Secret timing to play ~ forex news trader.com
Even a relatively new and inexperienced trader can consistently gain 10 or more pips a day on
average -- by trading during the daily New
York Close, or from 2 p.m to 4 p.m. U.S.
Eastern time. The Forex market does have certain habits and frequently repeats daily patterns of activity. As
a new trader, and even as an experienced
trader, if you spend enough time observing the
market movements with respect to time of day,
you will begin to see some regular predictable
patterns. One of the habits occurs in the New York
afternoon, after 2 pm EST and into the final
New York daily closing. This pattern is most
frequently observed in the EUR/USD. At this
time of the day, trading flows are commonly light with low volatility. If a trader observes
regularly at this time, it becomes apparent
that there tends to be a pivot which occurs
sometime just after 2 pm EST. By "pivot," I am
referring to a "pullback" or "retracement" from
the overall daily trend. In other words, if the trend of the day for the
EUR/USD has been rising, then between 2 pm
and 3:30 pm EST, the market will typically see
a pullback lower, usually around 20 to 30 pips.
On the other hand, if the daily trend for the
EUR/USD has been downward, then after 2 pm a retracement of 20-30 pips higher is
often observed. By checking the market or checking the charts
in the New York afternoon around 2 pm
Eastern time, a new and even an
inexperienced trader may recognize this
pattern and then safely execute a high
probability trade. If a person is available to trade at this time of day on a consistent basis,
they could expect to gain an average of 10 or
more pips a day with a fair amount of ease. In closing, I must state the obvious disclaimer -
that trading forex is a risky endeavor with no guarantees. Always trade with caution and
never trade more than you can afford to lose.
Spend time observing the market to recognize
its patterns so you may make smart, high
probability trades and minimize risks.
average -- by trading during the daily New
York Close, or from 2 p.m to 4 p.m. U.S.
Eastern time. The Forex market does have certain habits and frequently repeats daily patterns of activity. As
a new trader, and even as an experienced
trader, if you spend enough time observing the
market movements with respect to time of day,
you will begin to see some regular predictable
patterns. One of the habits occurs in the New York
afternoon, after 2 pm EST and into the final
New York daily closing. This pattern is most
frequently observed in the EUR/USD. At this
time of the day, trading flows are commonly light with low volatility. If a trader observes
regularly at this time, it becomes apparent
that there tends to be a pivot which occurs
sometime just after 2 pm EST. By "pivot," I am
referring to a "pullback" or "retracement" from
the overall daily trend. In other words, if the trend of the day for the
EUR/USD has been rising, then between 2 pm
and 3:30 pm EST, the market will typically see
a pullback lower, usually around 20 to 30 pips.
On the other hand, if the daily trend for the
EUR/USD has been downward, then after 2 pm a retracement of 20-30 pips higher is
often observed. By checking the market or checking the charts
in the New York afternoon around 2 pm
Eastern time, a new and even an
inexperienced trader may recognize this
pattern and then safely execute a high
probability trade. If a person is available to trade at this time of day on a consistent basis,
they could expect to gain an average of 10 or
more pips a day with a fair amount of ease. In closing, I must state the obvious disclaimer -
that trading forex is a risky endeavor with no guarantees. Always trade with caution and
never trade more than you can afford to lose.
Spend time observing the market to recognize
its patterns so you may make smart, high
probability trades and minimize risks.
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