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Could someone produce, zone probability, statistical analysis, similar to JT Jacksons
Daily Ticket
this is how the data is represented, 8668 would be the pivot, 8723 is Res 1, 8764 is Res 2, so it would read to me that(above 8668), the market has opened, between 8668 and 8723, 59% of the time it trades higher than 8723, there is a lack of resistance here shown at 51%, the market trades above 8764, 29% of the time and out of the 29% of the time it trades above here the market closes above Res2 or 8764.
It also shows to me that the Pivot is broken 78% of the time, so it trades below 8668 , (78 times out of a 100), good support is seen 8572(Sup 2)-8627(Sup 1), it reaches this area 42% of the time, then the likely hood of the market breaking below, 8572 is 17%, the market does show a lack of support below 8572(Sup2)
On Summary, conclusion on this setup for this day, is to buy in the support area 8572-8627(Market reaches 42% of the time), to sell above 8723 so long as the market hasnt broke Res 1(this breaks 59% of the time), before reaching the support area, its a quick generalization.
I would use this like an overlay for the day.
@harry737: The pivot, support and resistance levels are just calculated from the prior day's high, low and close. Which other parameters do you use to determine the probabilities. Could you elaborate please?
If anyone would be interested, the MSSQL database that runs the app is in three programs, which includes a website, that handles the data. Its wrote in c#, it also needs some code wrote for CQG API, to connect the data, the app. runs 40+ different markets, with a 60 min timeframe and dailys. I was also looking to alert best setups, by SMS or sound.
If any interest please message me privately
"The zones match the definitions as exposed in the FT Journal issue 14 "High Probability Fibonacci Zone Analysis" from Fibonacci Trader - The First Multiple Time Frame Software for Traders. Available are daily, weekly and monthly Jackson Zones."
