ES Journal Archive (2009 - 2010)

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It seems like every morning after 3 am ET, the market sells off. It's like you could place a time-triggered short order with a 5 pt target and get filled by RTH open

Since that pattern is now so predictable, we should all do the opposite.
 
Quote from NoDoji:

It seems like every morning after 3 am ET, the market sells off. It's like you could place a time-triggered short order with a 5 pt target and get filled by RTH open
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3 am ET is 9 am CET (Central European Time), that is, the European opening, which lacking any other news tends to move the Globex.. Careful with shorting with your eyes closed.


"Since that pattern is now so predictable, we should all do the opposite. "

:) 7 points in the money already (for those who got long)
 
Quote from NoDoji:

It seems like every morning after 3 am ET, the market sells off. It's like you could place a time-triggered short order with a 5 pt target and get filled by RTH open

Since that pattern is now so predictable, we should all do the opposite.
More...




Quote from volente_00:

I trade ES almost every night. The movement is usually pretty slow so you have to put in more time for fewer points compared to normal hours. Action heats up right around 3 a.m. est when europe opens. Not sure what time zone you are in but you usually can make some decent low risk trades fading the move that happens right at 3 est.
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