SuddenFX

How To Trade Frankfurt/London Sessions with greater success

FX:GBPNZD   British Pound/New Zealand Dollar
536 6 17
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This was taught to me for free and I give it to you in hopes that you
will make consistent pips with it.

Does it always work? I will leave it up to you to find out.

The basic idea is that when the daily opens we let the Asian market
run its course until the Frankfurt and London Opens.

As you can see I have marked the Daily Open at 5pm EST.
The Frankfurt Open is 1am EST and the London Open is 2am EST.

We begin by drawing a line on the Daily Open Price.
Then we measure 96bars on m5 or 8 hours of distance into the future.

When the Frankfurt Market opens the idea is to fade the Asian market
trend back to the daily open.

In this case you can see that the Asian Market trend was up. So when
Frankfurt opens we get short and ride it back to the Daily Open.

As you can see there was a pull back to the H8 line (green line)

We then sell this off again until we reach the Daily Open.

Try this out for yourself and see how you do. You don't need to kill it
on the first day.

Chances are that if you are selling GBP/NZD you could also fade
GBP/CAD             and GBP/AUD             as well for additional pips while reducing risk.

Remember to focus on making pips and not making money.

Good luck and many pips to you.

- CharlieMax

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P.S. If you want to code an indicator for it then feel free to PM
me directly so I can know about it to include it in future charts.

P.P.S I trade this on a 5 minute chart but it won't let me post
one as a trading idea. Please make sure to use m5 so you
can see the best times to exit your positions.
SuddenFX is a privately held and managed foreign exchange trading company based in Houston, Texas. We are not a licensed broker. These charts and ideas are for educational purposes and not advice. Disclaimer: http://www.suddenfx.com/disclaimer/
StericForex
a year ago
Thanks again for posting this, I'll be giving a shot!
Reply
FxSaint
a year ago
Hey Charlie, like you idea of countering marketing gurus. Keep it up, I m ready to help anyway possible. Also I will surely spread the word about this. Now about this strategy of your, I have couple of question. 1] Does it work on all pairs / commodities ? 2] When & how will we identify if the price is not going to go to daily open ? In other words when can we book losses (considering no system will be 100% theory) 3] Do we enter immediately at 1.00 am EST at Frankfurt open or we wait for any specific PA, namely pin bar, mother bar, doji or significant bull/bear bar ?
Thanks for your commitment towards keeping retail forex trading world clean & free.
Reply
SuddenFX FxSaint
a year ago
I don't normally fade the Asian market myself but it's a good setup for people to do from a professional stand point. During London open the way to trade this is exactly the opposite. If price is above the daily open then only take long trades away from it. This is where professionals are stacking long orders and why often times price catapults away from the daily open. It does work on every pair but you want to make sure you have confluence with other indications such as trending MAs over sold stochs etc. I find best pairs are GBP and EUR since they have the most volatility.

Reply
G_Man
a year ago
I've noticed something to this effect for some time. I live in London and always afraid of waking up to a position that was stopped out on the early morning spike, often there will be an aggressive spike followed by a bounce back.

Currently trawling through charts, primarily pairs with at least one european currency. Will try to post something back here.

Reply
SuddenFX G_Man
a year ago
I trade mainly EN, EC, EA, EU, GA, GC and GN. I will take trades on other pairs but they don't move enough to keep me strongly interested in trading them. Why trade AU when EA and GA will produce 200 pips for the same amount of time?

Reply
Freeeze
a year ago
Nice one buddy ;)
Reply
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