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@Overnight @Laissez Faire @Rickshaw Man I ran a backtest on this strategy on the mini's 1 year, 5 years, and 10 years back and the results with or without a stop were almost at 58% across the board for each iteration. Since 2014, it's been very profitable. The NQ responded best. Having said...

Was hoping to see a breakdown here to trap all the shorts before going to new highs at days end and gapping up monday.

Now I know why he plays so much golf - to practice intentionally hitting balls upwind, just like he does in the markets.

Yeah, not for much longer though. The great taper is about to be tapered itself, starting in May I think. On the horizon is more easy money.

You tell me. From the numbers you gave, all things on balance, it would appear you have a 6% edge buying the close and selling the open. I'm assuming you ran the data based on an actual sale and a purchase... what was the final tally of net profit? From a gambling perspective, as long as risk...

Why don't you run the data on futures, buying the RTH close and selling the open, since it's the futures that are rising? Also, 56% is not 'pretty close to 50%'. If there is a guaranteed 6% edge, then there is a 100% chance of winning 6% which is altogether different.

We're trading different timeframes and different rationales. Halfway back on this rally is for me, somewhere around 2600.

Halfway back on this rally would be a gift so I could load up on everything I missed on the way up. But B1's swing stop is just so close, it's begging to be taken out. I'm primed for a trend day UP today or tomorrow and ATH's within a few weeks - we're so close!

There's a buyer between 4700-5k. If he keeps holding the bid, you're good. I'm long a couple crypto stocks (not the actual currencies) because momentum. I'll keep buying strength with a catastrophic stop until it fades and then I'm out. Who cares where the resistance is? The wind is at your...

ROFL you shorters are killing me here. I can just give you my email if you'd prefer to deposit your money directly into my account instead of using the market as a go-between. Any takers?

This thread is pure entertainment. 2 days in a row the market has closed on its highs and you guys are selling it. Wth? That makes about as much sense as a pretty girl giving you her number and you throw it away to chase after an uglier girl.

B1 going to play golf is my new indicator to get longer. Never fails.

Did you forget to do your affirmations this morning, buddy? Here, let me help. Repeat after me. I. Am. Not. A. Prophet. I. Am. Not. A. Prophet.

Shhhhh... dont say that too loud, you might wake up b1s1, he still thinks we're in a bear market ;)

By the end of this 'bear' market run-up, the OP is going to be Buy-none-Sell-none, as he won't have any money left! Wow, lookit those slow, grinding bear market rallies that look a lot like regular old bull market tactics!

I could probably out-trade 99% of the guys on here using only time and sales and common sense. Order flow works intraday better than anything else I know but it takes a lot of practice.

Good entry for a long here in this decidedly BULL market.

If you turn your chart upside down, maybe. The market is heading higher before it turns down again.

/thread

@mastacoli71 Where art thou? Thy catalysts have arrived.