Based on The Last 15 Wednesdays
Price Action Stats Between 6:30A PST to 7:30A PST (9:30A EST to 10:30A EST)
Note: flat price is ignored. Stocks/ETFs calculated in whole points, currencies min tick size.
DISCLAIMER: Futures trading involves substantial risk of loss and is not suitable for all investors. Past results are not necessarily indicative of future results.
Price action stats posts are the sole property of Pinnacle Quant, LLC and the information provided is for informational and educational purposes only. This information is not a solicitation or recommendation to buy or sell any security, futures, or foreign exchange contract. Pinnacle Quant, LLC strongly believes trading properly involves having a foundation, i.e. historical price action stats, that you can easily uncover with a tool such as Stats Harvester™ for NinjaTrader, then adding framing, e.g. supporting indicators such as VWAP, RSI, trend line etc. to your foundation, as discussed in this YouTube Stats Harvester™ tutorial that goes into great detail explaining how you can easily incorporate Stats Harvester™ in your daily trade selection process to give yourself a historical statistical edge with each trade you make. Remember, history tends to repeat itself. Learn which potential day trades to take, which ones are probably best to ignore (just this can make a huge difference to a day trader’s trading account), and which markets to trade; meaning which particular stocks, currencies, or futures to trade that is aligned with your daily profit goals.
Price action historical stats are monitored, recorded, and used by hedge funds around the world who spend millions of dollars on this data and data analysis each year. Isn’t it time you used it to help your trading too? Even small firms run by money managers and wealth advisors use data tools such as Bloomberg Terminal where they pay tens of thousands of dollars each year so they can garner some sort of statistical trading advantage for themselves. Why shouldn’t you put the past data in your favor too? Plus, we at Pinnacle Quant, LLC can help you do so at tiny fraction of the cost! If you’ve ever felt that the “Mr. Market” is somehow out to get you to lose your money, ask yourself, did you ever check the historical price action stats before you entered those trades? This is worth reiterating, history tends to repeat itself. Know your stats, and give yourself a historical statistical edge with each trade.
Some, who are clearly not quantitative traders, erroneously say that historical price action stats don’t matter, that each trade has a 50-50 chance of success. Though technically true, that is a silly argument to make in discrediting historical price action stats, because every event in the future that has a yes or no outcome, either a 1 or 0 answer, has a 50% chance of coming to fruition! We each have a 50% chance of waking up tomorrow morning; we may wake up, and we may not, but the probability of us waking up is based on our historical actions (how we’ve taken care of ourselves), our age, our genetics, and that historical data gives us a clear probability of the potential outcome. This is how life insurance companies place bets when they underwrite policies. If historical actions didn’t matter, why do lenders pull our credit reports before lending to us? It is because our past actions display a probable outcome in the future. Using historical price action stats, like Stats Harvester™, that monitors all markets, whether it’s stocks, futures, or currencies, and breaks down price movement by particular days as well as time frames to clearly identify best possible trades to take based in past price movement, gives every day trader and scalper a clear statistical edge based on past price movement.
If you are happy with your trading results, you are not completely consumed by the markets, because you are nervous about your trades, then you are doing great, and you do not need any help. There is no reason for you to try anything new; so more power to you. However, if you have been jumping from one non-past price action, non-statistical indicator to another, and have yet to realize any significant increase to your trading account, then take a strong look at Stats Harvester™. We believe once you start utilizing Stats Harvester™ in your trading process, you will never stop using it.
Pinnacle Quant, LLC is a Commodity Trading Advisor and a registered vendor with NinjaTrader®.
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