Back in the good 'ole days I used to put in far away bids and offers during the night session, and actually got filled enough to make it worthwhile. Then all of a sudden it seemed that auto market-makers have stepped in to keep it in line and that edge disappeared.
Nhkoi - I've switched between long-short, and now flat the YM/ES since originating this thread. Generally I don't like to talk about my positions in public so ... Let's move on. Yes, my original post was completely legit ... I was as astounded as anyone. But at the end of the day, the one contract was rather trivial after all.