HERE is how to make money consistently trading the open

Discussion in 'Strategy Development' started by Quantfisher, Mar 28, 2017.

  1. Intraday price direction is strictly supply/demand. It will move roughly 70% of the avg daily range for the past 10 days in the first 30 minutes of trading. Quite simple. Agree that two trades per day creates plenty of opportunity to consistently make a profit.
     
    #101     Dec 10, 2017
  2. You forgot to add one complex variable. It’s called volatility. Not that simple, as it constantly grinds away at your win rate.
     
    #102     Dec 10, 2017
  3. MACD

    MACD

    This is typical ET. Quantfisher is attempting to be helpful. His premise and information is correct. Pesavento reference is absolutely statically and quickly verified. Just do some on your own to grasp what Quant is stating. It works. It tests out. Prove it by doing some work. Sorry Quantfisher for the ET bash away crowd. Most cannot recognize what is valuable and what is not.
     
    #103     Dec 10, 2017
    ironchef likes this.
  4. MACD

    MACD

    Only one problem: Good Posts. No PM availabilty? So how are you getting PM'd by so many?
     
    #104     Dec 10, 2017
  5. MACD

    MACD

    Learn to ignore Fordewind...
     
    #105     Dec 10, 2017
  6. MACD

    MACD

    Sorry but you have it partly right. This is so simple that it may be difficult to understand what Quant has stated. Suggest you obtain book he referenced. Larry Pesavento book: "Opening Price Principle"
     
    #106     Dec 10, 2017
  7. MrScalper

    MrScalper

    what have i partly right..and what is so simple?

    the OPP by LP is not the best way to trade the open..nor is his gartley pattern of any real value..or his antiquated fib card!!!

    remember why all these people "write" stuff..for the gullible public :)

    averages will do more for your bottom line than any other spin doctor's remedy..but..as with anything worthwhile..there is some time and dedication required..which..most are too lazy to commit to!!
     
    #107     Dec 13, 2017
  8. LOL HAHAHHAHAHAHA that is too funny.
     
    #108     Dec 22, 2017