Daily Cycles - am I crazy? (6am-2pm theory)

Beginner Questions
1

Hello fellow traders,

I would like to pick your brains on a topic that annoys me a bit, but it seems too consistent to ignore.

I have noticed that (in most days) my positions have a steady fluctuation during the day(s).

  • at 10pm GMT (5pm ET) are at X.
  • at 6am GMT my positions are on X+5% (smiling all around)
  • at around 2pm I check my positions again and I find them to be on X-15% (what the what?)
  • at 10pm GMT (5pm ET) I find my positions to be on X±Y% (where Y% is positive or negative depending on the sum of changes)

I was calling this the 6am-2pm theory. A friend was laughing until I asked him to track the floating PnL, and he was shocked to see the “coincidence”.

Has anyone else spotted a similar “6am-2pm” pattern?

Most of my positions are multi-day swings, so I don’t care to close until my 7-14 EMAs tell me so.

I have found this image, which kinda makes sense/corroborates my “6am-2pm” theory, but I prefer your inputs over some random image from the internet!

The Daily Cycle - Copy.JPG900×547 83.2 KB

2

Interesting little observatiomnthere pippy :sunglasses:

These are exactly the sort of correlations which will keep you alive in this filthy pit of greed and deception ! :relaxed:

1 Like
3

@pipswinger Interesting Reading…

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4

Yey!! I AM NOT CRAZY!!!
I can now remove the tinfoil hat, study that PDF and try on my demo account to set up and reverse some trades.

(hours in GMT)

For anyone who is reading this, I will do the following:

  • I will select 5 pairs (major)
  • at 10pm on Tuesday I will set up TWO trades (two trades for each pair),1 lot each.
  • the pairs will be like XXX/YYY_A and XXX/YYY_B (I will add comments)
  • the XXX/YYY_A will be the control trade
    *the XXX/YYY_B will be the test pair
  • at 6am on Wednesday I will close the XXX/YYY_B and open it in reverese
  • then I will let them both run, and at 2pm I will close the XXX/YYY_B and re-open it in the right direction
  • at 10pm on Wednesday I will make the comparison.

I will be doing this Tue-Wed as Fri & Mon are insane days :slight_smile:

I will come back and share the results/screenshots.

@Trendswithbenefits I really appreciate your input! Thank you!

2 Likes
5

Bro, I think you need think bit harder than.

First remove that tinfoil hat. You need to see with eyes wide open. Then think about it

We are speculating on price variations of an underlying asset - cash. Cold hard folding cash. See cash think banks. Big banks. Mind blowing huge banks. Trading cash. Lots of it. Mind blowing stupidly huge amounts. And the people that do it get equally stupid remuneration. Now, these people ain’t going to be at work at 10pm. Nor at 3 or 4am. They get out of bed at 7, commute at 8, sit down at their desk at 9. Work for an hour or two, switch the algros on, then it’s of to smoko followed by team meetings for the rest of the day. Home by 5.

Now line up your times.

6

@pipswinger It’s a bit like Fibonacci… (I don’t believe or use) overlay a Fibonacci Retracement on a Chart and a lot of “coincidences” appear…

Which City Bob?..What time zones is all this happening?..London…New York…Tokyo…

It’s only a guide, nothing more…