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Plus 175 points explained

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Download my free Trading e-book

The First Trading Manual is an e-book I wrote for both beginners and people with some trading experience.

I wrote it after a student of mine showed me the notes he had received at a weekend course on trading. It had cost him £3,000. I decided to create an e-book with superior content to the course, and give it away for free. The 180-page manual will take you through a host of topics. After reading this manual you will be in a better position than my friend, who took the £3,000 course.


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Statistics for the High and Low of the day in Dow

Day Trading


I am doing a talk on Saturday in London (1st June 2019) on how I trade stock indices. Here are some of the items I will discuss.

All 5min bars:

1st bar of the day has a 20% chance of being the HIGH or the LOW of the day

But, if we see a BIG BULL BAR after a GAP down, or a BIG BAR AFTER A GAP UP, then the odds are now 30% that we just saw the high or the low of the day.


By about 30 minutes in, or by bar 8, there is now a 50% chance that the high or the low of the day is formed.

By the close of the 13th bar, around 1 hour into the trading session, the odds are now 70% that we have seen the high or the low of the day.

By bar 18, there is now a 90% chance we have seen the H or L for the day.


By bar 78, there is a 99.99% chance you have seen the high or the low of the day. ☺