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Although Forex markets are open 24/7 there are certain periods of increased activity. These periods occur within working hours of different equity markets across the globe. And increased activity in Forex market reflects capital flows between all the financial markets of the world. By analyzing these periods separately trader can get additional understanding about sentiment and market direction changes which doesn't occur in charts, displayed using traditional time frames like D1 and H4. The problem with medium-term time frames, like daily (D1) and four hours (H4) is that these are calculated differently according to different time zones. I‘ve seen professional analysts/traders display their analysis with three different time zone settings for H4 time frame: GMT, EST and DST (GMT+1). Because Forex is not centralized, for every trader is up to him self to decide how to set up H4 and D1 chart to align with one of the main sessions: Tokyo, London or New York.So every time when I see a red H4 „spinner“ on the top of the swing – I‘m not in a hurry to place short orders . I‘m always checking other H4 or D1 settings (usually I check EST time zone as my trading platform is aligned with GMT…
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PPandM avatar
PPandM 30 Oct.

Nice article, good luck! +1

Likerty avatar
Likerty 6 Nov.

Daylight saving time was applied last week so now European and North american session hours changed GMT: European from 8:00 till 16:30 and North American: 14:30 till 21:00

Likerty avatar
Likerty 6 Nov.

And GMT H4 time frame candles makes more sense now as these align with European opening and with Tokyo

Likerty avatar
Likerty 14 Dec.

For any additional questions/suggestions please contact me via twitter - twitter.com/VienasEdvinas

velldes avatar
velldes 13 Sep.

Nice article. Inspired to create new "Trading Sessions or Market Hours" indicator in JStore
or read about it in my blog http://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=4705

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Introduction  Generally Speaking, the forex market are great and superb as they are open all the time and provides an excellent opportunity for traders with wide range of currencies to choose from and to trade 24hours a day.As the forex Market is open round the clock,it brings up an important question to our mind as when to trade, what to trade, and what forex session to trade in order to get secure profit and minimize lossess.             Every trader has his own perception about trading sessions , some like to trade European session and other see the American session useful due to great volume and votality.But the Asian session too has its advantages, I would like to unfold some of them. And you can judge better as they are good or bad as Asian session is often considered as slower and is often described as watching the paint dry as it has less volume, less votality .Besides this it is ranging and chooppy market with less amount of pips comparativly.And traders have to wait for long  as it is called slower session .The only currency that has noteworthy activity is the jpy and this activity is often slow unless a major financial news or event happens. Ben…
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adask avatar
adask 17 Aug.

Good article. I have noticed almost the same things about Asia session. And I use it for my Europe session trading. Good luck!

schnitzel avatar
schnitzel 18 Aug.

Thanks for this interesting article. I analyzed the 24 hour market statistically and this might be a good aricle to continue reading: http://www.dukascopy.com/fxcomm/fx-article-contest/?action=read&article=Liquidity-Flow-In-The-Fx&id=31

ritesh avatar
ritesh 25 Aug.

Asian session usually witnesses start of major moves in currency markets (based on weekly chart). +1 for the nice article my dear friend.

ritesh avatar
ritesh 28 Aug.

check out my articles too at http://www.dukascopy.com/fxcomm/fx-article-contest/?action=blog&user=ritesh

LinnuxFX avatar
LinnuxFX 29 Aug.

Good article about asian session, vote for mine here:
http://tiny.cc/m74j4

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