Thread london forex open

Thread london forex openThread: London Forex Open

Join Date Mar 2010 Posts 38

London Forex Open

Hi all. I've been looking into range based Asian breakout systems as I've recently met up with an ex-professional trader who used to trade the Asian markets. He's given me a few ideas so after some research I bought this the other day Profitable Forex Breakout Trading Strategy | MetaTrader Indicator | London Forex Open. I had a chat with the guys who run the site who were pretty helpful and honest and the posted results seemed to check out.

Hi Bintcrusher. Yes I'll try to remember to sort out some screens of the trades taken and get them posted here.

Trade london open

Trade london openForex Trading With Ease

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Trading the london opening using the big ben strategy

Trading the london opening using the big ben strategyTrading the London Opening Using the Big Ben Strategy

Posted by Chris | Posted in Manual Forex Trading Systems | Posted on 13-11-2008

Heres a small bonus for my readers. I recently came across the Big Ben Trading Strategy while looking for systems that trade the London opening and Ive been meaning to learn more about it. In a nutshell, this is a breakout strategy that is used to trade the pound during the volatile 2 hours after the London opening. You can download the strategy here: fxtradingreviews/guides/BigBenTradingStrategy. pdf

School of forex

School of forexSchool of FOREX

14a..Forex Market Hours

So far, all the lessons we have taught you deal with how to trade the forex market. But another important lesson that you need to learn is when to trade the forex market.

Yes, it is true that the forex is open 24 hours a day, but that doesnt mean its always active the whole day. You can make money in the forex when the market moves up, and you can even make money when the market moves down.

However, you will have a very difficult time trying to make money when the market doesnt move at all. This lesson will help determine when the best times of the day are to trade.

Market Hours

Before looking at the best times to trade, we must look at what a 24hr. day in the forex world looks like. The forex can be broken up into three major trading sessions: the Tokyo Session, the London Session, and the U. S. Session.

Below is a table of the open and close times for each session:

You can see that in between each session there is a period of time where two sessions are open at the same time. From 3-4 a. m. EST, both the Tokyo and London markets are open, and from 8-12 p. m. EST, both the London and U. S. markets are open.

Naturally, these are the busiest times during the market because there is more volume when two markets are open at the same time.

Most active trading times in forex

Most active trading times in forexMost Active Trading Times in Forex

When is the Forex Market Open?

Though the forex market is open 24 hours a day, there are specific times when the market is faster moving, and it’s easier to make money. There are three main time zones for trading – New York, London and Tokyo. Two sessions are usually always overlapping. In terms of Eastern Standard Time, New York is open from 9am to 5 pm, London is open from 3 am to 12 pm, and Tokyo is open from 7pm to 4 am. So, naturally, the busiest times in the market are from 3 to 4am, and then from 8am to 12 pm, because two markets are overlapping. And, since London overlaps with both Tokyo and New York at some point, it usually has the busiest session.

What is the Best Time to Trade?

The middle of the week is also usually the busiest time in terms of trading. Tuesday and Wednesday shows much more movement and activity than the beginning or end of the week. Friday is generally the slowest day, when things calm down as soon as the London session closes. Sundays and Holidays are generally dead as well, and it’s unadvised to do lots of trading then.

Most Active Currency Pairs

London Session (3am to 12pm ET)

GBP/CHF - average range 145 pips

GBP/JPY - average range 140 pips

USD/CHF - average range 115 pips

GBP/USD - average range 110 pips

USD/CAD - average range 90 pips

EUR/USD - average range 80 pips

USD/JPY - average range 75 pips

New York Session (9am to 5pm ET)

GBP/CHF - average range 130 pips

GBP/JPY - average range120 pips

USD/CHF - average range 110 pips

GBP/USD - average range 90 pips

USD/CAD - average range 80 pips

EUR/USD - average range 75 pips

Tokyo Session ( 7pm to 4am ET)

GBP/JPY - average range 110 pips

GBP/CHF - average range 90 pips

USD/JPY - average range 75 pips

USD/CHF - average range 65 pips

GBP/USD - average range 60 pips

AUD/JPY - average range 55 pips

What are the best forex trading times

What are the best forex trading times24 Hours Forex Trading

The world is a vast place and as such, we have Different Time Zones . So when one country ends its trading day, another starts. In other words, this means that Forex almost never stops! The major Financial Markets in the world have overlaping times. The heaviest trading takes time during this overlapping period and presents abundant trading opportunities.

