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15 days since we've closed <= 1,0 % down. Open gap at 92,25 which should be a potential target below. Now finding resistance at YDAY Low. Let's see if that holds or not...

Thank you for your comment. Should be interesting to see. Now, for your last sentence - I agree, but this bull seems relentless and continues to surprise people. Also, there's a difference between a minor pullback and a 9 % (?) pullback.

Why bother - considering you said essentially the same things 100 + points lower? It would make it at least a bit more interesting if you said why you think the market is topping here. 9% down takes us to around 2640 on current ES levels. Being this close to all-time highs and no seeming...

My best guess is we swing up to at least 08. What happens there should determine if we make another push down for the gap fill below or if we go back up all the way to 2912.

You're the one who should re-read things slowly (not slowely) and start doing your own research instead of trusting articles you clearly don't understand. :)

I decided to run the numbers on @Rickshaw Man 's "Sunday night gap up open" on the last 10 years of data (2009 to present). I used the cash close on Friday at 16:00 and the open on Sunday at 18:00. It's a bit tricky with regards to actual hours and holidays, so I removed every day which did not...

I just proved it's not true using my own data and the numbers I supplied in that post.

Where is the article? Do you know specifically what they tested? "All" market gains since 1993 during after hours is obviously not true. If you're saying that a large part of the market gains happened after hours - then that's a different matter. Let's look at the last 6 years of data in the...

Correct me if I'm wrong, but I believe I heard Marty Schwartz said in one of his later interviews that he couldn't trade today's markets or at least not as profitably as he used to. He used to day trade S&P futures and very successfully. The market still moves from A to B - but perhaps the path...

Such a dull market. I even had to check my connection to see if I was still online. Normally, we should close below 2910 today, so might see a small dip, but not expecting much action by the close with this type of market.

Hi all, I plan on traveling more next year and wish to look into solutions for a trading set-up to accomodate that. Think renting an apartment for an extended stay in a new city, not trading from airport or anything like that, but still mobile enough to be able to travel with. Currently...

As a filter, try this: Buying the close and selling the Open after 1) A negative close 2) A close below the open You should get above 60% with this. There are also weekday biases which can be utilized. Better than simply selling the Open might be to utilize a profit target/order as there...

Certainly true. I don't have time to get into a lengthy debate about this and maybe I misread, but I read about a 14 year old and an X-Box and making more money than you can imagine from one set-up only and thought it sounded bit too good do be true. :) Leaving for the weekend. Not Dubai, but...

I only checked the % of times the market rose from the cash close to the open next day and that clocked in at 56 % of the time. Personally, I believed it to be more than 56 % before running the numbers, but also less than Rickshaw's 'all the time'. This was not a backtest of a particular...

That's what I did, I think? Are you equating a 56 % 'win rate' with a 6% edge? I don't think the calculation is that simple.

And that last part is the difficult thing, IMO. How do you differentiate between a reversal and a pullback? Is it a deep pullback or an actual reversal? Will that reversal point be tested with a bigger countermove? Have we changed direction from up to down? Or are we going sideways? That's the...

Really? So, with the high failure rate in day trading you think it's that easy? If so, I think you should hire a few kids and start a fund. :) Pattern recognition is a big part of it, but there's a whole lot more to it than that, IMO. Also, I'm not so sure I believe in 'remembering patterns'...

Well, I don't know your system in detail and I'm sure you need both filters to keep you out of non-directional movements and also adjustment of perhaps both MA values and tick chart settings as market conditions change. The latter being the biggest challenge for all trading systems/approaches...

Yes. And unless you're a millionaire already, don't trade 4 contracts while learning and doing 'the work'.

You use both the word strategy and set up in the same sentence here. Intentionally or interchangeably? Regardless, I respectfully disagree. Trading is not easy and I think your 14 year old son will find that it's harder to play successfully than an X-Box game. If not - he should ditch the...