Enter on Open, Exit on Close.

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bizologist
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Enter on Open, Exit on Close.

Postby bizologist » Tue Aug 17, 2010 7:00 pm

A question for TRO

Speaking of rats . . . .

If there were a reliable high percentage method of knowing the color of the next bar, one could simply enter on the open and exit on the close and take home a goodly income very simply.

Any clues?

Thanks for the consideration.

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dragon33
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Re: Enter on Open, Exit on Close.

Postby dragon33 » Tue Aug 17, 2010 7:35 pm

bizologist wrote:A question for TRO

Speaking of rats . . . .

If there were a reliable high percentage method of knowing the color of the next bar, one could simply enter on the open and exit on the close and take home a goodly income very simply.

Any clues?

Thanks for the consideration.


Buy glas bowl and look inside the bowl.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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blubbb
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Postby blubbb » Tue Aug 17, 2010 7:40 pm

"Just" knowing the color would not help you if you don't know how long the candle will be! ;) You could still lose much and win little on a regular basis.

bizologist
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Postby bizologist » Tue Aug 17, 2010 8:41 pm

One thing I have noticed in my years is that it usually is green on the west side of a mountain range and burnt or red on the east side. Must be due to the rains.

jarnapal
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Postby jarnapal » Thu Aug 19, 2010 5:41 am

bredin already showed statistics that price mostly goes first to the opposite direction on higher timeframes to create a small wick and then continue moving up/down. My point is that price moves up and down down and up. When you open your position at bars open you won't have any idea where you are getting the close unless you get higher edge with buzzard.

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