Quote from magister:
Do notice however, although the euro session is definately not what it used to be, about roughly 1-2 hours after the US market opens at 9:30 AM EST, you often see strong powerful momentum come into the market, seeing forex pairs break thru major support/resistances, fibs, trendlines, etc.
Buy low and selling high goes out the door and during these phases one really has to get into the mindset of buying high and selling higher. Sometimes it starts a bit earlier like 15 minutes after the open, other days it takes 2 hours, somedays it just does not materlise, but it was happening at least twice a week...well at least before the summer doldrums really set in.
