Sorry. I was away from the computer for several hours, so Iām just now seeing your post from 8 hours ago.
Regarding the Kill Zones, here is some perspective. All times shown below are your time zone (GMT+5Ā½ hours).
ā¢ Three of the four Kill Zones ābracketā the opening or closing time of a particular session. These three are the London Open Kill Zone, the New York Open Kill Zone, and the London Close Kill Zone. It looks like this:
12:30pm - London Open Kill Zone begins
1:30pm - London session opens
2:30pm - London Open Kill Zone ends
5:30pm - New York Open Kill Zone begins
6:30pm - New York session opens
7:30pm - New York Open Kill Zone ends
9:30pm - London Close Kill Zone begins
10:30pm - London session closes
11:30pm - London Close Kill Zone ends
These Kill Zone times represent the minimum 2-hour periods which Michael (ICT) suggests. They can be expanded, for example to 2Ā½ hours or 3 hours, if you find that expanding one (or more) of them improves your ability to identify trade set-ups. Generally, I would not recommend reducing any of the Kill Zones.
ā¢ The Asian session is more complex than either the London session or the New York session in the following way.
During the first five hours of the Asian session, three major markets (Japan, Singapore and Hong Kong) and five minor markets (New Zealand, Australia, Korea, China and Taiwan) are all open, but they open at different times, as follows:
12:30am - New Zealand opens
2:30am - Australia opens
4:30am - Japan and Korea open
5:30am - Singapore, Hong Kong, China and Taiwan open
Generally, the āAsian Sessionā doesnāt get rolling until all eight of these players have come to the table ā which means 5:30am (your time). The Asian Kill Zone begins one hour prior to this time, at 4:30am.
Here is another factor which makes the Asian Session unique. Itās traditional in Japan, and certain other Asian markets, to divide the trading day into a morning session and an afternoon session. The major stock exchanges in Japan, for example, close for 90 minutes each day around ālunchtimeā. Financial markets in Singapore and Hong Kong have similar recess periods, but they donāt coincide with the 90-minute recess in Japan.
All of this makes for a very extended trading day in the region; and this is the reason why the Asian Kill Zone (unlike the other three Kill Zones) is four hours long, rather than two hours long.
So, to the list of opening times for the Pacific/Asian countries listed above, you can add the following:
4:30am - Asian Kill Zone begins
8:30am - Asian Kill Zone ends
Note that the Asian Kill Zone basically captures the extended opening of forex markets across the Pacific/Asian region. (Michael didnāt name it the āAsian Open Kill Zoneā, but he could have.)
After the Asian Kill Zone has ended, forex trading begins to close across the region.
9:30am - 2:30pm ā the 8 countries listed above close trading for the day (in the same order in which they opened)
ā¢ One other thing for you to be aware of: beginning in March, certain countries will start going onto (or off of) daylight saving time. This will change some of the times which I have given you, above. I will post those changes here on the Forum, when they start to happen.
