Trade time division/time table
1. AS Time( UTC 0:00-2:00 )-obviously Asian traders are the main force in the market, and the main effective time is before UTC 2:00. Also I call it Morning Time because it is in the morning in Asia.
2. EU Time( UTC 10:00-11:00)-European market has opened already then, and also European traders has set their positions, so the direction of the market has been determined in all probability. I call it Afternoon Time because it is in the afternoon in Asia
3. AM Time( UTC 12:00-15:00)-American market begin to open and American traders begin to set their positions,also usually lots of important data will be released in this time zone and the market becomes active. I call it Evening Time because it is in the evening in Asia
4. Dawn Time( UTC 15:00- )-this time zone cannot be defined accurately because it cross all the AM Time,often it is after UTC 15:00. The main quotation usually has finished in AM Time and the market begins to enter correction stage that important support or resistance which is significant to next day 's trade creates in this time zone.
Above all, the time division must be remembered precisely because it will be used frequently in following tips.Another important thing is this time table is Summer Time for traders, EU Time and AM Time should be delayed one hour in Winter Time.
Less is more, slow is fast!