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Old 08-21-2008, 11:15 PM
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Join Date: Jun 2008
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Default The Evening markets are quiet these past few days

Sitting here checking out a dozen pairs using cowagunga approach to find positions and I see nothing. Thinking back through the week, I've really only seen a lot of flat lining when sit down at my computer. Is it the time of year?
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Old 08-22-2008, 06:57 AM
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Join Date: Aug 2008
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I have also noticed this, I trade from mid Asian market to about mid London. I haven't been trading long enough to know what time of year is better or worse for trading, or for the different systems. It seems like a long wait for moves but they are pretty consistent ones from a scalper point of view. I don't use any outlined systems I just stare at the charts a bit and see if there is a clearly defined angle. Then I enter for 10 pips or so. I'm sure if I used more precise indicators I probably wouldn't get clear signals for a move. What time frame on charts do you use. I am not familiar with the cowabunga system so I have no clue, please forgive the ignorance. Hopefully a veteran will chime in here and shed some light on the subject. Sorry I couldn't be more help. Just wanted to let you know it wasn't only you. Raven
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Old 08-22-2008, 08:26 AM
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I didn't realize there might be a season for evenings (-5gmt) but I think it could be time of day. There's usually alot going on during the London session.
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Old 08-22-2008, 08:45 AM
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FX ticks over on a continuous 24 hour clock throughout the world. But the majority of the momentum & trade volume activity occurs when London is up & running. That equates to: approx 7.00am (2.00am EST) through until around 4.00pm (11.00am EST).

After that, the activity starts to dwindle noticeably. There will be occasions after London closes when New York will still run prices back & forth for a semi-decent return, but they’re few & far between.

If you're looking to execute your strategies for the best possible opportunities, then you'd really want to be focusing on the time periods mentioned above.
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