Phases I - Daily Rhythm
Right, so daily rhythm is as followed.
Theory
During Asia session, often enough we see that it starts with a consolidation. This somewhat dead range in the market.
What we see often enough, especially after NY midnight, is the liquidity fuel that gets accumulated in opposing to the anticipated direction of that day. This happens often enough during the start of London session/open.
That accumulation of liquidity sets the London Low/high of the day and sets off from there.
Price usually consolidates between the 5;00 AM to 8;00 AM NY time, where we will then see the retracement going into the 8;00 - 8;30 AM during NY open. From here we have the direction we see with the knowledge we saw from London.
That's the beauty of the London session, it gives us good insightful information that we can use during New York.
London close gives us another lift off of volume, another chance where displacements occur in the order books, as Europe is closing their books around that time for intra-day positioning.
Then from there we usually see the market consolidate and head into dead time once again.
It’s a lot of theory, but I want you to start recognizing patterns within these daily cycles until it becomes second nature. This will help you understand when the markets are in sync or out of sync.