Hi guys,
I want to reduce or have a more narrowed down pairs that I trade with during the London and New York sessions.
How do I do a daily analysis before the London session opens by knowing which pairs to pick for the day?
Thanks
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Have a look at finviz to see the heat map and look for the general direction on 4hr chart to get a feel of which pair may move that day , best if just learning to only have 2 to 3 pairs that you always trade as trying to look at 28 or so is difficult
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thank you!
Doing this before the London session opens will give you mixed results. Often what Asia buys and what London buys are completely opposite. Go back through charts and look at the candles from 00:00GMT through to 08:00GMT and watch how often the first couple of candles are completely different.
It can work, but it can throw up lots of losers depending on what is driving the market at that time.
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i think its always good to chart and then see. i personally mix things up with gold, fx majros and crypto, which i can trade even over weekends with my broker so thats always a focus for me. just read up ont he markets that interest you and go from there. good luck
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