Midnight rally

Quote from gsva006:

Do you set a limit order so you make sure profits are locked in during the night?

Closing just before the open is not possible for me as this is in the middle of my working day (Central european time). So I need to place a limit order. I'm just not sure how many points I should be looking for.

Any thoughts on this?

Dominique
More...

really never made it that complicated...


buy futs near market close..... whenever you wake up in the premarket.. sell..

collect free money$$
 
bought 5 YMM06 @ 11661 near the close
sold 5 YMM06 @ 11671 45 min after the open

profit: +10 points

about $214 profit after commissions

Wooha!

Dominique

(unfortunately my demo software does not have NQ on board)
 
Interesting.
Jumped in for the first time at 22 @ 3:53pm. So far, so good. Plan to just hold it until I "wake up in the pre-market," and then sell.

Do you guys watch it much overnite or just fire and forget until you wake?
 
No I don't wait till just before the open. I'm happy with 10 points so I place a limit order to close it.
Today it got closed within 10 minutes after the close.

3rd day in a row that I earn 10 points (in demo)

Dominique
 
Thanks GSVA.
I'm gonna try it the way it was suggested a few posts ago and see how it goes. Keep collecting those 10 pointers. You can't go wrong that way.
Neil




really never made it that complicated...

buy futs near market close..... whenever you wake up in the premarket.. sell..

collect free money$$
 
Waking up premarket and sell does not work. But I do think you can make money. That's why I set a limit order of 10 points.

If you wanted to sell in the premarket to you would not have made a profit today.

Dominique
 
Excellent job overnight the charts look ready to explode to the upside, someone has been very busy overnight look at this nice inverse head and shoulder pattern
 

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I had 4 winning trades in a row monday to thursday. The weekend trade however was a loss. I'm using a stop loss of 20 points.

So I'm up 20 points in one week.

But indeed, if you look a the weekend trading, it was very active.

Dominique
 
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