Arbitrary prices

         Use the arbitrary price question to examine how the price range(s) in any period or periods relate to key market price levels.

Example:

         Any price in the first 3 periods is above yesterday’s high price.

Questions from Traders:

         Can I check an expanded initial balance for price tendencies? Does an expanded initial balance offer more accurate forecasts for daily price ranges?

Setting Up the Search:

Click on the parts of the box below where appears for explanations of features.

Answers:

         We found, from the search shown above, that the market prints above yesterday’s high print in today’s first hour and a half of trading almost 40% of the time (38.9% to be exact). You can use a refined search to see how this translates into where the market is going to close. Taking the initial search results, we do a refined search looking for how often the market closes above yesterday’s value area . Over 64% of the time, once the market has made a new high over the previous day, it will close above the prior day’s value area. By continually combining and refining searches as more information becomes available, you can use The Profile Analyzer to determine the high percentage trades that exist in the market at any point in time.