This record-breaking baby is 27 years old — 2 years younger than her mom

It's all in the timing.  This record-breaking baby is 27 years old — 2 years younger than her mom There’s a mere 18-month age gap between this proud mom and her baby — and thanks to the wonders of science, the record-breaking infant is technically 27 years old. (Read more: [( )  It's all in the timing. This miracle baby was born at just the right time for her parents, even though she "waited" for it for 27 years. There is also timing in trading when it is best to invest and trade.  One of the most important aspects of trading the Forex market is to understand what drives price movement. We are often told that the market operates on a 24 hour basis 7 days a week - this is true but it does not mean that that you can apply any technique at any time and expect the same or even good results.  Contrary to popular belief the Forex Market is still driven by human behaviour. Volumes increase when the participants in the Forex market are physically at "the Office" working and volumes and activity dies down when those participants go home and sleep.  Many Forex traders focus so much on technical analysis that they ignore market behaviour completely. The Forex traders who are successful are masters at understanding market behaviour and then merely use appropriate technical analysis to enter the deal.  A fact to consider is that there is no official Forex market as there is a Stock, share or Bond market. Activities in the Forex market occur as a result of activities in all the other financial markets. So we need to study the times when these financial institutions open and close. A study of the trading volumes going through the Forex Market show how important the opening and closing of financial markets are to the Forex market.  Market openings and closing can often impact and change the direction of trading. You, therefore, have to be aware of time of day factors which can impact forex trading. Most of the day's highs and lows come from the Asian open, European open and close, and the US open and close.  The period between the US market close and the Tokyo market has particularly low volumes. Although trends sometimes can occur in the period, poor candle stick formations are common during this period due to the extremely low volumes.  A further study of the average hourly ranges of currencies crosses will confirm the importance of the market openings and closings by the increased volatility created at those times.   1 The Open of the Tokyo market (9:00 am to 1:00 pm Tokyo time)  The Asian market has fewer announcements than the other markets and the announcements appear to have fewer whipsaws. Australia, Hong Kong and Singapore (1 hour later) are other exchanges impacting this market. The Asian Based currencies are best traded in this market (AUDUSD, USDJPY) along with the EURUSD. 26% of the daily highs or lows occur in this market   2 The Open of the European market (7:00 am to 9:00am London time)  The period covering the afternoon Asian and early European session is a low volume period. Volumes start increasing at about 7:00 am London time and this is often the best opportunity to catch some short term trends. Frankfurt is an important exchange that opens in this market. This period often produces the daily highs or lows with 8:00 am London being an important time. 8:00 am often produces the high or the low for the rest of the day. This market behaviour emphasises the importance of time of day trading.   3 The Opening of the London Financial markets (9:00am to 11:00am London time)  The London Financial market is the highest volume Forex market. The period around its open has the potential to produce the best trends. There are also more economic announcements impacting the EURUSD and the GBPUSD during this period. It is the best period to trade, where a scalping transaction can often get you into a +100 trend.   4 The Opening of the US Financial Markets (8:30am to 11:00 am New York)  The Opening of the US market can be very volatile due to the high concentration of announcements in this session (especially on Thursdays and Fridays). Chicago opens 1 hour after New York. The reactions to announcements are more severe with dramatic breakouts and whipsaws happening regularly. The US open happens when the European markets are still open and therefore you have a 3 hour overlap in volumes making it appear as if the US market is bigger than the UK one. In fact it has lower volumes. The USDCAD has its biggest trading volume in this market.   5 The close of the London and US markets (+/- 5:00 pm London time and +/- 5:00 pm New York)  The close of these markets can create trends or trend corrections until the Asian markets open. This period has fewer announcements and has fewer fear and greed type of moves. This is a highly tradable period with some good repeating patterns.   6 Economic Announcement times  Economic announcements result in new financial information about an economy being released. The disclosures often happen at a precise time of day and can cause trends when the news is not in line with what has been expected. Announcements are generally regarded as a high risk time to trade as they could result in higher velocity price moves and whipsaws.  The best way to trade these announcements is not to trade them. If you are in a deal you need to exit the deal or move your stop to protect your trade from disaster. Brokers tend to increase their spreads prior to a big announcement to discourage trading.   7 Weekend Gaps  Weekend gaps are quite common in Forex trading. A recent analysis of the weekend gaps since the beginning of 2009 shows that on average 80% of weekend gaps are closed within a day. The average gap is +/- 19 pips.  The way to trade the closing of these gaps is to enter a deal on the Monday morning with the Friday close price as the target. Your stop would generally be the same size or double the size of your target in pips.  Additionally we need to focus is on simple and easy ways of trading the 'time of day' Forex market.   Straddling the price range  Often market behaviour prior to an important announcement or event, will cause the market to trade sideways in a narrow range of uncertainty. Nobody knows which way the market will move prior to the new information becoming available. Once the information is available, the market will trade in a particular direction. The most common way of dealing with this is to place a Buy order above the consolidation and a sell order below and let the market decide which one will be activated. This approach can be used for any type of consolidation. The 5 to 15 minute charts work well with this approach   Straddling a specific candle  When the market is trending at the time of the potential trend starting event or time, you can merely straddle the candle just before the event. The amount of the straddle could be 5 to 10 pips above and below the high and the low of the previous candle. The 5 to 15 minutes charts work well when using this approach   Trading away from a specific price level  Sometimes the price does not head in a specific direction at the time anticipated. Traders can use a specific price level such as the 8:00am GMT level as Sell and Buy Zone divider. You would then buy when the price is above the price level or sell when the price is below the price level UNTIL the price finds its trend for the day. This can be monitored on the 5 to 15 minute charts   Scalping to find the market direction  Traders often use scalping to find the market direction. There are many ways of scalping. A common method is to use a moving average (3 offset by 3) which provides great scalping opportunities until the market eventually finds its direction. This approach is best used in more liquid markets such as the opening of Asian, Europe and US. You can use the 5 to 15 minute charts for this approach.  The objective of this review is to create an awareness of the importance of time of day in Forex Trading. Technical analysis is a good tool for getting you into deals and exiting deals. Technical Analysis alone is not Forex trading. You are not going to make money using technical analysis on its own.  The market moves in unpredictable ways because of new information entering the market (Announcements and news) and because of time of day factors (Opening and Closing of markets).  You have to master and understand market behaviour which regularly repeats itself, before you can apply technical analysis, risk and money management.  If you are you having trouble receiving your 8020Prosperity.com subscription, you can ensure its arrival in your mailbox by [whitelisting 8020Prosperity.com and members@8020prosperity.com.]( 8020Prosperity.com (collectively, the “Company” or “we” used herein) bears no responsibility or control over the content of the advertisement and/or the product or service offered. This email is a paid advertisement. It is for a product or service that is not offered, recommended or endorsed by 8020Prosperity.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. 8020Prosperity.com, all individuals and companies affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. 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