Traders new to the world of Currency Exchange Trading tend to think that since the market is open twenty four seven, they may trade whenever they choose during the day. Although this is true, it requires some clarity. When it comes to Currency Trading, some hours present better opportunities than others. This suggest better profit potential. Therefore choosing good trading times should be an important factor to consider once you enter the world of trading forex.

What are the Best Trading Times?

Forex Trading opens in New Zealand . followed by Australia . Asia (and particularly Japan ), the Middle East . Europe (with London being the main financial center) and then America .

Trading Sessions GMT (Greenwich Mean Time):

Okay, Since I operate in the GMT Time Zone . here are the main Forex Trading Hours in this time zone.

Tokyo Open: 11:00 pm Tokyo Close: 08:00 am

London Open: 07:00 am London Close: 04:00 pm

New York Open: 12:00 pm New York Close: 09:00 pm

Sydney Open: 09:00 pm Sydney Close: 06:00 am

Tokyo Open: 11:00 pm Tokyo Close: 08:00 am

London Open: 08:00 am London Close: 05:00 pm

New York Open: 01:00 pm New York Close: 10:00pm

You can see that in between each main trading session, there is a period of time where two sessions are Open At The Same Time . From 07:00-08:00 am GMT, the Tokyo session and London session overlap, and from 12:00 - 04:00 pm GMT, the London session and the New York session overlap.

Such division of the market into trading sessions allows traders to determine their own Individual Trading Time . The important thing that should be mentioned is that all sessions have their own features and peculiarities.

When traders for the Asian Markets are starting to close and exit their trades, their European counterparts are just beginning their day.

While there are Several Financial Centers all around Europe . it is London that Forex Traders keep their eyes on. London trading session is the largest in volume and number of transactions. Historically, London has always been at a center of trade, because of its strategic location. Traders have dubbed it as the Forex Capital of the World with thousands of businessmen making transactions every single minute. About 30% of all forex transactions happen during the London session. This affects the market volatility so it is the time of active market movements. New York Trading Session is least active, but very Liquid . Besides, during the time when the London session has not yet closed and the New York session is already open the majority of deals are executed. I often find that a lot of traders try to trade at these times. But each to their own as they say.

Trading Times To Your Advantage:

There is so much liquidity during the European Session and countless transactions take place that almost any pair can be traded. With this knowledge it may be best to stick with the Majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF) . as these normally have the tightest spreads. Also worth noting is that these pairs that are normally directly influenced by any news reports that come out during the European session. You may also try the yen crosses (more specifically, EUR/JPY and GBP/JPY ), as these tend to be pretty volatile at this time. Because these are Cross Pairs, the Spreads might be a little wider though.

World clock for forex traders

World clock for forex tradersWorld Clock for Forex Traders

If you trade on Forex, these templates for World Clock can help to track market open and closing times. To use them, download and install World Clock first.

Major Forex Markets / No Local Time

This template features four clocks for most important Forex markets: London, New York, Tokyo, and Sydney. Market open hours are highlighted with green. Market close hours are blue.

Major Forex Markets and Local Time

This template features five clocks: London, New York, Tokyo, Sydney, and a local system time. Market open hours are highlighted with green. Market close hours are blue.

It is recommended to set your local clock to a specific city after importing settings from this template.

Major Forex Markets in Tooltip

This template features five clocks: London, New York, Tokyo, Sydney, and a local system time in tooltip wjhen mouse hovers over the local clock.

Major Forex Markets on Desktop - Quartz Skin

This template features four clocks on desktop for major Forex markets: London, New York, Tokyo, and Sydney. Market open hours are highlighted with green. Market close hours are blue. Additionally, a local system time is provided in taskbar.

It is recommended to set your local clock to a specific city after importing settings from this template.

Sydney, London, and Local Time

This template features clocks London, Sydney in taskbar. Market open hours are highlighted with green. Market close hours are blue. Additionally, a local system time is provided in taskbar.

It is recommended to set your local clock to a specific city after importing settings from this template.

London and New York

This template features clocks for London and New York in taskbar. Market open hours are highlighted with green. Market close hours are blue.

