Peter Eliades SMC Update Week Ending 10-9-20 Recorded 10-11-20

10/11/2020


Comments (14)
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danizh53
danizh53

Hi Peter, would it be possible to add the projection summaries under the video? I'm a passive investor, don't use the software, and just want general direction. It doesn't make sense for me to watch 15+ minute videos daily just for the synopsis. Thank you!

dr191103
dr191103

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

spencerdavis2000
spencerdavis2000

thanks Peter for the analysis. Next week is the week for sure

marttandpatel731
marttandpatel731

Excellent summary, thank you very much. I like your work but do not have the software. I am hope to try it soon. Do you know when you will have it without having trade station but on your website?

Hsiang76
Hsiang76

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

Yes I saw this too. The ATR function wasn’t set to zero.

bryansmith1751
bryansmith1751

Hsiang76 said:

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

Yes I saw this too. The ATR function wasn’t set to zero.

What is ATR% and how does it work?

adwhartonmd232
adwhartonmd232

So peter you say we have both confirmed upside( > 4100 )and downside ( < 3200 ) projections for S&P. If this is correct which is most likely

Hsiang76
Hsiang76

I wonder if the Historical statistics of the 90% likelihood For SP500 to hit ~3180 Points still is in place or invalidated...

Peter Eliades
Peter Eliades

danizh53 said:

Hi Peter, would it be possible to add the projection summaries under the video? I'm a passive investor, don't use the software, and just want general direction. It doesn't make sense for me to watch 15+ minute videos daily just for the synopsis. Thank you!

Danizh53, that is a reasonable request, but, in all honesty, the time constraints that I face to view the charts, record a video, edit the video, render the video for presentation...would make a further presentation of a synopsis very time consuming...I hope you understand...

Peter Eliades
Peter Eliades

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

Thanks so much, dr191103, for picking up on that. There is a time pressure element after the market close to view the charts and come up with comments of significance, and oftentimes adjustments I make during the day are forgotten by the time I review the charts again. But your comment is very significant because it should serve as a reminder to those that have the software to be vigilant in terms of returning any possible adjustments back to neutral after any changes in parameters are researched. Again, thanks for picking up on that!

Peter Eliades
Peter Eliades

marttandpatel731 said:

Excellent summary, thank you very much. I like your work but do not have the software. I am hope to try it soon. Do you know when you will have it without having trade station but on your website?

We do not have a definite date Marttand, but we are aiming for the end of the year/beginning of next year...Thank you for your interest...

Peter Eliades
Peter Eliades

adwhartonmd232 said:

So peter you say we have both confirmed upside( > 4100 )and downside ( < 3200 ) projections for S&P. If this is correct which is most likely

Logical question... Usually the most likely projection is the most recent one... and as I noted in today's update, we are perhaps just a day away from invalidating downside projections.

Peter Eliades
Peter Eliades

bryansmith1751 said:

Hsiang76 said:

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

dr191103 said:

Peter you forgot to change your %ATR adjustment back to 0. You had it set to 170% and that’s why you got 100% statistical upside values

Yes I saw this too. The ATR function wasn’t set to zero.

What is ATR% and how does it work?

The ATR%, Bryan, is one of the most useful statistics functions. It allows us to query the software as to how a change in the projection based on a percentage of ATR (Average True Range), might affect the percentage of successful projections. ATR is a function available in TradeStation. Our default parameter is 20, but you are allowed to enter any default number.

spencerdavis2000
spencerdavis2000

danizh53 said:

Hi Peter, would it be possible to add the projection summaries under the video? I'm a passive investor, don't use the software, and just want general direction. It doesn't make sense for me to watch 15+ minute videos daily just for the synopsis. Thank you!

Peter has the highest quality analysis. The more time you spend with this the more you will learn how to interpret this. It is a process and it takes time to learn from the mentor which is Peter for all of us.
Peter explains why and probability of where. He teaches us how to think. Trading is a thinking game.

You can't just get a forecast then go with that because when things don't work out then questions will be asked as to why?

This is what all of the explanation in the long videos teaches us HOW to deal with.

In short there is no quick path. Trading is a thinking game and his analysis teaches us how to think and how the markets work. Plus it is a very unique point of view that you won't find anywhere else.

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