It is quite obvious that your trading actions must be adapted to the session when you trade. Today, we will discover the secrets of trading during the Asian trading hours. We recommend you to implement it around the start of the Tokyo trading session (00:00 GMT time). Let’s consider the strategy for making money while Europe and America sleep.
Step one – Consider the moves of AUD/JPY
As the volatility during the Asian trading hours is low, we recommend you to choose the AUD/JPY pair. This is one of the most volatile pairs during the Asian trading session. However, you may choose other currency pairs, such as AUD/NZD or NZD/JPY. Before 00:00 GMT, the volatility in the market is usually pretty low. It happens because only the American traders are active between 12:00 GMT and 21:00 GMT. After 21:00 GMT, the Australian traders enter the market, but the volatility is still low.
On the M5 chart, you need to wait for a consolidation period between 22:00 GMT and 00:00 GMT. If the price is trending, do not consider this strategy.