Ultima Markets[Trading Classroom] Early bird catches worm, looking at Asia...

Last week, I shared with you the London session breakthrough strategy 'The Metaphysics of Trading, Is the Afternoon Session the cornerstone of successful trading?' Isn't it true that early Asian investors don't have bugs to eat? Although the volatility during the Asian period is the lowest throughout the day, it does not mean that there are no trading opportunities to take advantage of. The most classic is20Breakthrough strategy during the Asian period。

The key to the strategy of breaking through the Asian session is that the Asian session overlaps with the European session, during which the market usually becomes more active and volatile, providing us with the opportunity to take advantage of price fluctuations.

The core idea of this strategy is that although we are in Londonforeign exchangeTrading during trading hours, but we will focus on AsiaForeign exchange transactionsTime period. There is a slight difference from the famous London breakthrough strategy:Our goal is to obtain20Moderate profit of points。

By setting this achievable goal, we can fully utilize the unique characteristics of the Asian period and increase the probability of successful transactions. The strategy is based on the principle of breakthrough,

Firstly,Before the start of London trading hours1Within hours, we will determine the highest and lowest points of the Asian trading period.

Secondly,Look for those days with narrow fluctuations during the Asian period. Set breakthrough entry orders for buying and selling, with each stop loss2-3Points.

Thirdly,Set the stop loss of the buy stop loss order below the sell stop loss order, and set the stop loss of the sell stop loss order above the highest point of the Asian session.

Fourth,Set up for these two orders20The stop profit target of the point.

Investors need to pay attention to specific currency pairs, such asGBPUSD、GBPJPY、EURGBPandEURJPY. In addition, based on one's own trading style, you can15Minutes30Minutes or1Operate within the time range of hours.

USD/JPY5Minute periodic chart, sourceUltima Markets MT4）

Taking yesterday's USD/JPY as an example, the Asian session continued to fluctuate and consolidate, but before the start of the London session, the market broke through the volatile range of the Asian session. If the final choice is made146.65Entering the area Then directly make intraday orders for profit20Point, do not linger on the subsequent upward trend, and ultimately will not encounter the risk of a major reversal in the future.

Whether you are a novice or experienced trader,20Breaking through foreign exchange trading strategies during the Asian period is worth a try. However, regardless of the strategy adopted, always remember the importance of risk management. Setting a stop loss order can limit potential losses and ensure the safety of your funds.

Finally, as market and economic conditions change, your trading strategy may need to be adjusted. Continuous learning and adaptation to market changes are crucial for the success of traders. Through effective strategies and appropriate risk management, you may be able to find sustained profit opportunities in the foreign exchange market.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information。