"- Follow the move X seconds after open..." I still don't know. Why don't you ask him what the X variable is? lol
good insight you got. safe enough to figure it is not the duration for which your valuable input addresses. so what if it is under 2 minutes beyond open? how does it look now - mnq: mae mfe, min max avg? go
Every day is different. No system can consistently play the open on the NQ/MNQ with some sort of "set time" for a trade to work within "X" time after the open. All rules are out the window on that, and have been for a couple years now.
pragmatic-trader said: I have a few ideas: - Enter premarket based on a thesis and hold into the open - Use a stop limit order to enter the trade if the price spikes in the direction you expect off the open - Follow the move X seconds after open How to properly trade the opening drive? " I have a few ideas: - Enter premarket based on a thesis and hold into the open - Use a stop limit order to enter the trade if the price spikes in the direction you expect off the open - Follow the move X seconds after open " - - - - - - - - - - - - - - - - - Well? How'd you Do? Here's a relatively cheap way to get a read on what can happen, and we all would like to see that. So why not trade one mnq contract using your setup? You could first 'Ballpark' what you expect by looking over some Very Fast Charts or Numbers that represented what HappenED over a period of time, say, 10 or so opens. From this quick and dirty look under the hood, you could guestimate a range of numbers to give you an idea of what this expeirment could cost to try out. Slippage and fills would seem to be important for this method, no? It would be interesting to see if timed exits and or targeted exits can take advantage of the opening chaos to provide fills in the favor of the method. Go For It! but you might want to stand behind a large oak tree trunk when you pull the string to fire off the trade, just in case the breech don't hold. the mnq is a high volume, low priced product made for this test.