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Trading sessions in trading | KillZone | Forex Market Cycles | Free Smart-Money Training

Hello everyone, this is a series of training articles on the Smart Money trading strategy (Smart-Money Concept) from the WildMoneyPro project. In this article we will tell you in detail about trading sessions and KillZone. And if you want to understand the concept in more detail, we recommend our telegram channel @WildMoneyPro

Trading sessions in trading

For successful trading in financial markets, it is necessary to know about trading sessions. This is the time when the market is open for trading, and when most of the price movement takes place on it. In this article, we will look at the main trading sessions and how they affect trading.

Trading sessions are the time when financial markets are open for trading. They are divided into several types depending on where the market is located and what time zone is used.

In Forex currency markets, session times play an important role in trading.

Asian session (01:00-11:00, UTC+3, daylight saving time)

This is the time when assets are traded in Asia. Stocks, currencies and other assets from Japan, China, Korea, Australia and New Zealand are traded at this session. Currency markets are characterized by a weakly volatile price movement in a narrow trading range. This is due to the fact that minimal trading volumes and liquidity are observed at this time, and therefore manipulation by large capital (banks and other financial institutions) is rarely observed. At this time, it is not recommended to open trades, but to wait for the opening of other trading sessions. If there is a strong trend movement, then you should skip London and wait for the opening of New York.

London session (10:00-19:00, UTC+3, summer time)

Tthis is the time when assets are traded in Europe. Stocks, currencies and other assets from Europe are traded at this session. Forex is characterized by the withdrawal of liquidity from the Asian session. The first main session, which usually sets the main pace of the direction of the day. If a strong trending price movement is formed during the London session, then we should expect a deep correction or a trend reversal during the next New York session.

American session (15:00-00:00, UTC+3, daylight saving time)

This is the time when assets are traded in North and South America.Stocks, currencies and other assets from the USA, Canada and Latin America are traded at this session. The second main session for trading.The most volatile session, in which price manipulation is most often observed. If the price is in a sideways movement during London, then there will usually be a strong impulse price movement in New York.

Liquidity of trading sessions

The liquidity of sessions is a magnet for prices and large capital will seek to take away the pools of liquidity that are formed behind the highs and lows of trading sessions.

At the same time, it does not matter if the price was in a narrow range or there were strong impulse movements.Therefore, we can expect a sharp jump in the price to capture liquidity and then a price reversal in the opposite direction follows. Trading sessions should be considered for opening new positions and for fixing deals (take profit)

Session highs and lows

Determining session highs and lows is a task that can be solved using the session range indicator, which will automatically mark the maximum and minimum for the session period. However, if you prefer to work without indicators, you can manually highlight these places by simply marking the beginning and end of sessions. Regardless of what liquidity was in the market during the session – absorbed or formed, such information can help you determine the further direction of trading during the day.