Trading Asian Open

Trading the Asian Session Open

Journal to track trades through the first few hours of the Asian session.

Dashboard

Indicators:
JPN225
EURUSD
GBPUSD
USDCAD

Trading Pairs:
USDJPY
NZDUSD
AUDUSD
NZDJPY
AUDJPY

Asian Trading System Dashboard explained:

JPN225 is the main indicator

EURUSD, GBPUSD, USDCAD are only used to give me a broader view of what the USD is currently doing in the market.


USDJPY will usually (not always) follow the JPN225
NZDUSD and AUDUSD will often go the opposite direction of the JPN225 but will sometimes follow the JPN225

Trading Pairs:
USDJPY
NZDUSD
AUDUSD
NZDJPY
AUDJPY

IF NZDUSD and AUDUSD are going in opposite direction of JPN225 then I am looking for opportunities to trade USDJPY, AUDUSD, NZDUSD

If NZDUSD and AUDUSD are going in the same direction of JPN225 then I am looking for opportunities to trade AUDJPY, NZDJPY

Targets are between 15 and 20 pips (usually about 17 pips)
Stops are 1:1 ratio with the target

Trades are held for a few hours and then closed if price hasn't reached TP or SL

Dashboard

JPN225 up
NZDUSD down (slightly) from previous Daily close
AUDUSD down from previous Daily close

Trade taken: Buy USDJPY @ 133.299
TP @ 133.469 (17 pips)
SL @ 133.129 (17 pips)

USDJPY buy trade update:

TP hit for 17 pips

Done for the day!

Dashboard

JPN225 down
NZDUSD down from previous Daily close
AUDUSD down from previous Daily close

Trade's taken:
Sell USDJPY @ 133.564
TP @ 133.394 (17 pips)
SL @ 133.734 (17 pips)

Sell AUDJPY @ 82.006
TP @ 81.826 (18 pips)
SL @ 82.186 (18 pips)

Update on Trades:

Sell USDJPY closed for 3.8 pips
Sell AUDJPY closed for 15.3 pips

Total 19.1 pips

Done for the day

Dashboard

JPN225 up
NZDUSD down slightly from previous Daily close
AUDUSD up slightly from previous Daily close

Trade taken:
Buy USDJPY @ 113.409
TP @ 113.579 (17 pips)
SL @ 113.239 (17 pips)

Update on trade:

Buy USDJPY closed for 6.9 pips

Done for the day

Dashboard

JPN225 up
NZDUSD up
AUDUSD up

Trade taken:
Buy AUDJPY @ 80.995
TP @ 81.175 (18 pips)
SL @ 80.815 (18 pips)

Update on trade:

Buy AUDJPY SL hit -18 pips

Done for the day

How do you determine entry price for your trades?

Dashboard

JPN225 up
NZDUSD up
AUDNZD up

Trade taken:
Buy NZDJPY @ 77.119
TP @ 77.289 (17 pips)
SL @ 76.949 (17 pips)

Update on trade:

Buy NZDJPY SL hit -17 pips

Done for the day

Hi sheepy, thanks for your interest in my thread. Basically I am testing this idea out for trading the Asian open, so am still refining it.

At this stage, trades are not taken on price at all, only on time (Asian Open). I simply buy or sell a few seconds or minutes before the Asian Open based on my indicators (which is the market price itself)

Dashboard

JPN225 down
AUDUSD up
NZDUSD up

Trade taken:
Sell USDJPY @ 111.171
TP @ 111.001 (17 pips)
SL @ 111.341 (17 pips)