Given the interest last month's article generated in the community, this month I tried to come up with a short term strategy that shares the same principles: price action only (no indicators), as simple as possible to trade (perfect for beginners and experienced traders alike), no ambiguity or subjectivity in it's rules, and, of course, reasonably profitable. This is a complete strategy, with entries, exits, money management and position sizing. ______________________________________► Time and volume in the Forex market Even though Forex is a 24-hour market, the volume traded is not the same all the time. The largest Forex trading centers are, in order, Europe/London, New York, and Asia/Tokyo, with the highest volume occurring when the London and New York sessions overlap (currently 13:00 to 17:00 GMT), even for currencies which are not native to these time zones, such as the Japanese yen, or the Australian dollar. On the other hand, the lowest volume (which usually leads to wider spreads and more erratic price moves and spikes) is seen after the close of the New York session (22:00 GMT), those two hours before Tokyo opens. So why is this information useful? Because any int…
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