Customer Support: 888.541.9170

Wall Street Warrior Header Image

Open Probabilities Calculator

The Wall Street Warrior Open Probabilities Calculator is a proprietary web-based data-mining application designed to show the probabilites of certain prices being reached based on the Open of the day. This algorithm goes through 10 years of data to determine the probabilities of certain prices being met. Once a price is met, it gives you the probability of the close occuring above / below that level.

Wall Street Warrior - Automated Trading Software

Are You Trading a High Probability Trading Method or System?

Videos     

Video tutorials demonstrating the Wall Street Warrior Back Tester web based reporting, and data mining feature designed for creating high probability trading systems.


Still Have

Questions?

Read what WD Gann
had to say about manual
trading in this Report:

Why Automate

Day Trading Patterns     

Trader Tools     

Trading Business Plan Template


RSI Calculator


ATR Calculator


Pivot Calculator


Open Probabilities Calculator

The Open Probabilities Calculator incorporates a few algorithms to determine the probability of the market reaching different levels based on the Open of the current day. This Proprietary Data-Mining Tool should not be used as an indicator, but as a reference as whether to have a bullish or bearish position on the market based on Open, where the market has been in the current trading session, and the current price.

5 Regions where the Open May Occur

  • Open Above the Previous High
  • Open in the Top of the Previous Day's Range
  • Open in the Middle of the Previous Day's Range
  • Open in the Lower Region of the Previous Day's Range
  • Open Below the Previous Day's Range
Open Ranges

The Regions listed above are the possibilities where the Open may occur on any stock. When you know the Open, you can view the Probabilities Calculator to determine what is likely to happen during the current trading session.

Once the Open is known, let's look to what lies ahead. Below, you will find the possibilities of where the Close may occur on any stock. The Open Probabilities Calculator contains much more detail, but will let you know where the best probabilities are for a close in a specific direction or above / below specific levels.

Regions where the Close May Occur

  • Close Above Previous High
  • Close Inside Previous Range
  • Close Below Previous Low

Putting the Pieces Toghether

This will be analysis of each of the 5 Regions where the Open could possibly occur.

Open above Previous High

- This will be referred to as a Break-Away Gap for day trading purposes. Because the Open will be outside of the previous day's trading range.

  • The Probability of a Low below the Previous High
  • The Probability of a Close below the Previous High
  • The Probability of a Low below the Previous Close
  • The Probability of a Close below the Previous Close
  • The Probability of a High above the Pivot Numbers
  • The Probability of a Close above the Pivot Numbers

Open in the Upper Range of the Previous Day

Open in the Middle of the Range of the Previous Day

Open in the Lower Range of the Previous Day

Open below the Low of the Previous Day

Questions with Answers

The the following questions can easily be answered with the Open Probabilities Calculator:

  • If a stock opens in the middle of the previous day's range, what is the probability that there will be an inside day today?
  • If a stock opens in the lower portion of the previous day's range, what's the probability that there will be a new low below yesterday's low today?
  • If a stock moves from the Open in either direction by a measured amount, what's the probability that it moves in the opposite direction from the open by the same amount or greater?

Wall Street Warrior - Because Price is the final arbiter - Automated Trading Software Trading Price Patterns
Does this approach
REALLY WORK?

Reports     

All reports include back tested results. Available Soon - Dynamic Reports that generate real-time data for analysis.


9:30 am ET

OPEN

What does it
really tell YOU?

Bull & Bear Traps

Bull & Bear Traps
A detailed analysis of Bull and Bear Traps and their effect on the SPY, DIA, and the QQQQ.

Proprietary Volatility Based Momentum Levels
What do they say
about the Stocks
YOU are trading?

Day Trading ETFs

Market vs. Sector Based ETFs
A detailed analysis of intraday trading activity.

Breakout vs. Pullbacks for ETF Trading
A detailed analysis of 10 ETFs with breakout vs. bullback entry methods.

Trailing Stop or Not
An intraday analysis of implementing a trailing stop when day trading ETFs.

ETF Gap Trading
Trading gaps on ETFs.

High Probability Patterns
A detailed analysis of 10 daily chart patterns on 10 ETFs.


Online Trading
Business Plan
Template

Start out Trading on the 'Right Foot'! Begin by using the Wall Street Warrior's online template to create a Trading Business Plan.

Day Trading Reports

Entry: Breakout or Pullback
What is the best entry method? A detailed analysis of 25 stocks over a 7 year period.

High Probability Patterns
A detailed analysis of 10 daily chart patterns on 25 stocks.

Gap Trading
A detailed analysis of trading gaps on 25 stocks.