mikeyjerou Posted June 2, 2012 Report Share Posted June 2, 2012 Although Forex is active 24/7, not every hour is suitable for scalping. No scalper wants to sit in front of the monitor for numerous hours bored and disappointed with the “sleeping” price as it literally moves nowhere. Scalpers hunt for volatile, liquid market. There are 4 major market sessions: London, New York, Sydney and Tokyo session. To trade effectively scalper needs to learn behavior of a chosen currency pair and define most active sessions, even particular hours for this pair to be able to catch good price moves. Quote Link to comment Share on other sites More sharing options...
grisleback Posted June 2, 2012 Report Share Posted June 2, 2012 Here's a chart of the average pip movement per session that may be useful http://i45.tinypic.com/vqrzmf.png Quote Link to comment Share on other sites More sharing options...
Ramon Ramirez Posted June 4, 2012 Report Share Posted June 4, 2012 Here's a chart of the average pip movement per session that may be useful http://i45.tinypic.com/vqrzmf.png Thank you :) Quote Link to comment Share on other sites More sharing options...
mikeyjerou Posted June 4, 2012 Author Report Share Posted June 4, 2012 Great!! thanks.. Quote Link to comment Share on other sites More sharing options...
newstrading Posted June 4, 2012 Report Share Posted June 4, 2012 You need to know opening and closing times to each. On a given time more than 2 are working. Thisis the most volatile time. Quote Link to comment Share on other sites More sharing options...
mikeyjerou Posted June 5, 2012 Author Report Share Posted June 5, 2012 The spreads during the Asian sessions make scalping difficult. I think it is better left to the London, and first half of the US session. Quote Link to comment Share on other sites More sharing options...
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