Standard deviations & Odds

[rayk 10]

Hi Guys

 

I am trying to track down some number (odds) on what changes prices have of moving to certain given deviations.

 

I have seen something about it before and basically it is something like this: There is a 1 in 20 chance of getting a price beyond the Value area (1st standard deviation of price) a 1 in 300 change of a price being beyond the 2nd etc.

 

I interested in locating the post of the article where I saw this if anyone has any thought please let me know.

 

I know that Dann G in one of the CBOT sessions quoted some numbers once about the likelihood of getting a price at one deviation given that price had already travelled to a previous deviation.

 

Any pointers would be helpful.

[ant 10]

Hi rayk,

 

If I recall correctly, I believe that may have been mentioned in Alex Benjamin's presentation, Market Profile 101, at the CBOT site.

[Soultrader 12]

Yea.... I also recall hearing that in Alex's presentation. Check this thread out for the links:

 

http://www.traderslaboratory.com/forums/f6/market-profile-education-resources-376.html