choosing a pair
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newark18
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choosing a pair
I have many currency pair options when I trade during the morning hours because there is a lot of volume everywhere. But once 12pm est hits, the volume drops off considerably. What do you trade from 12pm est to 12am est? I just want to get an idea of which currency pairs are worth trading at different times. Thanks.
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bredin
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TRO_plot?
I think thats the one that can be used to plot info like that.
as to the first question, during the asain session you could trade EJ, GJ, AJ or EA, all of which have ok movement at that time of day. Id say EN as well but the spread might be too high for you
G.
I think thats the one that can be used to plot info like that.
as to the first question, during the asain session you could trade EJ, GJ, AJ or EA, all of which have ok movement at that time of day. Id say EN as well but the spread might be too high for you
G.
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Patch
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newark18
It sounds like you are in the EST zone. I suggest you put your line in the water when the fish are hungry. Just because you or I want to trade, doesn't mean it is a good time to be fishing. You get a couple hours in the morning, then the lunch break, then a couple hours leading to the NY close. Three hours later Tokyo opens.
If you try to fish when the fish aren't biting you will lose your bait nearly every time.
Patch
InVA
EDT
It sounds like you are in the EST zone. I suggest you put your line in the water when the fish are hungry. Just because you or I want to trade, doesn't mean it is a good time to be fishing. You get a couple hours in the morning, then the lunch break, then a couple hours leading to the NY close. Three hours later Tokyo opens.
If you try to fish when the fish aren't biting you will lose your bait nearly every time.
Patch
InVA
EDT
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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bredin
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patch is right,
dont trade "the gap" between NY close and T open.
G.
dont trade "the gap" between NY close and T open.
G.
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Patch
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newark18
From the looks of it you are in the Eastern Time Zone. I don't recall the volume though there is often good movement in the 7-8am EST or now EDT.
I like the GBPUSD also because it tends to trend a lot. With the London overlap with New York, look at Eur, Gbp, Usd kinda pairs. In the evening look at yen pairs. If you want to be a zombie trade the London Open at 3am.
Patch
On Time
InVA
From the looks of it you are in the Eastern Time Zone. I don't recall the volume though there is often good movement in the 7-8am EST or now EDT.
I like the GBPUSD also because it tends to trend a lot. With the London overlap with New York, look at Eur, Gbp, Usd kinda pairs. In the evening look at yen pairs. If you want to be a zombie trade the London Open at 3am.
Patch
On Time
InVA
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ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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