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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (76603)	2/9/2023 4:55:34 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 97990

About 2 years ago I stayed up at nights for a couple of weeks just to examine the overnight trading algos and volume. You can certainly move the market fairly easily overnight. But to actually control the direction is not as simple. For example, during special periods where major markets are closed and it is all algo trading and it is fairly quiet, you could offer them a few contracts. The algos sniff it out and the trend turns lower to take it off your hands. Then the fun begins as they try to rebalance their holdings and risks. It very much resembles throwing a rock at a quiet pond. Once it is hit, the ripples spread and others react to it. It is not always like that. It only happens that way when the market is in a holding pattern. At other times you can move it at key levels if you buy or sell at market. What is always true is that different algos compete with each other and also try to maintain a risk neutral stance. And this creates some fireworks. Once a major market opens, in Asia or EU, then the game changes. Still, those guys are mostly concerned with their own book and not the US'. Overall, I'd say that was time well spent. Some day I may retire to a nice place where the time difference allows me to trade the US night market without sacrificing good sleep.