My trading is based on trading against trapped traders at market extremes using volume/cumulative delta/price action, as well as at Support and Resistance/ledges which I deem to contain large amounts of trapped traders and volume.
Current markets are the bund and dax futures.
Both great markets, partly because they follow fairly fixed times when volume/volatility comes into the market. For example, cash Dax opens 7am (UK time) and then the full market open is at 8am UK time. As such, I know that there are huge flows during this period (especially the 8am open) as the underlying share markets in Europe/London open, and that Support/Resistance levels and beaten volume are at their easiest to read/most strong when it happens from 8-9am. Or sometimes in the first 5 minutes in the Dax today (8-8.05am).
The bund is the same, great trading in the early morning period, although not quite as fixed as the 8am open as large volume can come into the market before 8am. But even bearing this in mind you still know that volume flow is heavy from 7-9am, and of course, as it's futures you have volume to give you all the info you will need.
Am looking to branch out into the GBP/USD and EUR/USD futures, and have been tracking their respective futures markets using the same methodology r.e. trapped traders etc. However these markets are not the primary movers for their respective spot forex markets where HUGE volume is transacted daily, and over a 24 hour period on top of this.
On the futures markets you can see volume pick up at 8am sometimes but it's certainly nothing like the fixed market open of the Dax futures/other index futures etc.
So my question is, does anyone have institutional experience to comment on when (in general) heavy volume flows into the GBP and EUR/USD spot forex markets? I'm aware that this is a bit of a 'how long is a piece of string' question, but all I'm after is a better understanding whether 'in general', 7-9am GMT is when heavy volume tends to hit the market and then gradually slacks off, or whether heavy volume hits at the 8am open just like the Dax. Please note that I'm talking about spot forex and not futures-I can see futures volume data but this is absolutely tiny compared top the massive amounts that enter the spot forex markets which the futures market track. Spot forex is the 'parent' market, and sadly as we all know there is no volume data for that!