DislikedI know it isn't ideal, but if anyone is regularly trading the Tokyo open time area due to work or life necessity with the 000/050 rules I would appreciate being in contact. I think with the smaller (typically) volatility it seems easier to work with m15, vice m30.
Hope to hear from someone or many of you who check out the earlier trading day. Maybe some of you in A/NZ find this appealing and others up in Asia. Thanks, FSIgnored
But one way I have learnt in the past is to follow the USD/JPY and EUR/USD (Don't trade these) using the 5min and 15min chart.
If both these pairs are trading up usually means EUR/JPY possible Buy (The EUR is the stronger currency of the 2)
If both these pairs are trading down usually means EUR/JPY possible sell (The JPY is the stronger currency of the 2)
If both these pairs are trading in opposite directions then no trade there is no clear strength.
You could combine this with other rules and see how it works.
It is definitely the better pair to trade during the Asian session in my opinion with decent spread.
I would try this myself but I am working during Asian session as I live in AUS, but am usually home ready for FF and London opens.