Half hour before London Open

I have observed this many times, the volatility of some currency pairs is particularly high at 1 hour and 1/2 hour before london open. Any one know why?

Why - how about the Frankfurt Open aka Europen Open.

Thanks, I think Frankfurt Open 1 hour before London Open, but still not sure what happen 1/2 hour before London Open.

I have noticed this as well and I believe that the Asian traders are trying to square their day positions and/or position themselves for overnight.

Does it matter?

Even if you know the reason behind those volatility, unless you can capitalize on it, what's good does that knowledge for you?

this hour is my prime trading time on the 1min chart

It's overlap between asia closing session and europe opening session. Usually asia and europe will volatile during those times.

Likewise Riewoldt (commiserations by the way - awesome season tho - Roo is a favourite of mine - though my team made an inglorious exit in the first week of finals).

Actually been wanting to chat with you re a number of things... not least because we seem to be trading the same pair (cable), timeframe (m1), use the same broker (ib tws), have an interest in booktrader... lol, the list goes on.

I've been happy enough (profitable) with my method for some time, but am naturally always looking to refine/improve it. Recently I've been feeling like I can add another piece to the puzzle and reading your posts I think we might be onto the same thing. I've done a lot of research into order flow and level 2 data recently and would naturally like to discuss with someone like-minded.

Would PM you but apparently i'm not important enough yet to warrant that privilege...

Thanks Apocalypto, can you elaborate it a bit more?

At the moment Toyko close 2 hours after London Open, and so it is difficult to explain why the 1/2 hour before London Open has something to do with Asian session ending.

I have definitely seen the action happen as discussed and sometimes I can relate it to Tokyo activity earlier in the evening and sometimes not. As far as the 2 hour gap, it is probably no different than the New York session which slows down around 2 PM ET.