ES Journal Archive (2006 - 2008)

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Quote from Pekelo:

What a load of crap.... :)

lol. :-)

I did a study of Google when it was in its bull run (around two years' worth of data). Buying the close and selling the next day's open made a trader an average around $1 a day. Buying a day's open and selling that same day's close netted nothing.

The same holds for the S&P.
 
Quote from volente_00:

lot of calls wrote today


anyone else think we see ~1350 cash again between now and friday ?

sorry, i didn't catch this in time or i would've said yes, but...

can i gloat a little bit now? :D
 
smilingsynic,
I've read similar studies (Steenbarger might have written one of them) about the exact same condition of which you speak. However, the one flaw in simply measuring "buy open sell close" and vice versa is that this kind of limited study does not account for fluctuations of price inside the day (the intraday swings RTH) and that is where the intraday trader plays.

These studies (AH versus RTH) are exactly why I run FLoor Trader pivots and fibbos on the AH.
 
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