Forex session indicators – calculating the cheating of a market maker in the Asian session



Forex session indicators – calculating the cheating of a market maker in the Asian session


Forex session indicatorsHello dear friend. Today I will share with you my own best practices in forex trading using forex session indicators. Knowing when the forex trading session begins and ends, you will be able to understand which support-resistance levels are important for the price at the moment.

In my trading, I use 3 types of support-resistance levels: channels, psychological levels, as well as the levels of hai / loy of Asia and yesterday. If everything is more or less clear with the first and second levels, then what does the Asian session have to do with it and what does the extremes of yesterday have to do with it?

It turns out that the extremes of the Asian session of the current and yesterday, as well as the lows / highs of yesterday are quite strong trading levels that you need to focus on when trading within the day.

But, before moving on in understanding the session levels, it is necessary to understand what session times need to be set. To do this, go to the site http://www.forexmarkethours.com/ where you indicate your city / country and get the session time value for your time zone. Here is an example of the start / end of sessions for the city of Zaporozhye (+3 hours to GMT).

Forex session indicators

Those. The London session starts at 10 am. American session at 3 pm. Well, after 11 pm you don’t have to go into the market at all, because I hardly trade during the Asian session.

How to determine the levels of the price lows-highs for yesterday or for the Asian session?

Everything seems to be simple – we measured the start and end times of the session and found the highs / lows during this time. Manually. But it is better to make an indicator for this routine work 😉 When the need arose for such an indicator, it turned out that everything had already been done before us. At least the basic functions were already there.

I started to refine the i-sessions indicator. The author of the indicator is Igor Kim, better known on the web as KimIV. Therefore, I do not sell my modified session indicator, although there are 3 times more improvements than in the original version 😉

Examples where the market maker breeds the crowd at session extremes

For example, using forex session indicators, I scribbled a market maker’s divorce for several days on GBPUSD on May 19-23, 2017 and how knowledge of trading sessions helped to see these divorces (clickable image). As you already understood, the blue rectangle at the beginning of the day is the Asian session. From it, the levels of highs / lows are built, which are valid for the current and next day.

If you go through this chart, you will understand on May 22 – they broke through the current Asia range and the price returned inside the Asian range, after which it went beyond the current Asian high, interrupted the previous day’s high (May 21) and returned to the Asian session range. Why did it happen? In this case, the market maker achieved 2 benefits – 1) he collected stops (after all, many traders put stops FOR the nearest high / low, which is what the Asian session is for them), 2) he drove into the minus traders-breakers who like to scalp on level breakouts (the same Asia).

What happened on May 23? Almost the same situation. First they took everyone down (they killed them on May 22nd and Asia on May 23rd), then they killed the Hays (High Asia from May 22nd and High Asia from May 23) and returned to Range Asia again.

Moreover, such divorces happen very often and in your trade you need to be guided by the fact that if the price has reached a certain level, it may work out and the price will reverse.

Forex session indicators

How to use the indicator of Asian sessions in your trading (general algorithm)?

  1. We trade during the European and American sessions – then it is clear what levels of Asia the price has fixed and where the market maker’s divorce is possible
  2. We track each level to which the price approaches (extremes of Asia today and yesterday, extremes of yesterday)
  3. We expect that the price of 70-80% will return in the range of the Asian session (we collected the stops, lit the breakers and turned around)
  4. If the price has broken the level, it should “consolidate”. (An easy word, but it is very difficult to explain it.) The price should break the level from top to bottom, for example, then return to this level – from the bottom up and not break this level further up.
  5. Only after retesting / fixing the price below the level, it is possible to consider further price advance in the chosen direction and look for an entry into the market on this part of the chart.

The listed algorithm is general, there are always exceptions in any rule, additional features and examples for consolidation. The best way to learn these rules is to simply trade using the sessions indicator and watch how the price behaves in any given case. Only with experience will one come to understand the price reaction to these levels. How many articles do not read – there will be no result without trading experience. So practice 😉

Best regards, Andrey Malakhov, professional Forex trader, investor, financial consultant.

Attention!

If there is a need in your life:
– change your thinking
– to form a new vision of the future, a new look
– make an important decision
– change yourself and your income
– get motivated
– set goals and achieve them
– get any other changes that you think are difficult to implement

Leave a request for a free coaching session with me here:
-> https://taplink.cc/malahoff_coach

Share this article with your friends. They will tell you “Thank you!”:



” data-translation=”

Forex session indicators – calculating the cheating of a market maker in the Asian session

AMarkets


Forex session indicatorsHello dear friend. Today I will share with you my own best practices in forex trading using forex session indicators. Knowing when the forex trading session begins and ends, you will be able to understand which support-resistance levels are important for the price at the moment.

