Futures traders: how consistently does overnight bias hold?

Thanks, very helpful re correlation insights. I'll likely start keeping track of what happens in premkt following futs moving 200 or more points green/red night before by 7pm

 

Tend to agree with hafez.

I view overnight as noise OR a potential opportunity to get in a position at a better price than I originally anticipated. But I don't really read into the overnight action, if that makes sense.

 

Here is a current look at my Night Trader strategy.

 

There we go ken . Futures went from down 25 to almost flat . As i said many times when the futures tank before the 8 pm after hrs close they reverse before the opening bell . Now if they gaps up before the 8 pm close they usually stayed gapped up till the open

 

You went long at 2848.75? Were's your stop ?

 

Long around 2849. Stop around 2798.

 

You'll risk 50 on the downside to make 15 on the upside ? I'm willing to bet if we take out the after lows of 2825 we'll see under 2800. I'll be very very shocked if we see your 2863 before the open . I hope we do because i'll short it silly

 

Yep...this strategy has performed well since 2007.

 

Good trade.

 

It might work . Were flat now .Thats why one always takes short profits like tonight in after hrs . Poof it can be gone in the am

Nice trade fan . I'm surprised how high we went then again nothing really suprises . I shorted a few at 2874. if we go higher i'll short a few more at 2890. I have no problem holding