I entered a short usd/jpy trade at about 10:00 am Tokyo time…10 hours later, it is still flirting with the break even point!.. I sold the eur/usd at 1.3351 at the opening of the London session, 6:00 pm, Tokyo time, and…then about 20 minutes later closed my trade 78 pips in profit…patience…(I’m glad I had a hike in the woods, and a beer during those 10 hours:))
Does this give you a clue about the best times to trade?
Just mark off on your demo account 10am Tokyo time to London
open for a period of time, say 4 weeks.
Then mark off 6pm Tokyo time until 10pm ish Tokyo time.
Now notice the difference.
You could also extend this experiment to 2am Tokyo time until
5am, price movement? Compared to asian session, early London/Frankfurt
session?
Patience is fine but if you are not trading in the most profitable
time slots for your system…you will get very fit with those
long hikes, but your bank balance will not be as fit.
A lovely answer there [B]Daydreamer65[/B]!!
By the way, you, Rhodytrader and me are the only Honorary FX Members holding the fort at present.
Hi Tymen
Tonymand also, he posts mostly on technical templates,
but with all the BS that has been around here lately I am only
here by my fingertips.
Ah, Tonymand is still here.
Yes, I know exactly what you mean by all the BS.
There have been better times on this forum!!
Yeah, I’m aware of the higher volitality…I do trade London/Frankfurt session, but I also need my sleep…