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I also noticed that when I was starting to design my strategy: working at about a 145->215 EST start and dont start any trade after 520 ... kill any runner after 530 when it starts going the wrong way or stalls. I tend to agree on the lunch/nap time for the UK traders.
Yes, opened a separate thread in the Elite-Section, where I display the results for other contracts. Still testing the indie (coded it this afternoon), but will make it available, once I am sure that it works correctly.
Its the backbone of many theories about the elusive " big guys " . VSA and Tom Williams influenced me a lot and when you see evidence in afterhours its believable .
If you look at the volume analysis below, the story is different. The pre-market volume is insignificant, so most of the big players do not position themselves pre-market. Anyhow, the guys are not working during night!
I think that the big players wait for the noise to settle down after the market open. And if they position themselves for the next session they do so during the last hour of the previous session. This also explains some of the nice trends that develop after 3:00 PM EST and that carry over into the next day.
The night session mostly shows rangebound activity, and if the European Session trends away, it usually - but not always - retraces back to the US close of the prior day.
Only 1 signal today + 16 pips . I have been qualifying a " flashing " trend change condition as valid , like the one today after the 0900 bar closed when the trend changed from bullish to bearish . Didnt take a rocket scientist to figure out the bears were piling in anyway .
I agree . I would tend to believe that there are levels to which the big players want to push price before pulling the rug out to unwind while price is supported . Big volume spikes at major levels are surely the work of institutionals and thats where the trapped little guys are . They want to tease the breakout traders into buying the top and selling the bottom so surely theres no choice for them but bail out because they cant hold on to the next support or resistance level far away imho .