FOREX TRADING SESSIONS 101 - UNDERSTANDING FOREX SESSIONS IN YOUR FOREX TRADING STRATEGIES
And to another lesson of the eme today. We'll be dealing with transitions. Training. Sessions are important. In terms of the, guide, when. To trade and when. Not to trade they also give, you. They. Assist, you with factors, like. News releases because. If you are using. Because, you use different theories, when, trading so, if you're using the. Market. Maker, theory. Or principle, then, you, will know that the. Market makers use decisions. To. Create. Setups, before. News releases so if you can get those setups you. Can be able to determine the, direction which, the news will take, so. It can also help in that sense and also technically. In. Terms of taking. Technicals. You, can also utilize, these. Decisions, to. Find specific. Patterns. There, can. Be lots, of benefits, which. Come from knowing. Trading. Sessions, that's, why sometimes you'll, hear me talking, about London, session is coming. New. York is closing, and whatsoever, so. I'll. Be using the. Sort. Of the Kingston that time as my time zone which. Is Jim T plus true you. Will do your own conversion. Wherever. You are but then very. Confident. That once we, are done with this lesson you won't need to do much conversion you just see by, the structure pattern that Toki we are now in this session, we. Are now entering, or. Closing. Decision so. Without any further ado let's. Get into it we have four sessions which. Are. Namely. The asian session the, london session the new york session of the sydney session the sydney session, is sometimes, left out or knocked out but, then in here we'll be. Dealing. With it so we, have four major sessions, the asian session london, session New York session see decision, these. Sessions also. Have the occurrence. So. The, Asian session the main currency, for the agency Xin is the GUI then. The London session is the euro the GBP, and the, CHF. Which is the Swiss franc the New York session will be the. USD, and also the CED. Or CAD the. Sydney, session will have the AUD, and also the NZ I'm just listing a few currencies. Or most, most, traded currencies. So. Asians JPY, London. Is, euro, GBPC. F New, York is d and CAD Sydney. Is AUD, NZD. So. Let's now get into the times which, these sessions open and close we, start off with the asian session because. It comes early, in the morning the, asian session comes. At 1, a.m. it opens at 1 a.m. and also closes, and. Also, closes, 90. So. I'll. Be making use of, okay. Before, I start. Making use of anything let. Me show you these. Errors. Here. These. Dot. Vertical. Lines. Or. Protein, vertical, lines they, show for those who might not know the, shoe a, full. Trading, day this, is. 24. Hours. So. The. Distance, between these, two, broken. Vertical, lines is. Reinforce. It's, an entire trading day. From. The, open, to, the close, so. As we know the forex, market runs for. 5, days in, a week Monday to Friday and it. Runs throughout 24. Hours the hotel Falls PD. So. Let's. Get. In through the times for, decisions. We. See the rooster over the Asian then we'll come, with the London the. New York turn off and do this evening session the. Asian session comes. At. One. ATM or tokens, at 1:00 a.m. and. Closes. At 9:00, a.m., so. I'll be making use of, the. Vertical lines. You'll. Forgive, me if my accuracy, is off but, then it will be that much of you'll just get the. Picture, that I'm trying to paint so. Even if I'm off by 30 minutes. Or one hour. Booking, should be makes more one hour so. Even if I'm off. With. That much. You. All have to understand. You, just have to get the picture because I'm also tracking you'll. Also, hear. What. I'm trying, to put. Out there so we, have the Asian coming, in at 1:00, a.m.. Opening. At 1 a.m. then. Closing. At. 9:00 a.m. so, 1:00 a.m.. Should. Be around here should, be around somewhere here. Okay. It's. That Kendall. That's. The scandal, here. So. It's around a I don't want to do much, moving as you see my. Waist, I'm trying. To adjust a screen, so, 10th, at around, 9:00, a.m.. It. Should be somewhere here a. Bit. Far off. So. 9:00 a.m. should, be somewhere, around here. As. I say don't pay too much attention on, the accuracy, just. Get what it's what is being taught here then. From the, Aegean, this is the Asian wait, I know the Asian we go to the London the London session, started.
