Since when is London the crappiest trading session? | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

London session and us session 1 reply

Which pair move more during US session compare to london session? 2 replies

Late US Session Early Asia Session Trading 2 replies

day trading during London session 5 replies

Relation of the Asian session to the London session... 3 replies

Attachments: Since when is London the crappiest trading session?
Exit Attachments

Since when is London the crappiest trading session?

  • #41
  • Mar 1, 2017 10:34am Mar 1, 2017 10:34am
Quoting mades
Quoting Stu Effex
{quote} How to adapt to environment where there is no prey? You can drastically lower your expectations (like TP after 5-8 pips - eating mices instead of large prey) but well, it's just more efficient to wait till NY starts as it's more efficient for predator to move to a better area. That's why predators are nonstop on the move. Anyway your solution is the only one possible (to adapt), question is how. My idea is to trade only pair which has red news during that period or trade when there was no movement during asian session
...
Get small. Pennies add up. An RTM market is lovely to make money in. There are not many RTM millionaires, because sometime this year the market will take a very long trend. It will crush you.

Google LTCM.

It is important have a system, that you made, that will let you know to start just following the trend.
If you are good at something, never do it for free--Joker
  • #42
  • Mar 1, 2017 10:39am Mar 1, 2017 10:39am
Quoting cat
{quote} Day trading is in robust health, but it exposes those whose TA is weak and kills them off very quickly. Trading requires great dexterity of mind and attitude, and this has never been truer than in today's market conditions.
As I said I refuse to believe it, my point was that if market doesn't move during the first 5 London hours as it used to, you either have to change period during day when to trade or as you said, lower the timeframe and lower the TP/SL. I remember London doing magnificent moves but well..its over and NY took the initiative.
  • #43
  • Mar 1, 2017 10:51am Mar 1, 2017 10:51am
Quoting jmn5611
{quote}{quote} Get small. Pennies add up. An RTM market is lovely to make money in. There are not many RTM millionaires, because sometime this year the market will take a very long trend. It will crush you. Google LTCM. It is important have a system, that you made, that will let you know to start just following the trend.
"It is important have a system, that you made"

My personal view is trend, range etc makes no difference. I can't tell if you saying to me or someone else as it shows you have quoted me. If it's me I will never be crushed 100% guarantee. I will lose some 100% guarantee.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #44
  • Mar 1, 2017 10:57am Mar 1, 2017 10:57am
Quoting mades
{quote} As I said I refuse to believe it, my point was that if market doesn't move during the first 5 London hours as it used to, you either have to change period during day when to trade or as you said, lower the timeframe and lower the TP/SL. I remember London doing magnificent moves but well..its over and NY took the initiative.
I don't agree. NY has become much harder to trade than it used to...you often get a complete reversal around the NY open which is extremely difficult to trade. For me, 6am to 1pm London time are the best hours to trade, though there is usually a lull mid-morning. Take today's Dow, it made its move north at 7am London time, and hasn't looked back, same with the Dax. London is still king as far as I'm concerned, and I don't expect this to change anytime soon.
  • #45
  • Edited 8:36pm Mar 1, 2017 10:58am | Edited 8:36pm
I trade and watch London and US session, day in day out.

90% of the time is BS anyway.

All i can say is, London doesn't suck at all.

But noobs who can't trade, will complain about everything.
  • #46
  • Edited 11:17am Mar 1, 2017 10:59am | Edited 11:17am
Finally people start to realize what's going on. The trading conditions in the FX market right now are terrible! The market is totally asleep and I don't think it's going to change any time soon.

Attached Image (click to enlarge)
Click to Enlarge Name: fxp.png Size: 19 KB


Volatility is not coming back!
The problem is complex and goes much deeper than most people think. What we see now is not some temporary phenomenon. This is a long term trend!
Ever since FX concepts (the largest FX hedge fund) decided to close down in 2013, I knew that the future of fx trading is not going to be bright!
The trading volumes are falling! Most of the big players are out, and not interested in fx anymore. The hedge funds no longer trade FX. (only a few).

The prop desks are dead and buried.
The banks also are out of the game. They no longer trade/speculate with their own capital. (because the new regulations do not allow this) Now they only provide liquidity via fully automated HFT algorithms.
Retail volumes are falling also. In the USA the forex market is dead! With all the regulation..... and max leverage 50:1.....no chance for new developments.
And there is a constant reduction of leverage all over the world. In Japan (which was one of the biggest fx markets) the max is 25:1.

