TRADING SMART - ADVISE NUMBER 2
THERE IS AN HOUR IN THE MORNING DURING WHICH YOU CAN TAKE ALL THE PIPS YOU MIGHT NEED FOR THE DAY.
ITS CALLED THE CHINESE HOUR.
THIS HOUR HAPPENS AT 0600 UTC. ITS EXACTLY WHEN THE TOKYO SESSION CLOSE AND LEAVES DUBAI, SINGAPORE AND
SHANGHAI TO HAVE ONE HOUR OF ITS OWN UNTIL THE EUROPEAN OPEN.
THE KEY HERE IS THAT DUBAI WITH ITS OIL DOLLARS AND CHINESE EXPORT COMPANIES WHICH MAINLY GETS PAID
IN DOLLARS DONT REALLY NEED TO BUY MORE DOLLARS.
BUT WHAT THEY DO TEND TO DO DURING THIS HOUR IS TO CONVERT THEIR DOLLARS INTO EUROS AND POUNDS.
MAKES SENSE DOESNT IT.
SO BE READY TO ENTER EURO AND STERLING TRADES WITH TIGHT STOPS ON ONE OR AS MANY PAIRS YOU WANT
AND GRAB WHAT YOU CAN.
TRAIL YOUR STOPS AND LOCK IN PROFITS QUICKLY UNTIL THE END.
THE CHINESE HOUR IS VERY EASY TO TRADE BUT REMEMBER - IT DOESNT HAPPEN EVERY DAY
THERE IS AN HOUR IN THE MORNING DURING WHICH YOU CAN TAKE ALL THE PIPS YOU MIGHT NEED FOR THE DAY.
ITS CALLED THE CHINESE HOUR.
THIS HOUR HAPPENS AT 0600 UTC. ITS EXACTLY WHEN THE TOKYO SESSION CLOSE AND LEAVES DUBAI, SINGAPORE AND
SHANGHAI TO HAVE ONE HOUR OF ITS OWN UNTIL THE EUROPEAN OPEN.
THE KEY HERE IS THAT DUBAI WITH ITS OIL DOLLARS AND CHINESE EXPORT COMPANIES WHICH MAINLY GETS PAID
IN DOLLARS DONT REALLY NEED TO BUY MORE DOLLARS.
BUT WHAT THEY DO TEND TO DO DURING THIS HOUR IS TO CONVERT THEIR DOLLARS INTO EUROS AND POUNDS.
MAKES SENSE DOESNT IT.
SO BE READY TO ENTER EURO AND STERLING TRADES WITH TIGHT STOPS ON ONE OR AS MANY PAIRS YOU WANT
AND GRAB WHAT YOU CAN.
TRAIL YOUR STOPS AND LOCK IN PROFITS QUICKLY UNTIL THE END.
THE CHINESE HOUR IS VERY EASY TO TRADE BUT REMEMBER - IT DOESNT HAPPEN EVERY DAY
