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GBPUSD 1.28715 + 0.19% SHORT IDEA ASIAN SESSION TRADEHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from INTRA DAY TIME-FRAME ANALYSIS GBPUSD 15 M TF * Friday opens with a sweep of NY lunch session highs. * Trading above the True Day OPEN confirming a Judas swing at play for shorts. * Seems we may see a reversal before continuation, with the CISD On the 1H. * GBPUSD took External range LQ , looking for that internal range LQ to be taken. * This move will be delivered from The 15M -OB * CONFIRMATION of this short idea is if we see rejection at pd arrays with significant 🐻 candles **IF CONFIRMED TP 1 - ASIAN LOWS TP2 - TREND LQ AT PROJECTION 2.5 5 M TIME-FRAME HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
8
Potential EURGBP Sell IdeaAmidst the current consolidation of DXY , my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation. I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session to initiate sell trades , with targets set on the Daily Sell Stops and/or the H4 Discount FVG. It's noteworthy that our approach involves transitioning from External Liquidity to Internal Liquidity . As evidenced on the Daily Timeframe, we've already filled a Daily FVG, prompting our focus on External Liquidity, specifically the Daily Sell Stops. Kind Regards, The_Architect
Short
by The_Archi-tect
Trading sessions liquidity huntLiquidity serves as the driving force behind all markets. The fundamental driver of any price shift involves the creation and aggregation of liquidity, with the objective of accumulating or distributing positions among market participants. Accumulating positions necessitates counter liquidity to fulfill orders and initiate positions in the desired volume. Liquidity is therefore established within specific price ranges, with the intention of later manipulating it toward the accumulation of counter liquidity, ultimately achieving the goals of order fulfillment. The bulk of liquidity, including stop orders and liquidations, tends to congregate around technical and psychological support/resistance levels, which can be observed retrospectively through the analysis of clusters and volume profiles. Engaging in trading based on a one-time reaction, characterized by a substantial cluster forming during the breach of a particular price level, can lead to premature entry and potential losses, driven by inaccurate expectations of either a price breakthrough or deviation from calculated reference points - An approach that leans towards caution, involving the selection of a trading setup once liquidity has been obtained from the previous trading session's highs/lows within the prevailing trend. This process is carried out while ensuring alignment between higher and lower timeframes. - The primary objective is capital preservation, which is accomplished by minimizing risk to the range of 0.5-1% per trade and adjusting open positions to the break-even point after confirming the trend's structure. - The strategy opts for an entry technique that boasts a high mathematical expectation of success. - Fresh positions are initiated exclusively during periods of elevated market volatility, particularly during the optimal trade time (OTT) sessions in London and New York. The focus is directed towards trading setups featuring risk:reward ratios ranging from 1:3 to 1:10. Given the dynamics of market participants accumulating and distributing their positions during trading sessions, it's reasonable to assert that liquidity forms outside the fluctuations of these sessions. This liquidity is typified by stop orders and position liquidation within the scope of a micro-trend. Consequently, it can be inferred that the commencement of the subsequent session will involve manipulation. The aim of this manipulation is to interact with such liquidity to amass positions in the opposite direction. Coupled with heightened volatility during the session's commencement, this provides opportunities to initiate positions before the impending price movement. The primary criterion for entering a position will be the disruption of the existing structure following the capture of liquidity. Additional factors might encompass corrective momentum, liquidity in the opposing direction acting as an attraction for distributing accumulated positions during manipulation, and the formation of trading ranges with deviations, among others. Entry into a position occurs on a lower time frame, emanating from an untested supply/demand zone. An additional aspect to consider is the presence of local liquidity before reaching the entry point.
