How do you trade the Asian session? | Forex Factory

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How do you trade the Asian session?

  • #1
  • First Post: May 4, 2016 12:27am May 4, 2016 12:27am
I live in the worst place for forex trading - USA. I work during the day and the only time I have for trading is asian session, which is the worst. Most of the moves during asia are fake and I feel like there is only one single way to trade it. Scalping on 5min or 1min. I don't think there is any other way to trade asia.

For the people who trade asian session, what type of strategies do you use?
  • #2
  • May 5, 2016 11:00pm May 5, 2016 11:00pm
i live in asia.u can trade aud or jpy in asian session.
more profit,less loss.
  • #3
  • May 5, 2016 11:17pm May 5, 2016 11:17pm
Quoting trickshady
I live in the worst place for forex trading - USA. I work during the day and the only time I have for trading is asian session, which is the worst. Most of the moves during asia are fake and I feel like there is only one single way to trade it. Scalping on 5min or 1min. I don't think there is any other way to trade asia. For the people who trade asian session, what type of strategies do you use?
Im no guru and this is just my opinion.

I don't think that's true but i guess its how you look at the markets and your strategy. Im not sure how you trade but i see lots of "Set Ups" in the Asian sessions. The actual move may not come until much later so you may die of boredom, but the set ups are there. The trouble is that most news releases happen during London and NY sessions and this can change the direction.

I used to avoid the Asian sessions like the plague because people said they were a waste of time, until i begun to realize how many nice set ups i was missing. I would say it is probably harder to only trade one session though. I don't think many people trade just one session time. The popular session is obviously London but that also goes into NY so two sessions.

I would actually say i dislike the NY session the most. The way i see it is that if the price has either moved or not moved by the time we reach about mid day NY then that's it, it does not move much more until the next Asian session. So i actually don't trade the NY session much. Just the overlap period of London/NY.

So, as i said it depends on how you trade. Asian session is usually quiet, but this can be a good thing as it means less wild swings and whipsaws. Where as London is very volatile. If you have a nice daily trend it can be good but if it sits in a wild swinging range as it does often then what? Think about this: A lot, in fact most traders lose money. And although it has not been identified the exact cause, perhaps the popular trading sessions of London/NY could be one of them?
  • #4
  • May 5, 2016 11:25pm May 5, 2016 11:25pm
Just cherry picking i know... But where would you have preferred to been trading? Purple is Asian session, Blue is around mid day new york.
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  • #5
  • May 9, 2016 3:25am May 9, 2016 3:25am
The foreign exchange market is always touted as a 24 hour market.
  • #6
  • May 9, 2016 4:36am May 9, 2016 4:36am
As regards the Asian currencies, but now the E / J and U / J moving within the market trend and pretty intuitive. The Asian session is very insidious, high jumps. We need to trade a smaller volume when the news, otherwise you can burn it. I am an analyst trend, so use a long-term deal.
  • #7
  • May 10, 2016 9:15pm May 10, 2016 9:15pm
Trade the ranges that the Asian session offers.
  • #8
  • Aug 20, 2020 3:14am Aug 20, 2020 3:14am
Hey everyone, just found this old thread. Is it still active? And if so, or if anyone is reading, I'd like to ask the same question... How do you trade the Asian session? I live in Japan and find it very slow. Do you trade it? And if you do, what do you trade, and how do you trade it? Just curious/hunting for fresh ideas... thanks in advance!
Emotional Control. Process, not outcome.
  • #9
  • Aug 20, 2020 5:10am Aug 20, 2020 5:10am
I quite like trading AUSUSD over the Asia session. I'm in the UK so I sometimes (when a really good set-up presents itself) open a trade just before bed (2300hrs here) with a hard SL and TP then revisit it before the EU open when I wake up. Usually I've been taken out one way or another before then anyway.

Trading the Asia session can definitely be done, maybe best to stick to AUD and JPY pairs and wait for days when EU and US sessions have been slow, or when there's some news due out in Asia.
  • #10
  • Aug 20, 2020 6:31am Aug 20, 2020 6:31am
Quoting Konichiwhaat
Hey everyone, just found this old thread. Is it still active? And if so, or if anyone is reading, I'd like to ask the same question... How do you trade the Asian session? I live in Japan and find it very slow. Do you trade it? And if you do, what do you trade, and how do you trade it? Just curious/hunting for fresh ideas... thanks in advance!
Hello,
If you live in Japan, wouldn't you be able to trade all sessions (Asia, London, early NY)? If you find it easier to trade other sessions, why not trade them?

