Asian Session Fear -
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thread: Asian Session Fear

  1. #11
    Junior Member ArisInMusicland's Avatar
    19
    Thank you guys for your help.

    The reason that I asked was that honestly I am doing pretty good when I place my trades Asian Time and wake up with a profit (ET).

    Now, of course at the time I wake up the London session is in full swing, nevertheless I feel that Asian Time slowly gives me the ok to place my trade, and London takes it out of there and accelerate the process.

    I might be wrong....but I certainly do feel that when trading throughout the day (NYsession) there are too many explosive changes that if go in the wrong way, can kill your account in minutes....

    Thanks guys

    Future

  2. #12
    I am primarily a swing trader so I discover my trigger does not go off until any moment between 2230 and 1000 PST... so trading at the Asian session does not actually affect me.

    I am working on an intraday program and while I enjoy the lowered volatility and calmness of the Asian session, it just does not proceed. I don't wish to have to wait for three or four hours to make ten pips within an intraday system. That stinks and kinda destroys the whole purpose of trading on fifteen or five minute timeframes.

    That is probably why I am a swing trader -- I will make 200-400 pips in 5 days. THAT'S worth the wait.

  3. #13
    Junior Member ArisInMusicland's Avatar
    19
    I'm primarily a swing trader so I discover that my trigger doesn't go off until any time between 2230 and 1000 PST... so trading at the Asian session doesn't actually affect me.

    I'm working on an intraday program and while I enjoy the reduced volatility and calmness of the Asian session, it simply doesn't move. I don't wish to have to wait around for three or four hours to create ten pips within an intraday system. That sucks and kinda ruins the entire point of trading on fifteen or five minute timeframes.

    That's probably why I'm a swing trader -- I will make 200-400 pips in 5 days. THAT'S worth the wait.
    I agree. . .that's my approach. Short-term trading with Forex isn't for me. I like swing trading. It usually takes me to shut my place, but it is usually worth the wait

    Future

  4. #14
    Depends on what currency Pair un perform, I had been trading for 3 years now on actual full time. I enjoy usd Jpy, so I normally ch the tendency about the 3rd hourly candle in asian session. If not then I ch the low of the afternoon and hold it through Europe and then ch the spike in usa if a trailing stop could be applied.Personally I never enjoy entering a new trade during USA because its to volatile. I love to maintain the low during asian session because usa normally spikes up the profit and have a lot of pips currently incase usa turns against me.

    If u like JPY USD take a look at the charts and see the lows you can normally get 3 times out of 5.

    I only have a little account as opposed to the big guns on new york so I dont like to play against the big guns unless I have 50 to 60 pips profit currently in hand. (So I can bond out with a profit big or small without a loss)

    Regards
    Dennis

  5. #15
    Junior Member romenlm's Avatar
    17
    It's 8am in Tokyo and the trading day starts for main Asia. . What do you believe the Japanese are doing. .Playing Golf ? They're trading. I don't quite understand which type of systems you people are using, perhaps it's the total surrender to indiors? Or just your perception of the market as the audience in a quantum physics experiement. Hence you simply can't find the transactions. I exchange the market 5 days. I exchange the London most days but not all.The N.Y. I only trade into heavy opinion or news. Then it is the sideways market activity until Australia opens... Reduce the ma crosses and Asian will exchange.

  6. #16
    Junior Member Garrido3524's Avatar
    11
    I've been told many times that trading Asia isn't worthwhile, that it's scared me off. Truth is, Asia is the only time I truly have available to trade without enormous pain. So I've been preventing trading. (during NY I'm busy working for the man, and trading London means sleeping during Asia, which is not so good because I'm on the US West Coast).

    Time to get a backbone and make Asia my session.

  7. #17
    Trade Asia, its safer and less volatile, I think the majority of the small traders reach that session. Less risk = more payoff, okay you not create 1000 pips per trade but you not loose it . Money mangement is the key. . .asia Provides you time to Consider Your position, should you choose the 3rd hourly candle in the interval seperater thats around 11 japan time afterward nby then the tendency is normally established....simple but it functions (Occasionally )

    If un commerce usa, then it normally ends so scalp the profit taking at the end of session basically when the advertisements evolves taking finish of day profits

  8. #18
    Junior Member pabloglwzf's Avatar
    15
    I always trade assian session and haven't felt any trouble.It is comparatively slow and time consuming whereas London is fast and the NY open that overlaps london session as well is really quick.

    If anyone is attempting to trade cable or euro in oriental then he must not expect speed.In oriental seesion yen and its crosses are quite active.

  9. #19
    Member ina99's Avatar
    98
    Yes, I've a trade that is contingent upon the stability of the Asian time period...

    there's always a way to discover advantages in trading whatever the markets could throw at us... The secret is to adapt.

    BTW, kolachi, thank you for your big gifts to FF... Scott


    I always trade assian session and have never felt any trouble.It is comparatively slow and time consuming whereas London is fast and the NY open which overlaps london session too is really quick.

    If anyone is trying to trade cable or euro in asian then he must not anticipate speed.In asian seesion yen and its crosses are quite active.

    kolachi

  10. #20
    Junior Member laura.delgaado's Avatar
    27
    It is 8am in Tokyo along with the trading day begins for primary Asia. . What do you believe the Japanese do. .Playing Golf ? They are trading. I really don't quite understand which type of systems you're using, perhaps it's the total surrender to indiors? Or just your perception of this market as the observer in a quantum physics experiement. Hence you just can't see the transactions. I trade the Asian market 5 days. I trade the London most days but not all.The N.Y. I only trade into significant sentiment or news. After that it is the sideways market activity until Australia opens... Reduce the ma crosses and Asian will trade.
    Perhaps they're playing golf. Kathy Lien says the NY-Euro session overlap accounts for 80 percent of the daily range. These percentages alone tell day traders that if they are really looking for volatile price action and wide ranges and cannot sit at the screen all day, the opportunity to trade would be the US and European overlap. She goes on to say The commerce intensity of this European-Asian overlap is much lower than every other session due to the slow trading through the Asian morning....With trading extremely thin during these hours, risk-tolerant nd risk-loving traders can take a two hour nap or spend some time positioning themselves for a breakout movement in the European or US open.

    Like you, she's also a currency analyst. The charts do not lie, they reveal day after day the absence of volatility and price action in the Asian session. If you need to trade Forex and you can only trade the Asian session then so be it. However if you're a day trader looking to get volitility (and many of us are) then Asia is not where it is at.

    Last night the Euro transferred 20 pips throughout the Asian session and 100 pips throughout the European-US session. You have to fish where the fish are.

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