Asian–European overlap: 2–4 a.m. ET

The trade intensity in the Asian–European overlap period is far lower than in any other session because of the slow trading during the Asian morning. Of course, the time period surveyed is relatively smaller, as well.

With trading extremely thin during these hours, risk-tolerant traders can take a two-hour nap and risk averse traders can spend the time positioning themselves for a breakout move at the European or U.S. open.