trading sessions

  • Thread starter Thread starter Ara
  • Start date Start date
  • Watchers Watchers 7

Ara

Active Trader
Apr 24, 2023
169
37
39
36
How do traders adjust their approaches during quieter trading sessions (e.g., Sydney) compared to more active sessions (e.g., London or New York)?
 
How do traders adjust their approaches during quieter trading sessions (e.g., Sydney) compared to more active sessions (e.g., London or New York)?
more cautious & long term strategies & focusin on AUD and NZD for sydney but short strategies and focusin on EUR GBP and USD for london or new york
 
  • 👍
Reactions: Ara
more cautious & long term strategies & focusin on AUD and NZD for sydney but short strategies and focusin on EUR GBP and USD for london or new york
Yes, you know it is a great plan to modify trading methods according to the activity levels of several sessions.
 
  • 👍
Reactions: NatureGirl
How do traders adjust their approaches during quieter trading sessions (e.g., Sydney) compared to more active sessions (e.g., London or New York)?
I never trade during those sessions because spreads are higher also volatility is low, basically two crucial components of profitable trading are absent during those times.
 
When the market's chillin' during quieter sessions like Sydney, traders might dial down their risk and focus on patience. But when London or NY hit the stage with action, they turn up the volume, trade more actively, and ride the waves with more excitement! It's all about adaptin' to the rhythm of the market, mate!
 
Trading in the Sydney session has low liquidity, so the spread is sometimes higher than the London and New York sessions, so I avoid that session.
 
I have categorised the pairs I trade with based on their performance during various sessions like EURUSD in the New York session, USDCAD in the Asian session, etc.
 
Quieter trading sessions like Sydney usually have lower volatility and fewer strong price moves, so I prefer to be more selective with entries and avoid chasing small breakouts. Smaller targets and tighter risk control can make more sense during these hours.

London and New York sessions are generally more active, with higher liquidity and stronger momentum. This can create better opportunities for breakout or trend-based setups, but the higher volatility also means stop-loss placement and position size need more attention.

I also think the best approach depends on the currency pair being traded. AUD, NZD, and JPY pairs may be more active during the Asian session, while major pairs often see stronger movement during London and New York.

Do you adjust your position size or stop-loss depending on the trading session?