You are absolutely right. Nobody in their right mind should trade those hours. I am not disputing your view, I totally agree with you. I was just trying to understand what goes on behind the scene, which you have now explained very clearly. Many thanks.
i have very little data to base my idea on but found the 8 and 9am pst had the largest volume and occasionally 1am - 4am est i put it down to the europeans finishing trading for the day, 8 for the continentals and 9 for those in the uk
BTW Eprado, I'll make it a point to read all your posts from now on. I know a real trader when I see one.
Thanks. There are a bunch of guys on here who do trade/have something to say worth reading. Just have to weed through most of the bullshit to find em. I usually PM to the guys I want to talk trading with. Otherwise this place is mostly populated by idiots.
If the market dies during the mid-day hours, then would it not be wise to fade the mid day movements???? Walt
Yes..right now that is most likely a good strategy. There is no follow through. All you need to do is look at todays SP action.