Midnight rally

Discussion in 'Trading' started by Rickshaw Man, Mar 24, 2005.

  1. Overnight

    Overnight

    He always goes silent during corrections, because he realizes his premise is flawed.
     
    #1101     Mar 4, 2021
  2. Overnight

    Overnight

    Now I'm down only 1400 points Rick. How you doing? Whew! I though when the Asia session opened I'd be down 2000. Oh, wait, that is yet to come.
     
    #1102     Mar 4, 2021
  3. Movements are pre-written as according to destiny. In the event of a change in course of destiny, it is recognizable yet connected; therefore, one can close on the point of destiny.
     
    #1103     Mar 4, 2021
  4. They

    They

    Are you averaging into trades or generally going all in?
     
    #1104     Mar 5, 2021
  5. I will not point out the posters name as he declined my question a few weeks back if he was still holding the long he posted. The market has since dropped over 200 points from his entry (where the market allegedly was very oversold at all time highs).

    It's a good reminder when the zero-risk or long only crowd gets loud-mouthed as the always do. :)

    There's some merit to all this as I've said before, but you certainly need deep pockets to stay in the game.

    upload_2021-3-5_22-19-40.png
     
    #1105     Mar 5, 2021
  6. Overnight

    Overnight

    On the MNQ, the only way I could possibly average in would be to long a forward month when the front month is down as much as today was, for example. Averaging into a 1400 point losing trade were it the front month would be kinda' dumb, because expiration on it is only 2 weeks away. And averaging into the Jun month would be dumb as well, because of said near expiry when Jun becomes front. Were I to "try to average into Jun now, I'd go long in Sep contract, because I believe it will take a long-ass time to get back to the Jun entry.

    On the Dow it is a different story because the margin req. is much lower, swings have not been as extreme, and it actually worked this week (Thank you Chevron, and UAL for buying those Boeing planes.) It will be in the journal.
     
    #1106     Mar 5, 2021
  7. Tuesday cash open...Enormous gap up on the cash open.


    Tuesday cash open..jpg
     
    #1107     Mar 10, 2021
  8. Pretty sure it's Wednesday today.
     
    #1108     Mar 10, 2021
  9. Ninety percent of the gains for this month will come from the overnight stock index futures session. Gap up on the cash open, then sideways with a slight upward bias for the remainder of the cash session. Mark my words folks. Same thing over and over and over.
     
    #1109     Mar 10, 2021
  10. Stock index futures, rally overnight, 8:27 am CST


    3.10.21  8.26am cst.jpg
     
    #1110     Mar 10, 2021