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We're always hearing that during lunch time markets become much more quiet.
My question is, which lunch time, Chicago or New York?
What is usually the lunch length period? 30 minutes? 60 minutes? 120 minutes?
If you merge Chicago and New York lunch periods and you establish a period of 60 minutes you end up having 120 minutes, between 11am and 1pm (Chicago time).
If I become half a percent smarter each year, I'll be a genius by the time I die
Can you help answer these questions from other members on NexusFi?
Bots are now most of the volume in the markets and they don't eat lunch. So I don't think there is really any difference in lunchtime activity like in the old days.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Although I agree with your statement there are days where midday you just fell asleep looking at the market. Look at ES for the last 30 minutes or even 60 minutes. On these days I've been saying that this is due to lunch time but then you have those days where you have really nice tradable swings at this same period.
May the bots also have lunch from time to time
If I become half a percent smarter each year, I'll be a genius by the time I die
When I first started in the markets, lunch time was a big deal .... but then again... back then you had to call your broker to place a trade ... and if you wanted to see intraday prices.... you drove over to his office to watch the streaming stock ticker ... and you could impress your friends by reading the Stock Market section of the Wall Street Journal in front of them....
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"