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Thank you for watching!
** UPDATE: The trading system used in the video actually had “Sell Delay” set to “1” – in other words, it sold on the Close of the NEXT day. I tried both same day and next day Sell signals. Same-day yielded around 140M over the 50 years, but draw-downs were smaller. Very interesting! **
This video shows the day trading system and pattern that had the power to turn a $50k portfolio into over three billion dollars, from 1965 to today on the S&P 500.
We can see on the chart, the Opening Range Breakout pattern revealed by Tony Crabel in his book “Day Trading with Short Term Price Patterns and the Opening Range Breakout”. It shows the Narrowest Range bar of the last seven days (NR7), then the buy bar and the buy price as it moves above the high of that narrow range day.
Amazingly, the system still holds up on the S&P 500 over the last six years. Could it be that the edge of this trading system isn’t completely eroded after it was revealed?
Check it out!
http://www.asxmarketwatch.com/
Dave McLachlan