Excuse. Me for that the, London session starts. At 10:00 a.m. and, ends, at 5:00. P.m.. So. We'll. Be seeing. 10:00. A.m. so, it. Should be around four, to, five candles, from. The. Last 9:10, a.m. should be somewhere, around here. So. Now. Let's put it somewhere on here, ten. Okay. That may also use a different color 10:00 a.m.. To. 5:00. P.m.. Let's. Leave it there that's. 5 p.m. then New York New. York session, opens. At. 3, p.m. and, closes. At 11, p.m.. So. 3. P.m.. Is. Their. Trip. Him somewhere, around here. Somewhere. Along here. Somewhere. On here. Let. Me also select a different color. So. We are now in the New York and. Then the New York, which. Is from 3:00 p.m. to. 11:00. 11:00. P.m.. It's. Somewhere, on here. Somewhere. Okay. Let me just adjust it, a little bit. Should. Be somewhere around here. Cannot. Spot one but then close, enough then. Finally, we have the Sydney session which is from 11:00, p.m. to. 6:00. A.m.. You'll. Also be seeing something, when I'm busy plotting. Each. Lancia. Busy. Placing these lines here you'll, see something. Called. The. Overlap, of. Sessions. So. Sydney. Is. From. 11:00, on opens at 11 p.m. then. Closes, at 6:00 a.m., so. 11. P.m. is that one for, the. New York loose, let's. Go and find. 6:00. P.m. so we are getting into another, trading day in intriguingly. So. You'll find that 6:00, a.m.. Service. Exam. Is. Around. See. See. It's. A bit further. Should. Be somewhere long. Yeah. Six strictly somewhere long day, so. I'll just be using. Another. Color. Should, we. Just. Take this one. So. We. Now have four, sessions. You know I have four sessions. Let's. Do this, we. Have. The. Asian session. Here. We. Have the. London, session. Here. We. Have the, New York session. Here. We. Have. The. Sydney. I. Mean. Then. Those are your four sessions remember, the asian session. Major. Currency, gpy. London, major. Currencies. The euro DPP. And CHF. New. York session major currencies. Usd/cad. Sydney, session major currencies. AUD. And NZD. That's. Why the news. For. These currencies, the, pro you won't. Find, JPY. News. Coming. In the. New york city know you'll never find jeep great news coming in at the time, Jeep, when use coming. Decision. Euro. GBP. And CHF news, coming at decision. USD. And, CAD news. Coming at decision, AUD. And NZD coming. At decision. So, you see already, buy, just merely. Looking. At, the, currencies, involved, in the decisions, you, can sort, of treat, a strategy. In. Which you can determine. The news direction, because they'll, be. In a specific pattern, which. Is given. So. You, can also treat a strategy, based. On, sessions. It can be a fundamental. Strategy. Or technical, strategy so. Let's. Proceed, let's. Proceed. So. As. I mentioned I can just keep this on. As. I mentioned, we. Have, Asian. London. And. C. They. Only have the, different. Time. Intervals. Or. Whatever we may call them but, then what you should know is that. Usually. Using. The because. The. Asian if you notice the. Asian session and the. Sigma session the Asian and the sensation, they, are overleaping, they're almost all killing at, the, same time they're, over there. Impurity is very much hi. Which is why in some cases the Sydney session is concerned, out so. The. Asian, and. The Sydney they, overlap, and then. It's this time whereby the market, is very slow, it. Doesn't move that much but, then remember here's, another thing, we. Have the. Major currencies, for, decisions, so, if we, have JPY, in the Asian session and. A median. And the D in the Cygnus Asia it, means we, might experience, some volatility, or some movement, from. These three currencies, during. Those sessions. Then. During. The London, you, jog rotating. Star at the London you should expect, much. Movement from, euro. GBP. And CHF, pace. From. New. York to New York you should expect. More. Movement. From the. USD, and CAD. Pace. So any pair with CAD or use, the unit it. Will most. Likely move. The most during. Those during. The New York session then. I pair. With. GPU. I unit remove, the most during. The asian, session i pair. With your GP. Or CHF remove, the most during, the London session a pair, with AUD NZD one, of them hosts during, the scene decision. But. Then it's not always, the, case, remember, this it's. Not always the case we just deal, with cases. Whereby. We. Have most. Things, happening. So. It's, mostly, it's not all the time it's not always it's, mostly. So. What. Can we do next we, have the sessions. We. Have the sessions in check then, we also have the overlap, because if you can see. This. This. Space. Here, this. Area here whereby. We, still have the London session but, then the New York we still have the London session running but, then they knew yet the New York has opened, this is what we call a session, of my lab that's.
A Session of overlap, then. Even. With the as, I mentioned the Sydney because remember the. Asian session starts, at 1 a.m. it. Opens, at, 1 a.m. and, closes. At 9:00, a.m., the. Sydney, opens. At 11, p.m. and. Closes. At 6 a.m.. So. You will see that the. Asian and the signal, as I mentioned, before. Overleaping. For. A long time. Then. Besides. The overlap, we have something, called a gap, type a kept. Time is experienced. Here, between let's. See the administration and the London session, whereby the alien, remember, who's at 9 a.m.. Then the, London opens a Tinian so. There's an hour here. There's. An hour we called it our a cap time because. If alien, truths at 9:00, the London opens, at 10:00, that, means there's our difference, whereby, there. Is no. Session. Opened, truth, so that's the key the cap time. That. The gap I wrote Henry. Can see. It's. Used, for market, makers true. Set. Up the moves. Yeah. Target. For those sessions. Remember. You have different, currencies, moving. In those different sessions. So. They. Should be certain. Setups. Which. Will be placed so. That those. Currencies. Can. Take, a certain direction. So. They. Keep on forgetting it. So. We, have those, sessions. In order. You. Can now, scroll. Back and just, see by just merely routine, by. Just merely looking, at the. Chart. You, can see that. This, area here. It's. The easiest issue less movement. Then. The. Breakout here is for the London. Then. We have the, New, York then. In, comes the Asian, with less movement as usual oh. No. Sorry the Sydney but then also the Asian is coming, so. Just like that you. Can see you, can see. Less. Movement. Break. Out. Then. Market. Start reaching. Down. Then. In. Comes in a new trading day. Once. Again just. Like that we have very. Low or very little, movement. During. The asian, civilisations. When. That's the asian and city sessions we, just have, no. Movement we call that movement. Consolidation. It's. Called the consolidation. The. Movement, is called the consolidation, whereby. The. Price moves within a confined area. There. Is no breakout, to the higher to the loop, so. In. The next video now that we got to introduce to. The. Sessions. We'll. Also, be. Dealing. With a strategy, for. These sessions, there. Are certain strategies, which can make a lot of money, when. Applied, and. These. Strategies are based on trading. Decisions. You can add. Your indicators. Your price action and whatsoever, to, the strategy, to just get more confirmation, but. Then just by by. Just merely, looking. At the chart you can, know. That, the. Chart is most likely to go in this direction because, it's, this time therefore. Such moves are, hipping. Because. Of one two and three, so. Fundamental. In technically, speaking you. Can know where. The market is headed, when. You. Use. Sessions. That's. It for now thank you.