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Asiansession

$GBPUSD - Sell Side Liquidity at -1 Standard Dev. *SMT*\*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* Asian Session Lesson - Doesn't always happen but I believe the way it is forming it will. During the Asian Session the high of that session did break a high from last asian session. If you box in the asian session and draw out the deviations, (1x, 1.5x, 2x, etc. you might find some confluences. Also take note of the opening price at midnight (1.14320). If you notice the rere are equal lows below the current price. Which is where the liquidity lies, where retail traders place their buy limits and sell stops. Usuaully when you see this after an asian session the price will rise during the London session to get you to believe that it's going to continue the trend. However, what smart Money usually does, is they will find a point that may bne higher than the high but usually at a bearish order block near the high or deviation. This is where the Judas swing comes into play. And this will have most retail traders buying into that high. Could drop a little at first ti get even with the current even lows or drop just a little below them. The rise up during London Session, above NY Opening price, That's when you expect price to hit the bearish order block somewhere and start to drop on the other side of the price of hte new york open. In my educated smart money guess, it would het just above the current high and then start plummeting as soon as London is about to slow down 4 am ish. 6 am you see it pixk back up and move up into a breaker or a bearish order block it formed , and fall harderpast the equal lows probably to the -1.5x deviation of the Asion Session, Aroun 1.13200 Here's my two guesses on one chart. Let's see if that's wut Smart Money Wants to do. If it even wants to do that at all. I could be wrong and it just go straight up through the liquidity above. But the equal lows have me against that. Price 1 Attacks Liquidity and 2 Moves towards imbalances I had to add another chart because I have people that follow me that say my numbers are too small so I made one that a=had big numbers for them and it was more focused on the area. I'll update as it goes on when I can. It already looks like price is swinging up though There's a smart Money Lesson for the day Good Luck and Happy Tradin g Bodies X Wix OANDA:GBPUSD
Short
by BodiesXWix
Asian Trading SessionHello everyone! Each trading session has its own characteristics. According to these features, you as a trader should act. And today I want to discuss with you the specifics of the Asian trading session. Working hours The Asian trading session is open from 19:00 to 4:00 New York time. Trading in Asia begins with Tokyo, the main trading center is opened, the Tokyo Stock Exchange, followed by all the major financial institutions of Japan. The centers of activity of the Asian session are Tokyo, the largest financial center in Asia. Then, in an hour, Hong Kong and Singapore open, which contributes to the increase in trading. The trading peak is reached at the opening of the European session, which overlaps with the Asian one at 2:00 New York time. The Asian and Pacific sessions coincide in terms of working hours and therefore they are often considered as one. The trading period at this session coincides with the opening hours of the largest Asian exchanges, such as the Hong Kong Stock Exchange, the Israeli TASE, the National Stock Exchange and BSE in India, the Shanghai and Shenzhen Stock Exchanges in China, the Abu Dhabi Stock Exchange and DFM in the UAE, the Saudi Stock Exchange, Singapore SGX, Korean KRX, as well as the Japanese TSE, which in many ways is the market conductor in the Asian session. Also, during this period of time, trading is underway on the Australian ASX, the New Zealand Stock Exchange in Wellington, as well as the Port Moresby Stock Exchange. Currency pairs It should be understood that during the Asian session, the Asian currency is characterized by increased volatility. Currency pairs with the Japanese yen: AUD/JPY, CAD/JPY, CHF/JPY, EUR/JPY, GBP/JPY, HKD/JPY, NZD/JPY, SGD/JPY, TRY/JPY, USD/JPY. Currency pairs with the Australian dollar: AUD/CAD, AUD/CHF, AUD/USD, EUR/AUD, GBP/AUD. Pairs with Hong Kong Dollar: EUR/HKD, GBP/HKD, SGD/HKD, USD/HKD. There is also an increase in volatility in the currency pairs CHN/USD, CHN/RUB, EUR/SGD, GBP/SGD, USD/SGD. It is these pairs that traders pay the main attention to during the Asian session. Session Features The Asian session is considered to be the calmest session, where sharp fluctuations are practically excluded, so it will be easier