Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods.
Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies.
Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
Newyorksession
GBPUSD: Updated Chart, Price is Approaching Buying Zone! FX:GBPUSD
As we previously stated in our chart that we expect price to drop nearby to our entry zone however, price continued to rise and then started dropping please be minded that there Amy be early price mitigation due to this vary reason. In our opinion stick with the plan and do not take any early entry as there may be trap before the actual trade begins. good luck.
NAS100USD: Bearish Setup Targeting Weekly FVG!Greetings Traders!
Brief Description🖊️:
Currently, on NAS100USD, I am anticipating a potential bearish draw in price action. The M15 chart has shown the beginning of a bearish decline, and it’s crucial to follow the market's trend until signs of reversal appear. One key confluence is the respect of an H4 bearish order block, establishing a firm resistance zone.
Things I Have Seen👀:
H4 Bearish Order Block Resistance🟥: Price is respecting this zone, confirming it as strong resistance.
M15 Buy Stops Cleared✅: Price cleared M15 buy stops above the resistance before reversing, indicating smart money engineered liquidity before driving price lower.
M15 FVG & Bearish Order Block: These are the zones where I will be waiting for confirmation entries.
Bearish Targets🎯:
Weekly FVG (19,760.8): This is the primary target for the bearish continuation.
What's Important Now❗
Monitor price action around the M15 FVG and bearish order block for confirmation before entering. Ensure to conduct your own analysis to validate this outlook.
Best Regards,
The_Architect
AUDUSD LONG IDEAAUDUSD LONG IDEA
1. MONTHLY+WEEKLY+DAILY+H4 TF ALL STRUCTURE BULLISH
2. PRICE MAKING HIGHER HIGHS
3. LOOK FOR A BULLISH SIGNAL @0.6890 TO 0.6900
SL 30 PIPS TARGET @ 0.7000
PRICE AT ROUND LEVELS.
MORE THAN 3R TRADE POSSIBILITY OANDA:AUDUSD
NAS100USD: Bullish Momentum with Focus on FVG Targets!Greetings Traders!
Brief Description🖊️:
Currently, NAS100USD is displaying a bullish delivery in structure, with institutional order flow entirely bullish. It's crucial to align with the market trend by identifying price action confluences that present buying opportunities. The H1 structure is supporting a daily Balanced Price Range (BPR), where the market has efficiently delivered price. Given this, I anticipate further bullish movement as price seeks to fill inefficiencies like Fair Value Gaps (FVGs) and Liquidity Voids.
Things I Have Seen👀:
Bullish Institutional Order Flow📈 : The market is delivering bullish price action, supported by H1 structure.
H1 Buystops Taken✅ : Price has cleared H1 buystops and drawn into an H1 FVG, where I am looking for confirmation entries for a potential continuation upwards.
Bullish Targets🎯:
H1 Bearish Order Block (20,355.7): This is the initial upside target, representing the last efficiently delivered price action.
FVGs Above: After reaching the H1 bearish order block, I expect price to fill the inefficient price action (FVGs) left above this zone.
What's Important Now❗
Monitor the H1 FVG for confirmation entries and align with the overall bullish structure, as price is likely to continue its upward trajectory toward filling inefficiencies in the market.
Best Regards,
The_Architect
GBPUAUD SELL TRADE IDEA SIGNALGBPAUD SHORT/SELL SETUP 23 SEP-27 SEP 24
1. DAILY & H4 TF IS GETTING BEARISH
2. UNABLE TO SUSTAIN HIGHER HIGHS
3. SONSOLIDATING NEAR PSYCH LEVEL OF 1.9500
4. Look for sell signal below 1.9500
Sell @1.9495/1.9490 SL- @1.9530 Target1-1.9370
Risk Reward of 1:3 OANDA:GBPAUD
NAS100USD: Sell with Focus on Daily FVG!Greetings, Traders!
Brief Description🖊️:
Currently, NAS100USD has switched to a bearish institutional structure. After retracing into a Balanced Price Range (BPR), price is respecting this zone, signaling a potential continuation toward the downside. The BPR reflects an area where price was delivered at fair value, balancing both buy and sell sides. I am closely watching for confirmation entries on lower timeframes to ride this bearish momentum toward my targets, which align with the Daily Fair Value Gap (FVG) and H1 sell stops.
Things I Have Seen👀:
Bearish Momentum📉: Price is trading within a BPR, suggesting a continuation towards the downside after retracing into this zone.
Balanced Price Range Resistance 🟥: The BPR is expected to act as a resistance level, guiding price lower.
Bearish Targets🎯:
Sell-Side Liquidity : Targeting sell stops on the H1 timeframe.
Daily FVG : Expecting a draw toward the Fair Value Gap, where inefficiencies in price delivery exist.
What's Important Now❗
Monitor price action during the New York afternoon session for volatility and look for sell confirmations on lower timeframes to align with the overall bearish bias.
