Best regards from Germany , most of the time in the year 6 hours "ahead" vs NYSE and 1 hour vs UK
We (DAX) "eat lunch" at 12PM local until 1PM . We usually (!) provide some patterns ( and I do NOT RECOMMEND trade anything at all , much much too dangerous that is !) at 09:30 AM local until 11:30 AM . Open is at 9 AM . Before 9 AM is noise but I like to see how our day starts at starting 6 AM´ish till 7:15 ... this is when we stand up and have a look at closing AP . So do I . One can sometimes see some trends .
After lunch , your early morning, 1:30 PM local , we tend to look too much how you guys on the other side of the Atlantic might feel today and this is when the bars again start to have some noise . As of 02:30 PM Germany, do not trade DAX , it is a CC of you .
Summary : DAX-Family and European currency " 09:30 till 11:30 local best"
Hope helps a bit .
PS.: I do trade in my evenings at US Exchange , also some AP FX pairs during night in a 2 and 4 hours TF . I not trade my Friday evening after 5 PM because the majority of the ladies and gentlemen at the US StockEX´s appear to have very important meetings and no time to trade
Do not trade alone
The following 2 users say Thank You to LoboTrader for this post:
Totally agree ... me the same I you are into the futures . I never trade future , hobby trader only , and little money involved at all times . There is CFD though which one could trade with much (!) less risk @ 1 EUR/1 Point with "Brokername" Interbankenaccount . MT4 . There is even less risk available if you select "AnotherBrokername" which is whitelable of "Brokername" but allows you 25 Cent/Point . Spreads are not (!) competitive for frequent trade/scalping as they not charge commissions but include in spread . When I used them, I had 1 K€ at the account and traded in 5 Min TF upwards , smallest TF is 1 Min .
But again , I trade little money there, it is "fun money" , no trade4living (not even close to that) .
I can send you both names via PN but wish not generate any conflict with any-country-in-the-world-legislation and as this forum is global :-) I do not post the names straight . But no personal interest involved at all .
It is fun if you like to train/sharpen/test your skills and mindset and Demo Account´s are as useless to you as they are for me .
All the best, sleep well and than enjoy your weekend :-)
Oh , when I had chance to visit my parents in El Paso, TX , way back in 1984 that was , I enjoyed Coors ( brewed with pure Rocky mountain spring waters .... that´s at least , what was written on the can ) , with Salt and Lime .
THAT was tasting great as well ...
PS.: And hope nobody will be upset with me, having mentioned the brand . But you (Admin) will understand that C. is culture no brand . Agreed ?
Do not trade alone
Last edited by LoboTrader; May 5th, 2012 at 09:01 AM.
Reason: spelling optimisation´s xD