Now let me give you few tips but very seriou and practical ones. Remember, this is for any kind of strategy almost and system. It is about the behavioral trading not mechanical trading.
1 - Asian session are mostly used for accumulation, yes the asian currencies are mostly moving there like ( jpy, nzd, aud) but still most of time asian session is less volitile less volume. Maybe in some near future china market n russia will blow that session n be more tradable but for now situation is like this.
2- Real trading and volume tradeable start EU session. 20, 30 min before Frankfurt open or especially london, most setups are there during those 20 30 min and after london 20 30 min, up to 1 hour. Of course here i do not talk about swingers or positional traders, but for most type of traders liek daily ones or intraday or scalpers.
3. Same 20 , 30 min before usa session open or during opening or after open 20, 30 min, nice volumes and setups happens, just see on charts take one pair n compare observe it, few weeks in row.
4. Especially for gbp pairs but more like gbpcad, gbpaud, gbpjpy. When comes the middle of usa session most of times they reverse on intraday chart on M15 or M30. So they can be reversed for some point if time in other direction for few candlesticks. It is nice to take few pips or even to scalp it. Put verticl lines on middle of usa session 15 min before middle or so and observe it on those pairs.. Just observe it, do not trade , see if taht can be fit in ur trading system.
5. No matter what kind of system u use, first put ( naked chart) try put 15, or m30 or moslty H1. not more, cos those are best according me timeframe, n try to observe how one pair moves. Try to understand their behavior.
6. Find nice adr indicator, cos adr ( average daily range) is very important alert for one pair. I say alert or guide, not to open positions according that.
7. Most important advice i can give u pls remember this: PRICE IS THE ONE WHICH DRIVES ALL STUFFS WE HAVE ON OUR CHARTS, IT IS NTO THE INDICATORS. IF INDICATOR SAYS OVERBOOUGH OR WHATEVER DOESNT MEAN IT START TO GO DOWN ( just example) , means learn the behave of the price observe it, Indicators floolow the price not the price to follow the indicator. That why maney traders lose on short or long term their accounts, cos they to much rely on their systems and indicators. I mostly use rsi and few emas, but i make heavy price analysis and patterns. Rsi n ema only will confirm ( give me ebtter idea n alert) where im and should i open now or no position. Of oucrse this indicator NRP. But even without this indicator u can trade. Learn the price behavior guys.
Later again i try to post some tips stuffs for real practical use in trading, which can be useful to any kind of trader.
( Sorry for any mistakes during writing)
Have a nice day guys!
" I 'm reafxtrader, join me"
