Hello Traders,
Welcome once again to this Tread I will like to share with you some trading system and forex market hours: when to trade, the currency to trade and when not to.
TRADING SYSTEM:
• 5 EMA applied to the close
• 10 EMA applied to the Close
• Stochastic (10, 3, 3)
• RSI (14)
METHOD
Entry Rule:
BUY SIGNAL
Buy when the 5 EMA Crosses above the 10 EMA and Both Stochastic Lines are heading up and the RSI is greater than 50
SELL SIGNAL
Sell when the 5 EMA Crosses below the 10 EMA and Both Stochastic Lines are heading down and the RSI is less than 50
TAKE PROFIT
1. Take Profit when the 5 EMA crosses the 10 EMA in the opposite
direction of your trade.
2. RSI Crosses back to 50
FOREX MARKET HOURS.
When to trade, The Currency to trade and when not to
Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time — turn off your computer and don't even bother!
Region City Open (GMT) Close (GMT)
Europe London 8:00 am 5:00 pm
Frankfurt 7 :00 am 4:00 pm
America New York 1:00 pm 10:00 pm
Chicago 2:00 pm 11:00 pm
Asia Tokyo midnight 9:00 am
Hong Kong 1:00 am 10:00 am
Pacific Sydney 10:00 pm 7:00 am
Wellington 10:00 pm 6:00 am
For example, trading EUR/USD, GBP/USD currency pairs would give good results between 1:00 pm and 5:00 pm GMT when two markets for those currencies are active.
We have made it easy for everyone to monitor forex trading hours sessions while being anywhere in the world:
During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement.
Below are Forex market sessions and examples of the most active currency pairs:
London/ New York sessions:
EUR/USD
USD/CHF
GBP/USD
Tokyo/Sydney sessions:
EUR/JPY
AUD/USD
USD/JPY
AUD/JPY
Sydney session:
AUD/USD
EUR/USD
During the week the most active Forex trading days are: Tuesday, Wednesday and Thursday. Sundays (opening) and Mondays are days when traders are mostly watching and analyzing the market and predict further price moves. Fridays are traded approximately till noon, after that all actions slow down and almost freeze before the actual market closing at 10:00 pm GMT.
For More Info :
You can reply the Post
Or send it to
sasogoldmaker@gmail.com
2348069256144, 23412130212
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Skype: sasogoldmaker
Wish you a Successful Trading.
Best regards,
Saka Opeyemi (sasoforex)