European open forex strategy

As the strategy looks for low volatility moves that lack momentum, trade any currency which sees its major financial hub sitting outside of Asia.

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The major Forex currency pairs featuring European and North American currencies are perfect examples. To find master candles, use a H1 chart and use the trend line tool to mark the high and low points of the candles. After a master candle has been identified, zoom into an M15 chart and wait for price to reach the upper or lower range of the master candle. With this, comes a trading opportunity and if you can time your trades right, you can take advantage of the biggest moves of the day.

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• The London Session.
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• The Asian Session;

Our London open Forex strategy puts a twist on one of the most popular strategies used by traders. Remember above when we were fading Asian session master candles because the momentum isn't there for the market to break out? Well when the London session ticks over, breakouts are on the cards and our London open trading strategy aims to ride momentum and lock in a large chunk of this initial move. This means you want pairs that are going to be the most active during the London session, such as European currencies and their volatile currency cross variants.

It requires you to mark the Asian session range, so find the best intraday timeframe below the D1 chart that works for you. You could use the H1 to clearly mark the Asian session range and then an M15 chart for entries and trade management. A long signal would be triggered when price breaks above the Asian session range and retest previous resistance as support.

A short signal would be triggered when price breaks below the Asian session range and retests previous support as resistance.

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While the London open is the most important part of the day, the entire New York session is more of a slow-burn. This is a popular indicator created by John Bollinger, consisting of upper, medium and lower lines which expand and contract according to market volatility. You can rely on this indicator to signal how much momentum is behind a move and use it to trade New York session breakouts.

At the end of the day the market flows can be highly unpredictable, use some of the more stable currency pairs for our New York breakout strategy.

When it comes to Forex currency pairs, stability comes from liquidity and the most liquid pairs are the majors. For the Bollinger Bands to be effective within a single session, they have to be viewed on an M5 timeframe. Good timing is needed to take full advantage of this simple strategy. Enter too early and the range could hold and trigger a reversal. Enter too late and risk escalates because the position will execute well above new support or well below new resistance. The pair will often rise or fall into a significant barrier and then go to sleep, printing narrow range price bars that lower volatility and raise apathy levels.

Coincidentally, this quiet interface often marks a powerful entry signal for a breakout or breakdown. This strategy enters the position within the narrow range pattern, with a tight stop in place in case of a major reversal. This setup often prints an NR7 bar, which marks the narrowest range price bar of the last seven bars. Originally observed in the U.

New and experienced Euro traders can execute these three simple but effective strategies that take advantage of repeating price action. Leveraged and inverse ETFs can also be traded if you have the skills needed to manage the additional risk. ProShares Ultra Euro ULE offers double long side exposure, but it is thinly traded, at just 24, shares per day on average.

4. Day trading strategy

ProShares UltraShort Euro EUO offers equal leverage to short sellers and greater liquidity, trading more than , shares per day on average. Day Trading.

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Buy or Sell the Pullback. Enter Narrow Range Patterns.