10. Master Class [4] - New York Session

Question 1

What is the cause and effect of a price rise?

Answer 1

Red vector candles are the cause, prices rising on the other side of it are the effect

Question 2

The more aggressive the move to the upside or downside, what are they doing?

Answer 2

Releasing liquidity and setting traders up - it will bounce back

Question 3

New York session instigates and marks what?

Answer 3

The psychological highs and lows between sessions

Question 4

When NY marks price up, what does it say to Asia?

Answer 4

They have their liquidity at the highs - so Asia can add to the liquidity or just take it straight down

Question 5

If Asia takes prices higher, what can you look for?

Answer 5

A retrace back down to the NY session high

Question 6

What gives the future sessions ability to retrace?

Answer 6

The liquidity that has been built in the previous big moves (orders do also get filled during other sessions)

Question 7

It’sa important to check what part of the NY session?

Answer 7

The half-way point (when the UK closes, the US gets free roam)

Question 8

Why does the US session dictate more?

Answer 8

Because it provides the biggest flow of liquidity

Question 9

What happens in the NY session to set up the high and low?

Answer 9

Two reversals

Question 10

When predicting where price is going to move to, so you can set up your trade, what clues do you look for?

Answer 10

Look left, where are the previous zones

Also look at TDI for divergence

Question 11

The Asian session marks price up or down, why?

Answer 11

Because they don’t have access to the UK/US sessions, which when they’re open provide the most liquidity at any point the markets are open