SaSoForex
- Thread starter sasoforex
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sasoforex
Private
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Trading System & Forex Market Hours: When to Trade, Currency to Trade.
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.
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.
Last edited:
kenoseiasare
Recruit
- Messages
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Hello Saka,
I just added u to my yahoo chat. Would like us to be forex friends...
I just added u to my yahoo chat. Would like us to be forex friends...
sasoforex
Private
- Messages
- 10
US Dollar Plunges Into Oversold Levels, Signals Potential for Reversal
***************************************
AM VERY SORRY FOR NOT UPDATING THIS THREAD AM SOME HOW BUSY WITH MAKING PIPS...HOPE WILL MAKE IT TOGETHER.
****************************************
THIS IS THE OUTLOOK OF THE MARKET FOR USD
========================================
The US dollar was easily the weakest of the majors last week, which was interesting in light of the fact that US equities and the CBOE’s VIX volatility index ended virtually unchanged, albeit with some rocky price action in between. Indeed, if there were any signs that US assets were losing their status of “safe havens,” it was this: After Standard & Poor’s downgraded the outlook for the UK from “stable” to “negative” due to their “deteriorating public finances,” ballooning national debt in the US spurred speculation that the same could happen to their economic outlook, if not their long-term credit rating altogether. In fact, the US dollar decline was in lockstep with a plunge in Treasury prices, highlighting a drop in demand for all things dollar-related. However, given the extent of the greenback’s decline, this coming week should be very interesting. Will the US dollar go back to trading in line with risk trends, gaining with other low-yielding currencies, or will it trade as the one of the “riskiest” assets out there? Since the DXY index is well into oversold levels, technical factors suggest that the dollar could bottom in the near-term. As they say though, “the trend is your friend,” so traders should be cautious.
This week’s US economic calendar is chocked full of releases. On Tuesday, the Conference Board’s consumer confidence index for the month of May is forecasted to continue rising from its record low of 25.3 reached in February up to 43.0. With record keeping having begun in 1967, the steady plunge in sentiment from the 2007 highs of 111.90 makes the extent of the recession especially clear.
On Wednesday, the National Association of Realtors (NAR) is anticipated to report that existing home sales rose 2.0 percent in April to an annual pace of 4.66 million from 4.57 million. However, there are indications that the results could prove to be disappointing as the Commerce Department reported on May 19 that housing starts plunged by 12.8 percent during the month of April, and a whopping 54.2 percent from a year earlier, to a record low annual pace of 458,000.
On Thursday, the release of US durable goods orders are projected to show that domestic demand may have increased slightly at the start of Q2, as they are forecasted to have risen 0.5 percent in April, but excluding transportation the index is anticipated to fall 0.3 percent. While the headline result will have the most impact on forex trading, the markets should keep an eye on non-defense capital goods orders excluding aircraft, as this number serves as a leading indicator for business investment. The three-month annualized figures remain deeply negative, but the monthly component has improved over the past two months and a continuation of this dynamic would be supportive of outlooks for a slow recovery in the US economy.
Finally, on Friday, the second round of US Q1 GDP estimates are due to hit the wires, and the results could be market-moving. The preliminary reading is forecasted to be revised up to -5.5 percent from -6.1 percent, which also marks an improvement when compared to the Q4 2008 result of -6.3 percent. There is some evidence that revisions will be to the downside, though. First, the US trade deficit widened for the first time in eight months during March by 5.5 percent to $27.6 billion. A breakdown of the report showed that exports slumped 2.4 percent to a more than two-year low of $123.62 billion while imports fell 1.0 percent to $151.196 billion. According to Bloomberg News, the Commerce Department used a much larger increase in exports when calculating Q1 GDP, suggesting that initial estimates of a 6.1 percent annual contraction may have been optimistic. Also, personal consumption is forecasted to be adjusted to 2.0 percent from 2.2 percent after March advance retail sales were revised down to -1.3 percent from -1.1 percent. – TB
POWERED BY DailyFx
***************************************
AM VERY SORRY FOR NOT UPDATING THIS THREAD AM SOME HOW BUSY WITH MAKING PIPS...HOPE WILL MAKE IT TOGETHER.
