Hello Traders!
Here is another example of the Asian Session Sweeping equal lows within the late N.Y session or what I call the New York Lunch 12pm - 8pm.
We were looking for the DXY to make the high of the week on Mon. Tue. or Wed. and we did get that.
Which means we were bearish on the Dollar. (Check recent post of my DXY mark up for proof)
When trading the Asian Session I look to scalp at-least 30 pips and risk 30 pips for the trade.
That means I'm taking a 1:1. Risk a dollar for a dollar.
When it comes to this setup Im typically looking at the 15m or 5m chart.
Price takes out those equal lows created in the N.Y lunch session and then goes higher.
I aim for at-least 5, 10, or 15 pips max to take an entry from broken highs or lows because the forex algorithm is set move in increments.
As you can also see price went beyond 1:1.
There will be moments were it will just be a couple pips or a hefty amount of pips.
This example so far, from the entry as reached x4 times what we were aiming for.
Giving us close to a 1:4. Risk a 1 dollar and gain 4 dollars.
The power of the Asian Session my lovely traders.
Study.
Here is another example of the Asian Session Sweeping equal lows within the late N.Y session or what I call the New York Lunch 12pm - 8pm.
We were looking for the DXY to make the high of the week on Mon. Tue. or Wed. and we did get that.
Which means we were bearish on the Dollar. (Check recent post of my DXY mark up for proof)
When trading the Asian Session I look to scalp at-least 30 pips and risk 30 pips for the trade.
That means I'm taking a 1:1. Risk a dollar for a dollar.
When it comes to this setup Im typically looking at the 15m or 5m chart.
Price takes out those equal lows created in the N.Y lunch session and then goes higher.
I aim for at-least 5, 10, or 15 pips max to take an entry from broken highs or lows because the forex algorithm is set move in increments.
As you can also see price went beyond 1:1.
There will be moments were it will just be a couple pips or a hefty amount of pips.
This example so far, from the entry as reached x4 times what we were aiming for.
Giving us close to a 1:4. Risk a 1 dollar and gain 4 dollars.
The power of the Asian Session my lovely traders.
Study.
