My 930est opening strategy is based 75% on pre-market activity and its very profitable. Trading outside of RTH is account suicide IMO, but i do think the pre-market activity can be helpful.
I have the ES RTH VWAP at 91.75. Anyone else have that? Edit - 91.71 to be exact but obviously that would be 91.75
Care to expand more? Is that using price action, behavior, levels or what have you from ETH to make a trade at the opening bell (?)...? Or is it using the pre-market to determine where we will most likely open and then put that into context with the previous RTH day, i.e., flat open, gap open, large gap open, etc? I use/used the last approach myself as I obviously always want to have an idea of where we will open. But I would not need charts to be honest. Just the OHLC of ETH.
This has been a very frustrating week for me as I also (normally) find the opportunity to place trades about an hr before - 1st hr of trading but so far this week every AM I have been unable to be at my trading desk so have missed much of the really good moves. While what I've done is important its pure frustration watching the market mid-day and having no real opportunity to make a good trade. I end up taking so so trades and often over trade just to be in the "game"...UGH
What "game" are u in? Game of seeing how many times you can buy and sell? Better to be in the game of making money.
The last few days the market makers have been shoveling shit back and forth. I don't think there are any real buyers at SPX 1700. I have the put call ratio printing the lowest level in more than a year today, but we can't print SPX 1705. And the market internal based indicators I track in the Daily chart are conveying a negative inflection point.