I have spent a lot of time researching when are the very best times of day to trade various markets. Forex or futures - it always amazes me how different the results can be, literally at times hour by hour.
I've seen trade results double, or fall into the red just by moving from one hour to the next.
I'm curious if any of you experience the same?
Of course most of us who trade actively no some basics like ignoring lunch hours, or low volume, but I think it goes deeper than that.
For example, in my forex trading I used to start earlier for the U.S. session, as early as 7am EST (New York) but have realized after analyzing reams of results, good and bad, that I do much better starting more like 9:30am EST -- and I can actually trade less time and make more - quite a concept
I'd say 9:30am - 11:30am EST might be the sweet spot for me. Now, that could vary by market but mostly thinking markets like GBPUSD, EURUSD and possibly USDJPY. I do not day trade pairs with wide spreads like a GBPJPY.
European hours I'm less sure -- 1am - 5am EST is the general range but I think the same can be said here -- why waste all that time if we can work on focusing on the best 60 -90 minutes.
I learned similar when I trade Crude Oil Futures - I used to way overtrade.
Curious if any of you have had similar experiences our outcomes?