worst trading strategy ever please critique

Discussion in 'Index Futures' started by angel_king, Feb 2, 2008.

  1. this may be obvious but ...

    a play on stock prices retracing to the closing price of the previous day or stock prices returning to the center of the moving average

    anyone notice that the market makers or whoever the evil ?!@ are who provide liquidity after hours seem to know what the market is doing and what the next trading session will look like?

    the after hours market makers price futures in the opposite direction of the next days anticipated trend direction

    mm provide an inverse price of what the next session of the market will do... better than a crystal ball

    the market goes up all day, many people will have bought long and may still be holding. after hours the market maker who may believe that the market will go up the next day run the stock straight down all night and collect cheap shares/contracts from weak hands. vice versa for days when the market goes down all day.

    the play: when the after market or pre market prices are insanely outside of any thinkable limit that is the time to get in for a slingshot ride in the opposite direction. the beyond a reasonable limit prices are available usually only within about 3 hours before the market opens

    with the exception of special events, like the fed giving a .50 point basis cut or some other staged event like that I plan to never trade anything but within 2 hours of before the market opens and the first hour after the market is open . the no volume, no movement choppy middle of the day, they can keep it.

    note: this is not a play on the fall off a cliff or run straight to the sky price change that happens when the futures market restarts at 3:30 that one scares me.

    find a chart with after market prices for futures and look back 5 to 10 days you will see what I am talking about.

    If there is not a potential for a 20+ ES point move with massive volume why bother?

    the market makers seem kinda greedy use it against them.

    and thats my plan.

    this is my 3rd post, do not use this as financial advice. use a sell stop.
     
  2. There aren't any "after hours" market makers.
     
  3. Almost every strategy posted by people on this site qualifies as "the worst trading strategy ever"

    and now YOU have joined an "Elite" crowd yourself.....

    congrats

    See how easy it is to get good information here?
     
  4. Jaques

    Jaques

    Good Observation.While I don't know whether it works in future but it is good for having an insight.
     
  5. Markets come and go, strategies are books on the shelf.
     
  6. Please explain how the evil market makers do this. I'd like to know how to buy cheaper shares after hours too.
     
  7. I am relatively new in trading, in short celebrating my first year.
    I found myself inable to be profitable via daytrading until now - I know where are my problems, I will solve them but it needs patience.
    .
    On contrary, I am without major problems, nearly from begin profitable on "nightrading" = trading premarket of aftermarket.

    They are different, strategies those work out of RTH do not work in RTH.
    Many will not agree but premarket and aftermarket seems much more logical for me than RTH. May be less traders without any strategy or plan putting fingers in in.
     
  8. Evil Market Makers 101 is taught at the Sith Lord Intitutue of Yahoo dot Pat Byrne. Cheap shares were sold a long long time ago, (sigh) they are gone like yesterdays ripe banana. Since that time our new course offering is "Cheap Shares Tomorrow 101"
     
  9. Funny, I guess that market makers only exist in the US, and none in Europe, Asia, etc. who trade OTHER markets during OTHER hours.... ?
     
  10. I was referring to the first two lines of his post.

    a play on stock prices retracing to the closing price of the previous day or stock prices returning to the center of the moving average

    anyone notice that the market makers or whoever the evil ?!@ are who provide liquidity after hours seem to know what the market is doing and what the next trading session will look like?
     
    #10     Feb 3, 2008