HERE is how to make money consistently trading the open

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.
 
ToddGaack23 said:
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.
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You forgot to add one complex variable. It’s called volatility. Not that simple, as it constantly grinds away at your win rate.
 
Quantfisher said:
The jig is up ye sir, mate, but you can fake talk shop all you want. I strongly encourage anyone looking for an edge to read my posts and ignore the rest. Feel free to PM or email me too.

I HAVE NOTHING TO SELL. Just trying to save some aspiring traders time and a bit of mental capital.
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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.
 
Quantfisher said:
I've received numerous PM's and emails regarding this approach. Keep in mind a couple things:

1. Your profit target and stop loss levels (exits) are FIXED, but your entries are not.
2. You only need one account to trade with but a good visual is thinking in terms of a long only and short only account in which you are simultaneously long and short.
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Only one problem: Good Posts. No PM availabilty? So how are you getting PM'd by so many?
 
MrScalper said:
He will have a job explaining to you, as he does not know.

Has he not stated that he is just repeating what some idiots told him.

If he had any experience with trading, he would know that only the big accounts trade the open, and the small accounts, try to trade the open :)
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Learn to ignore Fordewind...
 
MrScalper said:
In relation to what he meant.

He is looking at the average move from O to H, and from O to L, and then setting the profit target at say 75% of these average ranges.

Stops at 10%.

The big problem here is your stop placement.

You can get stopped out on both trades, and still see the averages be put in!

Therefore, it really is not all about "where" you place your stop, but it is all about "when" you execute your trade.

Time = Money :)
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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"
 
MACD said:
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"
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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!!
 
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