It was amazing now. Great chart set up and usdjpy brief in the 117.40s
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.
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
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.
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..
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!!!!