It is recommended to set your local clock to a specific city after importing settings from this template.

Trading forex on london open and close

Trading forex on london open and closeTrading Forex on London Open and Close

Posted on 24 Mar. 2012 by Marius Mass.

London market is one of the biggest dealing centres in the world, one of the biggest and most volatile trading sessions in the Forex market. Trading Forex on London Open and Close is well known for its predictable behaviour and its good to know that London open may not always be the real one.

Very common occurrences, consistent in its nature can be observed on London open. I called it Asian Print Breakout. Ive tested it on many other currency pair, but without a doubt most common pair affected by London session dealing desk transfer is GBP/USD.

Since U. K. banks are the primary market makers for the GBP, they have clear awareness of market supply/demand prints and where majority of orders are located. Interbank using their clients books to trigger stops and gain value differential. After these stops are taken and the books are cleared, the real directional move in the GBP/USD will take place. It is important to patiently wait for the first move of big Banks, where major orders are triggered and jump on the wave in the right direction, when market is free to make decisive move for the day. The purpose of this trade is to capture major directional move which could potentially be massive swing which could give you over 80 pips at a time. GBP moves really quickly when its on its way.

The anatomy looks more like this:

Firstly major trend needs to be determined on higher time frame which will define direction in which the trade will be placed. Then define the boundaries of the Tokyo session by the highest high and lowest low of the session. You can draw the line marking the boundary of Tokyo session and use them as a reference point. Im looking for price to move out of the boundaries defined from previous day. At the London open, GBP/USD attempts to make fault breakout exceeding slightly Asia Higher High/Lower Low either direction depends of the trend. After that, its very usual to see price coming back to the range and poke through to the other boundary of the Tokyo range followed by a bounce of the range border in the opposite direction. The opportunity Im looking for is during the bounce of the Tokyo session boundary which is already defined. That works quite amazing as this is information we can determine before the move happens.

This chart illustrates typical London session open and close. Please observe diligently and study price action. Pay attention to opening and closing time and impact to the market.

With regards to London close scenario I usually look for opportunity to take a trade when price revisits the high of the London session. Very common scenario for GBP/USD is when the price comes for a retest. Im trading right into bullish/bearish (depends of the direction) looking candle. Works very well, particularly where there is a very clearly define key resistance level. Figures marked on this chart demonstrate it very clearly.

On this chart you can notice confluence of three very important events. The first is spike causing price overextension second is price hitting 00 level and third London close. Those occurrences dont happen very often, but when they do, you better be ready because this means gold for you. Read on Scribd.

London forex brokers

London forex brokersWhy trade with a London-based broker?

Fund protection

Brokers regulated by the Financial Conduct Authority (FCA) must adhere to strict regulatory requirements. One of them is to segregate all retail client funds from their own. This is to protect your money and your interests.

In addition, your investments may also be protected up to ?50,000 by the FSCS, the UK's compensation fund of last resort. Check our guide to FCA brokers for more information about the protection you'll enjoy when you trade with an authorised financial services firm.

All London-based brokers aren't necessarily regulated by the FCA. Enquire about their licenses before opening an account if this matters to you.

Education and training

Every now and then, brokers can organise training sessions or events. If you're based in or around London, you'll find it easier to attend group or even one-on-one sessions in person. However, if you're abroad, you may be able to attend a webinar instead.

The best times to trade the24-hour forex market

The best times to trade the24-hour forex marketThe Best Times to Trade the 24-hour Forex Market

Forex traders never sleep, or at least, it would appear that way, with

markets open 24/7. With the aforementioned in mind, some may be wondering if

theres another way to approach trading, or if there are simply better times

to trade than others.

Within this article, we not only examine Forex hours and when the best times

to trade are, but we will also examine the overall paradigm behind traders

mindset of market-hours on the whole.

Click here to order your copy of The VXX Trend Following Strategy today and be one of the very first traders to utilize these unique strategies. This guidebook will make you a better, more powerful trader.

3:00 AM to 4:00 AM London and Tokyo overlap.

8:00 AM to 12:00 PM London and New York are both open.

7:00 PM to 2:00 AM Sydney and Tokyo trade together.