In my trading, I use 3 types of support-resistance levels: channels, psychological levels, as well as the levels of hai / loy of Asia and yesterday. If everything is more or less clear with the first and second levels, then what does the Asian session have to do with it and what does the extremes of yesterday have to do with it?

It turns out that the extremes of the Asian session of the current and yesterday, as well as the lows / highs of yesterday are quite strong trading levels that you need to focus on when trading within the day.

But, before moving on in understanding the session levels, it is necessary to understand what session times need to be set. To do this, go to the site http://www.forexmarkethours.com/ where you indicate your city / country and get the session time value for your time zone. Here is an example of the start / end of sessions for the city of Zaporozhye (+3 hours to GMT).

Forex session indicators

Those. The London session starts at 10 am. American session at 3 pm. Well, after 11 pm you don’t have to go into the market at all, because I hardly trade during the Asian session.

How to determine the levels of the price lows-highs for yesterday or for the Asian session?

Everything seems to be simple – we measured the start and end times of the session and found the highs / lows during this time. Manually. But it is better to make an indicator for this routine work 😉 When the need arose for such an indicator, it turned out that everything had already been done before us. At least the basic functions were already there.

I started to refine the i-sessions indicator. The author of the indicator is Igor Kim, better known on the web as KimIV. Therefore, I do not sell my modified session indicator, although there are 3 times more improvements than in the original version 😉

Examples where the market maker breeds the crowd at session extremes

For example, using forex session indicators, I scribbled a market maker’s divorce for several days on GBPUSD on May 19-23, 2017 and how knowledge of trading sessions helped to see these divorces (clickable image). As you already understood, the blue rectangle at the beginning of the day is the Asian session. From it, the levels of highs / lows are built, which are valid for the current and next day.

If you go through this chart, you will understand on May 22 – they broke through the current Asia range and the price returned inside the Asian range, after which it went beyond the current Asian high, interrupted the previous day’s high (May 21) and returned to the Asian session range. Why did it happen? In this case, the market maker achieved 2 benefits – 1) he collected stops (after all, many traders put stops FOR the nearest high / low, which is what the Asian session is for them), 2) he drove into the minus traders-breakers who like to scalp on level breakouts (the same Asia).

What happened on May 23? Almost the same situation. First they took everyone down (they killed them on May 22nd and Asia on May 23rd), then they killed the Hays (High Asia from May 22nd and High Asia from May 23) and returned to Range Asia again.

Moreover, such divorces happen very often and in your trade you need to be guided by the fact that if the price has reached a certain level, it may work out and the price will reverse.

Forex session indicators

How to use the indicator of Asian sessions in your trading (general algorithm)?

  1. We trade during the European and American sessions – then it is clear what levels of Asia the price has fixed and where the market maker’s divorce is possible
  2. We track each level to which the price approaches (extremes of Asia today and yesterday, extremes of yesterday)
  3. We expect that the price of 70-80% will return in the range of the Asian session (we collected the stops, lit the breakers and turned around)
  4. If the price has broken the level, it should “consolidate”. (An easy word, but it is very difficult to explain it.) The price should break the level from top to bottom, for example, then return to this level – from the bottom up and not break this level further up.
  5. Only after retesting / fixing the price below the level, it is possible to consider further price advance in the chosen direction and look for an entry into the market on this part of the chart.

The listed algorithm is general, there are always exceptions in any rule, additional features and examples for consolidation. The best way to learn these rules is to simply trade using the sessions indicator and watch how the price behaves in any given case. Only with experience will one come to understand the price reaction to these levels. How many articles do not read – there will be no result without trading experience. So practice 😉

Best regards, Andrey Malakhov, professional Forex trader, investor, financial consultant.

Attention!

If there is a need in your life:
– change your thinking
– to form a new vision of the future, a new look
– make an important decision
– change yourself and your income
– get motivated
– set goals and achieve them
– get any other changes that you think are difficult to implement

Leave a request for a free coaching session with me here:
-> https://taplink.cc/malahoff_coach

Share this article with your friends. They will tell you “Thank you!”:



” data-type=”trSpan”>

Forex session indicators – calculating the cheating of a market maker in the Asian session

AMarkets


Forex session indicatorsHello dear friend. Today I will share with you my own best practices in forex trading using forex session indicators. Knowing when the forex trading session begins and ends, you will be able to understand which support-resistance levels are important for the price at the moment.

