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He calculated the average distance the price moves from the open before finding resistance, helping traders set realistic profit targets and stop losses .
AI responses may include mistakes. For financial advice, consult a professional. Learn more Toby Crabel - Day Trading with Short Term Price...
While the book is out of print and original copies are quite expensive, its principles on and mean reversion continue to influence modern algorithmic trading strategies. He calculated the average distance the price moves
His methods were designed to be purely mechanical, removing emotional bias by providing clear, math-based signals for when to enter a position. removing emotional bias by providing clear