During times when more than one market is open, volume and volatility

increase significantly, and are a great time for day traders to see action

happen. However, when only market is open, trading can dry up significantly,

There are two points to note here though:

1. While trading action can be slow when only one market is open, it does not

mean that movement does not occur. Many brokerage firms will tell you that it is

not a good idea to trade (for daytraders) during times when only one market is

open. And, its understandable too, since they make their money when you trade

heavily. When only one market is open, theres a good chance youre going to

2. When the New York markets is open, by itself, during the day, traders will

generally see more action than when Sydney, or Tokyo are open by themselves.

Usually, London can be fairly slow too, from 4:00 AM until about 7:00 AM, but

can see an uptick in volume even before New York opens, as U. S. traders wake up

and login, pre-stock market. Though the New York market is open by itself from

noon to 7:00 PM, noon to 5:00 PM can see movement, as many U. S. stock, option

and commodity markets are open too.

At the end of the day, Forex daytraders will likely want to be around mostly

for hours when more than one market is open; however, only having one market

open doesnt mean that currencies wont move — especially in the case of New York

waterWhen a stone is cast in one market, the ripples will move through all

Branch manager,london uk

Branch manager,london ukBranch Manager, London UK


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Thread london close retracement-my results

Thread london close retracement-my resultsThread: London Close Retracement - My Results

London Close Retracement - My Results

I have been following a scalping technique and found it very consistent with very few losses. I thought I better begin a journal so I started recording the results 4 weeks ago.

These are the basic rules I follow:

1. Observe the 5 day ATR on Forex majors

2. Identify qualified pairs that have exceeded the ATR

3. Check for key Support Resistance levels on higher time frames

4. Wait until the London Close time window 4pm GMT

5. Enter at the 79% retracement line on a Fibonacci

6. Exit at profit targets which is the top/bottom of the Fib depending if it was a buy/sell.

The spreadsheets only shows the number of pips made and doesn't take into account the cost of spread.

I have noticed that a lot of the time price exceeds the Fibonacci. I am trying to see if there is any way of predicting a more precise close position.

Any ideas would be greatly appreciated.

Last edited by jbx12; 05-13-2012 at 03:06 PM.

Compare trading strategies

Compare trading strategiesCompare Trading Strategies

Intra-day short-term trading:

London / Euro open breakout strategy

New York close fade strategy

3rd party verification signal service:

PAMM account:

MQL5 Signal service:

Note: I only trade the GBPJPY and GBPUSD on the London Open strategy, and EURUSD and USDJPY on the New York Close Fade strategy. With MyFxBook one can look at the overall gain / loss by currency pair, which means that it is possible to see the performance of the 2 different strategies traded on this account.

Forex mandiri-forex trading-forex for live

Forex mandiri-forex trading-forex for liveTIME ZONE CONVERTER

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit.

Forex market most active at open market UK/Londen and America/New York.

Forex trading time:

Sydney opens at 5:00 pm to 2:00 am EST

Tokyo opens at 7:00 pm to 4:00 am EST

London opens at 3:00 am to 12:00 noon EST

New York opens at 8:00 am to 5:00 pm EST

Or its simple using time open market.

Sydney / Tokyo — 7:00 pm — 2:00 am EST

London / Tokyo — 3:00 am — 4:00am EST

New York and London — 8:00 am — 12:00 noon EST

Forex trading time Jakarta (WIB) :

Sydney — 5:00 am — 2:00 pm WIB

Tokyo — 7:00 am — 4:00 pm WIB

If you trading forex using EA for scalper is powerfull at during sesion Asia. Market is relative sideways.

Currency spikes at4pm london are not evidence of manipulation

Currency spikes at4pm london are not evidence of manipulationCurrency spikes at 4pm London are not evidence of manipulation

Last week I posted up an article from Bloomberg that discussed spikes in currency rates around 4pm London time for the WM/Reuters fix, which fund managers and scholars say the patterns look like an attempt by currency dealers to manipulate the rates.

Heres an alternative take on the matter, saying Im always skeptical whenever someone tries to tell me that the fix is fixed (amen to that )

The WM/Reuters fix is calculated by examining actual trades made over a one-minute period beginning 30 seconds before the top of the hour

Traders try to push through as many trades as possible in the few moments leading up to the fix

Price movements that happen just before the fix are often the result of everyone trying to squeeze through the door at the same time

Prosaic, no? Still, I dont imagine it will placate those who like to call manipulation whenever they can.