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Time & Price Theory

The document discusses the importance of timing in Forex trading and identifies the key trading sessions. It recommends only trading during the London session from 2-5 AM EST and the New York session from 8-11 AM EST. The London session typically sets the highs and lows for the daily range, while the New York session can be used to look for retracements. The Asian session from 8 PM to 1 AM EST acts as a consolidation range to identify potential areas for stop placements.

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Planet Travis
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3K views

Time & Price Theory

The document discusses the importance of timing in Forex trading and identifies the key trading sessions. It recommends only trading during the London session from 2-5 AM EST and the New York session from 8-11 AM EST. The London session typically sets the highs and lows for the daily range, while the New York session can be used to look for retracements. The Asian session from 8 PM to 1 AM EST acts as a consolidation range to identify potential areas for stop placements.

Uploaded by

Planet Travis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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TIME & PRICE THEORY (Very Important)

Timing is one of the most important things you have to know in Forex.

*2 Killzones (The only time you should be trading):


1) London Session (2:00-5:00 am) (EST)
2)NY Session (8:00-11:00am)
*You can allow an hour or two before and after the open and close*

*London Session
-During London, It’s a liquidity grab environment in London Open. It’s a false break and
London open is the timeframe when the characteristics of intraday price action give you the high
or low of the day.

-The London open typically represents the high/low for the daily range.

*New York Session

-You can look for retracements or OTE in NY session.

Asian
- From 20:00 to 0:00 or 1:00 is considered the Asian range. It is the consolidation range that is
used as a reference point on where stops might be placed by the street money. Look for PO3
setups after Asian session ends.
- 14:00 or 2 pm EST should be your last bit of day trading inside the daily range. You could go
further but 99% of the daily range is fulfilled by that point.
-If a daily chart is poised to move lower, or in a bearish bias. You have a 70% chance of seeing
the high of the week by Tuesday London Open. At the very least Wednesday London open. It
rarely forms on Monday London Open but the majority of the time its Tuesday London Open.

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