Quote from marketsurfer:
Looks like the oldtimer has figured out how to beat the market at its own game.
Bravo! First real working method in a long time on elite. No doji or mr Hershey magic powers required.
Surf 
Most people can accept your comment as one that does not recognize what is missing in this system.
I see the intial entery as happening judiciously by using a big money always published signal before the RTH open.
The second trade, takes another point by entering with the sentiment of the dominant at that time.
From abouT 11:00am this approach potentially gives back less than it made between 9:30 and 11:00 am. But since there is no stop (probably because stoops do not function for any account above certain level of capital) there is no loss on the books as yet.
Within 30 minutes of the pm BO, the approach begins to make money already having recoved the midday unrealized losses because of the hold through.
Another series of trades about the same number as the am.) occurs until going flat at the end of day (implied margin change bar).
Net profits are swept daily.
I added some assumd factors.
1. Trades begin with the market as dictated by big money pre open announced bias.
2. money is kept active by using market sentiment to enter a subsequent trade. Why waste the commodity power of money.
4. Midday lessening of market volatility silences a HOLD's hitting a target for about 1/3 of the day.
5. regarding a sentiment change between entries is undefined. I would assume an advanced beginner would be aware of how little shadow analysis works on bars; he would act accordingly in CW. Or if a beginning trader were using the RDBMS cases of bars, he would not enter during a wait period and would only enter during tanslaion cases if and when. This is where any person using the approach would have some method for coming off the sidelines. I avoided any "set up" of CW since this is a losing condition as shown by edge based trading studies. See connors approach for example.
6. for intermediate and experts, probably targets would be set otherwise or combos would be used (Bollinger BO plus any other RDBMS trigger, for example)
I commented because I was baited....
