Pro tips: Trick to see when markets are most active

1 oct. 2018

Hello, if like me, you like to sleep at night and trade during the day, this trick might inetrest you.

We could put alerts on silent but I would rather not.
And why focus on a chart that is only active while you sleep? Waste of time...

Unsurprisingly, the Australian pairs get some activity during europe and NA day, but also alot and I mean ALOT in the MIDDLE OF THE NIGHT.
I am soooo tired of getting woken up by some AUD alerts, sometimes JPY. SO DONE WITH THIS. TILTED.

Better give up on all the AUD pairs, they are not worth it. NZD too. Also, for short term trading AUD and NZD were the major currencies with the biggest spreads.
The JPY pairs seem to be active in the morning alot ... I don't know if I want to give up on these. At least I will ignore GBPJPY that is going to be always active when London opens.

EURUSD, perfect one, it is most active when? You can guess it, it is most active when New York and London sessions overlap, and dead during the night, just look at the chart. There is a crater at 4 am every day. PERFECT.

It feels good to clean up your watchlist :)
Good riddance!

* Do not try this with cryptocurrencies. Won't work.

1 oct. 2018

Note

I also use ATR to know what to expect from an indice cryptocurrency currency or commodity.

I have a better idea of when to take profit usually, and where to SL, and if spread is low enough to scalp, using the ATR over a large period of days.

Here are 2 examples: Dow Jones and Bitcoin.

ATR 100 ==>
Dow Jones
Bitcoin