How to Trade Without Following the Major Trading Sessions

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#566: How to Trade Without Following the Major Trading Sessions

In this video:

00:26 – Which trading Session should you look at?

01:13 – I used to be up all hours of the nigh trading the US session.

02:53 – Profitable US30 and Natural Gas trades.  

04:25 – Trade on the close of a candle.

05:30 - My 17 minutes Masterclass and Book a Call.

05:58 – Blueberry Markets as a Forex Broker.

06:26 – Comments, Like & Subscribe.

Should you trade the European and US Trading Sessions in order to be a successful forex trader? Let's talk about that a more. Right now.

Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 566.

Which trading Session should you look at?

Today I want to talk about trading sessions. A lot of people get confused and get this completely wrong. And they think that in order to be a successful trader, whether it be forex or metals or indices, whatever it might be, they think that they should trade what we call the trading sessions.

Now the Asian trading session was just based around Tokyo. Then we have the London and kind of that into European trading sessions and then the US trading sessions. And they tend to be the times when this the most activity within the market. And people get very confused and they think, well, I should only be trading the London trading session or I should only be trading the US session, or make sure I try and trade both of them, and it's something that you do not have to do.

I used to be up all hours of the nigh trading the US session.

Now, admittedly, when I started to trade, I thought that's what you had to do as well because that's what people tell you you should do. But quite often in life, with most things and people tell you you've got to do this. The reality is that there's a far better way of doing it by ignoring what they say. And there's no better example than that.

Then for me, living here in New Zealand, the London session is in our evening into our night time, and the US session is the very early hours of the morning. Utterly impossible and unrealistic. Impractical to trade.

And just this week I've taken trades on the US30 and also on natural gas. Now the US30, especially being in a US index.

Traditionally, I would have thought, well, that means I have to be up at 2:00 in the morning to trade when the US markets are open and when natural gas, slightly less of a, an issue, but again, not a main forex what you call like a mainstream forex pair because it's a gas and the metals, the gases, and the indices and a lot of the commodities as well tend to be based more around the US time of day.

Not particularly useful when you live on this side of the world. But really this applies to wherever you live in the world. If you're living in, Europe, let's say you got, well, I can't trade the London morning session because I'm at work. you may be in the US and go, well, I can't trade the London trading session because it's like 4:00 in the morning for me. And so it doesn't matter where you live in the world, the same concept applies.

Profitable US30 and Natural Gas trades.    

The thing is, with trades like the US30 that I took this week, and by the way, it was a very profitable trade. We had a 3.2 to 1 reward to risk on that, and we also had a 2.8 to 1 reward to risk on the natural gas, both for profitable.

So great results. the point being is I took both of those two trades based off the daily charts, and I took them at the close of the day, which is 5 p.m. New York time. Now, the great thing is, when you understand, close of charts, close a day charts and the close of a time friend chart.