XAU/USD Asian Range Backtesting Notes: Asian Range is 19:00 - 00:01 (7pm-midnight est) on 1Hr time frame
Gold plays well off the Asian range
Highs and lows are usually Whole numbers ; Asian mid is on or around the 500 lvl
Best entries (London): 12:30 - 2am est after range has completed
Best entries (New York): 7:30 - 8 est
Entries taken from the Asian high low ONLY after the range has completed
Profit levels can be found previous Asian levels or previous higher time frame
Highs/Lows (look left for history)
TRADE THE TREND: Marking off Asian levels on a consistent basis help build the story for which trend is in play. From day to day, asian levels turn into each other often or turn into opportune entry points. (i.e Tuesdays Asian High = Wednesday Daily High, Wednesdays Asian High = Thursday Daily Low)
Avoid countertrading for the biggest rewards & chances to scale in on one position.
BE PATIENT! Trading outside the times & zones will leave you in consolidation, whipsawed, stop hunted or just waiting for price to move vs getting parabolic movement after entry.
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