Now in Europe new regulations are going to make forex trading impossible.

The UK 10-15 years ago was the center of the universe when it comes to forex.
Now with the UK leaving the EU, and with all this drama, the industry is dying fast.
Also new regulations are coming.....which will destroy the market totally..
The other issue is electronic cryptocurrencies like bitcoin. Eventually they will replace all other currencies.
Things are changing now, and fast!
I think this is the plan. The international financial cartel wants to destroy the FX market. They want one world currency for total control of the world. This is the long term goal and we are moving in this direction.
  • #47
  • Mar 1, 2017 11:31am Mar 1, 2017 11:31am
Thanks Alphaomega for insightful and interesting post although I don't agree with everything you wrote. I think its all in the charts anyway.
  • #48
  • Mar 1, 2017 11:41am Mar 1, 2017 11:41am
Quoting Stu Effex
{quote} "It is important have a system, that you made" My personal view is trend, range etc makes no difference. I can't tell if you saying to me or someone else as it shows you have quoted me. If it's me I will never be crushed 100% guarantee. I will lose some 100% guarantee.
I was quoting someone who quoted you. I know how you trade. You trade like Ali fought Foreman.
If you are good at something, never do it for free--Joker
  • #49
  • Mar 1, 2017 11:46am Mar 1, 2017 11:46am
Quoting jmn5611
{quote} I was quoting someone who quoted you. I know how you trade. You trade like Ali fought Foreman.
On the ropes for those too young to remember, saving it all for one devastating flurry of punches towards the end of the fight when all looked lost.
  • #50
  • Mar 1, 2017 11:53am Mar 1, 2017 11:53am
[quote=alphaomega;9614369]Finally people start to realize what's going on. The trading conditions in the FX market right now are terrible! ....."

That said, it still fucking well beats serving burgers at MacDonald's or stacking shelves at Tesco's, and whilst the market conditions may well not be what they were when some of the old hands around here were trading them, they are still very tradeable provided one has the knowledge required to trade them. I'd encourage anyone new to trading to stick with it and not be discouraged by the ' when I were a lad ' mentality of the seasoned traders who've been in the game for 10-20 years or more.
  • #51
  • Mar 1, 2017 12:03pm Mar 1, 2017 12:03pm
Quoting alphaomega
The market is totally asleep and I don't think it's going to change any time soon. {image} Volatility is not coming back! The problem is complex and goes much deeper than most people think. What we see now is not some temporary phenomenon. This is a long term trend!

When there is no risk. There is no reward. Remember, In the real world, FX is not counting pips. And the spread can be 10 folds compare to FX trading.

Moreover, cold war is over. What remains is race to the bottom, and beggar thy neighbor. Therefore, interest rates will stay low.

Happy trading.
  • #52
  • Mar 1, 2017 12:33pm Mar 1, 2017 12:33pm
Quoting jmn5611
{quote} I was quoting someone who quoted you. I know how you trade. You trade like Ali fought Foreman.
Oh I see, the quoting lark sometimes throws me and still can't remember how to quote more than one post.

Ha ha funny you should mention that scrap. I was having a chat today and recalling this gem
Inserted Video


and an interview with one of my all time favs Marvelous Marvin Hagler.

Sorry to thread OP for off topic but I'm sure an opportunity to revisit that 15th round should not be missed.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #53
  • Mar 1, 2017 1:38pm Mar 1, 2017 1:38pm
Quoting cat
Quoting alphaomega
Finally people start to realize what's going on. The trading conditions in the FX market right now are terrible! ....." That said, it still fucking well beats serving burgers at MacDonald's or stacking shelves at Tesco's, and whilst the market conditions may well not be what they were when some of the old hands around here were trading them, they are still very tradeable provided one has the knowledge required to trade them. I'd encourage anyone new to trading to stick with it and not be discouraged by the ' when I were
...
Cat,
Of course trading (when works well) is better than any regular job.
And of course, we can still pick a few pips here and there......

But when I say that the future of FX trading is not bright, this is not a matter of personal opinion!
Facts are facts, no matter how you try to twist them in order to fit your personal rosy picture.

