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More about the Hooper model here: The Hooper Weekly Equity Model bridges the gap between very short-term market letters and long-term market models. The Hooper Weekly Equity model focuses on the swing-trading time-frame several days to several weeks, which is a more difficult time-frame to master.
The Hooper Weekly Model works identical to the Daily, except that model recalculations are only made on Friday end-of-week rather than end-of-day. These levels point out the path the least resistance and are the prime-entry areas with defined risk. The first objective is labeled F. The secondary objective is termed R. The pattern remains in force until the R. We had done a study on the SPY a while back looking at prior year. This is very interesting. What time is the DAX model updated each day because the figures are the same as before the week-end.
Any pointers to further understand the Hooper Quant model would be useful. Here is the FAQ Good place for a primer. Hi there, I trade DAX on an intraday basis. Is this an applicable use of a subscription do you think? Hi JS, You get the idea pretty much. The Hooper model tilts in a particular direction until proven wrong. We post the cash DAX as a freebie to show how the model works.
The further out one waits for confirmation to enter a position, the more risk there is in the initial position. First Objective is F. Recalculate Objective is R. One could exit or wait for for the pattern for entry. Actually that is the 2nd buy pattern completion on the Cash DAX after flipping bullish The daily Hooper Model only looks forward a certain amount of distance.
Then when a pattern completes a new pattern is generated. The date of the Hooper pattern is in the lower right hand corner of the green box. The pattern stays in place until the upside or downside final target R. It stands for Recalculate Objective.
The Hooper model is only recalculated when the final upside or or downside target is reached after the close. I do not trade other instruments so please tell me how to get only this tool for the indicated period of time. Until you get used to them, think of the Buy level as a bullish Point of Control POC where its safer to buy dips then sell rallies. The Buy and Sell POC levels identify the path of least resistance and its always advisable to take partial profits at the first price objective F.
New Patterns are posted only after the Bullish or Bearish price objective is completed R. Your email address will not be published. Notify me of new posts by email.
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