How to use Asia zones to trade

Summary

In this video, the speaker emphasizes the critical role of timing in Forex trading, particularly focusing on the Asian, London, and New York sessions. They illustrate the importance of understanding these sessions by analyzing price action in the GBP/AUD and GBP/JPY pairs, demonstrating how traders can capitalize on the Asian session's high and low zones to predict market movements. The speaker provides practical examples from recent weeks, highlighting the potential for profitable trades based on these zones, and encourages viewers to consider session timing as a key component of their trading strategy.

Takeaways

• 📊 Timing is crucial for successful Forex trading, with session times being a key factor in market movement.
• 🌏 There are three main trading sessions to consider: Asia, London, and New York, each with its own impact on the market.
• 📉 The speaker does not trade during the Asia session due to personal timing preferences and perceived volume concerns.
• 📈 Entry points for trading are often found during the London or US sessions, especially for pairs like GBP/AUD (GA) and GBP/JPY (GJ).
• 💹 Asia session's price action can provide significant insights into the market's direction for the rest of the day.
• 📍 The importance of identifying 'Asia Zones'—specific price areas that the market bounces off of during other sessions.
• 📉 The speaker illustrates how the market can bounce between Asia high and low zones, providing trading opportunities.
• 📈 Demonstrated the potential for profit through the analysis of price action around the Asia high and low zones, with examples of 50 to 100+ pip movements.
• 🔄 The concept of 'break and retest' is highlighted as a common pattern where price breaks a level and then retests it before moving significantly in the opposite direction.
• ⏰ The speaker emphasizes the importance of focusing on the most recent Asia session's zones for current trading decisions.
• 🛑 Awareness of higher time frames and other zones from different sessions is necessary for a comprehensive trading strategy, not just Asia zones.

Q & A

What is the main focus of the speaker's discussion in the video?

The main focus of the speaker's discussion is the importance of timing and session awareness in Forex trading, particularly the significance of Asia session zones.

Why does the speaker emphasize the importance of timing in Forex trading?

The speaker emphasizes the importance of timing because it is a critical factor for successful Forex trading, and it is not discussed enough, especially in online resources.

Which trading sessions does the speaker mention in the video?

The speaker mentions the Asia, London, and New York trading sessions.

Why does the speaker highlight the Asia session as particularly important?

The speaker highlights the Asia session as particularly important because it sets the tone for the rest of the day's market movements and provides valuable information about market direction.

What does the speaker mean by 'Asia High' and 'Asia Low' zones?

The 'Asia High' and 'Asia Low' zones refer to specific price levels during the Asia session that the market tends to bounce off of or reject, indicating potential trading opportunities.

How does the speaker suggest traders should approach the Asia session?

The speaker suggests traders should use the Asia session to identify key support and resistance levels, known as 'Asia High' and 'Asia Low' zones, and watch for price reactions to these levels during subsequent sessions.

What trading strategy is the speaker demonstrating with the current GBP/JPY (GA) price action?

The speaker is demonstrating a strategy of identifying and trading off of the 'Asia High' and 'Asia Low' zones, looking for price rejections and bounces from these levels during the London and US sessions.

What is the speaker's view on the volume during the Asia session?

The speaker believes that the volume during the Asia session is not consistently high enough for their trading style, which is why they do not trade during this session despite its importance.

How does the speaker analyze the price action for potential trades?

The speaker analyzes the price action by looking at the creation of 'Asia High' and 'Asia Low' zones, observing how the price reacts to these zones during subsequent sessions, and identifying potential entry and exit points.

What additional factors should traders consider when using the 'Asia High' and 'Asia Low' zones for trading?

Traders should also consider higher time frame analysis, other session zones, rejection candles, and overall market conditions to make informed trading decisions.

What does the speaker offer in terms of educational resources for traders interested in this approach?

The speaker offers courses that cover this approach in more detail, available for a promotional price of 99 pounds, and mentions upcoming YouTube videos that will further explain the concepts.