Off "peak hours" trading question.

Hi. I'd like some imput from some traders who trade the eur/usd or the gbp/usd prior to the the london open. I get to my desk usually about 5am CET. I always wait until 8am before I start trading because that's when the money starts to flow from Europe. One hour later at 9am is when the boys in London start throwing around the big money. I hesitate to trade before 8am CET because its obvious that its a little thin and as a result it's more likely, in my mind, to be unpredictable. So....My question to my colleagues in the Indian Ocean/Pacific region is twofold; One; I am I being over cautious? and two; how do you find the behavior of the market in your time zone?

Thanks,
Steve

Since its my 'awake' hours, i do watch it here and there during work hours.

its MOSTLY quiet for all majors except for yen, aud and nz.
even then, the moves are not huge, at the most 30-50 pip moves MOST of the time.

but today is one of the rarer days where everything else is also moving during this time.

is it worth trading? depends on your trading style... maybe you can find a nice range trading method which may just work...

Your biggest friend through the asian session, which is the ultimate in off-peaks trading times, I think is the bollinger bands. I'll write more soon, off to training now, but have a look.

There are some great charts out there that show how many pips per hour you can get in any hour for any pair. I have one on paper, but unfortunantaly it is a series of screen shots that I took from a webinar a few months ago, and I can't track down the source again. I think I saw such a chart on this forum some time ago. If I don't go to sleep at the keyboard, I'l try to look it up for you.

Edit:
Here is sort of what I was talking about:
http://www.forexfactory.com/forexfor...ighlight=hours
Here is a good link for when the market is open. I have this one on a Tool Bar:
http://www.worldmarkethours.com/Fore...htm?12,0,1,0,5

MrWhipple,

Do you know the URL for the grid chart?

Ok It took some digging but here it is: http://www.fxstreet.com/nou/content/...menu=knowledge

The document has a PDF with the charts. enjoy

Thanks for digging that up !!

BAKROB

Hope it helps you as much it did me. It really clears up when you should trade and when you should sleep.

Fortulatly for me on the West Cosat USA the dead zone lines up with my nappy time. If i do not get my nappy (ok you Brits you can quit snickering now) I am worthless for a couple of days. I have major health chalanges and 3pm is my favorite time of day.

Thanks for the feedback everyone. I would still like to hear from any traders, trading the Asian session, as to whether or not they think the lack of liquidity in the Eur/Usd is a cause for concern.

Thanks,
Steve

find a trend trade with the direction of the trend then you will love holding trade through Off "peak hours

you can trade the daily range, after the daily open, (new daily candle) the market will normally create a range, use trendlines to box it,
it does not matter what time you have in your country, just let the range guide you.
trade the brakeout at London open, keep track where the daily pivot is because it can be support/resistance, this is a valid strategy I know many traders sometimes use, and me to, can be particulary good on the begining of the week especially if there have been news during the weekend that could impact the market. then you need to have a long bullish candle brakeout from the range, no short ones! stoploss is on the oposit side of the range or agressive in the midle of the range. first target is the hight of the range projected to the desired side. after filled you set your stop to brakeven, second target is the length of the range projected to either side, then forget about it, you get filled or stopped out,