Volatility caused by direct manual speculation (meaning real traders, not some algorithms) creates a lot of exploitable market inefficiencies.
Today most of these market inefficiencies do not exist. Yeah the market still moves up and down all day.......but my Monte Carlo simulations also can move all day. However they are completely random.

Nothing works as before.
The trading sessions are getting smaller and smaller. Tight ranges all day. No aggressive price action. No big breakouts. Even the major news/economic announcements today are boring as hell.

No action man. There is just no action. The new younger traders maybe do not notice this because they have never seen real healthy price action.

Then on top of this inactivity, from time time and out of nowhere the market goes totally crazy and in the middle of night explodes with some hundreds of pips for no reason. Then it goes quiet again. Just some random flash crashes.

Why the market does that? Because the market is thin, and there is no real traders to take the other side. Just some random bots playing with the price!

The Asian session 8 years ago was more active then the European session today.
If this trend continues eventually the market will become untradable intraday.

When the speculative volatility is very low, the Big market makers begin to internalize 100% of the order flow!
So, even though there are a lot of commercial buyers and seller, the actual exchange rate does not move at all. This is what happens right now to a large extend.
  • #54
  • Mar 1, 2017 3:29pm Mar 1, 2017 3:29pm
Still plenty of opportunity. Don't trade the shitty USD pairs. EURCAD, EURAUD, GBPCAD, GBPAUD and GBPJPY still have 200 pip range most days and they trend much smoother.
  • #55
  • Mar 1, 2017 3:36pm Mar 1, 2017 3:36pm
the sessions all depend on sentiment and news so if it's quiet it could be because the fundamentals are not giving any clues and traders are waiting for direction from the fundamentals.
  • #56
  • Mar 1, 2017 5:40pm Mar 1, 2017 5:40pm
Quoting alphaomega
Now in Europe new regulations are going to make forex trading impossible.
What are this new regulations and when will they start?
Thank you.
  • #57
  • Mar 1, 2017 10:59pm Mar 1, 2017 10:59pm
Learning from Physics Law. The law of Inertia. It is harder to move an object when it is idle or in equilibrium. A small force or deviation will be insignificant to overcome inertia.

When an object is in motion. It is easier to move it in any direction, forwards or backwards.

Applying it to FX trading or any other sorts of trading. Or any business.

When the market is slow. Traders tend to stay away. Not to disturb the peacefulness of the market. Those who make the first move face greater risks to move the market. Again Rewards is awarded for those take risks.

That's why most break outs are usually fake. And to overcome inertia, it requires lots of energy and capital.

Moreover the greater distance from equilibrium, the greater the risks. That explains market volatility.

Happy trading
  • #58
  • Mar 1, 2017 11:45pm Mar 1, 2017 11:45pm
Quoting Stu Effex
{quote}{quote} Whatever. Giving the OP a suggestion for being able to survive in any environment you just wait for that gazelle no problem. I will fill up on mice while I'm waiting. {image}
13 trades is not a sample size that can prove anything.

Volatility has sucked for the last year. When I started trading forex, coming from other instruments, I could easily have 80 pip days with EURUSD. Sometimes off just one trade. That takes more work now. And 80 pip days are rare.
  • #59
  • Mar 2, 2017 12:56am Mar 2, 2017 12:56am
Quoting alphaomega
{quote}{quote} Cat, Of course trading (when works well) is better than any regular job. And of course, we can still pick a few pips here and there...... But when I say that the future of FX trading is not bright, this is not a matter of personal opinion! Facts are facts,.
I agree with you, but we have to forget about all that and concentrate on the here and now. I am well aware how choppy the markets have become, it's been like this for quite a while now, but like everyone, I've had to adapt. The market moves right, all day, and whilst it may not be easy to catch these moves some of the time, it is still possible to catch most of them, or at least enough of them, using proper, disciplined money management, tp profit from them. That's really all that matters. Those who don't like it just have to go and do something that they do. I for one am pretty happy with the way the markets are behaving. If I wasn't, I wouldn't be here.
  • #60
  • Mar 2, 2017 1:28am Mar 2, 2017 1:28am
I don't understand it.
Trump tweets and the market moves.
I'm more knowledgeable than Trump, but if I send a Tweet - nothing happens.
0 traders viewing now