Why does the CL seem to be trending better overnight? | Traders Hideout

futures.io - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Why does the CL seem to be trending better overnight?

  #5 (permalink)

Tampa FL
Trading Experience: Advanced
Platform: Sierra Charts/TOS
Broker/Data: Future Path/TDA/S5
Favorite Futures: Futures/Cryptos
CenFlo's Avatar
Posts: 627 since Apr 2016
Thanks: 790 given, 914 received

jeffro View Post
I've wondered this as well and it's not just CL. One possibility is, there are less professionals trading after hours. Professionals generally have larger trading accounts, and seem to trade multiple batches for smaller moves, with all kinds of different trading tactics - which can cause choppy conditions.

Amateurs tend to have more of a follow the herd mentality, which causes more trend type behavior.

But like I said, this is just a possibility.

Good reply and explanation.

Also, ETH will have more Algos / Bots (in ratio to human traders) that are trading in an automated fashion with little human interaction.

You miss 100% of the shots you don't take. - Wayne Gretsky
Follow me on Twitter Reply With Quote