I would like to start up a discussion on objective repeating cycles easily found in Forex.
They are based on fundamental reasons, and can be easily identified without discretion by using time and date.
And might be of great use for intraday traders.
The forex trading week opens up at 00:00 Gmt with the Sydney session opening bell. Than it is followed by Tokyo session. Afterwards the London opens, followed by the New York which ends at the next begging of the Sydney session. This is a continuous repeating pattern of each day. The trading week closes on the New York close.
The day can be segmented by session opening/closing times. Each segment usually has a standing out characteristic of its own. The Sydney and Tokyo sessions for example usually show ranging markets with low volatility. While after the close of Tokyo there is an increase with volatility, which is especially happening around the London and New York opening times.
Have you had experience taking trading decisions based on the following cycles ? Or perhaps your whole methodology is based around them ? Futhermore I would be very happy to learn if someone is aware of other cycles. I also heard that option's expiry times have influence on the forex markets, however didn't look in to it yet.
They are based on fundamental reasons, and can be easily identified without discretion by using time and date.
And might be of great use for intraday traders.
The forex trading week opens up at 00:00 Gmt with the Sydney session opening bell. Than it is followed by Tokyo session. Afterwards the London opens, followed by the New York which ends at the next begging of the Sydney session. This is a continuous repeating pattern of each day. The trading week closes on the New York close.
The day can be segmented by session opening/closing times. Each segment usually has a standing out characteristic of its own. The Sydney and Tokyo sessions for example usually show ranging markets with low volatility. While after the close of Tokyo there is an increase with volatility, which is especially happening around the London and New York opening times.
Have you had experience taking trading decisions based on the following cycles ? Or perhaps your whole methodology is based around them ? Futhermore I would be very happy to learn if someone is aware of other cycles. I also heard that option's expiry times have influence on the forex markets, however didn't look in to it yet.
The truth is hidden from you