Recent content by ronfalcone

Did another back test for 2019. The profits were quite large for the first 3 months then almost all profit given back in subsequent months. Overall, my impression is that the system is more of a turkey shoot with random streaks of positive trades followed by random streaks of distributive...

Hi all. Interesting article and the appeal of a "set it and forget it" mechanical system is always tempting for traders, but of course, one has to be very skeptical when establishing a system based on one year's worth of data. For example, how does 135 minutes as an opening range perform over 10...

Tim, I'm not quite understanding something. If 90% of trading day extremes in the test year occurred within the 135 minute time frame, then how can that same time frame also be, as a percentage of the total day's range, only 62%?

I agree with Tim. The course was horribly written. Seriously, as though an 8th grader watching video games was the editor. The concepts he uses, for example Pesavento patterns, are so inadequately explained they really make no sense. It's like, "do as I say, nevermind the explanation behind the...

Now that is interesting tradingdde. Maybe the "hammer" would work; It is utterly remarkable how emotions tend to control the trade, despite having traded for years and despite all the intellectual knowledge.

Opening range filters It is sensible I guess, if it works for you. As for pre-determined percentages of opening range as an entry point, I haven't personally found anything that works well for me, but that's me. I know that Fisher (Logical Trader) likes the 20% of 30 average true range and...

Could you explain "daily compression"? Do you mean Crabel's price bar setups for range breakout trades (inside bars, etc.?). Also, when you say wait for a "percentage" under or over the specified range, what percentage are you describing? Are you referring to Fisher's ACD type model where he...

still selling Triangle Trading? For how much?

bought his subscription a few months ago. He practices a version of market auction theory which measures volume, S&R in the context of bell curve analysis and standard deviation. When you look at a market profile chart, you're looking at volume ratios printed from top to bottom (looks almost...

pardon my ignorance Gloria, but when you say 30 tick, how does that translate into minutes? My charts only have 1, 2, 3, 5 minutes etc. I would think if this system works, you should be able to use minutes no? In any case, are you still using MACD and stoch momentum with the tick? Ron

Gloria: what time frames do you use? 1 minute? Would you say you are ending the day positive and keeping a journal to eliminate any bias (it's so easy to think you are making gains and then when you look at the whole picture, you see you're not that far ahead)? If yes to all of the above, good...

thanks Chris- you're always helpful. I do know of 3 traders in the US that trade the 60 Minute Trader and all report success with it. I know I was critical earlier (jaded trader whose been through the mill:-(, but after looking at opening fades, you can't help but wonder i fthis has to be one...

BTW, Chris, if you can reply on this. In a nutshell, would you say MOATS is comprehensive and worth 147USD? Or is it a system merely based on floor pivots calculated at the end of the day? I just get skeptical when they tell you how great a system is but don't really give you a clue---a viable...

hey, you'll all be glad to know that I'm a Yank and love McVites dunked in tea (though they're not easy to find in the US). Also, there are literally bag fulls of PG Tips in my house; I am practically forced to consume large amounts of this tea on a daily basis. Could this have anything to do...

thank you Chris. BTW, are you still trading your system? I do know a few people who have purchased it and done well with the opening fade. But they are trading several contracts to make it worthwhile. From my standpoint, I'm still a little reluctant as I can only afford one contract at present...