Hello
I have just finished reading your book and i am asking a question relating to the Book last chapter about Bank traders from different country banks co-operating in a timely fashion so at to all the respective currency pair participating international banks market maker traders are placing their respective interest trades at specific times of their local country currency daily trading hours to make their pertaining Bank cartel participation profits.
2] Is there any truth in the presumption Bank traders physically place their trades before their lunchtime break and after their lunch break ?
2,1] EG ie EUR/JPY – what time GMT would European bank traders place trades before and after their lunch and respectively what time would the leading into the EUR session would the JPY bank traders place their trades before or after their lunch breaks or when eg Japanese Bank traders place their trades before or after their Tokyo GMT Afternoon tea breaks etc ??
3] Eg EURUSD as above # 2,1] what times GMT do Frankfurt Bank Traders place their trades
and NY USA Traders place their trades respective to each countries morning tea breaks /
lunch breaks and or afternoon tea breaks ????
4} Eg GBPUSD as above # 2,1 & 3] ] what times GMT do London Bank Traders place their trades and NY USA Traders place their trades respective to each countries morning tea breaks / lunch breaks and or afternoon tea breaks ????
5] Eg AUDJPY as above # 2,1 & 3] & 4] what times GMT do Sydney Traders place their trades and Tokyo Bank Traders place their trades respective to each countries morning tea breaks / lunch breaks and or afternoon tea breaks ????
6] On this subject query anything else as far as usual rythme Country Bank traders time of day actions i should be aware of please ?
My Response:
Bank traders place trades pretty much all the time…
While I can’t pinpoint exactly when they place their trades, a significant amount of trading activity occurs at the opening of each trading session.
This is likely due to high liquidity levels in the market at these times…
Key Insight: Bank traders usually buy/sell during high-activity times in the market… The two most active periods are the opening and closing of each trading session—times when a massive amount of trades are being placed or closed.
As such, these periods are probably when banks make most of their trading decisions…
Hope this sheds some light on your question.
PAN.