Chris Capre in this video speaks about Intraday price action trading. For those who are begginners with Forex trading he recommends start trading on the 1 hour and 4 hour charts because you have more time to take decisions and you have more data/ticks in them. Once you develop that skillset and have become profitable over 6 months period you can shift to lower timeframes.
This video looks at volatility of Spot Silver for example. Looking at Intraday volatility on an hour by hour basis, if we know at what time that the intraday volatility is increasing strongly, translate into and if we pick the direction, if there is a strong increase in volatility at the time we are entering into the market then there is a greater chance of the directional movment that we have picked can go further in our favour thus giving greater Risk to reward ratio.
When the Volume—Volatility is increasing so that we call the direction right in our trades, we are going to get a lot of movement out of the market.
Looking at hour by hour basis, when New york traders overlap with London traders we also have Chicago traders coming in, they are very big commodity traders — during this moment of time we have the highest range in volatility in an hour to hour basis. By participating in these hours if we call the right direction we have the greatest chance of price moving farther in our favour thus giving greater Risk to risk ratio.
By London close we see the volatility drops and if we are looking for market to continue in our favour chances are reduced because there is less volatility and less participation and therefore tends to be less directional commitment.