Why is it Important to Have a Clear Trading Schedule?
Avoid Costly Mistakes: When you're tired, you're more likely to make errors that could cost you money. Market Expectations: Market behavior can vary greatly depending on the time of day and market hours, so it's essential to plan accordingly. Market Hunts: Certain times of the day are prone to market hunts, where sudden movements can make it hard to control outcomes. Opening Opportunities: Each market opening presents its own opportunities and challenges. Time Zone Considerations: Your time zone and personal preferences might not align with every market opening, so it's crucial to choose your trading times wisely.
When Do I Trade? (GMT+2)
London late Session/ NY preopening: 12:00 - 1:30 PM London-New York Overlap: 4:00 - 7:00 PM Chart Analysis for the Next Day: Around 9:00 PM, sometimes with overnight trades if I see opportunity.
When Are the Hunts? (Avoid trading at those hours)
0:30 - 2:00 AM 8:30 - 10:00 AM 1:30 - 3:00 PM 8:30 - 10:00 PM
When Are the Best Hours in General?
Apart from evening sessions, consider trading during:
Asian Session (Tokyo-Sydney Overlap): 3:00 - 6:00 AM London (-Opening): 7:00 - 8:30 AM and 10:00 - 11:00 AM Having a structured trading schedule helps you stay focused, reduces errors, and maximizes your chances of success in the market. Happy trading!
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