American Trading SessionThe American trading session is considered the largest in terms of volume and strength of market movements. All this is connected with the American economy, which is larger and stronger than the economies of other countries. The ability to correctly identify and use market fluctuations in the American session will help everyone earn a lot and quickly.
The opening hours of the American trading session in New York are from 8:00 to 17:00.
The largest financial platforms in New York and Chicago create the main activity of the American trading session.
Trading sessions
At 9 o'clock in New York, the largest market in the world opens - the New York Stock Exchange.
At this time, the giants of the financial world come into play and the market is gaining momentum. An hour later, another major exchange opens, which is called the commodity exchange, the Chicago Mercantile Exchange.
Due to the overlap of the two sessions of London and America, there is a lot of activity and a lot of volume at the beginning of trading.
High activity is observed almost throughout the entire session and stops when the offices of financial giants close in New York. After about one hour, the offices in Chicago also close, marking the end of the session.
Assets
With the opening of the American trading session, trading begins on large platforms in the USA, Mexico, Brazil, Canada.
In Canada, during the American trading session, trading opens on the TSE and CSE exchanges in Toronto, ME in Montreal. At the same time, trading starts on the Mexican Stock Exchange BMV.
During the American trading session, the largest Brazilian exchanges also begin trading: Bovespa in Sao Paulo, as well as BVRJ in Rio de Janeiro.
During this period, key indices are traded:
NASDAQ is a group of stock indices of five thousand companies listed on the exchange of the same name.
XAX is an index traded on AMEX and reflects the dynamics of stock prices and depositary receipts of all companies traded on the exchange.
The Dow Jones is one of the largest indices in the United States, including securities of organizations in almost all industries, except transport and utilities.
The S&P 500 is the stock index of the 500 largest companies on the NYSE and NASDAQ.
S&P/TSX is an index of high–capitalization companies whose securities are traded on the TSE.
Mex IPC is a Mexican stock index that includes securities of 35 large companies traded on the Mexican BMV.
BOVESPA is a Brazilian index based on the securities of 71 large companies traded on the exchange of the same name.
Thus, the American trading session takes place during the work of the world's largest exchanges, where most of the most significant stock indices are traded.
Currency pairs
The pairs that include the currency of one of the countries of this session have the greatest volatility during the American session:
Pairs with the US dollar:
AUD/USD, EUR/ USD, GBP/ USD, NZD/ USD, USD/BGN, USD/CAD, USD/CHF, USD/CZK, USD/DKK, USD/HKD, USD/HUF, USD/ILS, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RON, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR
Pairs with the Canadian dollar:
CADJPY, CADCHF
The volatility of the euro–Mexican peso pair is also increasing.
Features
By right, the American trading session is considered the most active session among others. The main reason is the large economies of London and America, which are trading simultaneously at this time.
As you have already understood, the high volatility that is observed during the American session is capable of destroying any trader's account. It will be extremely difficult and dangerous for beginners to trade at this time.
The beginning of trading is considered an excellent time for scalpers, because during these hours there are strong price jumps, since strong movements can literally earn a decent profit in minutes.
After 11:00, sharp unexpected jumps may occur in the market caused by the actions of large American players, often working together and trying to get maximum profit by reducing the number of players in the market after the closing of European trading.
Before the weekend, during the American trading session, there is usually a pullback on the main trends, since Japanese investors do not trade, European investors leave for the weekend, and American investors try to lock in profits and not leave positions for the next week.
Conclusion
The American trading session is the most volatile part of the entire trading period. During this period, it is worth making transactions with caution, since powerful movements caused by large players are not uncommon.
This session is best suited for scalpers due to fairly strong fluctuations within the day, when a fairly large movement can be taken in a short period.
The most careful approach should be taken to assets related to the US dollar in one way or another, and, accordingly, follow the US news published mainly at the beginning of the session.
Session
European Trading SessionHello everyone!
Today we continue the review of trading sessions on the forex market.
The European Trading session is next in line.
Let's get started!
The European trading session is considered the most volatile of all. The main reasons for high volatility are the coincidences of the opening of the session with the work of the Asian session, in addition, the European session closes during the opening of the American stock exchange.
It is at this time that 5 major financial platforms are operating – the exchanges of London, Frankfurt, Paris, Luxembourg and Zurich.
Trading sessions
Zurich, Frankfurt, Paris, Luxembourg are three major trading platforms that open at 2:00 New York time, while the London Stock Exchange, the main trading center, opens at 3:00.
The opening time of trading in Europe is considered to be from the beginning of work in London, since it is on the London site that 30% of all transactions are made.
The largest companies and banks enter trading on the London Stock Exchange at about 4:00 New York time, so at this time there is the greatest volatility.
Opening hours
The period of such activity lasts about 2 hours, after which the activity of traders decreases and it is lunchtime in the offices.
With the opening of trading in America at 9 o'clock, a new momentum of volatility begins in the European trading session. The activity will last about two hours, after which it will gradually fade due to the closure of the Frankfurt, Zurich, Paris and Luxembourg exchanges.