Happy Trading,
The_Architect
XAUUSD 09102024 30mPrice is still ranging on the HTFs. The daily candle on September 9 closed bullish at 2506.94 .
On the LTFs, price is ranging between 2507.15 and 2500 . This is a high-risk range, so no trades will be executed within this zone.
I will wait for potential buys above 2507.15 , targeting the daily resistance at 2516 and the 30-minute resistance at 2522.35 .
I will look for potential sells below 2500 , targeting the 4-hour support at 2492 , with further downside targets at the 30-minute support of 2486 , or the previous daily low at 2485 .
GBPUSD- Trend Continuation setupSuccessful trading is knowing what to do and doing what you know. The knowing part is very simple but the doing part is not easy that is why most people struggle in trading.
This afternoon, during the New York session, my focus is on GBP/USD. We are buying based on the H4 timeframe, where the wave structure remains bullish since the price hasn’t closed below 1.30877.
Another confirmation comes from the H1, which has only shown three waves down so far. While a fifth wave may appear, it’s likely to be a higher low following the current upward move on the M15 chart.
As long as the M15 stays above the New York session opening range, we will continue buying.
Happy Trading!
GOLD shortSeeing the demand weakening, I have decided to open a short right on a FVG that was formed and wait for a reaction to a temporary swing low. It really looks like gold is going to fall quite a bit but well, one step at a time. The important thing is to generate profits and protect capital. OANDA:XAUUSD
Update on XAU USD market-structure. See chart below please.
On the important 1HR timeframe and critical 50 EMA where it gets most of its support and cues from, for the 5 hours it has still had this support despite some bouncing around and increased volatility on the lower timeframes.
Mr Powell addresses at 10am NY time and New Home sales we would like a bearish figure and an upbeat Mr Powell who probably is a bit anxious the past few weeks.
Enjoy your trading today.
We have some bullish heads n shoulders patterns that may execute later. I think it might be a profitable day for you (I mean night for me). Stay tuned.
Regards,
Chris
Friday 23, N.Y Gold & USDX: Very very interesting...See charts!
Happy Friday guys, I was tired & late getting into the Asian session earlier. But as soon as I locked-horns with my 42" monitor I saw that Gold & Silver were in a mild upside rally. I soon took a long position & recommended one for you in Silver which was rallying stronger than gold.
The gold price struggled at resistance from 2490 to 2500, not strong resistance at 2490 but volume is always lighter in the Asian session. We quickly booked a profit, I am hoping you did as everything happened so fast in a Long trade which only lasted 40 minutes or so. What happened next? Plz read on below.
I saw that price kept getting rejected at the 20 EMA on the lower-time-frame. I decided to go Short & I recommended a very small lot-size Sell-stop below where price was I think from memory my Sell-stops were around 2489 or thereabouts. Next, I distracted myself on another project on the 'hotcopper' forum with a bullish lithium company I am very heavily invested in called Raiden Resources RDN is the ticker, if you want to check it out, I will never sell Stock trades but this thing is looking good, but you google the stories on Raiden Resources if you wish.
So, I had no Stops on my Short because I generally do not like Stops because I find 9 times out 10 the Market-Makers will hunt your stop down so that Mr & Mrs Market-Maker make their big fat wealthy private bank clients wealthier. Maybe that's a bit harsh, but I often wonder.
So the Gold price found support because I took my eye off the field & forgot to book profits and the Gold price started to properly find support and some strength above 2490.
Guys, that is enough on that. Look what concerns me in Friday trading are these bullish Head 'n' Shoulders patterns & on multiple timeframes. We are still about 0.31% from the trigger line & look they probably won't play out today, but what about next week? If the USDX does turnaround next Monday & it certainly could do that because it is very oversold on the Stochastics. However, the path of least resistance for the USDX is further down because it's below its moving averages & how many bloody times do we go Long & then close out of the trade & look at a higher-time-frame & exclaim to ourselves, 'I am an idiot the trend was down / the path of least resistance was down - Why did I go Long'. I used to do it all the time when I was a very green, greedy & gullible trader. Well I still get greedy!
I will monitor these H & S's on the ASDX.
I see where the boss speaks today, The Fed Chair, Mr Powell at 10am Eastern Time USA & Canada and we also have another chat from FOMC member Bostic. My feeling is that Mr Powell has maybe felt a bit anxious lately & he may give our market a bit of a boost today by reiterating the theme of interest rate reduction(s) next month which of course will bode well for Gold & Precious Metals in general.
Further on the Economic Calendar today, we have Building Permits at 08:30am & then New Home Sales at 10am, the latter having a bit more weight and bearing on our trading. Unless you are looking to Short the Gold price today, with our 2 speakers hopefully talking up an interest rate reduction & if the other 2 mentions on the economic calendar come in a bit bearish then this will be poor or the USD but more than likely supportive of the Gold price and getting back above 2500, which I think is where the 50EMA sits on the 1 HR Chart.