for beginners to trade at this time. Due to the fact that the market is closed on the weekend, on Monday, driven by the news of what happened over the weekend, the price can create strong movements and even form gaps. Asian traders form a trend that is most often supported by European and American traders. The main players during the Asian session are the Japanese Central Bank, as well as large companies. The economies of Japan and China are export-oriented, which causes their companies to be more active in foreign exchange transactions. Due to the active activity of the state in the market, which are caused by the currency interventions of the Japanese Central Bank, significant deviations of the Yen can be observed, and since 16% of all transactions in the market take place with the participation of the Yen, this also affects other currencies. Conclusion It should be understood that most of the time the market is influenced by the state, which by its actions (interventions) pushes the market and creates a trend. That is why news monitoring, tracking the economic indicators of the Asian region, greatly help to predict the future movement of the market. The Asian session is the quietest trading period, the most suitable for training beginners. Strong jumps are quite rare, while trends are often replaced by strong sideways movements. Volatility during the Asian session is considered to be the lowest, which makes it the least convenient for scalping strategies and the greatest for technical analysis. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
15
US30 LONG I am currently in a US30 buy. A very strong resistance level of 32335 was broken earlier in the day. I expect a continuous trend of higher highs and higher lows until the next resistance point is reached (32800) and respected. A W was formed on 15min so I analyzed it on the 5 min time frame and jumped in what I believe is a quick pullback. Asian session should be backed by enough volume to bring market price up to 32800 being as the resistance level i was worried about has now been broken and is no longer respected.Good luck and use proper risk management.
ULong
by The8thWonderTrader
2
AUD/USD Sells Price has displayed a bearish sentiment and momentum for some time now. This analysis is based on a few technical factors: - Weekly momentum to the downside is very high - The previous daily lows have been breached - Current price has retraced from support in order to achieve a discounted entry Targets have been set at a significant support region and I intend to scale out and go breakeven to secure a risk free position. More importantly, this means I can get to sleep here in the UK lol. Hopefully this analysis is useful regardless of the outcome!
Short
by JRonaldTrading
AUDJPY Can rally to the top of the triangle on the weekly. The market is in a triangle on the Weekly. -Price tested the Key Level (Dark Purple) in the rally from the support trendline. If the bulls prove to be in control, it would be on the retest of the minor resistances trendline . (Price can react to the small "Key Level 2") Buys can present th emselves at the trendline of the low of the last week. Looking for price to rally to the top of the triangle. (Price can react to the Watch Zone (Light Purple) previous watch zone) W e are working on our website to share our charts and red list. We mark up 10 charts for all three sessions. Follow for more information on how to join the Nebula. We will optimize the charts for light and dark mode.
Long
by Nebula_Fx
ICT Concepts Trade OTE_Asian Range_Spot High Probability SetupsHello everyone, In this tutorial, we're looking at ICT precise concepts that can be spotted few days a week for a high probability setups. I will post trade ideas as they are forming so that everyone shall consider taking and learn from... Keep updated there is much to come.. Don't forget to ▶️ LIKE AND ▶️ FOLLOW for precise ideas and.... Do let me know what you want to learn more about or if something is unclear to you... Your comments are welcome!
by MST_Trader
Asian Scalp Tutorial Hello Traders! This is my favorite setup. My most traded setup. The only Intraday I enjoy trading. Buy setup: Look for short term lows formed in the New York Lunch Session. Once price purges the short term low, go long. Aim for a short term high or clean high as a target. Sell setup Look for short term highs formed in the New York Lunch Session. Once price purges the short term high, go short. Aim for a short term low or clean low as a target. I have many examples and post, I will link a few because I have so many of them. Do know this setup could possibly* provide 20-30 pips everyday.
by ForensicForex
4