Stock Market assets
With the opening of the European session, trading begins on the largest exchanges in Europe: the London LSE, the Austrian WBAG, the Berlin, Munich and Hamburg stock Exchanges in Germany, the Irish Stock Exchange, the Italian ISE, the Spanish BM in Madrid, the Swiss SWX, the Stockholm Stock Exchange in Sweden, as well as groups of pan-European exchanges Euronext and OMX.
During the work of the largest exchanges in the European session, the fundamental European indices are traded:
Euro Stoxx is a group of indices of 600 companies of different capitalization levels located in 18 Eurozone countries.
FTSE – index of securities of the 100 largest companies traded on the London Stock Exchange
CAC 40 – Euronext Paris Blue Chip Index
DAX – index of securities of 30 companies with high capitalization of the Frankfurt Stock Exchange
IBEX 35 – blue chip index of the BM exchange
FTSE MIB – index based on quotations of 40 largest companies on ISE
OMX STKH30 – Swedish index of securities of 30 companies with the largest capitalization traded on the Stockholm Stock Exchange
SMI – stock index of the 20 most liquid companies of the Swiss Stock Exchange
The MOSBIRZHI Index is a Russian index of shares of 50 companies belonging to the blue chips of the Moscow Exchange, calculated in rubles.
RTSI is an index of shares of the 50 largest companies on the Moscow Stock Exchange, calculated in US dollars.
Currency pairs of the European trading session
During the European session, currency pairs of countries whose exchanges are active at this time have the greatest volatility.
Currency pairs with euro:
EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD, EUR/CAD, EUR/CHF, EUR/NZD, EUR/TRY, EUR/SEK, EUR/NOK, EUR/HUF
Currency pairs with the pound:
GBP/USD, GBP/AUD, GBP/BGN, GBP/CAD, GBP/CHF, GBP/CZK, GBP/DKK, GBP/HKD, GBP/HUF, GBP/JPY, GBP/NOK, GBP/NZD, GBP/PLN, GBP/RON, GBP/SEK, GBP/SGD, GBP/TRY, GBP/ZAR
Swiss Franc pairs:
AUD/CHF, CAD/CHF, CHF/BGN, CHF/JPY, CHF/RON, CHF/TRY, NZD/CHF, USD/CHF
It is also necessary to pay attention to the currency pairs of the US dollar with the Swedish, Czech, Danish krona, as well as the Hungarian forint, the volatility of which also increases slightly during the European session, especially in its last hours, when the European session intersects with the American one.
Features
Intersecting with two sessions at once: the Asian and the American, the European session becomes very volatile during the hours of intersection. It is at this time that scalpers come into play, who earn on fast movements and sharp trend changes. Due to such high volatility, beginners are not advised to trade at this time or should at least be very careful, because one move in the European session can destroy all capital.
A distinctive feature of the European Session is powerful movements and rapid change of quotes.
The lion's share of movement and trends is formed when the European Trading Session comes into play. This session also features a lot of manipulations – false breakouts, probing levels and collecting stop losses.
That is why it is very important to be attentive during this session and not risk a large percentage of capital.
Conclusion
The European trading session itself is very volatile, because it is at this time that financial centers around the world turn on. However, during the intersection of sessions, volatility increases significantly, which creates large jumps and price movements.
It will be very difficult for beginners to trade at this time, because strong movements will often reach stop losses, there will be a lot of false breakouts after which they will turn around sharply.
At the same time, professional traders who are able to analyze a large amount of information and are able to make quick decisions will be able to earn a lot of money.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
How do you trade different money centres with a session map?Experienced stock market traders often attempt to apply their battle-tested systems to forex trading. They often suffer the same setbacks as aspiring forex traders when they do so. Why is this? What makes the forex market so different from stocks, bonds, or indices?
One key difference is that the forex market trades continuously, 24 hours a day, five days a week. This continuous action (but fluctuating in intensity) means new participants must adjust their trading style. Strategies that worked in other markets need to be tweaked to tackle FX successfully.
Everything is relative to the time of the day in which you are trading in FX markets. Trades made when Tokyo traders are active can be quite different from trades made when London or New York traders are active. So, how can traders break down the 24-hour cycle without exchange-mandated hours?
Enter session maps.
Trading Different Money Centres
A clever way to manage the 24-hour action in forex is to break down each day into the three major "sessions" that occur in each trading day.
1. The Asia/Pacific session:
Most turnover in this time zone is done in Sydney, Tokyo, Hong Kong, and Singapore. Typically, there will be exporters and regional central banks active during this session. However, the liquidity is nowhere near as deep as it is during the London or New York sessions. As such, the price action is not usually as interesting as it is during the other sessions.
The Asia session does have its moments: when there is regional data (AUD or NZ unemployment, JPN Tankan, Central Bank meetings), you can rely on strong directional moves. But most of the time, this session is range-bound or follows whatever happened in the New York session.
2. The London session:
This is perhaps the most important session of the day, for geographical reasons above all else. Along with London, other European financial centres like Frankfurt, Geneva, and Paris are active. That's why sizeable corporate activity takes place during this session and contributes to the deep liquidity of the session. This deep liquidity means that the price action seen during the London session is quite important. It gives a good insight into market sentiment and positioning.
