ES Journal - 2012

Rickshaw Man · Jan 19, 2012

As usual ES is up in pre market.....US index futures rise overnight 79% of the time. Buy the cash close, sell the cash open make easy money....then go play golf, let the tick mongers fight for scraps.

Follow the index futures for 10 years like I have and you will see the pattern.

Ciao!

Trvlwanderer · Jan 19, 2012

Quote from trickshot:

Imo this should be moving back up to 1.315 pretty soon, its a reaction rally, you can see it by switching to higher time frames.

agreed that is likely (1.315).

It's been a well defined channel from early on.

It's break with likely coincide with the es confirmation of breakout. In fact it is happening now.

Rickshaw Man · Jan 19, 2012

The reason for the rise is so the media outlets can tell the waking American citizens.....LLOK LIKE A HIGHER OPEN ON WALL STREET. the send the masses out the door feeling good.

They also prep it up before lunch time for the same effect.

Trvlwanderer · Jan 19, 2012

This is ES hourly and the upward channel can be seen on the daily as well.

Note we are now above the triangle breakout and banging hard at the upper TL. This coincides with the eur/usd breaking of it's upper tl (downward sloping).

NoDoji · Jan 19, 2012

Quote from Rickshaw Man:

As usual ES is up in pre market.....US index futures rise overnight 79% of the time. Buy the cash close, sell the cash open make easy money....then go play golf, let the tick mongers fight for scraps.

Follow the index futures for 10 years like I have and you will see the pattern.

Interesting. During that 10 year period, do you by chance have stats for the average point rise for that 79% of the time and average point drop during the other 21% of the time?

TIA...D

HurricaneUS · Jan 19, 2012

Quote from NoDoji:

Interesting. During that 10 year period, do you by chance have stats for the average point rise for that 79% of the time and average point drop during the other 21% of the time?

TIA...D

I suspect it would have been a net loser. Even if it was net positive, then it's likely to be a curvefit.

Macho · Jan 19, 2012

Quote from Rickshaw Man:

As usual ES is up in pre market.....US index futures rise overnight 79% of the time. Buy the cash close, sell the cash open make easy money....then go play golf, let the tick mongers fight for scraps.

Follow the index futures for 10 years like I have and you will see the pattern.

Ciao!

Previously , you were saying "Buy the close ,sell BETWEEN!! 2.30 and 3.30 am for 77% profit result. Nice ,broad time range ,which makes your statement complete crap.

Now it is 79% for "SELL on the cash open".

You need to make up your mind.

fishing · Jan 19, 2012

there's no one stupid enough to think there's a strategy 'buy at x time close at y time' that actually makes money

let alone that coming from a '10 year pro trader'

if there was one anyone would have been rich

EON Kid · Jan 19, 2012

Quote from Rickshaw Man:

As usual ES is up in pre market.....US index futures rise overnight 79% of the time. Buy the cash close, sell the cash open make easy money....then go play golf, let the tick mongers fight for scraps.

Follow the index futures for 10 years like I have and you will see the pattern.

Ciao!

+1 Gap & crap is likely 2day

gmst · Jan 19, 2012

Quote from fishing:

there's no one stupid enough to think there's a strategy 'buy at x time close at y time' that actually makes money

Actually, I guarantee you there is one just like this

To answer your query - why we are not rich doing that - answer is: first, its difficult to discover it. and 2nd and more importantly, you have to have confidence that it is not a curve-fit but rather has an underlying reason behind it.