IDMM -ETF Results November 3, 2020

Posted on November 4, 2020

The QQQ reached the ML1 Level shortly after 10 am. The QQQ then rallied to the ML2 level before a late-day sell-off and closed above the ML1 Level. Neither the SPY or DIA reached any level during Tuesday’s trading session.

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During a brief career as a trader, Todd Hudson discovered that the analysis techniques used my most traders were inherently flawed. Oftentimes, the analysis resulted in guesswork. This often led to more questions than answers. After studying numerous methodologies and technical indicators, Todd decided to create a more scientific approach. This scientific approach would be based on risk management and historical patterns. This would allow traders to place trades using historical analysis of these patterns to determine future probable outcomes. The initial goal was to get a sense of the daily direction for intra-day trading.