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Asianrange

EURUSD Trade study short/longTrade study using Asian range. Trade went below opening candle in London session indicating bullish but wasn't noticed. Price also took the Asian lows before moving up. Price then consolidated before taking the Asian high, then took the recent swing low at lower timeframe indicating out POI. Price then eventually achieved our target Price Asian range low then took Thursdays (Asian high +4) before taking our initial Target (Asian range -1). Trading in Friday is complicated but with proper risk management we was able to take a 1:1.2rr trade Using proper risk management is always necessary which I didn't do for some reason NOTE : PRICE ALWAYS MOVES FOR A REASON
Education
by xppreciate
XAU/USD Asian Range Backtesting Notes: Asian Range is 19:00 - 00:01 (7pm-midnight est) on 1Hr time frame Gold plays well off the Asian range Highs and lows are usually Whole numbers ; Asian mid is on or around the 500 lvl Best entries (London): 12:30 - 2am est after range has completed Best entries (New York): 7:30 - 8 est Entries taken from the Asian high low ONLY after the range has completed Profit levels can be found previous Asian levels or previous higher time frame Highs/Lows (look left for history) TRADE THE TREND: Marking off Asian levels on a consistent basis help build the story for which trend is in play. From day to day, asian levels turn into each other often or turn into opportune entry points. (i.e Tuesdays Asian High = Wednesday Daily High, Wednesdays Asian High = Thursday Daily Low) Avoid countertrading for the biggest rewards & chances to scale in on one position. BE PATIENT! Trading outside the times & zones will leave you in consolidation, whipsawed, stop hunted or just waiting for price to move vs getting parabolic movement after entry. *Please like and comment below as you see fit. I am trying to build my reputation on tradingview and it would be greatly appreciated if you show love if you received value #WakeUpInProfit #TeamWakeUpInProfit
OANDA:XAUUSDEducation
by WakeUpInProfit
Asian Range | Liquidity Trap | FVG & London OpenHey folks I hope you're all good and making some good untraditional profits 😉 Here is a model that you will find few days every trading week! {Terms used in this Idea} Asian Range: a time span from 19:00 to 00:00 NY Time that forms every day except for Mondays.. Usually price taking of Asian Range's high or low means liquidity is taken and price "could" reverse short-term if that agrees with our daily bias.. London Open: Time span from 02:00 to 05:00 NY Time when the market is very acrive. Price usually forms high or low of day during London Open.. FVG: Fair value gab is a gab that forms between two candles separated by a third candle forming the gab (blue-shaded boxes on chart) If you found that useful give it a ♥️LIKE♥️ 💙Thank You💙 Glad to hear from you in comments✍️
VANTAGE:SP500Education
by MST_Trader
EURAUD 15M BIG BEN BREAKOUT TRADING STRATEGYRule #1 Define the London Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. This strategy works because the Asia trading range tends to attract buy and sell stops above and below the trading range. The bulk of buying and selling stops becomes an easy target for the smart money. Remember that traders need liquidity to execute their orders. And, the smart money is always in search of liquidity to fill their large orders. That’s the reason why the smart money needs to trigger those stops. Rule #2: The One-Hour before the London Open Needs to Generate the Breakout Our backtesting results revealed that momentum really starts to pick up 1-hour earlier than the actual London opening session. There are some smart ways to trade this burst of momentum. Let’s see some technical ways to trade the pre-London open. We don’t need to guess in which way the market will break, we let the market tip his hand and show us the way. This is where things get interesting. Let me explain… During the London session we’re going to see the most traded volume thus the foreign exchange market should really take off in one direction or another. Rule #3 Price needs to fade Immediately after the London session opens, we want to see the price fading the pre-open move. If the move starts fading, we know it was a false breakout. Smart money has used the pre-open move to trigger the stops above the range and now they reverse the tie and start selling. We want to see price pulling back into the range at the same speed as it went up. Let me explain… In simple words, the bearish momentum used to produce the false breakout needs to be equal to the bullish momentum used to fade the pre-open move. We enter our trade after the first 5-minutes have confirmed that the price is reversing. Once this trade setup is completed, you should see a price formation that takes the V-shaped form (or inverse V-shape). Rule #4 Take Profit or Ride the Trend We can measure the size of the Asia trading range and project from the top or bottom of our range to get our profit target. But, oftentimes this type of setup can lead to a trading day that can extend in the days to come. Now, in this case, it’s wise if you employ other trading tactics so you can actually profit from this trend. In this example, the better take profit strategy would be to use a trailing stop. You need to be ready to explore other trading methods to manage your trades. Rule #5 Use a Time Stop Instead of a Price Stop In order to fade the London breakout, you need to use unconventional trading methods. In this regard, for our stop loss trading strategy we’re going to use a time stop instead of a price stop. The first time I’ve ever heard about the time stop concept was while reading the Market Wizards book. Billionaire Hedge Fund manager Paul Tudor Jones one of the greatest traders of our times said: “When I trade, I don’t just use a price stop, I also use a time stop.” So, how to apply the time stop to the London strategy? It’s very simple… If, in the first hour after the London open the price didn’t COMPLETELY reversed the pre-opening breakout, we exit the trade. It’s simple as that, no further explanation is needed.
Education
by Tradingstrategyguides