BITSTAMP:BTCUSDEducation
by Crypto4light
Timezone Sessions for intraday trading Here is an examples of most often models for intraday Asia range - London manipulation - NY reversal Asia expansion - London consolidation - NY continuation Asia range - London expansion - NY consolidation Hunting liquidity stop losses Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
When Is The Best Time Of Day To Trade Forex?The forex market, renowned as the world's largest and most liquid financial market, facilitates the daily trading of trillions of dollars. With its round-the-clock operation, forex traders enjoy the flexibility of trading at any hour. However, determining the optimal time to trade forex is a common query, particularly among novice traders. The answer hinges on several factors, such as market volatility, liquidity, and trading sessions. In this comprehensive article, we will delve into these factors and unravel the best times of day to trade forex, tailored to your trading style and preferences. Whether you identify as a day trader, swing trader, or long-term investor, understanding the optimal trading periods can enhance your trading strategy and potentially boost your performance. Join us as we delve into the world of forex trading and uncover the prime opportunities for executing successful trades. What Influences Market Price Changes Price changes in the market can be influenced by a range of factors, which can be broadly classified as fundamental or technical factors. Fundamental factors encompass economic indicators like inflation, interest rates, GDP, and employment data, as well as geopolitical events such as elections, wars, and natural disasters. These factors have the potential to impact market sentiment and investor confidence, leading to shifts in asset demand and supply, ultimately affecting prices. On the other hand, technical factors pertain to market trends, chart patterns, trading volumes, and key price levels. Technical analysts employ these factors to identify potential price movements and make trading decisions based on patterns and indicators. Apart from fundamental and technical factors, changes in regulations, shifts in investor sentiment, and unexpected news or events can also trigger price fluctuations in the market. Being aware of these factors is vital for traders seeking to make well-informed trading choices. By staying updated and conducting comprehensive analyses, traders can potentially spot profitable trading opportunities and effectively manage their risks. Types Of Trading Sessions There are four primary trading sessions based on market activity timing: Asian, European, American, and Pacific. Each session has its distinct characteristics and offers unique trading opportunities. Asian session: The Asian trading session commences with the opening of the Tokyo market at 7 PM EST (midnight GMT). This session is typically associated with low volatility, as currency pairs tend to trade within a narrow range. However, news releases from Japan, China, and Australia can introduce moments of increased volatility. European session: The European trading session starts with the opening of the London market at 3 AM EST (8 AM GMT). It is renowned for its high volatility, often witnessing substantial price movements in currency pairs. This session is marked by significant trading volumes and liquidity, presenting ample opportunities for traders. American session: The American trading session begins with the opening of the New York market at 8 AM EST (1 PM GMT). Similar to the European session, it is characterized by high volatility and large price fluctuations. The American session is known for its substantial trading volumes and liquidity, making it an active and dynamic period for traders. Pacific session: The Pacific trading session commences with the opening of the Sydney market at 5 PM EST (10 PM GMT). This session typically experiences low volatility, with currency pairs often trading within a limited range. However, news releases from New Zealand, Australia, and Japan can introduce temporary spikes in volatility. Understanding the unique characteristics and opportunities of each trading session is essential for traders to optimize their strategies and potentially enhance their trading performance. Traders should consider their individual trading styles and preferences when selecting the most suitable session for their trading activities. How To Select The Best Forex Trading Time Selecting the optimal trading time in the forex market is crucial for traders aiming to optimize their strategies and enhance their trading performance. Here are key criteria to consider when determining the best time to trade forex: Market Volatility: Volatility refers to the magnitude of price fluctuations in the market. Higher volatility often presents more trading opportunities, as it implies larger price movements. Traders who prefer more active and potentially profitable trading conditions may seek periods of heightened volatility. Liquidity: Liquidity refers to the ease of buying or selling assets without causing significant price changes. High liquidity ensures smoother trade execution and tighter bid-ask spreads. Trading during sessions with high liquidity is generally preferred as it reduces the risk of slippage and improves order execution. Overlapping Sessions : Overlapping sessions occur when multiple trading sessions are active simultaneously. These periods typically exhibit increased trading volumes and volatility as market participants from different regions are actively trading. The most significant overlaps are between the