Hi -
I was blaise when Tom outlined the rules for extending targets. Since then I have caught myself selling at targets and losing out on some large over-runs.
Can you repeat them?
Thanks.
Ralph Lisle
I have attached the actual slide. If you get the +4 with high (14-15) RF # then you can raise the target by 10%-15%. Let me know if you need more on this.
Steve
Thanks for the information. Given current market conditions a few of my trades are beyond their price targets (still showing great strength) and this info is very timely.
One question though. Does it matter which four rooms? I assume they should be clustered around your trigger room.
John
Once you have itdentified your trigger or trade room, you will then look in Higher room sizes for strength. So if the trade is in the DD room you would want to look for strength in the rooms above it, ex: SA, SB, SC, SD, PA.
Matt
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I have attached the actual slide. If you get the +4 with high (14-15) RF # then you can raise the target by 10%-15%. Let me know if you need more on this.
Steve, I missed this idea. Where is the location of the original post that Tom made? Can you give a little more information on this method and include an example. Thanks. JD
Hi Wave3,
What Steve was referring to was that if you get the +4 with a high (14 - 15) RF # then you can raise the target by 10%-15% as I have illustrated on the chart below. Basically, take the difference between the Trigger and Target and then take 10 - 15% of that for a new extended target. The program does not put the extended targets on the chart for you, but you can always put them on a chart yourself. The Profile shown below goes through this process: Trade Room is DD, and the subsequent higher rooms have a RF of +14 or +15 and that the M strength bar is at 2.5 or higher in those higher rooms. From this analysis we can raise the Target by 10 - 15%.
Tom originally made the remarks at our User Seminar last year in Las Vegas.
Let me know if you need anything else.