HERE is how to make money consistently trading the open

Mysteron said:
View attachment 172231

Had a quick look at the Larry Pesavento stuff and decided it was bollox. Its not like you, if you are who are who you sound like to quote such stuff. Obviously any time at which there is a burst of volatity can be traded, therefore its best to determine when those times will occur and be prepared. For example the DAX opens at 7am UK time but there is a burst of activity at 8am when the UK markets open. Shown here is the mean range every 15 minutes from 7:30am to 11am. I don't really care what the ADR is for the DAX, more important is knowing the typical range during the trading period and that momentum is more easily observed during that time. Intraday chart is a must as trading what price is actually doing is the only way.
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I tend to agree with you.

I think the OP hasn't a clue what he is talking about.

He is listening to too many idiots :)
 
Bob111 said:
I hate this fucked up site after Barrons update. I cant post shit from my tablet.....anyway..I'm no expert in trading...but.. in my limited experience ;) buying stock at open is a hardest fucking possible thing You can Iimagine. Specially under current market structure on retail account.l try to make it short..you won't get any fills on winners. And losers will be all yours. Yeah..you may theorizes all day long and show your stats, calcs or whatever..but until you show or share your actual returns /experience its all worthless talk. remember this proverb..everyone is a genius in a bull market... Stories..theories..statistically speaking..
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Hi Bob111,

I shared/proved my trading records years ago on TradeStation where I developed the automated version of this strategy. This is not a theory. Not to mention, I proved it 4 ways: mathematically, physically, geometrically and logically. You can not refute it. The bottom line is, if a stock ranges a minimum of $1.00 then it has to cut through the Buy Zone either through the top, the bottom or both. There is no way around it.

But I am not trying to force anyone to believe me or trade like it do. The choice is yours: Take it or leave it. Either way, MAY ALL YOUR FILLS BE COMPLETE.
 
TheRumpledOne said:
Hi Bob111,

I shared/proved my trading records years ago on TradeStation where I developed the automated version of this strategy. This is not a theory. Not to mention, I proved it 4 ways: mathematically, physically, geometrically and logically. You can not refute it. The bottom line is, if a stock ranges a minimum of $1.00 then it has to cut through the Buy Zone either through the top, the bottom or both. There is no way around it.

But I am not trying to force anyone to believe me or trade like it do. The choice is yours: Take it or leave it. Either way, MAY ALL YOUR FILLS BE COMPLETE.
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Yes, of course it does, but you left out the most important bit :)
 
@Quantfisher, is this what you are refering to?What`s the formula,generally?

Is it MIN (High – Open, Open – Low) for the Lower band;
And MAX(High – Open, Open –Low) for the Upper band?
5-75 ADR.png
 
Bob111 said:
I hate this fucked up site after Barrons update. I cant post shit from my tablet.....anyway..I'm no expert in trading...but.. in my limited experience ;) buying stock at open is a hardest fucking possible thing You can Iimagine. Specially under current market structure on retail account.l try to make it short..you won't get any fills on winners. And losers will be all yours. Yeah..you may theorizes all day long and show your stats, calcs or whatever..but until you show or share your actual returns /experience its all worthless talk. remember this proverb..everyone is a genius in a bull market... Stories..theories..statistically speaking..
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Exactly Bob, without actual stats it is all mumbo jumbo talk, just like most of what is said about trading.
 
fordewind said:
@Quantfisher, is this what you are refering to?What`s the formula,generally?

Is it MIN (High – Open, Open – Low) for the Lower band;
And MAX(High – Open, Open –Low) for the Upper band?View attachment 172314
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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 :)
 
algofy said:
Anybody else think quantfisher is surf?
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Actually, he thinks I am Mr surf :)

He was banned a few weeks ago, as he made a not so nice post about Mr surf, and he also mentioned myself in it. I have a screenshot of it, as the mods deleted it :)
 
If you`d ever want to trade the Open,you`d want to Sell below the Open and Buy above the Open,and NOT counter-clockwise as the Op suggests,statistically speaking...
 
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