European and American sessions, offering potential trading opportunities. Trading Style: Different trading styles, such as day trading, swing trading, or long-term investing, have varying requirements regarding trading times. Day traders often focus on active sessions with high volatility, while swing traders may analyze longer timeframes and may have more flexibility in selecting trading times. Economic News and Events: Major economic news releases, such as central bank announcements, employment data, and GDP reports, can significantly impact currency markets. Traders who employ a news-based strategy may prefer trading during these eventful periods to take advantage of price volatility. Personal Availability: Traders should also consider their own availability and comfort levels when selecting the best trading time. It's essential to trade when you can dedicate sufficient time and focus to analyze the market and execute trades effectively. Day Of The Week Price movements in the forex market during the week are influenced by the psychological tendencies of large traders. Understanding these tendencies can help traders make informed decisions. Here's a breakdown of the typical price movements throughout the week: Monday: Many traders adopt a wait-and-see approach on Mondays. This is because important news releases in Europe and the USA are relatively rare at the beginning of the week. As a result, the market often exhibits a flat or range-bound behavior. Tuesday to Thursday: Volatility tends to be highest during these days of the week. Traders actively participate in the market, leading to increased price movements and trading opportunities. These days are generally considered favorable for trading as the market is more dynamic. Friday: Towards the end of the week, some traders choose to secure their profits and avoid taking excessive risks. As a result, there may be movements against the main trend as traders close positions and prepare for the weekend. It's important to be cautious and consider potential reversals or countertrend movements on Fridays. When analyzing weekly candlestick formations, it's common to observe longer shadows on Monday and Friday. These shadows represent price movements that occurred during these days. The movements from Tuesday to Thursday form the body of the candlestick and are often more significant. Although volatility can vary throughout the week, it is generally not as significant as intraday volatility. Therefore, traders can often overlook this factor when trading forex. Time Frame As the time frame of your trading increases, the importance of selecting specific trading times diminishes. Here's a breakdown of the significance of trading time based on different time frames: Up to H1 (Hourly Charts): When trading on shorter time frames, such as up to H1, it is crucial to align your trading activities with the trading sessions, significant news releases, holidays, and weekends. These factors can greatly influence market behavior and volatility during shorter time frames. H4 (4-Hour Charts): On the H4 time frame, only two 4-hour candles are formed during a single trading session. While the importance of selecting specific trading times during the day decreases, it is still essential to consider the timing of important economic statistics releases. Entry points in this style of trading are less frequent compared to shorter time frames like M5 or M15, requiring traders to assess market conditions 3-4 times a day. D1 (Daily Charts) and Higher: For traders using daily charts and higher time frames, the schedule of trading sessions becomes less significant. Instead, focus on key news release dates and holidays. Traders typically assess market conditions once a day, and trading signals appear at the close of the daily candle. It's important to note that these recommendations mainly apply to the forex market. When trading stocks and commodities, it is advisable to follow the exchanges where the highest volume of the respective assets is traded. Economic Calendar In forex trading, it is generally sufficient for traders to consider the standard economic calendar. This calendar provides the dates of major macroeconomic statistics, and a filtering system can help identify news with higher significance. One particularly important day to note is the first Friday of each month. This is when the Nonfarm Payrolls report is released, revealing the number of jobs created outside the United States agricultural sector. This report is widely regarded as one of the most crucial economic indicators in forex trading. For stock market traders, it is important to be aware of the dates of quarterly reports and ex-dividend dates. Quarterly reports can potentially lead to market turbulence, and the ex-dividend date marks the formation of the shareholder register for dividend payments. Traders often observe a dividend gap following the ex-dividend date. By paying attention to these key dates and events in both the forex and stock markets, traders can enhance their decision-making process and adjust their strategies accordingly. Non-working days Non-working days in financial markets can be classified into various categories: Global Holidays: These are holidays that are celebrated worldwide, such as New Year's Day, Christmas, and Easter. During these holidays, financial markets across the globe are generally closed, and trading activities are halted. Local Holidays: These are specific holidays observed in individual countries or regions. Examples include Independence Day in the United States or Labour Day in various countries. On these days, the local