Trading using free digital Financial 24h Clock - page 2
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Android
by the way, I've got Android version of the Clock in plans, so "coming soon"
for those who have problems installing the gadget on 64-bit systems. There is a manual on youtube on how to fix that (it applies to any 32 bit gadget installation problems)!
32 bit Gadgets on 64 bit OS - YouTube
Trading strategy using the Market 24h Clock is represented here: Trading using market Clock
The article is written using the "Day trading the Currency market" book by Kathy Lien (my favourite one).
Trading using Market 24h Clock
Trading volume and volatility change for different currency pairs depend on the movement of the clock hands. You can trade more effectively, if you know which currency pairs are in the spotlight at any given time. Timing plays big role in currency trading.
Since currency market works around-the-clock, trader is able to watch every market movement attentively and to respond to it in time. In order to develop successful trading strategy, it is necessary to take into account changes in the market activity for various currency pairs in different time periods. It maximizes trading opportunities in your work hours.
In addition currency pairs' liquidity changes with geographical location and macroeconomic factors. Knowing what time of day one or another currency pair has the largest and most narrow trading range, you are able to improve your abilities in capital allocation.
This article examines the average trading activity on major currency pairs in different time intervals. It will help to determine when currency pairs are most volatile.
This chart presents data on the average range in pips for the different currency pairs in different time periods:
http://mc24.ch/images/tabl1.gif
Asian session (Tokyo) 00.00-09.00 UTC
Trading activity in Asia is conducted in major regional financial hubs. During the Asian trading session, Tokyo takes the largest market share, followed by Hong Kong and Singapore.
Despite the flagging influence of the Japanese central bank on the forex market, Tokyo remains one of the most important dealing centers in Asia. It is the first major Asian market to open, and many large participants often use the trade momentum there as the benchmark to gauge market, dynamics as well as to devise their trading strategies.
Trading in Tokyo can be thin from time to time; but large investment banks and hedge funds are known to try to use the Asian session to run important stop and option barrier levels.
Following figure provides a ranking of the different currency pairs and their ranges during the Asian trading session. For the more risk-tolerant traders, USD/JPY, GBP/CHF, and GBP/JPY are good picks because their broad ranges provide short-term traders with lucrative profit potentials, averaging 90 pips:
http://mc24.ch/images/tabl2.gif
Foreign investment, banks and institutional investors, which hold mostly dollar-dominated assets, generate a significant amount of USD/JPY transactions when they enter the Japanese equity and bond markets. Japan's central bank, with more than $800 billion of U.S. Treasury securities, also plays an influential role in affecting the supply and demand of USD/JPY through its open market operations.
A new tool has been available since recent on stocktime.ru/en: free Market 24h Clock gadget
about: it is a gadget clock, a miniature of online Market (Financial) 24h Clock showing working hours of major Stock Exchanges in UTC. It is coordinated with your computer time. Switch to Daylight Saving Time and revert to standard time are automatic.
You can download the gadget here (instructions included): forex 24h clock gadget and screensaver | wallpaper for desktop
I hope you'll find it useful/interesting!Thanks for this one. Love it.
Thanks for this tool. Love it
You're welcome!
as for Asian Session (the article Trading using market Clock) Last but not least, large Japanese exporters are known to use the Tokyo trading hours to repatriate their foreign earnings heightening the fluctuation of the currency pair. GBP/CHF and GBP/JPY remain highly volatile as central bankers and large players start to scale themselves into positions in anticipation of the opening of the European session. For the more risk-averse traders, AUD/JPY, GBP/USD, and USD/CHF are good choices because they allow medium-term to long-term traders to take fundamental factors into account when making a decision.