Trade Forex Trading

Setting A XAUUSD Schedule and a Written Example

XAUUSD operates within a market structure that is inherently global. This worldwide nature affords market accessibility around the clock, seven days a week. Consequently, traders benefit from substantial latitude in selecting optimal times for trade execution. Nevertheless, not every available time slot is equally conducive to placing profitable transactions.

Traders should devise a trading timetable centered around the hours when XAUUSD activity is highest, as these are optimally positioned for profit maximization.

USA and London sessions are the most active times. These 3 marketmarket sessions make up the largest volumes of trade transactions from across the world/globe on a daily basis, although Asia is one of these 3 sessions its best not to trade this given session.

There are also overlaps in the between the 3 marketmarket sessions, where 2 sessions are open at the same time, these overlaps are the most active periods. These overlaps provide a good opportunity to trade and transact in multiple markets at once and maximize your potential profits.

The best market overlap happens when the US and London sessions are both open. That's when XAUUSD is busiest, and you'll find the most trading opportunities.

Asia market session is the least active of the three major sessions. All xauusd move slowly or consolidate at a single point throughout the session. This is not a good time to be trading in the market - this is the best moment to take a break.

Trading runs around the clock, day and night. No one can watch forever. Set a smart schedule. Know the hours to pick the best times for bigger profits.

When setting up a schedule, it should accomplish the following goals:

1. Familiarize yourself with the various sessions. These are: New York session, the London market session, the Tokyo session.

London Market Session - 3 A.M. - 12 P.M. EST ( 8:00 GMT to 1700 GMT. )

New York Session - 8 A.M. - 5 P.M. EST (1300 GMT to 2200 GMT.)

Tokyo Session - 7 P.M. - 4 A.M. EST (00:00 GMT to 9:00 GMT.)

2. Trade during this time when xauusd are most active.

3. Plan a workable schedule. So as to keep a balance between your time & the time to get adequate and enough rest. Best time is between 3 a.m. To 5 p.m. EST

XAU USD Schedule - How Do I Write XAUUSD Schedule? - Writing a Schedule Example

When the USAUS and UK sessions are both open, prices will in general trend up/down and move a good number of pips in one direction. As a trading analyst, this time the technical indicators will provide good and profitable signals that catch the trend.

When prices are trending and moving fast online traders will find it much easier to make money.

At other times, like during the Asia session, prices move within a limited range, and traders using indicators may struggle to profit because the indicators often give false signals. It can be hard to make money when prices are moving within a limited range.

It is 10 times easier to make money when the market is moving up or moving down than it is to make money when it is ranging.

Trading prices tend to move in one direction during the best times to trade, like 800 GMT and 1800 GMT, but they tend to fluctuate during other times, like the Asia Session.

  • London market session 08:00 GMT -16:00 GMT.
  • US market session 13:00 GMT - 22:00 GMT.
  • Asian session is a relatively slow for all xauusd and not suitable at all.

Essentially, your plan should focus on 800 GMT and 1800 GMT as the specific times for trading instruments.

Example of a Written Schedule on a Trading Plan

The example shown below demonstrates how to establish your routine and the specific times of day to monitor the market. This will lay the groundwork for your market trading timetable. The time frame you choose will largely depend on your trading style. The example time frame is set during the day when both the UK and US sessions are active, as illustrated in the trading example below.

Gold Schedule - Example of Written Schedule - How to Write Down a Schedule

Written Schedule - XAUUSD Plan Sections

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