financial markets may be closed, affecting trading activities in those specific regions. Force Majeure Events: In rare circumstances, trading may be paused due to unforeseen events such as terrorist attacks, natural disasters, or extreme market volatility. Stock exchanges may choose to suspend trading for a few days to assess the situation and ensure market stability. However, forex trading typically continues uninterrupted during these events. It's worth noting that even when there are local holidays, forex trading remains open. However, the liquidity in the market tends to be lower, resulting in reduced volatility. As a result, trading during such periods may be less feasible or may require adjustments to trading strategies. Holidays in the United States and Europe, in particular, can significantly impact trading sessions due to the size and influence of these markets. The Best Time To Trade Forex : (For Beginners) As a beginner in forex trading, understanding the optimal time to trade currency pairs is crucial for maximizing profits and managing risks. Here are some important considerations to help you navigate the forex market effectively: Focus on High-Volume Sessions: Trading during the European and American sessions is recommended because these sessions have higher trading volume and liquidity. Increased activity in the market can provide better trading opportunities and narrower bid-ask spreads, which can be advantageous for beginners. Exercise Caution during the Asian Session: The Asian session is generally characterized by lower volatility and liquidity. While certain currency pairs tied to the Australian and New Zealand economies may exhibit more activity, beginners are advised to approach the Asian session with caution due to the potential challenges in finding favorable trading conditions. Monitor Economic News Releases: Economic news releases can significantly impact currency prices and create market volatility. Stay informed about key economic indicators and their release times, as this information can help you identify potential trading opportunities. Consider trading during periods of news releases to take advantage of increased market activity. Trade Major Currency Pairs: Major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, tend to be more liquid, stable, and widely traded. These pairs offer greater accessibility and can provide a more favorable learning environment for beginners. Trading major currency pairs allows you to focus on well-established trends and reduce the impact of unexpected price swings. Utilize a Demo Account for Practice: Before risking real money, take advantage of demo accounts offered by forex brokers. Practice trading various currency pairs and familiarize yourself with different trading sessions. This will help you gain experience, develop your trading skills, and refine your strategy without incurring any financial risk. By following these guidelines and continuously educating yourself about the forex market, you can enhance your trading knowledge, gain confidence, and increase your chances of success as a beginner forex trader. Remember to adapt your approach as you gain experience and always manage your risks effectively. Conclusion In conclusion, the optimal time to trade forex is influenced by various factors, including market volatility, liquidity, trading sessions, fundamental and technical factors, and personal trading preferences. By considering these factors, traders can make better-informed decisions and improve their trading performance. It is important to stay updated on market conditions, understand the characteristics of each trading session, and adapt trading strategies accordingly. Additionally, traders should consider the impact of economic news releases and be aware of the time of day and day of the week when planning their trades. By taking a comprehensive approach, traders can enhance their chances of success in the forex market.
Education
by FOREXN1
15
EURUSD Market Tendencies👋 Hey traders! For Day 10 of our 100-day challenge, we'll talk about the market tendencies of EURUSD in London and NY session. I scrolled back a bit to a random range and we can see certain market tendencies present here. 1. London offers the biggest trading range vs NY and Asia 2. NY offers second biggest trading range 3. Overlap of London and NY is usually a reversal/pullback 4. Seldom is the overlap a continuation You can use these tendencies to your advantage to: - Increase your directional accuracy - Decrease floating profit drawdown - Secure maximized profit within the day There are many other ways to capitalize off this market tendency. Hope this gives you a different perspective on EURUSD. Enjoy your Sunday and we will be back posting trade ideas tomorrow! See you then 🥂
by rob_WRLD_
US 30 ASIAN BSL SWEEP SHORT SET - UP ICT SMC BASED TRADE 1:7 RRHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE DOW DURING LONDON SESSION. US 30 BUILD LQ DURING ASIAN SESSION LOOKING FOR A SWEEP OF THE BUY SIDE LIQUIDITY. * Also looking to take yesterdays highs before looking to target sell side liquidity on the DOW. * Should this happen looking for entries short with the ICT 2022 entry model. * Targeting the Asian sell side LQ. -This would be an ICT JUDAS SWING SET UP * Overall target will be the DAILY OPEN. * + RSI DIVEGENCE CONFLUENCE lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA DAY SESSIONS TRADE
UShort
by PULEMokhothu
6
