If you’re trading this system on intraday charts (e.g. 5-min, 15-min, …) then only trade the London and US sessions.
This is especially true if you are trading currencies that do not have JPY, AUD or NZD in them.
On the charts we have just seen you will have noticed there was an indicator at the bottom. This indicator tells you what session we are currently in (whether it’s London, US, Australian or Asian).
Throughout this manual we will focus on the London and US sessions; these are blue and red respectively on the indicator.
Note: The time settings on the indicator are not automatic and must be set according to your broker time.
As with the other ‘Part B’ rules, once you have gained confidence trading the system, try it – until then, stick to ‘Part A’ so that you have a greater chance of success.
You can trade the lower timeframes at any time. BUT, there are less “momentum moves” (i.e. moves that keep on going) in the sessions out with London and the US, than at other times – so you feel like you get “chopped” around more.