The Best Trading Hours in Forex
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I will start topic which is not commonly much discussed between traders but there are huge opportunities in trading The Best Hours in Forex.
The best hours for trading are between 7-10 GMT (2am-5am EST) and 13-17 GMT (8am-12am EST). The most volatile pairs (good for Renko trading) are GJ, EJ, AJ, GCH, ECH, and GU.
Volumes increase during overlaps: Overlap Asia/Europe 07:00 - 10:00 GMT. Overlap Europe/US 13:00 - 17:00 GMT (winter times).
Between 13:00 and 16:00 GMT volume of EU, GU, UCH, and ECH are at maximum.
Between 2:00 and 7:00 GMT in the morning high activity during Asia and Australia overlap.
Most commonly used Time Frames at MT4: M1-M5-M15-M30-H1/60- H4/240-Daily/1440-Weekly/10.080 and very confusing which numbers we should use for Monthly hours. Month could have 4 variations:
28 days (40.320), 29 days (41.760), 30 days (43.200) or 31 days (44.640). Which one of the 4 is proper? Think that Forex trades only 5 days a week that's 20 days a month.
Door open to discussion!
Cheers Hermes
P.S. In attachment is the Bible of Best Trading Hours in Forex.