relative volume during the day: whether we're probable to become much travail or real trivial depends crucially on the grade of participation of large traders inwards that market.
I decided to illustrate this amongst a dissimilar market: USO, the crude ETF. Notice (top chart) how the average daily high-low attain has been cutting close inwards one-half during 2009. That's one-half the movement--and for active traders, one-half the opportunity--over the assort of only a few months.
Now produce got a aspect at what's happened to book (bottom chart): that, too, has been cutting past times to a greater extent than than half.
If the institutions are non actively participating inwards your market, your market--on average--won't last active. Adapting to this reality past times either trading other symbols/markets or past times adjusting one's expectations for the slower marketplace position is an essential constituent of trading success.
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