GxT #4 - The Complete Trading Course | SESSION KILLZONE

Summary

The lesson presents a session-based intraday trading framework using 4-hour candles, price-action profiles, and liquidity concepts. It outlines conditional scenarios for Asia, London, and New York to help determine whether a session is more likely to reverse or continue a move. No specific ticker, asset, or instrument is named; examples use generic price charts.

Core Framework

• Profile previous sessions before trading the current one.
  • If earlier sessions have not reversed, look for a potential reversal in the session being traded.
  • If an earlier session reversed at a key level, look for continuation in the next session.
  • If Asia consolidates without establishing a clear daily high or low, use its range—especially its high or low—as a potential reference for a later reversal.
• Use session-created levels for continuation. After a session breaks out of its range, levels formed during that session—such as gaps, order blocks, or other “key levels”—may provide potential continuation entry areas.
• Confirm reversals and extensions across timeframes. Daily context helps define the likely direction and liquidity target, while 4-hour swing formations help confirm session highs and lows. Hourly or lower-timeframe levels may refine entries.
• Assess the candle’s wick and open. A small wick is treated as evidence that a candle may still extend. A large move away from the open that leaves a large wick is a caution or cancellation signal for trading that candle’s reversal or extension profile.
• Require a target. Continuation trades should have an open liquidity target. The speaker cautions that late-day continuation may fail if the day’s range has already been exhausted.

Session Timing and Setups

The speaker treats each 4-hour candle as a session segment, with six 4-hour candles in a day. The time references below are as stated in the subtitles; no timezone is specified.

Asia

The lesson discusses 4-hour candles opening at 6:00 p.m. and 10:00 p.m.

• A reversal in one candle may set up continuation in the next—for example, a 6:00 p.m. reversal followed by a 10:00 p.m. extension.
• Avoid some Asian reversals when the relevant candle leaves a large wick; the speaker suggests waiting for continuation in the next session instead.
• A daily open near a refined key level is presented as a possible setup for an Asian reversal.

London

The main London window is described as the 2:00–6:00 a.m. 4-hour candle. The speaker emphasizes the 2:00, 3:00, and 4:00 a.m. candles and says the 5:00–6:00 a.m. period is less important.

• If Asia establishes the daily low, London may continue the move.
• If earlier sessions have not reversed, London may present a reversal opportunity, provided the candle’s wick is not too large.

New York Morning

The lesson discusses 4-hour candles beginning at 6:00 a.m. and 10:00 a.m.

• A reversal around 2:00 followed by a 6:00 a.m. extension is given as a continuation pattern.
• If the 6:00 a.m. candle has a large wick, the speaker suggests considering the 10:00 a.m. candle instead of trading that reversal.
• The 8:00–9:00 a.m. period is highlighted because of 8:30 a.m. economic news releases and the 9:30 a.m. stock-market open. The speaker recommends positioning around periods of higher volatility and says New York morning traders should generally stop trading around 12:00.

New York Afternoon

The 2:00 p.m. candle is treated as a separate session.

• Continuation requires an unfilled or open liquidity target, since the day’s range may already be largely complete.
• A reversal back into the daily range may be favored after a large earlier expansion, a move to a key level, or several same-direction session extensions.
• The speaker cautions against pursuing continuation when the day may have exhausted its range.

Broader Trade-Planning Concepts

• IRL and ERL: The lesson uses internal range liquidity (IRL) and external range liquidity (ERL) to frame targets. Examples include trading from an external level back into a prior or current range, or from internal liquidity toward an external target.
• Fair value gaps (FVGs): Gaps are repeatedly used as refined key levels or targets. The speaker also describes targeting gaps within a prior 4-hour candle on countertrend moves.
• SMT divergence: This is mentioned as a supporting signal alongside swing highs, swing lows, and liquidity levels. The subtitles do not provide a detailed definition.
• Manipulation ranges: The speaker applies these on daily, 4-hour, and hourly charts. A range high or low may be swept or manipulated before a reversal forms the day’s high or low and price moves toward an opposite range boundary or liquidity target.
• C2/C3 terminology: These candle labels describe reversal and extension or continuation patterns, but the subtitles do not define the notation consistently. In general, the approach is to look for a reversal candle or swing confirmation—often described as C2—followed by an extension or continuation, often described as C3.

Cautions and Disclosures

• Large wicks and substantial moves away from the candle open are reasons to avoid or cancel a setup, or to wait for a later session.
• Do not assume a late-day extension will continue without an open liquidity target; the daily average range (ADR) may already have been used up.
• The video provides no explicit “not financial advice” disclaimer in the supplied subtitles.

Presenters/source: An unnamed instructor presenting the GxT course lesson. Source/channel: IFT.