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What's your most profitable session ?

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  • Your most profitable session is...
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  • #1
  • First Post: Jan 12, 2010 6:01am Jan 12, 2010 6:01am
During which session do you make most of your profits ?

This might be a very important factor for our trading results.

Don't forget to comment in order to keep this thread on top so that we have many participants
  • #2
  • Jan 12, 2010 6:19am Jan 12, 2010 6:19am
I trade the London session. I'm huge on Euro cross pairs and exclusively trade Eur/Gbp & Eur/Jpy. I found the best time to trade these two pair are during the London session into the early morning of the US session.

If you are looking for ideas on which sessions to trade, that would depend on many variables, such as which pairs do you trade, do you work a 9-5 job, etc...
  • #3
  • Jan 12, 2010 6:27am Jan 12, 2010 6:27am
only coz it's the period i am exposed to it. i prefer the euro london opening breakouts.

plus a student of 2 other champions......
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #4
  • Jan 12, 2010 6:44am Jan 12, 2010 6:44am
no particular session. Whenever there is a set up, I trade it.
  • #5
  • Jan 12, 2010 7:19am Jan 12, 2010 7:19am
None in particular. I perfer trading daily charts with 4 hour charts on the side so this kind of excludes and includes all markets.

Razor
  • #6
  • Jan 12, 2010 7:24am Jan 12, 2010 7:24am
I am scalping the Frankfurt open into the early London session & I bet I consistently have the best results in the 2 hours starting about 30 minutes before FO til first 30 minutes of London.

A close second is the New York open - definitely the first hour of that.

I don't like the "Asian session" but sometimes I will trade then & if I do its a 1-hour bracket - 30 min. either side of Tokyo open.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7
  • Jan 12, 2010 7:27am Jan 12, 2010 7:27am
I think its the best time to trade, seeing as the volumes higher.
The greatest force on earth is compound interest.
  • #8
  • Jan 12, 2010 7:42am Jan 12, 2010 7:42am
Quoting The Fool
I am scalping the Frankfurt open into the early London session & I bet I consistently have the best results in the 2 hours starting about 30 minutes before FO til first 30 minutes of London.

A close second is the New York open - definitely the first hour of that.

I don't like the "Asian session" but sometimes I will trade then & if I do its a 1-hour bracket - 30 min. either side of Tokyo open.
Same here Fool. My money is always on the table at the beginning of the London session and that has proved very profitable when trading the Eur pairs I trade. BTW, the Asian session is the worst session in my opinion. The US session is not a good session to trade, in my opinion.
  • #9
  • Jan 12, 2010 7:59am Jan 12, 2010 7:59am
Quoting Jhig
Same here Fool. My money is always on the table at the beginning of the London session and that has proved very profitable when trading the Eur pairs I trade. BTW, the Asian session is the worst session in my opinion. The US session is not a good session to trade, in my opinion.
Yep, if I had to pick one 90-minute session to trade any day, it would be FO/LO. I have gotten used to catching the NY open because of the recurrent news announcements that are scheduled then....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #10
  • Jan 12, 2010 9:21am Jan 12, 2010 9:21am
Quoting The Fool
Yep, if I had to pick one 90-minute session to trade any day, it would be FO/LO. I have gotten used to catching the NY open because of the recurrent news announcements that are scheduled then....
The Fool -
During the first 90 mins of the FO/LO are you generally looking to trade on the recurring news or are you simply using the news to generally augment/enhance your trading strategies already in place ... or both?
  • #11
  • Jan 12, 2010 11:21am Jan 12, 2010 11:21am
Early Euro/NY overlap. Asia session is more about ranging or taking out low/high multiply times until Europe wake up.
Measure twice, cut once
  • #12
  • Jan 12, 2010 12:35pm Jan 12, 2010 12:35pm
I trade the EURUSD in the Asian session. Generally lower volatility and a lot of ranging. It's pretty predictable if you've been trading it for a while. I like taking inner-range trades (where the range has been already set) on 'bucket' type formations with targets from 15-20 pips, and fading trades that break just above/below significant fractals, usually with 30+ pip target.
  • #13
  • Jan 12, 2010 12:44pm Jan 12, 2010 12:44pm
Quoting therbcoe
The Fool -
During the first 90 mins of the FO/LO are you generally looking to trade on the recurring news or are you simply using the news to generally augment/enhance your trading strategies already in place ... or both?
There are often good news volatility events to trade during FO/LO and I will target some of those if they're there - I trade only the aftermath of news events. But, generally, I am just looking for the european market to wake up and give me some increased price action to scalp.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14
  • Jan 12, 2010 12:50pm Jan 12, 2010 12:50pm
Quoting smittens4212
I trade the EURUSD in the Asian session. Generally lower volatility and a lot of ranging. It's pretty predictable if you've been trading it for a while. I like taking inner-range trades (where the range has been already set) on 'bucket' type formations with targets from 15-20 pips, and fading trades that break just above/below significant fractals, usually with 30+ pip target.
Hello,

How are your spreads during Asian session? Do you mind telling me the your broker? I have been looking at Asian session for a while but the problem is the sprads widens for Asian session with my broker,the big O.

I trade FO/LO open,Most of the time LO because I wait for the spread to come down to 0,9.
  • #15
  • Jan 12, 2010 4:43pm Jan 12, 2010 4:43pm
i trade all session (if i fill that 'time' is good and i'm not busy with other business ) ...because forex is 24 hour...and i give all price candle with same dagree...
I will be the number one Manager.
  • #16
  • Jan 13, 2010 10:00am Jan 13, 2010 10:00am
Quoting The Fool
There are often good news volatility events to trade during FO/LO and I will target some of those if they're there - I trade only the aftermath of news events. But, generally, I am just looking for the european market to wake up and give me some increased price action to scalp.
Okay - Thanks!
  • #17
  • Jan 14, 2010 3:54am Jan 14, 2010 3:54am
Quoting The Fool
I am scalping the Frankfurt open into the early London session & I bet I consistently have the best results in the 2 hours starting about 30 minutes before FO til first 30 minutes of London.

I don't like the "Asian session" but sometimes I will trade then & if I do its a 1-hour bracket - 30 min. either side of Tokyo open.
shiiiiiiiiiit I was exactly like you!(when scalping) pretty much to that letter in that post.

Now I sit on 15min time frame 3pm AESDT to 10pm AESDT. Focus maily in Europe to London.
  • #18
  • Last Post: Jan 14, 2010 11:10am Jan 14, 2010 11:10am
Quoting FxOptimus
Hello,

How are your spreads during Asian session? Do you mind telling me the your broker? I have been looking at Asian session for a while but the problem is the sprads widens for Asian session with my broker,the big O.

I trade FO/LO open,Most of the time LO because I wait for the spread to come down to 0,9.

I trade with MBT, once Tokyo trading starts (circa 7PM EST, when I usually start) the spread is pretty consistently 0.9 pips and has been for as long as I've been trading this session. Will often go lower to 0.8 or 0.7, and rarely will go higher. MBT charges commissions however, which effectively bring the spread per trade closer to ~1.6 pips. I'm generally done trading by midnight EST, so I can't comment on the spreads between then and the FO/LO, but I imagine the spreads are still competitive.
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