🕔Trading Sessions🕔 What are the Operating Hours of the Forex Market? The forex market is operational 24 hours a day, five days a week, excluding weekends. It commences trading at 5:00 PM EST on Sunday and concludes at 5:00 PM EST on Friday, resulting in a total of 120 trading hours, with a 48-hour break from Friday to Sunday (EST). The forex market caters to global traders, accommodating their needs irrespective of their time zone. The market is divided into distinct "forex sessions" based on global time zones, which experience varying levels of volume and volatility. Trading hours are subject to variation depending on daylight savings and holiday schedules. During daylight savings periods, regions utilizing this system will observe a one-hour offset in the winter, which reverts to normal in the summer months. 🕔 What Is a Trading Session? A trading session is a period of time that matches the primary daytime trading hours for a given locale. This phrase will refer to different hours, depending on the markets and locations being discussed. Generally a single day of business in the local financial market, from that market’s opening bell to its closing bell, is the trading session that the individual investor or trader will reference. The markets for forex, futures, stocks, and bonds all have different characteristics that define their respective trading sessions for a given day, and the primary trading hours naturally differ from one country to another due to contrasting time zones. Trading session hours can vary by asset class and country. The regular trading session for U.S. stocks starts at 9:30 a.m. and ends at 4:00 p.m. Eastern Time (ET) on weekdays (holidays excepted). These times are primarily driven by the working hours of the New York Stock Exchange (NYSE), which closes early at 1:00 p.m. ET on several occasions throughout the year associated with holidays. The regular weekday trading session for the U.S. bond market is 8:00 a.m. to 5:00 p.m. ET.3 Futures markets, meanwhile, have different trading hours, depending upon the exchange and the type of commodity being traded. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
Market sessions and liquidityVolatility is a measure of how much a market moves up and down over time. It's an important factor to consider when trading, because it can have a big impact on your profits (or losses). Liquidity is another important factor to consider when trading. It refers to the ease with which you can buy or sell a security. A liquid market is one where there are plenty of buyers and sellers, and prices don't change too much. A illiquid market is one where there are fewer buyers and sellers, and prices can change dramatically. So, what does market volatility tell you about its participants? Well, it can give you an idea of how confident they are. If a market is volatile, it means that participants are constantly buying and selling, which can be a sign of confidence. On the other hand, if a market is relatively stable, it may mean that participants are content to hold onto their positions for a longer period of time. Volatility can also give you an idea of how informed the participants are. If a market is moving up and down a lot, it means that participants are constantly reacting to new information. In contrast, if a market is relatively stable, it may mean that participants have a good understanding of the underlying conditions and aren't as easily swayed by new information. So, what does market liquidity tell you about its participants? Liquidity is important because it affects how easy it is to buy or sell a security. If a market is liquid, it means that there are plenty of buyers and sellers and prices don't change too much. This can be a sign that participants are confident in the market and expect prices to stay around the same level.
Education
by RobinhoodFX
Timing when day trading can be everythingTiming when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney, Tokyo, London and New York sessions Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports . When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds Cryptocurrency market s on the other hand remain open 24/7, even during public holidays Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend. Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction The Bottom Line The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order) The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep You are kindly invited to check the script that helps to identify market peak hours : Day Trading Booster .
Education
by dgtrd
23
Session Indicator to Visualize Trends and ConfimationsUSD showing signs of weakness across all sessions. New indicator I’m working in this chart will show and track session levels. The dollar index is taking a break as focus shifts to earnings and the upcoming elections. A much needed break from one of the parabolic uptrend events. First was the Uber hawkish fed where Powell told everyone he believes in the milkshake theory. One indication I have been monitoring recently is cliff drop that is TLT/JNK. It recently bounced off a multi-year support going back to 2014. If you haven’t been following the bull rally idea I put out a few weeks ago. Check it out. I put 2 weeks worth of updates on Dealer positional Gamma, Delta, Volatility, Levels and macro. To remain on target to 3900 by OCT 31 we’re going to want to stay within what I call the “JAM BANDS” I will prepare an update on JHQDX before Friday with what my thoughts will be for the reset on Monday. The JHQDX reset is not followed as much, but the Gamma is picking up as the expiration nears. VIX coming down is going to give the daily moves an even bigger intra day move to end the month. A pullback into the JAM Bands on daily should be expected.
