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


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Why does the CL seem to be trending better overnight?

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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.

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