Friday Asian Range

"Whenever we're trading on Mondays... the Asian range that you would determine on Monday's data, in my school of thought we do not consider that. And the reason why is the algorithm is actually going to look at Friday's Asian range."

"There is something about the Asian range that you need to be aware of."

"The Asian range we can classify that as 7 PM to midnight New York time."

"The Asian range on Mondays is skewed. We don't use it for any purposes like this. We have to revert to the previous week's range."

"We always referred to it when we talk about Mondays and or the Asian range on Mondays, we refer to Friday's Asian range."

"I'm using the candles wicks and tails to illustrate how the classic view of the Asian range is interpreted."

"I do not always use the wicks and tails. I like to use the bodies of the candles especially if they're very clear and discernible."

"I like to look at the highest body and the lowest body and that can either be the open or the closed whichever is the highest and lowest in difference to the range of the Asian range."

"With that idea we can take the Asian range that's on the previous week's Friday and utilize that to get projections on how far the market can build up into a specific level of resistance."

"We have all of the Asian ranges stacked on top of one another and you can see it goes right to the top of that high end of the breaker that we used as our initial narrative."

"Get that measurement, you project that up until it overlaps with another key level."

"We would use the Asian range in a bear scenario, we would project the Asian range lower to get potential overlapping with a key level like I've outlined here with the bearish breaker."

"But it has to overlap with some other narrative and that narrative would be these two levels up here being that bearish breaker."

"The key level is that bearish breaker. It trades up into it here... look at the precision pokes. It's beautiful. The top of the breaker comes in at 1.18682 and it was only off by half a pip because the high here comes in at 1.18687. So that's five pip-ettes or one half of one pip."

"We go in looking for things that line up to build evidence to structure a trade around a narrative that we anticipate. We're not guessing. We're not trying to catch up. We're not surprised. We're looking for things that are very systematic and the overlap to confirm a narrative."

"If we're bullish on the start of the week... Euro should trade higher. It doesn't mean it will absolutely do so. It just means that we go in looking for things that line up to build evidence to structure a trade around a narrative that we anticipate."

"Now my question to you is if the markets were not algorithmic and programmed to run to predetermined logical levels, then how on earth are these levels being so precise? And why does it matter with these ranges here? Because it's not random."

"If you do this and you study this over a year... go back through and study when the market was bullish and bearish and you'll have the context."

"In your journals you want to make a notation that on Mondays we do not refer to Asian range. It's not important, it's not crucial, it's not required to find precision. You use the previous Friday."