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Originally Posted by et_phonehome_2
Can anyone recommend good systems or strategies they use to trade the dull Asian session? It seems that most systems will talk of the Asian session, but any trades would actually be done when the European session starts since that is when one will actually start seeing moves [Asian/European session overlap]. Unfortunately, I am in the timezone when I must go to sleep....
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Hi
The times to look out for are the TOKYO Open 7.00ET and the HONG KONG Open 9.00ET, I have found good moves around the HK Open anything from 10 to 60pips trading the EURO or JPY, the HONG KONG SINGAPORE Open often has a Reversal of the TOKYO trend set 2hours previous but on occasion can also provide a good extra boost of a continuation of the trend set after the TOKYO Open, I have traded this successfully using 2 x RSI one set to 9 CLOSE and the other to 18 OPEN the cross of the 2 RSI's gives a good signal especially if above 70 or below 30 - the point i am making is this is a good time to be watching for a move.
cja