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Midnight rally
- Thread starter Rickshaw Man
- Start date
Let's play
Equity Trader,
Let's make a deal. You tell me what your buying at and I will sell at that price on ES. I will cover my short at a half point profit before 9:30 am eastern the next day. You have to let me know where your order is before 4:15 eastern. I will paper trade this so in order for a "fill" to take place a buy must become the ask price After two weeks of this it should prove a few points.
Firstly that the overnight secession is a good time to trade because the markets tendency re-trace itself over a reasonable range. Also it should open people up to other ways of making money in the overnight market. I think that there is more money to be made from the re-openings at 4:30 and 6:00 from playing both sides of the market. There is also a tendency for the ES market to retrace itself over a bit of a range at the 2:00am London futures open.
Let's make a deal. You tell me what your buying at and I will sell at that price on ES. I will cover my short at a half point profit before 9:30 am eastern the next day. You have to let me know where your order is before 4:15 eastern. I will paper trade this so in order for a "fill" to take place a buy must become the ask price After two weeks of this it should prove a few points.
Firstly that the overnight secession is a good time to trade because the markets tendency re-trace itself over a reasonable range. Also it should open people up to other ways of making money in the overnight market. I think that there is more money to be made from the re-openings at 4:30 and 6:00 from playing both sides of the market. There is also a tendency for the ES market to retrace itself over a bit of a range at the 2:00am London futures open.
Quote from zf trader:
Equity Trader,
Let's make a deal. You tell me what your buying at and I will sell at that price on ES. I will cover my short at a half point profit before 9:30 am eastern the next day. You have to let me know where your order is before 4:15 eastern. I will paper trade this so in order for a "fill" to take place a buy must become the ask price After two weeks of this it should prove a few points.
Firstly that the overnight secession is a good time to trade because the markets tendency re-trace itself over a reasonable range. Also it should open people up to other ways of making money in the overnight market. I think that there is more money to be made from the re-openings at 4:30 and 6:00 from playing both sides of the market. There is also a tendency for the ES market to retrace itself over a bit of a range at the 2:00am London futures open.
Yes, but the powerful interests will make certain that you will pay big for your independence of thought and action. They will tease you with your measly 2 tick profits for several weeks perhaps. Finally as you are feeling confident that you can bet against them, they will drain your bank account in a heartbeat and will not even send you a card for holiday.
Quote from EqtTrdr:
ahh yes..
they beauty of waking up and never seening the futures down more than flat...
so easy to sleep no?
you go Bird!
yes, my friend. While the fools spend their sleepless nights trying to game the market for a few ticks on the dreaded short side, we can wake rested and full of optimism as we see they deposited more funds into our nest eggs. Long live the midnight rally crew!!!
i have actually taken the time to read all of this. having done so, i'll nibble.
this is for real ?
as i understand it, the rules of this trade are: wait for a 2 day decline in the ym, or any significant intraday low.
then buy 30 min before the close, and the "overnight crew" will make you profitable before the open. (or, at least, allow you to exit b/e ?
too cool !
'bazi
this is for real ?
as i understand it, the rules of this trade are: wait for a 2 day decline in the ym, or any significant intraday low.
then buy 30 min before the close, and the "overnight crew" will make you profitable before the open. (or, at least, allow you to exit b/e ?
too cool !
'bazi
MRC is the house !
)
)
Quote from jackbyrd:
Yes, but the powerful interests will make certain that you will pay big for your independence of thought and action. They will tease you with your measly 2 tick profits for several weeks perhaps. Finally as you are feeling confident that you can bet against them, they will drain your bank account in a heartbeat and will not even send you a card for holiday.
you go girl!