Ever tried using overnight futures and buying market open?

F

farmerjohn1324

Like this...

See what the ES futures did between when aftermarket closes and before premarket opens.

Then buy a leveraged fund in the same direction for that day.

Do you think that would work >50% of the time?
 
I have a better one: After the close go the opposite in futures than what the market did that day.

Since March 1st (16 trading days) there were only 2 consecutive same colored days. Otherwise it is just green,red,green,red,etc. That is 1 in 8, so this would work 78% of the time.
 
Pekelo said:
I have a better one: After the close go the opposite in futures than what the market did that day.

Since March 1st (16 trading days) there were only 2 consecutive same colored days. Otherwise it is just green,red,green,red,etc. That is 1 in 8, so this would work 78% of the time.
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Since March 1st!? Not a big enough N. Backtest this simple strategy from 1960 and report back on percent up and down days. Then let us know if it would be positive expectancy. I seriously doubt that this simple strategy is viable.
 
panzerman said:
Since March 1st!? Not a big enough N. Backtest this simple strategy from 1960 and report back on percent up and down days. Then let us know if it would be positive expectancy. I seriously doubt that this simple strategy is viable.
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His point is since the crisis started not that the market generally does this all the time
 
SanMiguel said:
Well... with quite a draw down in futures - went up a lot
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True, but worked just fine last night with very little heat.

I am not saying this will work forever, but in the current volatile but undecided environment, fading the last move is a winner.
 
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