frequency means, how often the specific pattern was found in the historical data. Plausibility means the rate of winning trades this pattern would have produced, if you entered the market at the open of the next bar, with an exit on close of the next bar.

Holger
www.chartpatternanalyst.com