Ok, so I think that the Asia trading hours are like this (right now): New Zealand opens 1 hour before US closes and there's not a lot of NZD activity usually (too many sheep not trading). Then 2 hours later, Australia opens, some AUD activity. Then 1 hour later some Asian markets besides Tokyo open (Hong Kong, Singapore?) and possibly trade the JPY because there is significant activity. Then an hour later, the official start of Tokyo and more JPY activity. So that means technically, FF market hours is correct. In a few months, DST will change, stopping for US and Europe and starting for Australia (only Eastern where Syndey is) and New Zealand, but not for Asia (at least Tokyo, I'll have to check on the others). What a headache!
Anyway, another trade. Just one today. As I examine the CS and Momentum, and ABR, I kind of have an idea of what looks/feels right or good, and what doesn't, but definitely would have difficulty explaining in detail why I think so, so it would be impossible to code that into an EA or indicator until I can, and maybe then not possible. So far I'm 4/4 Wins, which is nice and surprising, because now when I trade, I don't expect anything, unlike before when I expected to win, and frequently lost. I'm just taking the trade(s) that seem to show Momentum and Strength, and so far it's worked out. I also don't do anything else while trading, whereas I used to mess around with coding and try to watch a movie or something at the same time, which probably also explains why I was unsuccessful.
Here is the trade I took. It wasn't quite as strong as the previous trades, but still looked good. GBP and JPY both had recent and longer term momentum, but the GBP only had 5 pairs weak on H4 and D1, and the other 2 were both strong on H4 and D1, so that was a caution. Notice how it just barely passed my TP before reversing. More info for the data banks. Glad I waited a little longer before posting to show what it did next. I would have been stopped for TS if I had a larger TP, and also TS if I had gotten in at the 00 level, but the slippage in my orders is more me than broker because I need to get quicker in making the decision to take the trade, but that will come. Or maybe not.
Here is one I didn't take even though the Momentum and Strength looked good too, but looking at the chart, I saw so much movement in the US session that I just didn't expect much more Up in the Asia/Aussie sessions. Looks like I was right. And the AU moves a lot less than the GJ does. UPDATE: Looks the the AU finally made it to the TP as well! UPDATE 2: Sorry, just noticed there is AU news in 3 minutes from now so would not be in that trade.
Anyway, another trade. Just one today. As I examine the CS and Momentum, and ABR, I kind of have an idea of what looks/feels right or good, and what doesn't, but definitely would have difficulty explaining in detail why I think so, so it would be impossible to code that into an EA or indicator until I can, and maybe then not possible. So far I'm 4/4 Wins, which is nice and surprising, because now when I trade, I don't expect anything, unlike before when I expected to win, and frequently lost. I'm just taking the trade(s) that seem to show Momentum and Strength, and so far it's worked out. I also don't do anything else while trading, whereas I used to mess around with coding and try to watch a movie or something at the same time, which probably also explains why I was unsuccessful.
Here is the trade I took. It wasn't quite as strong as the previous trades, but still looked good. GBP and JPY both had recent and longer term momentum, but the GBP only had 5 pairs weak on H4 and D1, and the other 2 were both strong on H4 and D1, so that was a caution. Notice how it just barely passed my TP before reversing. More info for the data banks. Glad I waited a little longer before posting to show what it did next. I would have been stopped for TS if I had a larger TP, and also TS if I had gotten in at the 00 level, but the slippage in my orders is more me than broker because I need to get quicker in making the decision to take the trade, but that will come. Or maybe not.
Here is one I didn't take even though the Momentum and Strength looked good too, but looking at the chart, I saw so much movement in the US session that I just didn't expect much more Up in the Asia/Aussie sessions. Looks like I was right. And the AU moves a lot less than the GJ does. UPDATE: Looks the the AU finally made it to the TP as well! UPDATE 2: Sorry, just noticed there is AU news in 3 minutes from now so would not be in that trade.