Only a simple breakout procedure.


Wallpaper:
I look at asia session as a Great time to set up breakout commerce for
Europe/Asia overlap session along with Europe session.

I trade GBP/USD and USD/CHF for better volatility.

From data here is the trading range of GBP/USD between 2002 to 2004. Of course this is a rough figure.
Europe/Asia overlap: 43 pips (EST 2am to EST 4 am)
Europe session: 112 pips (EST 2am to - noon)
U.S/Europe overlap session: 78 pips (EST 8am to EST noon)

From data here is the trading range of USD/CHF between 2002 to 2004. Of course this is a rough figure.
Europe/Asia overlap: 43 pips (EST 2am to EST 4 am)
Europe session: 117 pips (EST 2am to - noon)
U.S/Europe overlap session: 88 pips (EST 8am to EST noon)

Strategy:

GBP/USD, USD/CHF
Taking High and Low from EST 7pm to EST 4am.
Entry
Long: High 13 pips
Cease loss: -40 pips (upgrade 23-Dec-05: No monitoring stop, but proceed SL to break even stage after 40 pips gain )
Long Exit: Top 120 pips (upgrade 04-Jan-06: increase TP )

All trades are shut at EST 12 noon.

Same rules for short transaction.