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More Intraday Trading Thoughts

By Sean Hyman | March 26, 2009

Remember, the short term trader needs “movement” in a pair, and they need it essentially NOW and not later, during a short term trade.

Therefore, position yourself in the best “time slots” in forex trading for the greatest chance for these “momentum type” moves. That would be between the hours of 3am EST and 12 Noon EST roughly.

With that said, you would ideally want trades put into motion well before the 12 noon mark, so that there’s still enough potential hours of momentum left for the trade. This doesn’t mean that momentum CAN’T continue after these times or outside of these hours. That would be incorrect.

However, if you’re looking at the probabilities over time…you’re best trading short term in the European and early U.S. session.

Sean Hyman