Xi Asian Session Indicator

Xi Asian Session Indicator

Xi Asian Session indicator is an ideal tool for trading the ranging market during the Asian sessions.

For starters, the forex market has three main trading sessions: Northern American, European, and Asian sessions. The New York and North America sessions are relatively more volatile than the Asian (Tokyo) and Sydney sessions. The Asian market tends to consolidate, creating a ranging market.

One of the most profitable strategies is trading breakout from this range to catch the massive price movement during the London and New York sessions. This is where the Xi Asian Session indicator comes in handy. It highlights the Asian session, enabling you to profit from range trading.

The indicator is suitable for both experienced and beginner traders. You can also use the indicator to trade any currency pair. However, the indicator works best on the one-hour time frame. This means it works best for day traders.

Xi Asian Session Buy and Sell Signals
The indicator does not necessarily provide direct buy and sell signals. Instead, it points out the Asian sessions on the price chart. The indicator draws the session starting point boundary at 00:00 hours and the closing line at 07:00 hours. This makes it easy to identify the Asian session, monitor the price behaviors within the period, and strategize accordingly.

Candlestick Breakout Strategy
This strategy involves opening an order after a candlestick closes outside the price range. For long positions, buy at the bullish candle close outside the range.

For selling orders, wait for the bearish candle to form outside the range and open a trade at the close of the candle.

The Retouching Method
This strategy involves waiting for the market to consolidate and break out. Then let the market come back to the ranging phase.

To open a buy order, wait for the price to breakout from the range to the upside, come back and re-touch the range. Enter a long position when the market posts a buy bullish trade signal for example a pin bar. The same case applied for sell trades.

Xi Asian Session Real Chart Example

The chart shows the price movement for Great Britain against the US dollar in a one-hour time frame. The price consolidates, as shown by the red arrows. The green line shows the open and closing, of the Asian session.

The price leaves the Asian sessions consolidation phase, goes up, and retouches the range. After retouching, the price proliferates to new highs. In this example, a trader who opened a long position after the retouches reaped massive profits.

Conclusion
The Xi Asian session indicator is an ideal tool for range traders. It clearly shows the start and end of the Asian session, including the range threshold. This enables traders well versed with range trading to anticipate price movement during the highly volatile London session and New York. The Xi Asian Session indicator works best when used with other trading tools and strategies.