Midnight rally

Quote from Rickshaw Man:

Have you read the whole thread? If not why don't you. instead of questioning wether it works and getting upset that some are making money, quit winning and do some research.

Have you made any trades today?
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Yes i have read the whole thread and it looks like ego is more important than making money. The only thing that I questioned was the 90% win rate this "no risk" strategy is supposed to have. BTW, if he did his research he would know that since the beginning of 2003 it gapped up 56% of the time. Which is interesting but not quite the 90% this "no risk" strategy has. I guess I just don't know how to use a spreadsheet.

I did close out a NQ long I had but I am not a daytrader so I don't make trades daily.

You haven't answered my original question about talking about a strategy in public and it disappearing.
 
Quote from nutsojob:

Yes i have read the whole thread and it looks like ego is more important than making money. The only thing that I questioned was the 90% win rate this "no risk" strategy is supposed to have. BTW, if he did his research he would know that since the beginning of 2003 it gapped up 56% of the time. Which is interesting but not quite the 90% this "no risk" strategy has. I guess I just don't know how to use a spreadsheet.

I did close out a NQ long I had but I am not a daytrader so I don't make trades daily.

You haven't answered my original question about talking about a strategy in public and it disappearing.
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I am not concerned about it disappearing, I try not to concern myself with something I have no control over. What I do know is if the Dow has been down for two days in a row the probility of it being up in the overnight session is 90%. This has been the case for the past 5 months.
 
Quote from nutsojob:

Yes i have read the whole thread and it looks like ego is more important than making money. The only thing that I questioned was the 90% win rate this "no risk" strategy is supposed to have. BTW, if he did his research he would know that since the beginning of 2003 it gapped up 56% of the time. Which is interesting but not quite the 90% this "no risk" strategy has. I guess I just don't know how to use a spreadsheet.

I did close out a NQ long I had but I am not a daytrader so I don't make trades daily.

You haven't answered my original question about talking about a strategy in public and it disappearing.
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Another high probility trade is if the Dow has been down for most of the day their is a very high probility in the last 20 minutes it will lift off its lows.

Buyers have been showing up to support the market lately during the last hour.
 
Quote from Rickshaw Man:

I am not concerned about it disappearing, I try not to concern myself with something I have no control over. What I do know is if the Dow has been down for two days in a row the probility of it being up in the overnight session is 90%. This has been the case for the past 5 months.
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So you are living in the present as long as it is working NOW that is all that matters? You do realize that there are several hedge fund managers and well known authors on the site that could take this idea and find something really concrete in it and start trading size to make it as obvious as a CANSLIM cup and handle pattern?
 
Quote from nutsojob:

So you are living in the present as long as it is working NOW that is all that matters? You do realize that there are several hedge fund managers and well known authors on the site that could take this idea and find something really concrete in it and start trading size to make it as obvious as a CANSLIM cup and handle pattern?
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The more the merrier.
 
Quote from EqtTrdr:

"Dip buyers rewarded once again"$$$
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YM up 50 points in 6 minutes, no risk here just keep buying, Dell will add support, and will move the markets even higher .
 
I have my doubts tonight, a gap up tomorrow and a sell off does not bode well. Better hold em inline.. Im calling off the midnight rally tonight.
 
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