I'M FINDING I CAN BE MORE CONSISTENT TRADING THE AM ONLY (NEW YORK TIME)VS TRADING BOTH SESSIONS - AM AND AFTERNOON.ALSO FINDING IT BETTER TO JUST WALK AWAY FOR THE DAY AFTER A GOOD AM. WHAT IS YOUR EXPERIENCE?
A long time ago I used to be totally confused by the AM action and only traded after the first hour of trade, but then I realized that if you come into the day with a game plan and look at the previous day's trading as well as the overnight action, it gives you a much better chance of profitably trading the morning market. I make most of my bones now in the first 90 min of trade. The afternoon trade to me is a lot of noise unless there is a strong trend or big volatility. So probably 8-9 times out of 10, it is noise.