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Hi Jon -
Yeah, that's exactly what I meant by Catch 22....just wish it would get big
without me for now. <g>
There's no doubt that it's *I* that has the problem, not the market. Maybe
I burn out when markets are open 24 hours.
As for the markets being different...well I must agree and disagree. There
are definately differences in liquidity and volume as you pointed out.
However, as for market structure....I have only analyzed the S&P and Yen in
great detail night session vs: the day market. They both follow the exact
"rules" at night as they do in the day. The pivot points are sckewed
slightly to come out early or late during the night session when the
trading goes dead, but they follow the same rules, believe me.
My losses at night have to do with my panicking out of positions due to
illiquid price jumps...or getting in at night at such awful points I just
dump it the next morning. Again, it is me, not the market. Daytime trading
is all I can handle for now. <g>
Thanks for the comments.
Tom Cathey
> >>
> I understand your frustration, but one traders "hell night" is anothers
> "window of opportunity".
> The catch-22 is if everyone waited until everything is "perfect" like
the day
> session :=) then how would the volume grow?
> Anyway, volume is steadily growiing, and there are some slow
periods(relative
> to what- the day session) but movement always picks up.
> I'll bet your night losses have to do with carrying over price movement
> assumptions from observations of the day session?
> I've taken the view that the night session is all together a "differnt
> market" and treat/trade it accordingly.
>
>
> Jon
>
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