****************************************
THIS IS THE OUTLOOK OF THE MARKET FOR USD
========================================
The US dollar was easily the weakest of the majors last week, which was interesting in light of the fact that US equities and the CBOE’s VIX volatility index ended virtually unchanged, albeit with some rocky price action in between. Indeed, if there were any signs that US assets were losing their status of “safe havens,” it was this: After Standard & Poor’s downgraded the outlook for the UK from “stable” to “negative” due to their “deteriorating public finances,” ballooning national debt in the US spurred speculation that the same could happen to their economic outlook, if not their long-term credit rating altogether. In fact, the US dollar decline was in lockstep with a plunge in Treasury prices, highlighting a drop in demand for all things dollar-related. However, given the extent of the greenback’s decline, this coming week should be very interesting. Will the US dollar go back to trading in line with risk trends, gaining with other low-yielding currencies, or will it trade as the one of the “riskiest” assets out there? Since the DXY index is well into oversold levels, technical factors suggest that the dollar could bottom in the near-term. As they say though, “the trend is your friend,” so traders should be cautious.
This week’s US economic calendar is chocked full of releases. On Tuesday, the Conference Board’s consumer confidence index for the month of May is forecasted to continue rising from its record low of 25.3 reached in February up to 43.0. With record keeping having begun in 1967, the steady plunge in sentiment from the 2007 highs of 111.90 makes the extent of the recession especially clear.
On Wednesday, the National Association of Realtors (NAR) is anticipated to report that existing home sales rose 2.0 percent in April to an annual pace of 4.66 million from 4.57 million. However, there are indications that the results could prove to be disappointing as the Commerce Department reported on May 19 that housing starts plunged by 12.8 percent during the month of April, and a whopping 54.2 percent from a year earlier, to a record low annual pace of 458,000.
On Thursday, the release of US durable goods orders are projected to show that domestic demand may have increased slightly at the start of Q2, as they are forecasted to have risen 0.5 percent in April, but excluding transportation the index is anticipated to fall 0.3 percent. While the headline result will have the most impact on forex trading, the markets should keep an eye on non-defense capital goods orders excluding aircraft, as this number serves as a leading indicator for business investment. The three-month annualized figures remain deeply negative, but the monthly component has improved over the past two months and a continuation of this dynamic would be supportive of outlooks for a slow recovery in the US economy.
Finally, on Friday, the second round of US Q1 GDP estimates are due to hit the wires, and the results could be market-moving. The preliminary reading is forecasted to be revised up to -5.5 percent from -6.1 percent, which also marks an improvement when compared to the Q4 2008 result of -6.3 percent. There is some evidence that revisions will be to the downside, though. First, the US trade deficit widened for the first time in eight months during March by 5.5 percent to $27.6 billion. A breakdown of the report showed that exports slumped 2.4 percent to a more than two-year low of $123.62 billion while imports fell 1.0 percent to $151.196 billion. According to Bloomberg News, the Commerce Department used a much larger increase in exports when calculating Q1 GDP, suggesting that initial estimates of a 6.1 percent annual contraction may have been optimistic. Also, personal consumption is forecasted to be adjusted to 2.0 percent from 2.2 percent after March advance retail sales were revised down to -1.3 percent from -1.1 percent. – TB
POWERED BY DailyFx
Last edited:
ernest8fingers
Master Sergeant
- Messages
- 488
lonely trader
What about me? I need friends too!
:
What about me? I need friends too!
:
cowmadagan
Sergeant
- Messages
- 393
fingers...buddy....I know you live in California, so you need to know something.
Green is not a primary color, so you don't need green to make green.
(especially the sticky kind to make the paper kind)
Green is not a primary color, so you don't need green to make green.
(especially the sticky kind to make the paper kind)
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