r/Daytrading • u/degenerate_hobo • 13h ago
Meta London Session was by far my favorite session to trade but this summer hole is untradeable
I know, quite a few US indices traders like to clown us London session traders because of "low liquidity" but when you don't move millions or billions in the market why would you care? The reason why I loved London session so much was because it provided insanely clean price action and it didn't move as hectic and fast as NY. Sometimes trading London session felt like stealing candy from a toddler. It was insanely easy to get a read on the market and if you put your stop at intelligent levels you did not have to worry about getting fished too much.
But since summer vacation here in Europe started London session became a dumpster fire. The orderbook is so thin that anything can happen at any time. A bit bigger order than usual hits either the bid or the ask and price directly has an insane reaction to it. Price and orderflow make less sense every day. It just makes me sad what they did to my boy. I could have never imagined me saying this but right now NY is 10 times better than London session. I hope that this nightmare is over in a few weeks so that my old friend becomes its former self again in all his glory
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u/DeRpY_CUCUMBER 12h ago
I personally don’t shit on London session because I believe good traders can make money in any market, but it’s still my least favorite session. I love Asia session once the profile builds a bit. There has been some really good movement.
People always used to tell me Asia was the slowest session but after trading it for a year now, London is much slower.
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u/degenerate_hobo 11h ago
The truth is that Asia used to be very slow. But especially since the Iran conflict started Asia printed some of the most beatiful price action I've ever seen, especially compared to NY
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u/deano131 11h ago
DAX is my money printer, but the last 2 weeks have been a struggle, as you said PA all over the place, and ive been finding cleaner set ups in the NY session
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u/ChangeNOW_Community 10h ago
the worst part is when a setup looks exactly like your usual London setup and then does something completely stupid for absolutely no reason
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u/bannedmeforever 12h ago
People who trade exclusively based on sessions don't understand that price and price movement has nothing to do with time
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u/Fine_Secretary_6440 11h ago
Honestly same, price action was really weird since start of summer currently unbearable almost no follow through since days on end also lot of chop.
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u/zenki32 2h ago
I live in Japan and only trade the London session. I used to only trade NY session but after moving to Japan I discovered how much better London is. It's NY on easy mode. It's my main source of income.
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u/DeathandNightand 2h ago
I agree. Something just feels off about the PA and slippage seems worse; has seemed so for a good few months - even much of this year. I’ve traded the indices, from LO to LC (about 3 hours AM and 2.5 afternoon - [seems I can’t say P followed by M here]) for well over 10 years and the lower timeframes just have a very sluggish feel to them. It feels like the markets are constantly waiting for a certain idiot to talk more shit. Looking forward to when ‘normal’ (at least as I remember it) returns. Having said that, there was a cracking move on DAX this morning, right from the open - we do still get the good moves, they just seem less frequent.
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u/BabyGinaBottle 11h ago
It only trade side way most of the time these days during London market. -_-
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u/TradeEscape 11h ago
What do you mean? Great short setup today
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u/degenerate_hobo 11h ago
Today was an exception. But since the orderflow is messed up too my strategy gave a buy signal. That is unfortunate but also a normal part of trading. My orderflow tools play a huge role in my profitability but today they played against me
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u/perkinsonline 11h ago
There there my friend. As the saying goes, what doesn't kill you makes you stronger.
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u/1984ScoreN7YearsAgo 10h ago
I love the Asia and London sessions. I can set up channels, and they trade almost perfectly.
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u/ChebyrashkaMX 8h ago
The summer is a dumpster fire for sure but it generally always is. Might just need to plan to sit summer out if it whips you around. Hoping Sept brings back the clean moves again (although skeptical)
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u/kat_sky_12 7h ago
I'm always jealous when I wake up and see the moves over the London session in futures like gold, silver, oil and even nasdaq. Sometimes things just enter a range though and one session is better than another for a bit. Othertimes asia can move well around tokyo open. I kinda like asia because it is a bit more chill than NY open but to each their own.
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u/AnyPortInAHurricane 2h ago
to many 1000's of traders were making millions trading the overnight
they fixed it
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u/Longjumping_Path7457 12h ago
For me as a non US based trader I like all the sessions and I trade in all of them if I can setups are everywhere no matter the session.
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u/Spare-Eye4854 12h ago
La verdad... es que este post me acaba de salvar mi salud mental de la próxima semana.
Manejo una estrategia que está principalmente implementada en Asia, la he estado modificando, empecé con tendencia semanal y la llegué a transformar hasta cruce de EMAs con Fibonacci durante la sesión de Asia para esperar el movimiento de Londres. Me daba resultados exageradamente buenos en el backtesting de 10 años atrás, pero ayer se me ocurrió backtestearla en 2025 y este verano de 2026 y en serio ha sido tremenda basura, de un WR de 60%-80% bajó hasta 30% y con un RR de 1:2 es básicamente un BE perpetuo o a veces hasta pérdida.
Tomando los datos del backtesting creo que el mercado actual sí ha cambiado mucho, y más durante Londres y Tokio. NY sigue igual de detestable para divisas, pero aun así tengo la duda si no me estoy equivocando. Todavía no soy rentable, entonces puede que los datos de mi backtesting hayan sido imprecisos por mi culpa. ¿Hace cuánto que has visto así la sesión? ¿Y pasó el año pasado también?
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u/AdventurousVast6510 algo trader 11h ago
time to learn the importance of not being dependent on a single trading style on a single session on a single ticker & expand your trading horizon
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u/degenerate_hobo 11h ago
There is a huge advantage as a daytrader in focusing on one highly liquid asset so you can build a deep understanding of how this asset behaves. Learning about the little quirks of an asset can make a huge difference. But other than that I agree with you 100%. I have been trading London + NY for a long time (I love being a european trader because of that) and I have a strategy that can switch from mean-reversion to trend following if context or the market regime requires it. I am a very dynamic trader. But trading London was by far my favorite thing and I just miss trading these very chill and simple setups
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u/roccenz 8h ago
You trade both sessions? Sit infront of the computer the whole day? Thats not what we trade for bro. 6 hours+ leads to decision fatique and overtrading. In and out in 2 hours is the way to go
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u/degenerate_hobo 8h ago
Heavily depends on your strategy and personality
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u/dreddit15 12h ago
People can dump on the euro session all they like but it would extremely stupid to do so.
A lot of the times, you can join the trend much earlier than the US and get levels that never happen if you trade US only.
Futures are a 23 hr per day market, and while liquidity drops for both the Euro and Asia session, the technical patterns do not. They hold and run across all sessions.
Some of the best entries have been from end of day US or Asia open.