Minutes,hours,days,does it make a difference.
Oct 09, 2015 at 20:08
Vistas 664
7 Replies
Miembro desde Sep 12, 2015
posts 1948
Oct 09, 2015 at 20:08
Is there any research backing the best times to trade,there is free basic stats on the net.Here is what ive found that is of any use,do we want to be active when the large instuitions and banks are setting up their trades for the day,are positions being closed out of during lunch breaks,certain months of the year are better for trading oct,nov,dec,jan,feb,march in a steady market .we can check historical price movements on any product using Excel ,looking at end of month patterns is there any noticeable increase in volume ,of course this is no prediction of what the future is going to do.But we can see if this pattern is playing out on the lead up too.I want to be taking a trade when there is strong support in a certain direction.
Be lucky.
Be lucky.
"They mistook leverage with genius".
Miembro desde May 18, 2015
posts 118
Oct 10, 2015 at 07:26
If you concern yourself with what Months are best to trade, then the reality is you won´t get very far in forex. Simply look at what most people say or better yet Do in forex, and it will be clear to see why most of us lose. People trade or take positions based on what they believe the market will do, instead of what it is actually doing. Large institutions don´t set up trades, but what they do is actually make trades which causes the market to shift as we see it day in and day out. Big institutions don´t pick tops or bottoms, nor do they look at higher tf to see where the market is going. We ignore the basic principle of currency trading which is supply and demand which is why we lose more then we win.
If you want to take a position when their is strong support in a certain direction, then you need to study price action and the different patterns which basically assures you where the next 10 -50 pips will go.
If you want to take a position when their is strong support in a certain direction, then you need to study price action and the different patterns which basically assures you where the next 10 -50 pips will go.
My avatar explains "social trading" perfectly.
Miembro desde Sep 12, 2015
posts 1948
Oct 17, 2015 at 15:44
That's funny because my friend ,former Goldman sacks trader was just telling me about a trade he's setting up,I can even give you the details if you want.I don't know what way they trade in your country.
we have a saying'you can lead a horse to water but you can't make him drink'.
we have a saying'you can lead a horse to water but you can't make him drink'.
"They mistook leverage with genius".
Miembro desde Nov 01, 2011
posts 41
Oct 17, 2015 at 23:54
The best time to trade is when you see price reject off high volume nodes. As your friend can tell you the big banks have to get positioned with Billions of dollars. That takes liquidity and volume. I trade based on the reactions of the market off these levels. You can find these trades during almost any regular market session. Of course the two best markets are the EU and USA sessions. I have taken trades all last week during the Aussie and Asian sessions crossover with great success.
My suggestion, stop trying to micro focus and pay attention to what matters......volume and price action.
My suggestion, stop trying to micro focus and pay attention to what matters......volume and price action.
Miembro desde Sep 12, 2015
posts 1948
Oct 18, 2015 at 13:44
I do that as well during the European session ,mostly scalping the eur/usd ,thanks for your input ,I used to trade the DAX and Eur at work my two favourites.
Be lucky
Be lucky
"They mistook leverage with genius".
Miembro desde Oct 08, 2015
posts 8
Oct 19, 2015 at 06:06
3 am out 10:am pacific time less consolidation of course opportunity is everywhere consider it conservative, other times opportunistic. Plus keep a journal when are you winning. Also demo should have improved your entry exit and timing keep demo its free.
Miembro desde Feb 22, 2011
posts 4862
Oct 19, 2015 at 09:02
snapdragon1970 posted:
Is there any research backing the best times to trade,there is free basic stats on the net.Here is what ive found that is of any use,do we want to be active when the large instuitions and banks are setting up their trades for the day,are positions being closed out of during lunch breaks,certain months of the year are better for trading oct,nov,dec,jan,feb,march in a steady market .we can check historical price movements on any product using Excel ,looking at end of month patterns is there any noticeable increase in volume ,of course this is no prediction of what the future is going to do.But we can see if this pattern is playing out on the lead up too.I want to be taking a trade when there is strong support in a certain direction.
Be lucky.
Observe the market and you will see the beauty of it like when everyone takes a lunch around same time:)
Miembro desde Sep 12, 2015
posts 1948
Oct 19, 2015 at 13:52
There's an interesting report by Francis breedon,data on Fx from the Swiss national bank.
Eur/usd was doing some nice trending last week,bollinger band and psar,bouncing off extremes.
Be lucky!
Eur/usd was doing some nice trending last week,bollinger band and psar,bouncing off extremes.
Be lucky!
"They mistook leverage with genius".
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