WHEN TO TRADE: Hours of the Day
Average range in pips for the four majors, Eastern Time:
HOUR
| EUR/USD
| GBP/USD
| USD/CHF
| USD/JPY
|
12 AM
| 10
| 11
| 15
| 14
|
1 AM
| 13
| 15
| 20
| 15
|
2 AM
| 21
| 25
| 30
| 20
|
3 AM
| 23
| 29
| 34
| 21
|
4 AM
| 20
| 27
| 29
| 20
|
5 AM
| 17
| 25
| 26
| 18
|
6 AM
| 17
| 24
| 26
| 18
|
7 AM
| 18
| 24
| 27
| 19
|
8 AM
| 26
| 31
| 39
| 25
|
9 AM
| 24
| 29
| 36
| 23
|
10 AM
| 30
| 34
| 45
| 26
|
11 AM
| 24
| 29
| 36
| 22
|
12 PM
| 20
| 25
| 31
| 19
|
1 PM
| 16
| 19
| 25
| 15
|
2 PM
| 16
| 18
| 24
| 15
|
3 PM
| 12
| 15
| 19
| 12
|
4 PM
| 9
| 11
| 14
| 10
|
5 PM
| 9
| 9
| 12
| 9
|
6 PM
| 8
| 9
| 12
| 11
|
7 PM
| 10
| 11
| 15
| 15
|
8 PM
| 11
| 11
| 16
| 17
|
9 PM
| 10
| 10
| 14
| 15
|
10 PM
| 10
| 12
| 16
| 13
|
11 PM
| 8
| 9
| 11
| 11
|
The above is based on four years of data ... hope it helps you.
Regards,
Erik