Why 1:30 PM CBOE time is not a good time to trade | Forex Factory

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Why 1:30 PM CBOE time is not a good time to trade

  • #1
  • First Post: Edited Jan 27, 2023 6:02pm Jun 30, 2022 1:50pm | Edited Jan 27, 2023 6:02pm
000
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #2
  • Edited Jul 1, 2022 5:24am Jun 30, 2022 4:46pm | Edited Jul 1, 2022 5:24am
Traders

I wouldn’t read this thread, all he wants to do is offer

HIS OPINIONS WHICH ARE INCORRECT

He is a key board warrior who actually believes his own bs.

He doesn’t understand the components of liquidity but does like using the ignore button.

Best of luck to H13

PS. The prime level depth information you subscribe to you is is flawed, 40% is fake information designed to offset Algo settings.
What you should be looking at is current Bids & Asks Ratios to determine whether it is stronger than current liquidity. Once you establish liquidity density, you can use the ratio to decide on directional Bias.

Liquidity levels mean nothing unless you understand imbalance readings from data that flows through the exchange NOW - not liquidity information thats old.

Lastly, you edited your first post to hide the fact you don't know what causes directional movement - thats embrassing.
Also the fact that you ignored me shows me yo are not open minded - you want your opinion to be gosabel.
Maybe its you who is uninformed - think about it
Trading thin liquidity at the boundary of the charts
  • #3
  • Jun 30, 2022 7:33pm Jun 30, 2022 7:33pm
Quoting RickM
{quote} Hi H13 I see it differently. Directional movement is the balance of executed market orders overwhelming passive limit orders. You need traders to open market orders in in a ratio no less than 3 to 1 before a trend is created, at the time you talk about - many traders are at lunch. It’s got nothing to do with larger players not trading, the mass of smaller traders can destroy any large players if they are trading in unison. They just don’t most of the time and not at 1.30. Therefore it’s just lack of urgency in reality. I get sick and tired...

I subscribe to prime level depth and am speaking from experience.

You apt to your own opinions and they are wrong. There's many nuances to liquidity and how it effects price that people like you just don't know.

Regardless I'm not here to convince anyone and argue with uninformed idealist.

My post is for open minded people that want to pick up a tip.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #4
  • Jul 1, 2022 4:06am Jul 1, 2022 4:06am
Quoting H13
If you'll notice all pairs are going sideways. People will say that's because there's no liquidity...that's not wholly true.
But why you can't just analyze the liquidity data for selected period? Then we can say if there were liquidity or not.
Without any data this is just a guesswork.

For example people think that NEWS time are so volatile because of volume. That is not true. In most cases it is so volatile because of no liquidity. People decide to stay away from red news and there are no traders on the market. So it is much easier and cheaper for the big player to push the price to sl level to trigger cascade stops running in their favor.
Observer effect
  • #5
  • Jul 1, 2022 8:15am Jul 1, 2022 8:15am
Quoting H13
If you'll notice all pairs are going sideways. People will say that's because there's no liquidity...that's not wholly true. If you're quite new to trading you've heard the market is "trading sideways". People like to say that, but don't know what it really means...these kinds of things are fundamentals of a good foundation to trading FX. Back to liquidity: There is an ample amount of liquidity, but the kind that at this particular time of day -1:30pm chicago board of exchange time- is PROPPING up or SUPPRESSING down the market from moving. A pattern...
If i understood well the timezone you talking about (13.30 UTC-5 right?)
I don't think it is necessarily true. It can happens sometimes due to the fact that European traders may be already out of the market and USA traders probably already made their moves and don't want to play anymore but other times you can see some nice moves at that time.

Your statement sounds a bit like when people say: "Avoid Asian session because there is low liquidity".
Instead almost every day i can see the most smooth and clean moves during asian session with very low "noise". I wish it was the same for other sessions, in fact i may plan to move to some asian country in the future
  • #6
  • Edited 2:39pm Jul 1, 2022 11:28am | Edited 2:39pm
Quoting ryuryu
{quote} But why you can't just analyze the liquidity data for selected period? Then we can say if there were liquidity or not. Without any data this is just a guesswork. For example people think that NEWS time are so volatile because of volume. That is not true. In most cases it is so volatile because of no liquidity. People decide to stay away from red news and there are no traders on the market. So it is much easier and cheaper for the big player to push the price to sl level to trigger cascade stops running in their favor.
Liquidity in terms of market making is not cut and dry, it's an entire industry. Also, the forex market is dissimilar than the equities in that respect. Retail traders' ideas of it are predominantly hearsay or layman's knowledge at best.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #7
  • Jul 1, 2022 11:30am Jul 1, 2022 11:30am
Quoting jojofx
{quote} If i understood well the timezone you talking about (13.30 UTC-5 right?) I don't think it is necessarily true. It can happens sometimes due to the fact that European traders may be already out of the market and USA traders probably already made their moves and don't want to play anymore but other times you can see some nice moves at that time. Your statement sounds a bit like when people say: "Avoid Asian session because there is low liquidity". Instead almost every day i can see the most smooth and clean moves during asian session with...
I think you took the post out of context.

As the last sentence stated, it goes with all sessions.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #8
  • Jul 1, 2022 11:49am Jul 1, 2022 11:49am
Quoting H13
{quote} I think you took the post out of context. As the last sentence stated, it goes with all sessions.
I think that your dreams about liquidity and volume on forex are based on nothing. And in your first message you have posted 167 words 1,016 characters of nonsense.
Better if you just COUNT the volume, compare it and then post well prepared post with good analysis. May be even with charts. It is easy to do, for example, in excel. And then you will see how it works very clear without any guesswork and poor statements.
Observer effect
  • #9
  • Last Post: Jul 1, 2022 2:35pm Jul 1, 2022 2:35pm
Quoting ryuryu
{quote} I think that your dreams about liquidity and volume on forex are based on nothing. And in your first message you have posted 167 words 1,016 characters of nonsense. Better if you just COUNT the volume, compare it and then post well prepared post with good analysis. May be even with charts. It is easy to do, for example, in excel. And then you will see how it works very clear without any guesswork and poor statements.
Volume in your feed is tick volume and nothing more. I would explain if you seemed like a serious trader.

If your excel sheets make you money that's good for you. Data entry is not my thing, I'm a trader. No thank you.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
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