I took this question a little bit differently as our league is very active with trading and we all like to trade draft picks as well. This is also referencing a 12 team league. From a static draft point, I would either want one of the first 2 picks this year or one of the last 2 picks in the first round. To me, you take ADP/MJD up front or a solid RB and top tier WR at the back end with your first 2 picks.
But in our league with trading, I went a different route. The first round stays the same but from a value point of view, I'd say to trade down to the end of the 1st. Then in the 2nd round, I'd want one of the first 4 picks. After that, I'd personally be trading off any mid 2nd to mid 3rd round picks as the value there is a huge log jam to me in an effort to stock up on more late 3rd and 4th round picks where I feel serious value can be had.
As an example in a 12 team league this year after a few trades, I currently have the following picks for the first 10 rounds. 1.11-2.04-3.09-4.02-4.04-5.05-7.05-8.08-9.11-10.08. And I did this starting off with the 5th overall pick in a traditional alternating draft setup.
My Playoff Team - Please Comment
MSchaub, DMcNabb, JFreeman, KKolb
SJackson, THightower, CWells, JForsett, JSnelling, CJennings, QGanther
RWayne, RMoss, RMeachem, MCrabtree, DBowe