hockeycoachdoug I've watched the webinar. My reaction: oy vey! Let's break it down:
1) He repeatedly claimed that they don't predict direction. Fact: He does predict direction. That is what his Green/Red lines do.
2) Contrary to what you said earlier in this thread, he did not show any proof that this strategy is profitable. He showed a marketing slide (only 10 weeks of alleged trading results) which did not contain any actual trades that he took. Does he trade his own strategy?
3) Your claim that he allegedly said that they are trying to sell/license this system to hedge/mutual funds makes zero sense. He is supposedly following what they are doing, remember, so why would they be interested in buying what they already know and doing anyway?
4) From his slides, the price often came back to the trigger line for a re-test, which tells me that this is simply 0.5 or 1 deviation line from the open. But it doesn't really matter what it is. The trades that worked, broke out and trended for the whole week. So simply using 30 minutes or 1 hour ORB from Monday's open will produce the same results.