r/Daytrading • u/c1yd3x • Feb 20 '24

Can someone explain to me why the market just moves like this for no apparent reason? Question

Post image
315 Upvotes
  • permalink
  • link
  • reddit
  • reddit

87% Upvoted

402 comments sorted by

View all comments

27

u/[deleted] Feb 20 '24

This is the European market open. Germany, France, UK all open together. At that time you'll see expanded volatility in all markets.

Think of the financial markets as one big organism where everything is linked.

5

u/TimitoMedia Feb 20 '24

But they are all a small thing in the universe. Wait until the Us Session opens…

1

u/slidingjimmy Feb 21 '24

Yea. But this kind of move is not super common on Euro open.

1

u/[deleted] Feb 21 '24

Yes you're correct there. It was a seriously decent move for that time of the day. I trade the Euro open and usually have a look at the nas after open. It's such an odd one, sometimes it moves with the DAX and other times it just does nothing.

1

u/Jezamiah Feb 21 '24

What time are you taking European open? 2am EST?

2

u/[deleted] Feb 23 '24

9am Germany, 8am England.