If you insist on trading the Asia session, my suggestion would be to try gathering some data on certain pairs. Look into all kinds of pairs (pairs that are both Asian currencies, pairs that have one Asian currency, pairs that are both non-Asian currencies), but only focus on the Asia session. Find out what a typical Asia range is on the pair and how often it doesn't stick to the typical range (makes bigger moves.)

Obviously, if you know that the Asia session tends to range, don't expect huge moves and be disappointed by the range. Instead, have the right expectations and think of ways to take advantage of the range with ranging strategies. Looking at charts and collecting data can be a good start before jumping into random strategies/indicators and testing them out. The strategy needs to make sense and align with the trading conditions.

Currency pairs tend to have their own characteristics depending on the pair and session. So, I find it useful to back/forward-test trading rules/strategies/styles for the exact sessions you trade. The same setup may work often in one session, but not in others.

I hope this helps.
Good Day Sir!
  • #11
  • Aug 21, 2020 2:49pm Aug 21, 2020 2:49pm
i know a beautiful strategy for asian session on specific pairs,the strategy is called 38cpp eagle,it is explained by one mentor in telegram channel,if anyone intersted ,pm me,i will guide.
  • #12
  • Aug 23, 2020 8:52pm Aug 23, 2020 8:52pm
Quoting fxlikeaboss
{quote} Hello, If you live in Japan, wouldn't you be able to trade all sessions (Asia, London, early NY)? If you find it easier to trade other sessions, why not trade them? If you insist on trading the Asia session, my suggestion would be to try gathering some data on certain pairs. Look into all kinds of pairs (pairs that are both Asian currencies, pairs that have one Asian currency, pairs that are both non-Asian currencies), but only focus on the Asia session. Find out what a typical Asia range is on the pair and how often it doesn't stick to...
Morning fxlikeabos... yeah thats right. Starting to fine tune a plan now down to the London open, which is 4pm Japan time, so that works quite nice.
Emotional Control. Process, not outcome.
  • #13
  • Aug 23, 2020 11:54pm Aug 23, 2020 11:54pm
I live in Perth Western Australia which is on the same time zone as China.
A lot of liquidity comes from Hong Kong, with Taiwan, China and Australia adding.
Best time is to wait until 9.15am - after Hong Kong opens around 9.15am my time (UTC +8)

Personally I trade Asian Indices. Taiwan and Hong Kong offer very volatile and large moving indices. China is also good too.
I also like to trade the news during Asia and Europe (opens 3pm my time)

Currency moves still happen during Asia:-
USD/JPY is a good Asian trade - unfortunately ranging at the moment, but you can still get good trades on bounces and when the USD index changes direction.
AUD/USD is an obvious one - range may be small but you increase your contract size.
AUD/JPY is also good - but right now it's ranging and difficult to trade - this will change though.
EUR/USD is also active during Asia
GBP/USD can also be active.
NZD/USD is another popular trade.

Yen crosses work - too just watch your spreads.

Over time you work out which ones you like. A lot of people trade during the Asian session and make a living so you can too.

