This London Session Strategy Is Stupid Simple — Transcript
Full transcript
- 0:00There's one candle that can predict
- 0:01exactly where price is going next, and
- 0:03most traders have no clue what to look
- 0:05for. Step one, wait for the London
- 0:07session to open.
- 0:08>> Okay.
- 0:09>> Step two, switch to the one-hour time
- 0:10frame. When the market opens, it will
- 0:12form a new one-hour candle. Mark the
- 0:14high and low of that opening candle.
- 0:16Step three, watch for a liquidity grab
- 0:18in either direction. In this example,
- 0:20price grabbed liquidity to the downside.
- 0:23You want to see the wick break the
- 0:24range, but the candle's body must close
- 0:26back inside.
- 0:27>> Okay, that makes sense.
- 0:28>> Step four, once that happens, you've got
- 0:30a high probability bias. Price is likely
- 0:32to hunt the liquidity at the opposite
- 0:34end, targeting the high of the opening
- 0:36candle. Step five, drop to a smaller
- 0:39time frame to find two
- 0:40>> FVG
- 0:41>> Here, we spotted a bullish fair value
- 0:43gap. Wait for price to return to that
- 0:45gap. Enter the trade, set your take
- 0:47profit at the high of the one-hour
- 0:48candle, and place your stop loss just
- 0:51below
- 0:51>> Okay, that makes a lot of sense. This is
- 0:52actually a really simple setup that we
- 0:54can easily build an indicator around.
- 0:56But obviously, the first thing that
- 0:56jumps out is London open and the
- 0:58one-hour. So, this is more than likely
- 1:00trading for gold. You could probably
- 1:02trade on futures, but probably gold or
- 1:03some type of currency pair. So, look at
- 1:05this indicator that we built. As you can
- 1:07see here, all it does is it plots the
- 1:09first hour high and low. Then when it
- 1:10detects a candle closing inside after a
- 1:12break of that higher low for the next
- 1:14hour, it plots a signal here. So, we're
- 1:16here on a one-minute time frame. You can
- 1:17see we have that first hour plotted in
- 1:19this shade. Second hour signals a bear
- 1:22cuz it closed back inside that high. If
- 1:24I go to the settings, I actually enable
- 1:26show fair value gaps. It has a
- 1:27volatility filter if I wanted to change
- 1:29that. So, what I'm really looking for is
- 1:30just that bear or bull signal and then
- 1:32following suit with the FVG as well.
- 1:34We'd be looking for a bearish FVG and
- 1:36then taking the trade off of that,
- 1:38targeting the opposite end depending if
- 1:40we're bullish or bearish. I actually
- 1:41built this entire indicator using an AI
- 1:43called Lux Algo Quant. And it's actually
- 1:45better than Claude Code or ChatGPT or
- 1:47Gemini because it's specifically built
- 1:49on Pine Script. As you can see here, I
- 1:51just went back and I provided
- 1:53screenshots of the video, explained each
- 1:56setup, and then a few other tweaks, and
- 1:58we had a fully functioning indicator
- 1:59that I can use on my TradingView chart.
- 2:01And the other asset I've seen that moves
- 2:03really well with this strategy is
- 2:04actually the Euro USD, because obviously
- 2:06a lot of volume kicks in for the London
- 2:08open. But you can see here, a bull
- 2:10signal occurred. You have this FVG here.
- 2:12You could have your stop below, and
- 2:14obviously you target the high of that
- 2:15first hour, and you can see that it
- 2:17plays out very nicely. You could trade
- 2:19this on the 1-minute or the 5-minute.
- 2:21You can literally have signals on both
- 2:22of them. I wouldn't really go any lower
- 2:24than that, but as you can see, same
- 2:26situation, FVG, stop at the higher above
- 2:29the FVG, target the opposite low or
- 2:32high, and then just let it play, and a
- 2:34beautiful target hit as well. Like
- 2:36always, I'm going to give you the source
- 2:37code of this indicator completely free.
- 2:39Just comment the word London, and I'll
- 2:41send you the link. When you get that
- 2:42link, make sure you copy it into your
- 2:44external browser, and it's going to show
- 2:45up in a chat like this with a chart at
- 2:47the top of the screen. Just click code
- 2:49view, and then there's the source code
- 2:51for you to use on TradingView.
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