Midnight rally

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

  1. really never made it that complicated...


    buy futs near market close..... whenever you wake up in the premarket.. sell..

    collect free money$$
     
    #571     May 9, 2006
  2. gsva006

    gsva006

    bought 5 YMM06 @ 11661 near the close
    sold 5 YMM06 @ 11671 45 min after the open

    profit: +10 points

    about $214 profit after commissions

    Wooha!

    Dominique

    (unfortunately my demo software does not have NQ on board)
     
    #572     May 10, 2006
  3. Midnight rally seems like a good bet tonight.
     
    #573     May 11, 2006
  4. nlslax

    nlslax

    Interesting.
    Jumped in for the first time at 22 @ 3:53pm. So far, so good. Plan to just hold it until I "wake up in the pre-market," and then sell.

    Do you guys watch it much overnite or just fire and forget until you wake?
     
    #574     May 11, 2006
  5. gsva006

    gsva006

    No I don't wait till just before the open. I'm happy with 10 points so I place a limit order to close it.
    Today it got closed within 10 minutes after the close.

    3rd day in a row that I earn 10 points (in demo)

    Dominique
     
    #575     May 11, 2006
  6. nlslax

    nlslax

    Thanks GSVA.
    I'm gonna try it the way it was suggested a few posts ago and see how it goes. Keep collecting those 10 pointers. You can't go wrong that way.
    Neil




    really never made it that complicated...

    buy futs near market close..... whenever you wake up in the premarket.. sell..

    collect free money$$
     
    #576     May 11, 2006
  7. thumperac

    thumperac

    so were is the MRC today?
     
    #577     May 12, 2006
  8. gsva006

    gsva006

    Waking up premarket and sell does not work. But I do think you can make money. That's why I set a limit order of 10 points.

    If you wanted to sell in the premarket to you would not have made a profit today.

    Dominique
     
    #578     May 12, 2006
  9. Excellent job overnight the charts look ready to explode to the upside, someone has been very busy overnight look at this nice inverse head and shoulder pattern
     
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    #579     May 15, 2006
  10. gsva006

    gsva006

    I had 4 winning trades in a row monday to thursday. The weekend trade however was a loss. I'm using a stop loss of 20 points.

    So I'm up 20 points in one week.

    But indeed, if you look a the weekend trading, it was very active.

    Dominique
     
    #580     May 15, 2006