Author Archives: Price Action Lab

High Probability Position and Day Trades for Thursday, May 23, 2013

This alert is about high probability position and day stock trades from the Dow-30 and S&P 100 indices. Position trades exit for a 2% profit target or stop-loss, whichever comes first. Day trades exit at the close of the same … Continue reading

Posted in Price Action Lab Alerts | Tagged | Leave a comment

ETF Directional Probabilities Point to a Market Correction

The directional probabilities of 12 popular ETFs were calculated using the p-indicator function of Price Action Lab. Four major ETFs, SPY, QQQ, DIA and IWM, show high significance for short positions with 2% target .

Posted in ETF Analysis, Price Action Lab Alerts, Price Action Lab Patterns | Tagged , | Leave a comment

High Probability Day Trades for Friday, May 10, 2013

The high probability day trade two days ago was for IAU and made $0.07 per share but one could trade instead GLD for +0.68 per share since their moves match. This alert is about 7 new raw signals in 6 popular ETFs for entry … Continue reading

Posted in Price Action Lab Alerts | Tagged , | Comments Off

High Probability Day Trade For Wednesday, May 8, 2013

This alert is about one long signal in a popular ETF for entry at the open and exit at the close. Portfolio backtests indicated that the pattern that generated the signal has a persistent edge and that implies a low, but still finite, probability that it is … Continue reading

Posted in Price Action Lab Patterns | Tagged | Comments Off

Features of Price Action Lab v4.0

This post discusses the core features and capabilities of Price Action Lab (PAL). There are many ways of using this software and here only a partial list of the main features and capabilities of the software is presented. Links to some useful articles about trading are … Continue reading

Posted in Price Action Lab Patterns, Trading System Design, Trading System Synthesis | Tagged | Comments Off

High Probability Day Trade For Thursday, April 25, 2013

This high probability signal is about a short position in a Dow-30 stock for entry at the open and exit at the close of today. Portfolio backtests indicated that the pattern that generated the signal has a persistent edge and that decreases the probability that it … Continue reading

Posted in Price Action Lab Alerts, Price Action Lab Patterns | Tagged | Comments Off

High Probability Trade For Tuesday, April 16, 2013

The last alert on April 9 was about two high probability trades, one in XLU for next close exit, and another in MMM for 2% profit target and stop-loss. These two trades generated +$2.30 in combined profit ($0.18 for XLU plus $2.12 for MMM). The MMM trade was … Continue reading

Posted in Price Action Lab Alerts | Tagged | Comments Off

High Probability Trades For Tuesday, April 9, 2013

The last alert on April 4 was about two high probability day trades in GLD and TLT and it generated +$1.44 in combined profit ($0.64 for GLD and $0.80 for TLT). This alert is about one short signal in a popular ETF for entry at the open and exit … Continue reading

Posted in Price Action Lab Patterns | Tagged | Comments Off

High Probability ETF Day Trades For Thursday, April 4, 2013

The last alert about high probability setups was for two short signals in DBC and GLD that generated +$0.17 in combined profit, much below average. This alert is about two long signals for two ETFs for entry at the open and exit at the close. … Continue reading

Posted in Price Action Lab Alerts | Tagged | Comments Off

High Probability Short ETF Signals

These short signals are for two popular ETF for entry at the open and exit at the close of today. A backtest on a portfolio of 12 liquid ETFs since inception and on all Dow-30 stocks since 01/2000 showed that the patterns that generated the signals have a … Continue reading

Posted in Price Action Lab Alerts | Tagged | Comments Off