YM Traders

Quote from mhashe:

Short 11047 YM
Short 1295 ES
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Cover 11062 YM -15
Cover 1296.75 ES

Missed that dip to 11038. Last time I ever hold a short overnight. I've been stopped out of every single short position held overnight because of the MRC. Lesson learned.
 
Quote from mhashe:

I've been stopped out of every single short position held overnight because of the MRC. Lesson learned.
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Maybe you should have more faith in statistics. Although there WAS a midnight rally last night (30 points) it ended abruptly by 7 am, and this night goes down as flat in the books.

So far this year 4 downgaps, 1 upgap and 2 flats...

Now let's suppose someone was playing long last night, I would like to know if he was using a trailing stop loss and locked in profits or gave back all the gains?
 
Quote from Pekelo:

Maybe you should have more faith in statistics. Although there WAS a midnight rally last night (30 points) it ended abruptly by 7 am, and this night goes down as flat in the books.

So far this year 4 downgaps, 1 upgap and 2 flats...

Now let's suppose someone was playing long last night, I would like to know if he was using a trailing stop loss and locked in profits or gave back all the gains?
More...




I still am holding my long, stop is still 979, looking for an exit at 11200 ish.
 
Quote from Pekelo:

Maybe you should have more faith in statistics. Although there WAS a midnight rally last night (30 points) it ended abruptly by 7 am, and this night goes down as flat in the books.

So far this year 4 downgaps, 1 upgap and 2 flats...

Now let's suppose someone was playing long last night, I would like to know if he was using a trailing stop loss and locked in profits or gave back all the gains?
More...

rofl 4 gap downs??.. what charts you looking at?


whole point of MRC is not go gap the market up... but to make sure we dont gap down huge.....

Again.. its not a "guaranteed gap higher"... "its a guaranteed no risk long"
 
Quote from EqtTrdr:

rofl 4 gap downs??.. what charts you looking at?


whole point of MRC is not go gap the market up... but to make sure we dont gap down huge.....
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Overnight charts, dear. Check out my blog in the Strategy trading section. It is hard to argue against the FACTS. That's why I decided to record the overnight moves, because I knew some of you would come and just plainly deny what happened...

So you say, the point is not to gap down? That is SLIGHTLY different what you said a few months back:

"Eqt: we gap up more than 90% of the time imo"

So far you can be happy if the January statistics going to get a 50-50... :)

By the way, I solved the Midnight Rally mistery. The overnight futures simply react to other markets mostly the Nikkei and the DAX. So 2 nights ago the Nikkei dropped 300 points? We gapped down 50!
Last night the Nikkei rallied 150 points, we had a midnight rally of 30 points.

You guys say last year the MRC worked well? Of course, because overall the Nikkei went up 40% and the DAX 25%.

Remember there was only 4 downgaps in December, quite accidentally if you look at the Nikkei chart, there were 4 drawdowns too.

So mystery solved, I want the fees sent to my paypal account! :)

And you are welcome...
 
yawn...


read the original thread...


I didnt start it my good man.

It is a fact that there is NO FEAR and market NOT allowed to gap down.. and holding long futures overnight has NO RISK as the worst you do is get out b/e


end of story
 
Quote from EqtTrdr:

read the original thread...



What do you think the quote from you came from? :)


I didnt start it my good man.

This is not even an argument. This just shows that I am wasting my time with you.


It is a fact that there is NO FEAR and market NOT allowed to gap down..

This is a straight LIE. We gapped down 50 points yesterday... :(

OK, time to go and let's trade my little friend...
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Quote from EqtTrdr:


It is a fact that there is NO FEAR and market NOT allowed to gap down.. and holding long futures overnight has NO RISK as the worst you do is get out b/e
More...

fact is that the market right now seems to be in a phase where gap downs are closed most of the time. there will be breakaway down gaps in the future - no doubt. question is when and how deep. for example it is also a fact that the biggest gap up / trend up days happen in bear markets - but that's another story.

just wait and see.
 
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