In my trading, I use 3 types of support-resistance levels: channels, psychological levels, as well as the levels of hai / loy of Asia and yesterday. If everything is more or less clear with the first and second levels, then what does the Asian session have to do with it and what does the extremes of yesterday have to do with it?

It turns out that the extremes of the Asian session of the current and yesterday, as well as the lows / highs of yesterday are quite strong trading levels that you need to focus on when trading within the day.

But, before moving on in understanding the session levels, it is necessary to understand what session times need to be set. To do this, go to the site http://www.forexmarkethours.com/ where you indicate your city / country and get the session time value for your time zone. Here is an example of the start / end of sessions for the city of Zaporozhye (+3 hours to GMT).

Forex session indicators

Those. The London session starts at 10 am. American session at 3 pm. Well, after 11 pm you don’t have to go into the market at all, because I hardly trade during the Asian session.

How to determine the levels of the price lows-highs for yesterday or for the Asian session?

Everything seems to be simple – we measured the start and end times of the session and found the highs / lows during this time. Manually. But it is better to make an indicator for this routine work 😉 When the need arose for such an indicator, it turned out that everything had already been done before us. At least the basic functions were already there.

I started to refine the i-sessions indicator. The author of the indicator is Igor Kim, better known on the web as KimIV. Therefore, I do not sell my modified session indicator, although there are 3 times more improvements than in the original version 😉

Examples where the market maker breeds the crowd at session extremes

For example, using forex session indicators, I scribbled a market maker’s divorce for several days on GBPUSD on May 19-23, 2017 and how knowledge of trading sessions helped to see these divorces (clickable image). As you already understood, the blue rectangle at the beginning of the day is the Asian session. From it, the levels of highs / lows are built, which are valid for the current and next day.

If you go through this chart, you will understand on May 22 – they broke through the current Asia range and the price returned inside the Asian range, after which it went beyond the current Asian high, interrupted the previous day’s high (May 21) and returned to the Asian session range. Why did it happen? In this case, the market maker achieved 2 benefits – 1) he collected stops (after all, many traders put stops FOR the nearest high / low, which is what the Asian session is for them), 2) he drove into the minus traders-breakers who like to scalp on level breakouts (the same Asia).

What happened on May 23? Almost the same situation. First they took everyone down (they killed them on May 22nd and Asia on May 23rd), then they killed the Hays (High Asia from May 22nd and High Asia from May 23) and returned to Range Asia again.

Moreover, such divorces happen very often and in your trade you need to be guided by the fact that if the price has reached a certain level, it may work out and the price will reverse.

Forex session indicators

How to use the indicator of Asian sessions in your trading (general algorithm)?

  1. We trade during the European and American sessions – then it is clear what levels of Asia the price has fixed and where the market maker’s divorce is possible
  2. We track each level to which the price approaches (extremes of Asia today and yesterday, extremes of yesterday)
  3. We expect that the price of 70-80% will return in the range of the Asian session (we collected the stops, lit the breakers and turned around)
  4. If the price has broken the level, it should “consolidate”. (An easy word, but it is very difficult to explain it.) The price should break the level from top to bottom, for example, then return to this level – from the bottom up and not break this level further up.
  5. Only after retesting / fixing the price below the level, it is possible to consider further price advance in the chosen direction and look for an entry into the market on this part of the chart.

The listed algorithm is general, there are always exceptions in any rule, additional features and examples for consolidation. The best way to learn these rules is to simply trade using the sessions indicator and watch how the price behaves in any given case. Only with experience will one come to understand the price reaction to these levels. How many articles do not read – there will be no result without trading experience. So practice 😉

Best regards, Andrey Malakhov, professional Forex trader, investor, financial consultant.

Attention!

If there is a need in your life:
– change your thinking
– to form a new vision of the future, a new look
– make an important decision
– change yourself and your income
– get motivated
– set goals and achieve them
– get any other changes that you think are difficult to implement

Leave a request for a free coaching session with me here:
-> https://taplink.cc/malahoff_coach

Share this article with your friends. They will tell you “Thank you!”:






Ссылка на источник

Give a Comment