Asian Kill Zone (ICT concept) 1 of 4 Parts

21 янв. 2023 г.

Asian Kill Zone (ICT concept) 1 or 4 Parts:

Look At First Two Hours Of Tokyo or Asian Session

1) Look At Noted Jpy pairs on chart, on 15 mn timeframe

2) First two hours of Tokyo or Asian session with one or more Jpy, should give you a set up for 15-20 pips or more, attached UJ chart gives you 50 pips in 2 hrs.

3) Yes, look at previous session. Is there a buy or sell trend on 15 mn timeframe. Is there a fib. retracement set up (50%-61.8%)?

4) Yes, you could have held noted UJ trade today (Friday) for 200 pips, but never trade with emotions or fear.

5) You need to understand completely what the Asian or Tokyo session wants to do and what happen a few days before current price action, so you can formulate a plan or strategy for trading the Asian/Tokyo session for the 1st, 2 hours or more- if you do trade it.

6) Asian Session has the lowest liquidity and volume each day and is before London and NY sessions (You need to understand, what big banks are doing during this session (accumulation? or...)

7) Remember that price action moves in waves- like the ocean- so trading the right pair, at the right price, during the right session & at the right time is paramount- when you are trading Forex, as a retail trader.

Yes, ICT is on YouTube- been trading 30 plus years. If you keep an open mind and review his free material you will be 100% better Forex trader.

Wish you best, stay safe

Your homework, if you trade Tokyo session is to study all Japanese pair and what they do related to price action within the 1st two hours of session and how you would have gotten into trade (in hindsight). Where you would have place Entry, Stops & Target). Are you conservative trader or aggressive trader? How long do you let trade run if you are in profit?