As a forex trader you probably have your preferred pair, or pairs, that you trade frequently. After a while you understand that currency pairs have a tendency to acquire something of a personality. You additionally start to get a feel for how they respond to particular news announcements. In this article we’ll make clear the features of a particular forex currency market commentary – and then inform you where you can acquire your own copy absolutely free of charge.

Do you think it would be advantageous to know what time trends in your currency are most likely to start? What if you were able, based on years of statistics, to identify what days of the week are optimal to trade in your particular currency pair? This could amount to forex secret trading because you have an advantage by knowing when these developments are more than likely to take place. Analyses have revealed what the most active trading day for a currency, and the optimal hours within that day to trade – together with what are the most active trading hours within that day. Learn the details of Forex trends and download our free report that we call the CHEAT SHEET.

This information does not tell you HOW to trade forex, but rather WHEN in an effort to make best use of your potential for a successful trade. We give you some rules as to how far the price is likely to move through this trend, how much of that move you can logically expect to catch, and ultimately how long the trend is likely to last.

Let’s begin with the GBP/USD. Trading the four-hour (H4) bars research show 31% of trends start on Thursday. Why use the H4 you ask? H4 offers the advantages of intra-day trading without having to constantly watch your PC all day. Also, it filters out much of the “clatter” of the lower timeframes.

And what are the best hours to trade within those days? Statistics shows that between 1 and 9 am eastern time is the best, the most active. This isn’t big news because this period includes much of the time that the London market is open. Hour of greatest activity, where trends are almost certainly to begin is 5 am eastern…which is 10 am in London.

Remember London is generally five hours ahead of eastern time in the US. There is a small interval in spring and fall when the disparity is four hours…and this is because the UK and the European continent do not go on and off Daylight Savings Time on the precise same day the United States does.

Consequently now we realize the absolute best day and time to trade the GBP/USD is Thursday starting with the 5 am eastern hour.

Now, how long can we suppose a trend to last? Again, using the four-hour bars we observe that 48% of the time the trend lasts between 6 and 11 bars. Six H4 bars equals a full day – 24 hours. 11 of those bars equals 44 hours, nearly two full days.

Finally, how much of a move can we anticipate that trend to make and how much of it can we reasonably expect to snare? In our GBP/USD illustration Thursday is again the winner demonstrating that the normal pip gain is 147 of which we can presume to capture about 85% or 125 pips.

Equipped with this information, do you suppose it would improve the odds of your currency system forex trading? While not an strict forex currency market commentary, this information will help put the odds on your side.

Visit our site under the Resources section to download your own copy of this 37-page commentary which we call the Cheat Sheet.

Gain vital info about the topic of forex trading – please make sure to go through this web site. The times have come when concise information is truly only one click of your mouse, use this opportunity.

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