Good day, traders. I’m perplexed by the trading session. Can I trade at any time if my strategy matches? I mean, I’ve seen my strategy hit during the Tokyo session, but I ignore it due to volatility and wait for the London session. Is this the right thing to do, or should I open a trade at any time if my strategy criteria match? I’m looking forward to expert advice. Thank you so much.
I almost never trade intra-day but the Asian session looks flat. Many traders ignore it as nothing much happens, volumes are low, spreads are higher and it doesn’t suit their time-zone.
Its possible we would see some movement in the Asian session if there was some really bad news overnight - military/terrorist action, presidential assassination, etc. but these are so rare as probably not to be worth it. You could always leave a pending order to buy a safe haven currency like USD or CHF in case this happened.
Thanks for your reply, I’ll keep that in mind.
If your trading strategy works well; then ignore the volatility part! But you should monitor the result of your trading strategy!
Thanks for your valuable comment
If your strategy works you could trade any sessions. FX trading is a trillion currency financial market.
Thank you for your opinion