So recapping, my feeling is that today will be bullish for Gold depending on New Home Sales mostly but Mr Powell's endorsements rate reductions for the US economy commencing next month will shrug off any bearishness in the Gold price.
In addition to the Head 'n' Shoulders patterns for the USDX (see the 1st set of charts), I have scouring Precious Metals searching for other H & S's patterns so I will be posting these charts so that you have a road-map for the possibility of taking these H & S trades which are predominately bullish ones, I will post these below very soon & I have tradingview alerts set for when price gets near the neckline.
Cheers,
Chris
USDCHF | Short Term PredictionD : Bearish Trend
15m :
"Wait for the NY Killzone session to take sell-side liquidity for a long position.
Wait for the NY Killzone session to take an immediate buy-side liquidity sweep from previous sessions, and also a buy-side liquidity sweep within the NY session, then take a short position.
Do not deviate from the 1-minute confirmation process."
USDCHF | NY Killzone | Buying Opportunity 15m : NY Killzone took all the sell-side LQ
after 15m and 1m bullish confirmation we can take Long Position
US30USD: Potential Buy OpportunityGreetings, Traders!
Brief Description🖊️: Bullish momentum is building on US30USD after a retrace into discount prices, with potential for upside continuation.
Things I Have Seen👀:
- Bullish Momentum📈: Gain momentum after retrace into discount prices
- Respected Discount Arrays📊: FVGs holding, indicating potential for upside move
- Price Action📈: Push to upside to take H1 buy stops, followed by retrace into FVG
Analysis🔍:
- Anticipating hold of FVG and continuation to upside
- First Target Objective📉: H1 buy stops
- Second Target Objective📉: Order block, importance due to liquidity void needing to be filled
What's Important Now❗:
Monitor price action around key levels for confirmation of bullish continuation.
Kind Regards,
The_Architect
US100USD: Promising Buy-Side Potential!Greetings, Traders!
Brief Description🖊️:
Currently, on US100USD, I am observing bullish momentum entering the market. After retracing into discount prices, the price began pushing upwards, engulfing bearish candles and indicating a change in state of delivery, which means a bullish order block formation. The price then retested this order block, found support, and another bullish order block was formed, which is currently being tested. The mean threshold (middle line of the order block) has been rejected multiple times, suggesting that the order block may strongly hold as support, allowing the price to continue rising.
Things I Have Seen👀:
Bullish Momentum📈: The market is showing signs of a bullish order block formation after retracing into discount prices and pushing upwards.
Order Block Support🟢: The mean threshold of the current order block is being rejected multiple times, indicating strong support.
Bullish Targets📉:
Failure Swings: These possess buy-side liquidity.
Liquidity Void: The main objective is to fill this inefficiency.
Balanced Price Range: Located above the liquidity void, it is the last point where the price was efficiently delivered.
What's Important Now❗
Monitor the price action around these key levels to confirm bullish continuation and identify profitable trading opportunities.
Best Regards,
The_Architect
NAS100USD: Potential Buy Opportunity for NY SessionGreetings, Traders!
Brief Description🖊️:
Currently, institutional order flow on US100 is bullish, therefore we are looking for price to take sell stops in order for a turtle soup trade condition (false break).
Things I Have Seen👀:
Bullish Institutional Order Flow📈: Anticipating price to continue to the upside after sell stops have been taken. Smart money will look to order pair (buy against the sell-side liquidity).
Potential Sell Stops🔄: Price may take sell stops before buying, presenting a turtle soup condition (false break of structure). After sell stops have been taken, I will look to take a confirmation entry.
Bullish Targets📉:
Daily FVG: The primary target.
M15 Bearish Order Block: The secondary objective, with an expectation to fill the liquidity void there.
What's Important Now❗
Stay observant for price action around these key levels to confirm bullish continuation.
Best Regards,
The_Architect
EUR/JPY reaching 0.618 fib and a good supportLets wait and see what New York session provides us with opportunitets. We should not stress to much and take unnecessary positions. Wait for a bullish candlestick confirmation.
Good luck!
Rinse and Repeat Simple Intraday Momentum Trading StrategyI illustrate my simple short term USA session strategy and also talk about the importance of the USA session when it comes to trend changes and daily bias changes
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Pre USA Setups I'm Looking at for Intraday Momentum ScalpsHey traders, a preview for how to apply my simple momentum scalping strategy to the USA session today.
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Weekly Momentum Scalping Strategy RECAP | Nov 27 - Dec 1Hey guys, join me for a refresher of last week's trading.
The goal of this video is to reaffirm our simple and effective US session scalping strategy with the following steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Additionally, how to avoid bad setups with the strategy
Thanks for watching
The Power of the 30 MIN Chart for Intra-day ScalpingIn this to-the-point walk-through I'm letting you guys in on this super simple scalping strategy which took me years to boil things down to. Let's dive in!
DOW JONES TRADE IDEAUS30 was bullish through out last week, we also had NFP news last week which was also bullish. We should expect strong retracement to the downside.
