If we allow the 3 am ET hour to be an arbitrary 100 representing the big price moves then:
3 AM | 4AM | 5AM | 6AM | 7AM | 8AM | 9AM | 10AM | 11AM | NOON |
100 | 41 | 36 | 5 | 27 | 18 | 36 | 45 | 45 | 18 |
1 PM | 2 PM | 3 PM | 4 PM | 5 PM | 6 PM | 7 PM | 8 PM | 9 PM | 10PM |
41 | 5 | 32 | 18 | 23 | 18 | 23 | 14 | 18 | 5 |
11 PM | 12 PM | 1 AM |
9 | 0 | 5 |
The 9 am– pm block moves more than the first three London hours.
2 am ET: Weak
3 am ET: London open hour (EUR/USD) - best hour for price movement.
4 am ET – 5 am ET: ~ 40% of 3 am price movement
6 am ET: Lull
7 am ET: Picks up again
9 am through 1 pm ET: Stronger (more action than 3 am – 5 am)
Summary: 3am - 5am has almost the same number of big price moves as 9 am - 1 pm
No comments:
Post a Comment