Be Smart - know when to trade

I'm new to this site, but I have been reading a lot your threads

What ya'll need to remember is to be smart and know when to trade!
Now I'm on the west coast of the US - so think PST and U do the math.
The 1st 1/2 hour of EUR (11:00pm > 11:30pm) Be Carefull - watch for head fakes - take your pips and then wait until London comes on! Then WAIT ---
They like their tea & crumpetts (sp?) - so let them sip & nibble for bit. Then start looking hard about 12:30am to 1:00am (PST). Watch for a trend and jump on and if it's solid stay on for the ride - if not it's Snipe em time and do not be greedy! If you can get 20 pips a day U R doing really good!

There are many other times to trade and not to trade, but thought I would give ya'll my 2 cents worth on this time frame

FYI - I average well over 100 pips a weeks - real money!

Hi Golatigo,

I live in Australia and the time frame for Euro and UK opens is by far the best time for us to trade in.

I have been learning forex since January and it took me a while to realise that a lot of the methods discussed hear are better suited to the UK/USA time overlap trading period.

Lately I have been concentrating on creating a method that will work on the times that you have mentioned.

Work in progress at the moment, but I hope to create a profitable hobby trading those times.

Good to see another aussie .. it can be tough for us down here unless we are night owls ... the times I find the best are the first two hours of Europe, about 2 hours before US open (after lunch for Europe), the US open and that's about it, after that I am tucked up in bed dreaming of fame and fortune.

Thanks GOLATIGO

Trading times is like trading style and trading skew, it all depends on the Individual. Very similar to shopping, what time is best to go shopping? It's always nice to read people's take on times, fundamentals and technicals.

Happy trading.

MM