Asian Session Fear -
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thread: Asian Session Fear

  1. #31
    Junior Member Oxrido's Avatar
    6
    how clean was tonights Asian market?
    It was amazing now. Great chart set up and usdjpy brief in the 117.40s

  2. #32
    Member dacbb's Avatar
    30
    Hi

    I keep reading that you should not trade during the Asian session (8pm et-2am et?) .

    So. . .does anyone trade in this time period?

    When is it the best time to exchange, based on YOUR experience and not what sites or books indicate.

    I would like to know when is it that you are actively trading with great outcomes.

    I hear tales of the top traders waking up at 2am et to ch the top movements....any fact in that?

    Thanks, as always...

    Prospective
    That's what I have been doing for the past few days... it has been profitable... but now I can't concentrate in school out of lack of sleep. Moderation. Granted, I have extremely limited experience... but thought I would share anyway.

  3. #33
    Junior Member ArisInMusicland's Avatar
    19
    Consider how my little thread is gaining interest I am rather proud

    LOL. . .just joking. . .well not actually, it is nice to see your queries being answered by so many people

    Anyways, I figure that we could all agree that although the Asian session has a bad reputation for many valid reasons, it is not THAT bad as many want to reveal.

    This is the Wonderful thing about this market,'cause everyone has many choices for their own trading style

    Due to all of you for sharing your adventures

    Future

  4. #34
    Maybe they are playing golf. Kathy Lien states the NY-Euro session overlap accounts for 80% of the daily range. These proportions independently tell day traders that if they are actually looking for volatile price action and wide ranges and cannot sit at the monitor all day, the opportunity to exchange would be the US and European overlap. She goes on to say The commerce intensity of this European-Asian overlap is much lower than any other session due to the slow trading during the Asian morning....With trading extremely thin during those hours, risk-tolerant nd risk-loving traders may take a two hour nap or invest time positioning themselves for a breakout movement in the European or US open.

    Like you, she is also a currency analyst. The charts don't lie, they show day after day the absence of volatility and price action in the Asian session. If you HAVE to trade Forex and you can just exchange the Asian session so be it. However if you are a day trader looking to get volitility (and many people are) then Asia isn't where it's at.

    Last night the Euro moved 20 pips during the Asian session and 100 pips during the European-US session. You have to fish where the fish are.
    At the conclusion of the day, it truly comes down to what your character is, and so, what your trading style is.

    If you are a daytrader, then God forbid you need to trade during the Asian session. But if you are a swing trader, then you're able to handle that slow period.

    Once more, trading is knowing who you are... as you know, that means it's 99% psychological.

  5. #35
    Junior Member Copipk333's Avatar
    17
    Bumping this thread.

    I used to advoe against trading Asia. I am all for this. The volatility has improved since a year or two back and there is almost always one tradable movement per session, or even more. It is still the least volatile of the three phases, however there are chances for the taking. A more active Asia session is a fantastic thing for US traders that have day jobs, and more preferable to waking up before sunrise to exchange what's left of London before this NY open. Typically things won't get rolling until 8pm eastern time in Japan available (7pm when standard time is in effect - Japan has no daylight savings), though I'm typically watching at least one hour before Japan open. I wait for one movement, which is. I'm simply too busy differently to see the market all the time, and Asia has emerged as a nice alternative to the go-go London and New York sessions.

    Asia occasionally takes a while to wake up, so the key is to simply wait for a clearly articulated direction and do NOTHING until that articulation occurs. Seeing several pairs in once for related movements is important. As soon as you get a feel for market action, the chances are obvious. Then it is all MM, controlling greed, etc..

  6. #36
    Hello!
    I am aware there are some with a lot of posts such as fxstreet, forex-bull, etc..
    But I Would like a site with VERY DETAIL info.
    THANKS!!!!

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