TVC:DXY
by SPYvsGME
2
How do you trade different money centres with a session map?Experienced stock market traders often attempt to apply their battle-tested systems to forex trading. They often suffer the same setbacks as aspiring forex traders when they do so. Why is this? What makes the forex market so different from stocks, bonds, or indices? One key difference is that the forex market trades continuously, 24 hours a day, five days a week. This continuous action (but fluctuating in intensity) means new participants must adjust their trading style. Strategies that worked in other markets need to be tweaked to tackle FX successfully. Everything is relative to the time of the day in which you are trading in FX markets. Trades made when Tokyo traders are active can be quite different from trades made when London or New York traders are active. So, how can traders break down the 24-hour cycle without exchange-mandated hours? Enter session maps. Trading Different Money Centres A clever way to manage the 24-hour action in forex is to break down each day into the three major "sessions" that occur in each trading day. 1. The Asia/Pacific session: Most turnover in this time zone is done in Sydney, Tokyo, Hong Kong, and Singapore. Typically, there will be exporters and regional central banks active during this session. However, the liquidity is nowhere near as deep as it is during the London or New York sessions. As such, the price action is not usually as interesting as it is during the other sessions. The Asia session does have its moments: when there is regional data (AUD or NZ unemployment, JPN Tankan, Central Bank meetings), you can rely on strong directional moves. But most of the time, this session is range-bound or follows whatever happened in the New York session. 2. The London session: This is perhaps the most important session of the day, for geographical reasons above all else. Along with London, other European financial centres like Frankfurt, Geneva, and Paris are active. That's why sizeable corporate activity takes place during this session and contributes to the deep liquidity of the session. This deep liquidity means that the price action seen during the London session is quite important. It gives a good insight into market sentiment and positioning. 3. The New York session: The forex market experiences its peak in turnover as London passes the baton onto New York. However, whereas the London session tends to be trendy, New York can have much more volatility and chop. During the afternoon in New York, liquidity starts to dry up quickly. How do you trade different money centres with a session map? Evidently, the best trading strategies to deploy can change significantly depending on the time in which you are trading. The primary goal of a session map is to help traders visualise which session is currently operational. The session map allows traders to spot strengths and weaknesses during a session more efficiently. They also help you notice patterns which can be helpful in identifying market sentiment. Are all the majors trending in the same direction? Perhaps the American Dollar is pulling everything in the same direction, or maybe risk appetite is driving high-yield currencies higher (or lower). Is it a USD-dynamic, with EUR/USD, GBP/USD, AUD/USD, and NZD/USD going one way and USD/CAD and USD/CHF going the other way? Is it a commodity-dollar day, with big moves in AUD/USD and USD/CAD?
by BlackBull_Markets
Best Session to Trade - At a glance!Market Sessions Introduction Watching the market 24/7 is completely unnecessary, considering price only moves during certain periods of the day. These periods are known as "Sessions" and relate to an exchange's location on the planet. The two most popular sessions - London & New York - typically see the most volatility and gross number of trades placed. However, there are strategies designed around specific sessions, such as the "Asian Breakout", which targets the first two hours of the Tokyo session. The sessions occur every trading day (M - F) during the following UTC times: London: 0800-1600 New York: 1300-2100 Tokyo: 0000-0800 Sydney: 2200-0600 The London and NY session overlap for 3 hours - this is known as the "Golden Window" in Forex trading...but why? Advanced Forex Session Analysis I created a tool to explore the concept of the "Golden Window" and answer a few burning questions: did every asset have the same golden window? if the golden window shifted, could you detect it? does restricting trading times to the golden window improve win rate? what does the golden window even look like? This tool is available for free and open source - Advanced Forex Sessions It scores each session by Volatility (ticks moved) and Volume (number of trades placed), then displays the windows on chart. I've discovered answers to a few questions and can confidently say, NO, not every asset has the same golden window. In fact, nearly all small-cap cryptocurrencies have a golden window during the Tokyo or Sydney sessions. YES, we can detect the window shifting by scoring each session via a rolling average. MAYBE, it's hard to say if restricting trading times will work for every strategy, but I have seen minor improvements for traditional strategies that buy/sell with fixed take profits and stop losses. WHAT does the Golden Window look like? Check out the Advanced Forex Sessions indicator and see for yourself...
OANDA:US30USDEducation
by DasanC
2