Effect of public holidays

Hello,

Just wondering what effect public holidays have?

The baby pips forex clock says that the UK market is open and that it is a high activity session. However, its a bank holiday and not much is happening on the charts.

Is baby pips full of it or do the brits and americans trade on public holidys?

Thanks

i wouldnt call it a high activity session to be honest! you can get a few pips here and there though

London does hold the title of the highest activity but it's the US session thats the most volatile.

I don't think Babypips is full of it. When you think about the nation that provides volatility to the market, if you are a brit trader why would you want to risk equity in a slow moving market. It's wise for EU/UK traders not to trade while US is on holiday.

Questions like these usually come up when US traders figure they have free holiday time to trade London session. But during regular (non-holiday) session, no one looks into trading London. London session can be a beast. During London, the market usually finds a trend and rides that trend hard.

While that may not be seen trading USD based pairs, trust me, if you trade EUR based pairs and crosses you'll see the London session usually sets up the hard trend for the US session. London setup the trend, US session usually don't know what to do with the trend (volatility). US session is riddled with indecision, second-guessing, volatile price action spikes, and retrace.

I think you just gave me the last piece to complete my puzzle, thank you!

may i know where is the baby pips forex clock?

My mistake, it wasnt baby pips but a similar site:

http://www.forex4noobs.com/forex-plus/forex-clock.php

This is why it is smart to stay out of the makrets on days like US holidays. I was just crusing the web and I always have my charts up amd saw this move. The big money comes in and plays in the market to walk away with some extra spending cash from all the small players not able to withstand a nearly 100pip drop.

This chart is a great example of that. No News, US banks are closed, UK Banks are closed and it's 11am EDT. Who do you think is driving the market, Ms daisey LOL