New York Open Kill Zone (ICT concept) 3 of 4
Times are from 7 am to 9 am New York Times/EST
1) You see a lot of both liquidity and volume with overlapping sessions of both London & New York
2) Better to use only majors or pairs with USD in them, like: EU, AU, UJ, GU, UC & NU
3) Nothing happens always in Forex, but one or more of the noted pairs above will have a setup to trade during this time, to give you 20-30 pips.
4) New York Open Kill Zone will do either two things during the session: Either be a continuation from London and go same way and/or be a reversal
in direction and make a low for the day.
5) During this NYOKZ- a lot of economic news releases happen which will either pump or dump a USD pair, so be cautious around news times.
6) Noted on chart is EU 15 mn chart, which you could have set up a 12 to 20 pip sell trade or scalp during this time period.
7) Look at bigger picture then noted 15 mn chart, higher TFs give you marco perspective so you do not get tunnel vision when trading on 15mn or 5mn Tfs.
You need to be able to read structure, price action, support and resistance areas, round numbers- Always remember time and price of day.
Stay safe, wish you best in Forex & Life.
Always on every trade control Risk and Reward by using only 1% to 2% of your account maximum per trade- related to a sound strategy and/or plan.
Times are from 7 am to 9 am New York Times/EST
1) You see a lot of both liquidity and volume with overlapping sessions of both London & New York
2) Better to use only majors or pairs with USD in them, like: EU, AU, UJ, GU, UC & NU
3) Nothing happens always in Forex, but one or more of the noted pairs above will have a setup to trade during this time, to give you 20-30 pips.
4) New York Open Kill Zone will do either two things during the session: Either be a continuation from London and go same way and/or be a reversal
in direction and make a low for the day.
5) During this NYOKZ- a lot of economic news releases happen which will either pump or dump a USD pair, so be cautious around news times.
6) Noted on chart is EU 15 mn chart, which you could have set up a 12 to 20 pip sell trade or scalp during this time period.
7) Look at bigger picture then noted 15 mn chart, higher TFs give you marco perspective so you do not get tunnel vision when trading on 15mn or 5mn Tfs.
You need to be able to read structure, price action, support and resistance areas, round numbers- Always remember time and price of day.
Stay safe, wish you best in Forex & Life.
Always on every trade control Risk and Reward by using only 1% to 2% of your account maximum per trade- related to a sound strategy and/or plan.
