FX Accurate teaches a profitable trading strategy that requires understanding the three peak activity sessions of the forex market: Asian, European, and North American. The strategy involves marking the high and low of three four-hour candles during the London and New York sessions and trading on the 15-minute chart. The video shows live examples of how to place orders and manage stop loss and profit tags when trading using this strategy. The video also emphasizes the importance of being aware of times of market volatility and deciding when it is best to minimize risk based on one’s trading style.
Trading Strategy Based on Forex Market Sessions
Introduction
– Importance of having a logical strategy for forex trading
– Overview of the 24-hour forex trading session
– Need to be aware of times of market volatility
– Focus on peak activity periods rather than trading 24 hours per day
The Three Peak Activity Sessions in Forex Trading
– Overview of Asian, European, and North American sessions
– Why these three sessions are most active
– Unofficial activity hours for each session
Asian Forex Session: Tokyo
– First session to see action at the start of the week
– Presence of other notable countries including China, Australia, New Zealand, and Russia
– Asian hours often run between 11PM to 8AM Greenwich Mean Time (GMT)
European Forex Session: London
– Takes over before Asian trading hours come to a close
– Includes major financial markets that could stand in as the symbolic capital
– Official business hours in London run from 7:30AM to 3:30PM GMT
North American Forex Session: New York
– Dominated by activity in the US with contributions from Canada, Mexico, and South America
– Marks the high volatility and participation for the session
– Unofficially begins at 12PM GMT
Forex Trading Strategy
– Strategy is based on market becoming slow at certain level
– Mark the high and low of three four-hour candles of London and New York sessions
– Trade on the 15-minute chart
– Place sell order when London/New York session is completely broken and candle high did not break, with stop loss at the high of the m15 candle and double tag profit from stop loss
– Place buy order when London/New York session is completely broken and candle low did not break, with stop loss at the low of the m15 candle and double tag profit from stop loss
– Reviewing trades and switching between h4 and m15 charts for confirmation
Conclusion
– Importance of having a strategy based on forex market sessions
– Overview of the Asian, European, and North American sessions
– Step-by-step description of the trading strategy
– Need to be adaptive in trading and review trades for future improvements.