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And now for our overnight session traders,
I fall into this bucket personally as
well, but this is for any trader that
trades either the Asian, the London, the
German, or the Australian sessions.
Basically any time between 6 p.m. Eastern
Time and 9.30 a.m. Eastern Time, the open
of the next day, you fall into this
category. So the following profile levels
should be on your chart before you sit
down to trade, and that is your previous
day's regular trading hours levels, your
previous overnight session value levels,
and the previous week value levels. Now
unlike our New York session counterparts,
say if you're trading the London session,
you don't have to wait 30 minutes for the
London volume to develop. It's only best
to wait 30 minutes after 6 p.m. for that
initial overnight open volume to develop.
And from that point forward, you can
reference that developing profile from 6 p
.m. all the way through to 9.30 a.m. of
the regular New York open. So for me, for
example, I'm normally trading around that
6 p.m., 7 p.m. mark. So I wait about 30
minutes until 6.30 to allow that overnight
opening range to be put in before
beginning my trade session. However, if
you were to trade, for example, the London
session, which is at 3 a.m. Eastern Time,
you don't need to wait till 3.30. You can
begin trading at 3 a.m. being as there's
already been decent volume levels put in
from the developing profile from 6 p.m. if
that makes sense. We'll include a resource
sheet, a checklist attached to the bottom
of this module, which you can download and
reference before the start of each of your
session. And this is how you should
approach the market every day as an
overnight session trader.
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