It is of utmost importance to comprehend the time that you choose to trade in and know what you can potentially expect at that time of day.

This differs for each instrument so it is important to study market behavior for your particular instruments. I usually trade only 3 instruments the DAX, Euro/USD and the GBP/USD and am familiar with their action during the trading day. Other vehicles behave differently and I will only trade them (and I do infrequently trade S&P, WTI, , and other currencies) after I've studied their time related behavior.

Timing issues are not easy to decode and sometimes it's easier to acquire a trading system, not so that you can follow it blindly but rather use it to augment your own reading of the market. Always best to read forex trading system reviews. A systems I use regularly to supplement my decisions is forex rebellion. It fits in nicely with my MT4 setup and adds confirmation to the timed entry.

The best time to trade the DAX is close to the London open at 03:00 EST, as the open usually brings a flurry of new orders and it's a piece of cake time to scalp.

It is routinely possible to achieve a gain of 20 - 40 points in the first half hour of trading. As my daily target is 30 points and it is often hit within 30 minutes, I can then ease off and look for absolutely perfect set ups that will not risk the gain.

Another good time to trade the DAX is around 13:30 UK time (08:30), but need to be aware of any news announcements as this is the time most US releases come out (CPI, GDP, NFP etc). It it a pretty volatile period and once again it's easy to capture good trades then.

About 1 hour after the markets open (London and NYC) we usually see consolidation and I tend not to trade these times, it can be quite frustrating.

I'm sure you've noticed how fast the time goes by when you are in a trade that is going against you and how slow it is when a trade you've entered just inches your way slowly.

Chances are that it's the same period of time, it's just our mind playing games with us. As far as I'm concerned, I expect a trade to move my way within 2 bars (1 min, 5 min or any other time frame you trade). If it doesn't I'd rather close the trade and wait for a better opportunity. My experience is that if a trade doesn't move your way quickly, it is a less probable trade. Practice patience before entering a trade and not after you've entered it.

Timing is a different matter and depends on your trading method, one of the methods I use, is reversals at known pivot points. This is a rubber band form of trade and often one can catch a turning point and a new short term trend.

In these cases, with scalping, if you have a particular price area in mind, timing makes a big difference, enter too early you may get stopped out, and if you enter later you will miss out.

Bottom line, remember that trading is 90% is a mental game, and if your mind is cluttered or you're not in a good state it's best to avoid trading, better to recover, and then continue.

I use meditation, and always make sure I am completely calm and confident before I trade. Lately I've been using a subliminal video and I find it's pretty good, 10 minutes of watching and I am ready to make money efficiently.

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