Best
  • #14
  • Aug 24, 2020 2:37am Aug 24, 2020 2:37am
Quoting majicktradng
I live in Perth Western Australia which is on the same time zone as China. A lot of liquidity comes from Hong Kong, with Taiwan, China and Australia adding. Best time is to wait until 9.15am - after Hong Kong opens around 9.15am my time (UTC +8) Personally I trade Asian Indices. Taiwan and Hong Kong offer very volatile and large moving indices. China is also good too. I also like to trade the news during Asia and Europe (opens 3pm my time) Currency moves still happen during Asia:- USD/JPY is a good Asian trade - unfortunately ranging at the moment,...
I am in Brisbane. I wait for at least an hour after Tokyo opens to let things settle down. I like scalping Gold.
All you touch and all you see, is all your life will ever be.
  • #15
  • Aug 24, 2020 2:47am Aug 24, 2020 2:47am
Many traders have shown thier interest in this strategy,plz join this group in telegram and read the pdfs,
FTC: FX TRADING CLUB
its not too difficult.if u cant join the group,add my telegram id shen ali phone number is 00258842906428,study throughly and take the lessons u like from it,it may be counter trading strategy.the owner claims the success.
  • #16
  • Aug 24, 2020 5:52am Aug 24, 2020 5:52am
I watching chart in asian session 4 hour before london open, I think it'nice pip in there.
In my opinion aud is good in asia session, but too volatile to me.
  • #17
  • May 21, 2021 4:13pm May 21, 2021 4:13pm
Hi I’ve been trying to trade forex for about 6 years.
I was orginally in the UK and I’m now in Brisbane.
I am fortunate enough to work from home and now want to trade the Asian session as the timing fits my life style but I’m struggling to get to grips with it.
Anyone, have any advise or in Brisbane as well that would like to catch up and exchange ideas?
  • #18
  • Edited May 22, 2021 1:08am May 21, 2021 7:27pm | Edited May 22, 2021 1:08am
Quoting Brizzetrader
Hi I’ve been trying to trade forex for about 6 years. I was orginally in the UK and I’m now in Brisbane. I am fortunate enough to work from home and now want to trade the Asian session as the timing fits my life style but I’m struggling to get to grips with it. Anyone, have any advise or in Brisbane as well that would like to catch up and exchange ideas?
I see there is a few Brisbane traders here (hope you don’t follow the Broncos).
The best method is to trade against low volume spikes if it moves out from a breakout. AUDUSD and AUDJPY are pretty good to trade.

Cheers
Trading thin liquidity at the boundary of the charts
  • #19
  • Edited 9:24pm May 21, 2021 8:54pm | Edited 9:24pm
Quoting Brizzetrader
Hi I’ve been trying to trade forex for about 6 years. I was orginally in the UK and I’m now in Brisbane. I am fortunate enough to work from home and now want to trade the Asian session as the timing fits my life style but I’m struggling to get to grips with it. Anyone, have any advise or in Brisbane as well that would like to catch up and exchange ideas?
Just trade on stock index of Ausralia . Unlike a forex pair you dont have to worry about currency strength, moves of two currencies.

Dont do any pre-analysis and never get wedded to your or anyone else's forecasts ( your ego points) .

Avoid using trading to prove a point rather than hit TP.

First job is to mark 10 minutes before the start of the CFD as well as the cash market (by drawing vertical lines on the chart) today's known volatiliy trigger points. I will not hand hold here. You are on your own here.

Do some solid research and post it here what you consider as volatility triggers by giving ratings on a three star system for each of the triggers.

Second job is to follow RickM trading technique for a year by hitting same kick for more than l1000 times in a year.

Dont allow your brain to be hijacked by technical analysis or any other system or Gurus.

After one year RickM technique will get embedded in your brain and you would be able to get guidance from your brain thereafter.

Always focus on practising, imprinting it in your mind or brain, and do away with external dependencies.
Practice makes a person perfect
  • #20
  • May 22, 2021 6:06am May 22, 2021 6:06am
Quoting simnz
{quote} Just trade on stock index of Ausralia . Unlike a forex pair you dont have to worry about currency strength, moves of two currencies. Dont do any pre-analysis and never get wedded to your or anyone else's forecasts ( your ego points) . Avoid using trading to prove a point rather than hit TP. First job is to mark 10 minutes before the start of the CFD as well as the cash market (by drawing vertical lines on the chart) today's known volatiliy trigger points. I will not hand hold here. You are on your own here. Do some solid research and post...
If you are serious, just stick to buying of ASX options for two years and you will emerge as a master trader of futures later.
Buying of options suits a small account holder. Your fear of unlimited loss and playing with stop loss disappears forcing you to observe market moves on the chart with a clear mind. You have to trade only from Tuesday to Thursday in the last week of Monthly Options expiry. Two days in a month.

Do exchange-traded options require margins?
If you only buy options, then margins are not payable. It is when you write (or sell) options that margins may be payable. Margins are paid to cover your obligations to your broker.
Margins - ASX Clear - Australian Securities Exchange - ASX
Practice makes a person perfect
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