Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

pieman

What Time of Day Do YOU Trade?

Recommended Posts

Hello all,

I have been wondering for a while now, what is the most favorable time of day to trade and why.

Having been a purchaser of many a system, a lot of them encourage people to trade on in the morning or not over lunch, or not on Friday afternoons or not on Fridays at all,

I was hoping to get some expressions of interest of the favorable times to trade.

I assume in the morning, before lunch, volatility can be quiet high, people are positioning themselves for market announcements, holding back, or trying to "guess what the news will do to a market". They could also just stay out of the market before and after and announcement, therefore limiting there possible trading time.

Also many systems don't trade over lunch (the so called dead hour).

Not trading in the last 30 minutes has also been heard of.

Could it be, that in the USA , people would like to just work in the morning, therefore be done trading by lunch, to spend the day by the beach or on their yachts etc etc lol.

Surely if you have a system that needs you to look at a PC all day long cant be a good system , or that it maybe, but its not a good life. Surely people get into day trading, to escape the pressure of going to work and to escape the work feeling etc.

If you could make a consistent 2 points per day per e mini contract, surely by multiply your contracts , it would be better to get in then out and enjoy your rest of your day.

I reside in Australia, the US markets currently open at 130 am to 8am, not a time i would consider favorable, at all, its hard on family and personal life (no matter how much money you make)

I would prefer to trade just the final 2 hours each day ie 6am to 8am, that way i have a definite finish point and not hanging around watching all day.

I also have the rest of the day to enjoy,(to spend on my yacht lol).

Would i be right to assume that afternoons, while still volatile, have more " consistency" to trends, as news is rare and market surprises are limited

Any thoughts would be greatly appreciated

regards

Anthony

Sydney, Australia

Share this post


Link to post
Share on other sites

To answer your question, in my case throughout the entire day. I have strategies that focus only on specific time zones. Let me explain.

 

I have a opening range strategy which I play only in the morning for a specific market. Then I have an evening session only strategy for the same market.

 

I also have a strategy for a different market throughout the morning and afternoon session. So different strategies apply to different time zones for different instruments.

 

The only time I do not establish a position is into the close from around 2:50pm to 3:10pm (close).

 

The above example strategies are based on technical patterns incorporating volume, open-close spread, and bear/bull control based off opening range. They consist of retracements, momentum, and reversals. This can come regardless of news. The above strategies are for the Japanese markets and different from the US because we have a lunch hour break when the markets close. As a result liquidity is present all throughout the session. (most of the time)

Share this post


Link to post
Share on other sites

liquidity and volatility are important. Most of these ideas like 'don't trade NY lunch' or 'don't trade Friday pm', are because those tend to be less liquid and have less range. In current conditions lunch times seem fine to me. You don't have to do hugely complex analysis just throw up an hourly chart (doesn't have to be hourly that's just an example) and notice when the long high volume bars tend to occur. Look at the shorter bars do they look long enough to provide trading opportunities for you?

 

As BB says take a look at Europe & maybe Asia too.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.