In his book "Beat the Forex Dealer", Augustin Silvani lists
important times of the day that all traders should be aware of:
00:00 Sydni Open (good time for an ambush)
11:00 LIBOR Spot Fixing (manipulation)
15:00 London FIX (corporate and "must do" flows)
17:00 NY options cut (manipulation)
18:00 Europe closes their books (reversal time)
19:15-19:30 Close of IMM (last minute positioning by Chicago traders)
all times are GMT
manipulation and abnormal moves are common during these times, so keep your eyes peeled and watch your stops!
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Just thought this was interesting and wondering if any other traders have a similar list?
important times of the day that all traders should be aware of:
00:00 Sydni Open (good time for an ambush)
11:00 LIBOR Spot Fixing (manipulation)
15:00 London FIX (corporate and "must do" flows)
17:00 NY options cut (manipulation)
18:00 Europe closes their books (reversal time)
19:15-19:30 Close of IMM (last minute positioning by Chicago traders)
all times are GMT
manipulation and abnormal moves are common during these times, so keep your eyes peeled and watch your stops!
--
Just thought this was interesting and wondering if any other traders have a similar list?