Comments on: Trading the Odds on Thursday – June 18, 2009 -Asian Markets- http://www.tradingtheodds.com/2009/06/trading-the-odds-on-thursday-june-18-2009-asian-markets/ A quantitative approach to profit in the US equity and futures markets, trading the markets like professional card counters are playing Blackjack or expert poker players are playing Poker. The key is to have the odds on your side and bet accordingly, knowing what, when, where, why and how much to bet on each trade or wager. Mon, 06 Feb 2012 13:40:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TradingTheOdds http://www.tradingtheodds.com/2009/06/trading-the-odds-on-thursday-june-18-2009-asian-markets/#comment-3937 TradingTheOdds Thu, 18 Jun 2009 18:49:00 +0000 http://www.tradingtheodds.com/?p=2291#comment-3937 Add, a better opportunity for what, going long or short ? Probabilities and odds are still tilt in favor of the downside, but I take whatever that market is willing to give. During the last 15 minutes (see my Twitter update) Nasdaq breadth was significantly improving, so it was time to take some money from the short of the table and wait for another favorable opportunity, and probably a short will be triggered at today's close. But we're still in front of the final hour of the session, and everything can happen. It's best to follow me on Twitter (or to send me a Twitter note), I'm not always able to follow the comment section on the blog during the session. Best, Frank Add,

a better opportunity for what, going long or short ? Probabilities and odds are still tilt in favor of the downside, but I take whatever that market is willing to give. During the last 15 minutes (see my Twitter update) Nasdaq breadth was significantly improving, so it was time to take some money from the short of the table and wait for another favorable opportunity, and probably a short will be triggered at today’s close. But we’re still in front of the final hour of the session, and everything can happen.

It’s best to follow me on Twitter (or to send me a Twitter note), I’m not always able to follow the comment section on the blog during the session.

Best,
Frank

]]> By: ADD http://www.tradingtheodds.com/2009/06/trading-the-odds-on-thursday-june-18-2009-asian-markets/#comment-3936 ADD Thu, 18 Jun 2009 18:43:16 +0000 http://www.tradingtheodds.com/?p=2291#comment-3936 So was that it? Early morning on Wednesday marked the low for this drop? The trend seems to have reverted back to the upside, but I've been holding out due to uncertainty whether Friday or Monday will provide a better opportunity. Not sure the odds favor that outlook anymore. Best, -A. So was that it? Early morning on Wednesday marked the low for this drop? The trend seems to have reverted back to the upside, but I’ve been holding out due to uncertainty whether Friday or Monday will provide a better opportunity. Not sure the odds favor that outlook anymore.

Best,
-A.

]]> By: TradingTheOdds http://www.tradingtheodds.com/2009/06/trading-the-odds-on-thursday-june-18-2009-asian-markets/#comment-3935 TradingTheOdds Thu, 18 Jun 2009 15:37:38 +0000 http://www.tradingtheodds.com/?p=2291#comment-3935 CarlosR, the ES E-mini futures data only referrs to the day session, not to the almost 24hours GLOBEX session. Best, Frank CarlosR,

the ES E-mini futures data only referrs to the day session, not to the almost 24hours GLOBEX session.

Best,
Frank

]]> By: CarlosR http://www.tradingtheodds.com/2009/06/trading-the-odds-on-thursday-june-18-2009-asian-markets/#comment-3934 CarlosR Thu, 18 Jun 2009 15:33:18 +0000 http://www.tradingtheodds.com/?p=2291#comment-3934 Frank, When you do your usual E-mini intraday analysis, showing the performance with respect to the open, high, low, close compared to the previous day, what time period do those labels refer to? What I'm asking is, since the e-mini trades almost 24 hrs/day, does the "open" you refer to mean the open of the 24-hr trading day, which is 3:30 pm Chicago time? (then the close would be 3:15 pm the next day, Chicago time) Or do you mean the open of regular trading hours in New York, which is 9:30 am NY time? Frank,

When you do your usual E-mini intraday analysis, showing the performance with respect to the open, high, low, close compared to the previous day, what time period do those labels refer to? What I’m asking is, since the e-mini trades almost 24 hrs/day, does the “open” you refer to mean the open of the 24-hr trading day, which is 3:30 pm Chicago time? (then the close would be 3:15 pm the next day, Chicago time)

Or do you mean the open of regular trading hours in New York, which is 9:30 am NY time?

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