The Asian session breakout forex trading strategy allows you to trade breakout trades upon the the opening of the London trading session. The forex market during the asian trading session is usually thin and does not much volume and volatility. Because of this, you will generally tend to see the Asian market will be in consolidation traveling in a narrow range.
But as soon as the London and European forex market opens, the volatility and the volume increases and this causes price to breakout of the Asian session market consolidation. This forex system is similar to the london breakout forex trading strategy but the in this article we will use some great supporting indicators to catch trade signals accurately.
At least 1hr before the London market opens, you need to identify the highest high and lowest low of the Asian trading session. The ideal situation would be that the Asian session was traveling in a tight range during that day.
If the Asian session was in a good trend and not in a consolidation during the day, then if you tried to find the range, it would be too high…which means your stop loss would have to be very large to cater for that wide range!
So only target days where you really see tight trading range during the Asian trading session. Hi I like the idea, but the fisher and Dayimpulse are both seriously repiants Back test result is unreliable! Open a 5 mins chart, you will see how bad the repaint!
Your email address will not be published. Leave this field empty. Vortex Trend Retracement Strategy: Hope you are well. Thank you for another fantastic and priceless forex trading systems lesson. Thank you for all your help Thanks and Regards Lyndon. Great forex trading system site and to the point.
Hope God bless you. Hi, what I can say is that you do a great job, Thank you for the great systems! Leave a Reply Cancel reply Your email address will not be published.More...