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Forum Market Sessions Reply To: Market Sessions

Alex

LEVEL 10 : SENIOR

REVIEWS 9 | REPLIES 84

#2066

Alex

September 15, 2015 at 8:20 pm

Hi Trent

My answer would be YES and NO. Let me explain why:
Yes, because the market usually breaks out of the overnight trading range during the London session. This can give you good opportunities to trade a breakout kind of trade.

No, because there is normally a fake breakout of some sorts. The chances of getting burned trading breakouts at this time can be quite high sometimes.This is why I first make sure what direction the market is moving before taking pullbacks in that direction.

Let us know how you liked trading the London session when you do so.