Topic: Trading base on market sessions - page 2. (Read 337 times)

You can use bots to do automatic trades for you 24/7 although it will be problematic since you have to tweak it base on your preference but in the end all of the effort you put into that bot is pretty much worth since you can spend more of your time not on the screen because it automatically trades.

This is 24/7 market session so I don't make trading decisions based on the timezones or whatever things you are talking about but its true that you can't trade all the time while you can make it possible with trading bots. It may apply to the p2p trading when you are trading cryptos to your local fiat because most advertisers are going to be online at the peak time so you may have better liquidity along with price offers.

None of us can trade 24/7 and we can not force our bodies to trade in time we should sleep on beds. I get your idea for market activity and price movements but I won't force myself to sacrifice my sleep, just to trade.

If I find out a good entry and it is time to sleep, I will set my order to wait for luck. If I am lucky enough, when I wake up in the morning, my order will be filled at discount price.

Indeed, having no focus would lead most traders to more loss and worst is panic. Because of those factors I do believe more people would experience this situations without knowing the solutions. But if you're not going to surrender, someday will bring your fortune and lucky profit once you can overcome all those previous failures. In order to recover what had been lost, use your worst nightmares in trading as an inspiration to pursue your future and build a strong mindset.

There is no session in crypto since trading goes 247 but maybe.
Those sessions are normally for Foreign Exchange Market but it's noticeable that crypto marketcap changes whenever the sun sets and rises on the other side. Probably related to the time when a trader wakes up and then bids on the market again and when about to sleep, he gets out of the market or so.

understanding market season atleast will help us their character, how assian will be , or europe or maybe america. when we look it carefully there is something character, maybe in assian will continue the trend that formed in US or something else.but so far for traders , they dont look it seriously they just focus on price analisys.

I don't know much about market sessions which is one reason why I don't considerit before making trades. I used to think these market sections are only effective in forex markets and not crypto too but I do know that there are much more bigger market movements whenever the Asians wake up or their market session officially starts. But thanks for pointing out some bad days for trafung. I agree with you because I've seen this happen first hand on multiple occasions. Market usually get a deep turn to the bottom whenever it gets to a week and especially on Sundays.

You need more convincing evidence to prove that the Bitcoin price may be affected by the different trading sessions based on the countries, or it has a link with the traditional markets.
Bitcoin prices come from the price movement in the traditional 24-hour platforms or OTC markets, in which fluctuations are made based on supply, demand and liquidity movement, both of which are not specific to an accurate time basis.

There may be a correlation between increasing trading pairs on the platform based on time and individual activity, but trading bots make it possible to trade 24 hours.

New York sessions is quite okay but most time the trend always change during this period.
The European session is also quite massive cause this is the period where volatility is much expected. There's an overlapping during the early time of the U.S  session like from 1pm GMT to 4pm GMT. After this period the market volatility becomes reduced.

Trading when two sessions overlap remains the best time to trade. For instance by 1pm GMT the Bank of America opens and thus money is pumped into the market causing the market to be more volatile and about the time Sydney and Tokyo sessions are still open causing the volatility even more tensed. Personally I love trading during  Newyork and Sydney sessions since at least 2 or more markets would be open

Trading requires adequate knowledge on how the market moves embedded with factors that are responsible for the fluctuation of price. It's very important to also know when to trade and when not to trade cause a lot of factors can influence the entire movement of the market. Just like the market reaction to bitcoin that made it to fall to $49,000 some few days ago.

It is quite important to know the various trading sessions which could help to know the part of the day in which volatility frequently occur. There are some trading sessions that is characterized by high volatility, creating more opportunities to make more money compared to trading sessions with low volatility. Low volatility market can be frustrating atimes cos their is less opportunity to make good money, spending more time on a particular trade without any good result. Quite frustrating!

I believe no man is an island of knowledge, we learn by sharing our experience and consensus with others. I believe what I am about to share with us could help one or two persons in their trading journey. I'm open to suggestions and opinions.

We can make money trading when the market moves up and also moves down. But we will have a very difficult time trying to make money when the market doesn't move at all.

We have four trading sessions in the market:

-SYDNEY SESSION
-ASIAN/TOKYO SESSION
-LONDON SESSION
-NEW YORK SESSION

SYDNEY SESSION: represents Australia and other countries and it time zone. Market opens by 9pm GMT and close by 6am GMT.

ASIAN/TOKYO SESSION: represents Japan and other Asian countries around it. Opens by 11pm GMT and close by 8am GMT.

LONDON SESSION: represents the United Kingdom and other European countries around it. Opens by 7am GMT and close by 4pm GMT.

NEW YORK SESSION: represents the U.S. opens by 1pm GMT and close by 4pm GMT.

Note: All sessions last for 9 hours. You can always add 9 hours to the opening time to get the closing time of any particular session.

GMT: Greenwich Mean Time: https://greenwichmeantime.com
https://24timezones.com/time

BEST TIME TO TRADE

-When two sessions are overlapping of course! These are also the time when major news events come out to potentially spark some volatility and directional movements.
-The European session tend to be the busiest out of the four sessions.
-The middle of the week (Tuesday, Wesday and Thursday) typically shows the most movement, as the pips range widens.


WORST TIME TO TRADE

Sundays: Everyone is enjoying their weekend.
Holidays: Everyone is taking a break.