As in the the title guys, here in the UK GMT what are good pairs to trade after 5pm, the USA have thee Asian market, anything suit the UK for “after work” trading?? I was thinking NYC close…
Hi Kaya,
Great question! You might be interested to know that the analysts at DailyFX.com analyzed over 12 million real trades conducted by our clients and found that trader profits and losses could vary significantly by time of day.
The periods of stronger trader performance lined up with low-volatility trading hours late in the US session, the Asian session or early in the European trading session – essentially 2 PM to 6 AM Eastern Time (New York), which is 7 PM to 11 AM UK time. For the time you are interested in the trading, the pairs to focus on would be GBP/USD, AUD/USD and USD/JPY.
Good trading!
Jason
Cheers for the reply and chart plus stats, very interesting… I’m off to back check.my charts, at the moment I’m scoping OTE early new York about 12 to 15:00 GMT. Thank again, peace and pips.
is there any other pairs? would GBP/JPY work after working hours?
You can always trade off daily charts and forget about the times with big SL and TP for example.
Hi Dluineo,
The idea behind trading between 2pm and 6am New York time is that studies show that those low-volatility trading hours correspond with periods of stronger trader performance. That idea would not work with GBP/JPY. It’s a different beast altogether.
[I]GBP/JPY is a volatile offering that presents traders with potentially large moves in price relative to many other pairings.This currency pair is, at times, so volatile that it has earned the nickname of ‘The Dragon’, as well as another well-coined term: ‘The Widow-maker’. Whatever you call it, the fact remains the same: GBPJPY can really move.
Take, for instance, the initial throws of the Financial Collapse in 2008. While the EURUSD had, at one point, gone down by ~3300 pips, the top-to-bottom move on GBPJPY was much larger: at one point a loss of more than a staggering 7000 pips. This volatility can be a good thing, or it can be a very bad thing; depending on how you trade.[/I]
That’s an excerpt from the DailyFX tips on how to trade GBP/JPY.
Not for the faint of heart 
Jason
I agree with Jason, the JPY pairs tend to be mad.
Hi Jason!
Thank you for your reply, what currency would you suggest to be a good trader? Providing after 17:00 GMT* (As I am based in the UK)
I tried EUR/GBP but when I get home there isn’t much movement left and pretty much closed market.
Referring back to the DailyFX study, GBP/USD was the currency pair which yielded the best results for traders after 17:00 GMT which correspond to 12:00 New York Time in the graph below.
Since you’re watching the markets after 17:00 GMT, you might also be interested in attending the live webinars on DailyFXplus.com at 18:00 GMT (1pm New York time) on Thursday and Friday where analysts field questions from traders about the latest happenings in the markets.
Jason
Hi Fxbabe,
Have you been following the yen moves today?
The next G7 meeting should be interesting.
Jason
The jpy is well versed in its nickname! lol, one to study though… Later, I’m gonna stick to the gbp/usd looking for entries from nyo… peace and pips