Is the London session Anti-trend?

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Old May 8, 2018, 5:18pm   #1
 
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Is the London session Anti-trend?

Hi everyone,

I have recently started trading live for the first time in 3 years (on and off interest in forex), successfully doubling my small account. It's come to my attention that the London session seems to be very anti-trend, and enjoys belittling my positions.
My intraday positions if not already closed tend to turn sour during the London session but return in my favour once London has ended.

Just wanted to know from more experienced traders if I'm imagining this or if there is there some reason for this?
lloydsbank is offline   Reply With Quote
Old May 14, 2018, 5:08am   #2
Joined Apr 2016
I have never traded in London session but never heard that it is anti-trend. For you, it might not be working.
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Old May 14, 2018, 5:21am   #3
Joined May 2012
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Originally Posted by lloydsbank View Post
Hi everyone,

I have recently started trading live for the first time in 3 years (on and off interest in forex), successfully doubling my small account. It's come to my attention that the London session seems to be very anti-trend, and enjoys belittling my positions.
My intraday positions if not already closed tend to turn sour during the London session but return in my favour once London has ended.

Just wanted to know from more experienced traders if I'm imagining this or if there is there some reason for this?
It is your imagination. Having said that, the London session does come with it many tier one data releases which obviously can drive sentiments in a certain direction.
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Old May 14, 2018, 9:47am   #4
NVP
 
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Quote:
Originally Posted by lloydsbank View Post
Hi everyone,

I have recently started trading live for the first time in 3 years (on and off interest in forex), successfully doubling my small account. It's come to my attention that the London session seems to be very anti-trend, and enjoys belittling my positions.
My intraday positions if not already closed tend to turn sour during the London session but return in my favour once London has ended.

Just wanted to know from more experienced traders if I'm imagining this or if there is there some reason for this?
interesting comment ......

so you are stating that in the G8 forex market the london sessions are generally anti trend

based on what timeframe ?
any particular currencies you mean ?

can you be more specific ?

my forex style for the last 20 years is built around around the relative strength of the G8 currencies ........so i am very focused on such patterns and dynamics as each new session opens ...

so for example i would interpret your comment to mean that london sessions are showing the G8 currencies generally moving in the opposite direction to

the preceeding asian session?
the previous days daily trends on the G8 ?

I cant say ive seen it enough to see a bias .....

N
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Old Jun 4, 2018, 7:34pm   #5
 
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Sometime - Yes, London - anti-trend.
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Old Jun 4, 2018, 9:53pm   #6
FXX
Joined Oct 2017
Any session is anti trend. It all depends on sentiment driven by news politics and geopolitics, and more.

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