London Kill Zone (ICT concept) 2 of 4 (2am to 5am NY time)
This happens at start of London session, 1st three hours of session
1) Look at all EUR and GBP pairs, from daily down to trading charts 15mn (noted on attached chart) and/or 5mn charts for entry
3) Look for set ups related to fib ret 50%-61.8%, trend continuations, trend reversals
4) Look for imbalances in price action, support and resistance, round numbers (ones with alot of zeros, like 139.00 or quarter numbers< you can You Tube.
5) Look for price action before this possible trading area in London kill zone, what happened previous? last couple days or this week?
6) Do you have a buy or sell daily bias? If you do, which you should have- then only take trades in that direction today. It is easier.
7) London kill zone has a lot of liquidity and volume- so with right pair and set up you should expect 25-50 pips + in profit
8) Always on all trades control your RISKS, but adjusting lot sizes on each pair you trade to 1% to 2% of your total account balance. Be smart.
Trade wisely, control all you can by only trading during best times during each session- you do not need to spend all day on computer trading Forex.
If you think Forex will give you time freedom to do what you want to do in life- then be serious & focused to make trading a lifelong journey.
Wish you best, stay safe
This happens at start of London session, 1st three hours of session
1) Look at all EUR and GBP pairs, from daily down to trading charts 15mn (noted on attached chart) and/or 5mn charts for entry
3) Look for set ups related to fib ret 50%-61.8%, trend continuations, trend reversals
4) Look for imbalances in price action, support and resistance, round numbers (ones with alot of zeros, like 139.00 or quarter numbers< you can You Tube.
5) Look for price action before this possible trading area in London kill zone, what happened previous? last couple days or this week?
6) Do you have a buy or sell daily bias? If you do, which you should have- then only take trades in that direction today. It is easier.
7) London kill zone has a lot of liquidity and volume- so with right pair and set up you should expect 25-50 pips + in profit
8) Always on all trades control your RISKS, but adjusting lot sizes on each pair you trade to 1% to 2% of your total account balance. Be smart.
Trade wisely, control all you can by only trading during best times during each session- you do not need to spend all day on computer trading Forex.
If you think Forex will give you time freedom to do what you want to do in life- then be serious & focused to make trading a lifelong journey.
Wish you best, stay safe
