At this point I'm reading and assessing Al Brooks (and about 6 other Trading books) and hoping he's got an I.Q. greater than mine and @Laissez Faire s combined and really is a Genius.
Whichever user's alt this is, you should know that you are just absolutely fucking irritating and annoying with the BS spam at this point. You think you are being funny and you are being that, but, totally NOT! Everyone needs to report you to get you the hell out of here. BOTH of your accounts if you are an alt, because you are violating the TOS by having two, or being a previously-banned nick. Merry Christmas.
Seconded. I'll admit that I chuckled at the first post or two, but it quickly got old. Additionally, @Baron should consider letting us all know who this sick individual is with way too much time on their hands.
I should probably setup a competing traders journal from my mentor Mel Brooks. If you would like to take bets amongst yourselves that would be nice. Trader 1: Someone using TST following a guy that they've lost money for 20 years following, all the while, they continue to have light bulb moments of how right this spooky trading guru is. Trader 2: Someone trading micro eminis (not paying anyone but the market/broker for the opportunity) and scaling up in a methodical manner.
enter on the bar close solidifies the position in time. A candles ability to change shape dramatically even in the last few seconds of trading makes backtesting unreliable. If you base your setups off of information that will be available to you when live...it helps bridge the gap between fantasy land and reality. fast market: place order after close<->open occurs slow market: be ready to enter after close<->open occurs...i will often use a price engulfment (in a slow market with smaller bars) to confirm direction ...because you never know with complete certainty which direction it will go...worth paying a few cents IMO.