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PanMarcepan · 06-12-2003, 23:18

From my experience only:

The most active trading hours are between 9:00- 11:00 EST (NY time)

Commodity, Indexes, Gold, Oil, etc…. Currencies included.
These hours are the most volatile hours in terms of index price change and have no doubt
about these 2 hr.
I always stay away and don’t trade at this time.

Most of the time, major Pivots, Support or Resistance lines are broken within this time frame

Second the most volatile time is 1hr after London opening ( after 4am NY time) where all the support and resistance levels from the previous day are tested ( plus CBOT ib Chicago opens soon)
This is the best technical time to trade, because London (if not major fundamentals released) will respect major TA's and wait for US session to make the final decision.

That's why most of the mechanical trading systems work the best with London session and calculate London first 1-2 hr of trading for the entry.

Asian session is the least volatile ( or use to be.Tokyo opening) and rarely tried even to test TA’s

However…. ?

I’ve noticed in the past 1-2 months Asian session have become more volatile and trying do the same what London does: Test the major TA’s.
Hence it has became the next good TA trading.

Kind Regards,
Pan

06-12-2003, 23:18	#4 (permalink)
PanMarcepan Trader Join Date: Aug 2003 Posts: 490 Rep Power: 0	From my experience only: The most active trading hours are between 9:00- 11:00 EST (NY time) Commodity, Indexes, Gold, Oil, etc…. Currencies included. These hours are the most volatile hours in terms of index price change and have no doubt about these 2 hr. I always stay away and don’t trade at this time. Most of the time, major Pivots, Support or Resistance lines are broken within this time frame Second the most volatile time is 1hr after London opening ( after 4am NY time) where all the support and resistance levels from the previous day are tested ( plus CBOT ib Chicago opens soon) This is the best technical time to trade, because London (if not major fundamentals released) will respect major TA's and wait for US session to make the final decision. That's why most of the mechanical trading systems work the best with London session and calculate London first 1-2 hr of trading for the entry. Asian session is the least volatile ( or use to be.Tokyo opening) and rarely tried even to test TA’s However…. ? I’ve noticed in the past 1-2 months Asian session have become more volatile and trying do the same what London does: Test the major TA’s. Hence it has became the next good TA trading. Kind Regards, Pan Last edited by PanMarcepan; 07-12-2003 at 04:21.