IWM Robot Trading for May 23, 2011

[happy]

Paul,

The "most probable" 3-day target is simply Today's optimal entry minus (the 3-day expected gain times the probabiliy of achieving this gain) 82.74- 82.74*(3.10% * 61.67%). Billy

Billy ... just to confirm the math, in your scenario above, the 'most probable' exit would have been $81.158 giving a 1.91% gain.

$82.72 * (0.031 * 0.6167) = $1.581
$82.72 - $1.581 = $81.1582

Can you please confirm that I am doing the math correctly?

[Billy]

Billy ... just to confirm the math, in your scenario above, the 'most probable' exit would have been $81.158 giving a 1.91% gain.

$82.72 * (0.031 * 0.6167) = $1.581
$82.72 - $1.581 = $81.1582

Can you please confirm that I am doing the math correctly?

Yes Sir, the math is correct.
Billy