YM Traders

[sevenfirs]

Ok, I've done some research on MRC and appreciate how you folks trade it. Good trading all.

 

[futuman]

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Quote from Pekelo:

how is a member of the MRC supposed to play a runaway gap
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Yes, it must be one of the worst days for MRC folks for a long time.

 

[Pekelo]

I am most likely going long into the close. We only had 1 upgap this year so far, so beside the LOD being close to the close, we are statistically due for an upgap...

And this is a "4" day, so we should gap up and have a top around 9:45...

 

[satchel]

Quote from Pekelo:... 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.
...

This is hardly a mystery.

 

[satchel]

Quote from satchel:
Hey It's Sell em if ya got em Thursday!!

Screw the gap up, we gap down, da boyz are adding a new event "Sell em if ya got em Friday!"

See you at the bottom, Friday 4:15pmEST

But if you want to rely on MRC, be my guest.

 

[mhashe]

Quote from Pekelo:

I am most likely going long into the close. We only had 1 upgap this year so far, so beside the LOD being close to the close, we are statistically due for an upgap...

And this is a "4" day, so we should gap up and have a top around 9:45...

The Nikkei will sell off tonight. Careful going long on the MRC. Better to buy after the 3:00 am EST dip.

 

[Pekelo]

I don't go long on MRC, I go long on chartpattern recognition. By the way so far I am in the money by 10 points.

Here is what's going to happen: We gap up a bit like 15-20 points. After the open we will go slightly higher then turn around between 9:45 and 10, from that point we drop 20-30 points. That is DA PLAN....

 

[Pekelo]

Quote from satchel:

This is hardly a mystery.

Sure, but until now, nobody spelled it out aloud. When this morning the Nikkei was up 80 but we gapped down, I knew something was up....

 

[volente_00]

Buy the close lod on the dow,

MRC in the house !

 

[volente_00]

Quote from Pekelo:

I am most likely going long into the close. We only had 1 upgap this year so far, so beside the LOD being close to the close, we are statistically due for an upgap...

And this is a "4" day, so we should gap up and have a top around 9:45...

Typical, a MRC basher decides to play the game