yeah commissions would be high. But that's not the point,
that's not a mechnical system because of the number of trades, the
point was to show you that the market has made the majority of its
gains over the years on over night gaps
It also shows you that it's best to sell longs on gap ups in the
the morning vs at the close
commissions
The majority of market gains come overnight
Posted by 8899 on 21st of Mar 2011 at 11:13 am
i wonder how much commissions would have cost to trade every day for 17+ years!
yeah commissions would be high.
Posted by matt on 21st of Mar 2011 at 11:16 am
yeah commissions would be high. But that's not the point, that's not a mechnical system because of the number of trades, the point was to show you that the market has made the majority of its gains over the years on over night gaps
It also shows you that it's best to sell longs on gap ups in the the morning vs at the close
Title: EMA filter of overnight
Posted by darnelds on 22nd of Mar 2011 at 05:20 pm
It would be interesting to see if these overnight gaps move mostly in the direction of the 13 or 34 period EMA.