Market Sessions

Did you know you ONLY have to focus on just ONE market session to make this trading thing work ? Every session comes with its own volatility and different nuances that affect the market. Most traders tend to focus on all 3 sessions (Asian, NY and London). Now this may seem like a good idea, since more sessions = more chart time right ? WRONG ! Once you choose a session you will be focusing on, you will put all efforts in MASTERING that session.
As a trader you have to realize that the forex market has its cycles of high volatility and low volatility. Its very important to be aware of the time that you will be trading the market. Lets say, you start to look at the charts around 2pm EST, when London session is closed, Asian is closed, NY is about to close, so just ask yourself; no matter how good a setup looks in THAT instance, do you think there will be volume at that time ? Do you think there will be volatility at that time when Asian and London is closed, and NY is about to close ? Do you think that makes sense ? The problem here is that our brain says, “No it makes no sense at all”, but our heart says “The setup is there mate, makes perfect sense!”. This is where the 90% of the loosing traders sit. Below is a simple break down of the RECOMMENDED hours to trade:
Now fundamentally if you look at this, and if you keep in mind that during these few hours of the market, there is ALOT of volume being thrown around. As a scalper and a day trader, these times are crucial in trading; and understanding the movements of price during these times will really benefit you in your ability to survive in this harsh game.

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