[UrmaBlume]

Almost every day the extreme you would most like to trade is established during overnight trading.

Last night at 0400 PST there was strong coordinated selling across all three US Equity Futures as you can see in the chart below.

The second chart bleow shows an overlay of the nite session in red and the day session in blue. Notice how on most days the most desirable trade location for the session is shown in red which means it happened BEFORE the open of the day session.

[JBWTrader]

Hey Pat
Makes a lot of sense mate...I guess it requires a lot less dollars to get into position for the next day....take for eg last night going down and today (so far) is an upmarket...a bigger ride in total for those making the market.....

Thanks again !
Best
John

[jonbig04]

Agreed. Globex highs and lows are no joke, and I no longer skip these hours. Granted, I have no life. At any rate these levels also are often significant during RTH too.

[robertm]

Originally Posted by UrmaBlume »

Almost every day the extreme you would most like to trade is established during overnight trading.

Last night at 0400 PST there was strong coordinated selling across all three US Equity Futures as you can see in the chart below.

The second chart bleow shows an overlay of the nite session in red and the day session in blue. Notice how on most days the most desirable trade location for the session is shown in red which means it happened BEFORE the open of the day session.

You can split some days into two different sessions. If you get a strong move in the pre-market (European session), you often just get sideways action in the cash session, and visa versa. If you only trade the cash sessions it's worth noting this as if you're already at the highs based on average daily range, there probably isn't much more to come unless a reversal occurs.

Using the European/night/pre-market session to get set and letting the momentum of the day session sweep through your profit targets is another option, but again the range needs to be considered if you are wanting to be out later that same day, and news announcements often get in the way whipping price around too much, so pick your days carefully , and do plenty of backtesting!

[brownsfan019]

Originally Posted by UrmaBlume »

Almost every day the extreme you would most like to trade is established during overnight trading.

Last night at 0400 PST there was strong coordinated selling across all three US Equity Futures as you can see in the chart below.

The second chart bleow shows an overlay of the nite session in red and the day session in blue. Notice how on most days the most desirable trade location for the session is shown in red which means it happened BEFORE the open of the day session.

Interesting post Pat, but unless you are automated and using your firm's indicators, there isn't much a person can do to take advantage of this information. I agree that many good movements/setups can occur while we are sleeping but personally I've found that looking back at trades that might have occurred if I was awake is not a good use of my time.

Are you and your traders trading these setups via programming? Would be really nice to wake up to some nice profits while you were sleeping.

[jonbig04]

Actually I find that many of my setups happen in the PM. I just set my alerts like I do during the day. If they go off at night, I wake up and place the trade, and hopefully go back to sleep with my targets set. I really don't have a set time of day when I trade, its just when ever my setups occur and alerts chime. Come to think of it, the last trade I took woke me up with the "target filled" sound, then I went back to sleep lol

Thats just me though.

[Frank]

Almost every day the extreme you would most like to trade is established during overnight trading.

I would like to see this supported with some statistical analysis.

[Kiwi]

Think about these for a second. Wisdom might arrive. Or not.


Strong selling requires strong buying.

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The king really wasn't wearing clothes.

If you can't see the sucker in the room it's probably you.