Trading the Tokyo, London and New York Fix

Mainly 4 Fix :

• Tokyo Fix Strategy
• London 4 PM Fix Strategy
• London Gold Fix Strategy
• New York Fix Strategy

We’ll focus on fading or following the flow, depending on the context!

📊 1. Tokyo Fix Fade (USD/JPY, JPY Crosses)

• Time: 9:55 AM JST (6:25 AM IST)
• Bias: Fade the spike, especially if counter to the overall trend.

Setup:

1. 30-Minute Range: Mark the high/low from 6:00–6:30 AM IST.
2. Fixing Flow: If USD/JPY spikes into the fix, wait for a 5–10 min candle close.
3. Fade Entry: Enter against the move if price fails to break the spike high/low.

Stop: 10 pips beyond the spike.
Target: 30–50 pips or VWAP reversion.

🎯 Example: If USD/JPY spikes up 40 pips into the fix, short it if momentum stalls, targeting a retracement.

📈 2. London 4 PM Fix Rebalance (EUR/USD, GBP/USD, DXY)

• Time: 4:00 PM GMT (9:30 PM IST)
• Bias: Play the momentum or catch the reversal.

Setup:

1. Pre-Fix Move: Watch for a directional push 30 mins before the fix.
2. Volume Surge: If volume spikes and price extends far from VWAP, look for exhaustion.
3. Reversal Entry: Wait for a 5-min candle close against the move to confirm a reversal.

Stop: 10–15 pips outside the extreme.
Target: 25–50 pips or 50% retracement of the fix move.

🎯 Example: If EUR/USD rallies 40 pips into the fix, but the flow dries up, short for a mean reversion.

🟡 3. London Gold Fix (XAU/USD)

• Time: 3:00 PM GMT (8:30 PM IST)
• Bias: Trade the breakout or fade an overextension.

Setup:

1. Pre-Fix Consolidation: If gold coils into a tight range, prep for a breakout.
2. Breakout Entry: Enter on a clean break of range high/low, or fade a false breakout.
3. Volume Confirmation: Use volume spikes to confirm the real move.

Stop: $3–5 beyond the breakout.
Target: $10–15, or let a portion run to the next support/resistance zone.

🎯 Example: If gold coils within $2010–2015, buy a breakout above $2015 with volume, targeting $2025.

🏙 4. New York Fix Momentum Play (USD Pairs, XAU/USD)

• Time: 12:00 PM ET (10:30 PM IST)
• Bias: Follow the dominant momentum.

Setup:

1. Identify the Trend: Use a 1-hour chart to spot the intraday trend.
2. Fixing Flow Push: Enter in the direction of the trend if price surges into the fix.
3. Ride the Flow: Let the trade run with a trailing stop.

Stop: 15–20 pips or $5 in gold.
Target: 2x stop distance, or exit on loss of momentum.

🎯 Example: If USD/CAD is trending down and dumps 20 pips into the fix, short and ride the momentum.

⚡ Execution Checklist:

1. Pre-Fix Prep: Mark key levels, trend direction, and VWAP.
2. Volume & Price Action: Let the fix flow play out for 5–10 minutes.
3. Entry Confirmation: Use a candle close or volume signal to confirm the trade.
4. Risk Management: 0.5–1% risk per trade, depending on setup quality.