to those that trade purely on technicals, do you find it that the asian session usually produces less false alerts? during the US session i noticed that even though technicals can be right there could be many unexpected news and a lot of times the trade will go big against you before you make any pips. in example i got alerts last night at around 8pm est on the 3 majors and made over 60 pips without ever being down significant amounts. During the US session i get the same alerts but often down double digits before it goes in my favor. by the time that loss is made up i make a smaller profit if any at all.
- #4
- Jul 20, 2006 2:33pm Jul 20, 2006 2:33pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #7
- Jul 20, 2006 8:14pm Jul 20, 2006 8:14pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
Well... trading Asian session for me is like watching paint dry 
Maybe no false signals because it is not moving?
I used to trade the Asian session and used to sit there all day reading, but in Euro and US sessions, there is always something happening. Now I stay up late (Euro session starts 4PM here)
The only thing I find with Asian sessions is somethimes it has a good consolidation breakout setup forming, which can be traded when Euro or London opens.
Just my experience, which I don't have much of
Maybe no false signals because it is not moving?
I used to trade the Asian session and used to sit there all day reading, but in Euro and US sessions, there is always something happening. Now I stay up late (Euro session starts 4PM here)
The only thing I find with Asian sessions is somethimes it has a good consolidation breakout setup forming, which can be traded when Euro or London opens.
Just my experience, which I don't have much of
- #10
- Last Post: Jul 20, 2006 10:19pm Jul 20, 2006 10:19pm
- | Joined Jun 2006 | Status: Trader | 770 Posts
This much I know with Asian session. watch the clock. When its 7:45am in Tokyo, movement starts to swing erotically. I guess the Japs wants to Pips their way to pay for their Coffee before Lunch break. It costs a bomb even for a cup of coffee there!
It all depends on your trading style, strategy & goals. I trade on all markets. Only sleeps 5 hrs daily. My Doctors says, people who sleeps less tend to live longer. I sometimes wonder when my doctor is actually a successful trader?
Let me see your tongue, maybe you have Pips building up?
Anyway, Yes Asian market time is less volatile. Aggressive Traders like Vegas usually ignore it.
Just a Thought & some Facts
It all depends on your trading style, strategy & goals. I trade on all markets. Only sleeps 5 hrs daily. My Doctors says, people who sleeps less tend to live longer. I sometimes wonder when my doctor is actually a successful trader?
Let me see your tongue, maybe you have Pips building up?
Anyway, Yes Asian market time is less volatile. Aggressive Traders like Vegas usually ignore it.
Just a Thought & some Facts
Change Your Thinking. Change Your Life - JD