3. The New York session:
The forex market experiences its peak in turnover as London passes the baton onto New York. However, whereas the London session tends to be trendy, New York can have much more volatility and chop. During the afternoon in New York, liquidity starts to dry up quickly.
How do you trade different money centres with a session map?
Evidently, the best trading strategies to deploy can change significantly depending on the time in which you are trading.
The primary goal of a session map is to help traders visualise which session is currently operational.
The session map allows traders to spot strengths and weaknesses during a session more efficiently. They also help you notice patterns which can be helpful in identifying market sentiment.
Are all the majors trending in the same direction? Perhaps the American Dollar is pulling everything in the same direction, or maybe risk appetite is driving high-yield currencies higher (or lower).
Is it a USD-dynamic, with EUR/USD, GBP/USD, AUD/USD, and NZD/USD going one way and USD/CAD and USD/CHF going the other way?
Is it a commodity-dollar day, with big moves in AUD/USD and USD/CAD?
AUD/USD Sells Price has displayed a bearish sentiment and momentum for some time now. This analysis is based on a few technical factors:
- Weekly momentum to the downside is very high
- The previous daily lows have been breached
- Current price has retraced from support in order to achieve a discounted entry
Targets have been set at a significant support region and I intend to scale out and go breakeven to secure a risk free position. More importantly, this means I can get to sleep here in the UK lol.
Hopefully this analysis is useful regardless of the outcome!
New York High and Low Session AnalysisThe above chart and below charts are some analysis on how past New York Session High and Lows have been acting as support and resistance.
In the above chart you can see that the New York Session seems to be putting in THREE consecutive higher sessions (shown as 1,2,3) then completes a recovery.
The below image is a prediction that if price does drop that it could find support at $37000-$37350
The below image is a predication that if we break the previous New York Highs we could see a move to $40300 before coming back to test support at $39100-$39300.
Then upwards to $42380-$42900
London shorts for the win?During nyc yesterday price gave a nice rally above last fridays high and started showing weakness as i was also looking for another push down into 1785 which did not happen just yet.... i figured we would get another run into a previous high in order to get back into mondays lows which is where im looking to take longs to swing for the week. Here it is london session and im looking for this run into a supply area above two previous daily highs for shorts back into 1790-1790ish. should be a nice trade set up lets see how this plays out... thanks for watching...
Tokyo Session Range + Weekly StatsReviewing statistics
Reviewing todays price action. Price has ranged between Tokyo's high and low range. London and New York's session price action has not yet broken out of this range.
Looking at the range so far this week $4850, the average weekly range is $7475.
Waiting for Tokyo open for more price action.
post NY trade series (eur usd bullish)hello everyone hope u have a great day...
as client suggest its possible that we will see a bullish NY session , risk will stand still but profit would differ and it depends on how session end at the end...
good luck !
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hope you all have great time trading :) remember to like and comment your thought about this idea …
do not take this as a signal just use it to improve your sight about the market and for the last thing that I wanna say " you are the only person responsible for your money. don't let others decide about it, you decide ! " much love from Iran...
EUR USD rangeeur usd is currently in a range and I expect eur usd to rise in the London session and after we have a chance to fall again to the daily order block but first we are long for now so keep your eyes open and stay woke for the up move.
I hope de chart explains it all if you have any questions ask them in the comments I mostly answer them in 30/20 minutes
US30 SHORTAccording to my analysis, I short the US30 (Dow Jones Industrial Average)
SL TP you can make as your own,
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
Sessions Future/Past Initial BalanceGood afternoon all,
This video is a trailer to a script that I will soon be publishing.
The script allows you to display:
1. Future days of the week vertical lines.
2. Future session opening vertical lines (plus additional future lines, for if you notice a trend at a certain time).
3. Session boxes, boxes are built using the high and low of a user configurable time.
4. Session Initial Balance or Brinks boxes.
5. Extendable function for the current and previous Initial Balance/Brinks box.
6. User customizable settings: gradient of box background / box outline options.
This indicator will be released in Dec 21, I will release early if the community show interest for early release.
Thank you for your time and support.
28 July - GBPJPY Trade Plan28 July - GBPJPY Trade Plan
Session Bias: Bearish
Daily: Bearish
4H: Mixed
30m: Bearish
- Daily formed resistance at 152.50
- 4H resistance at 152.55 is still rejecting a close above will push for retest of 153.13 /.40
- 1H solid bullish structure with support at 152.20 and 151.84
News
19:00 FOMC Statement
GBPJPY
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$THBR Advent Technologies Inc. to combine with $AMCI AcquisitionAdvent Technologies Inc. to combine with $AMCI Acquisition Corp., creating a leading next generation Fuel Cell Technology Company
$THBR update: Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021
Clears Hart-Scott-Rodino Transaction Hurdle
Company Sees Strengthening Autotech Demand and Sustainable Order Pattern
Reaffirms Strong Revenue Outlook for Above Market Growth
Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity
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