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Time-zone trading in the euro
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CT-June 2007-2
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Intraday trends in forex often begin when the markets shift from one regional trading center to another. Historical testing uncovers several promising price moves in the eurocurrency futures.
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Detailed Description
It is nearly impossible to track money flows and never miss a significant trend or news event. So how can currency traders keep up with this 24-hour market?
One answer is to find out when each currency pair tends to trend during the day and focus on those periods. This strategy is based on historical trends in hourly bars in the Eurocurrency futures (EC). Not surprisingly, the most significant price moves appear when one regional center (Asia, Europe, or U.S.) closes its trading session and another one opens. The historical patterns can save time: Instead of watching the markets all day, you can focus on these transitional periods offering the best odds of success.
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