Pretty Profitable · Cohort VII · Day 9

London X & New York X

One idea, two sessions. The X concept reads the previous session's range to hand you a bias, and London X and New York X are just that idea applied at the London and New York opens.

The whole thing in a breath

Supply and demand tells you where to trade. The X concept tells you which direction. Mark the last session's range, watch which side price breaks, flip the bias, and trade the reversal back to the other side.

Not financial advice

Educational material only. Trading futures involves substantial risk of loss. Every number here is an example to teach the mechanics, not a promise of results.

What is inside
  1. Part One · The X Concept
  2. What it is, and the core idea
  3. Why the bias flips
  4. The two scenarios
  5. The six mechanics
  6. Part Two · London X
  7. Asian range, London bias
  8. Part Three · New York X
  9. London range, New York bias
  10. Same concept, different sessions
Part One

The X Concept

A bias framework. It tells you whether to hunt buys or sells, based on what price did to the previous session's range.

1

What It Is, and the Core Idea

The X concept tells you whether to look for buys or sells in a session, based on what price did to the previous session's range. Once your bias is locked, you only take trades in that direction, which filters out half the noise on your chart.

Every session has a high and a low, and together they form a range. When the next session opens, the very first thing you watch is which side of that range price breaks. The break tells you the direction.

The rule that runs everything

Price breaks above the previous high, bias is bearish. Price breaks below the previous low, bias is bullish. Yes, it is backwards from what it sounds like. That is the whole point.
Each range frames the next sessionASIAN · 7pm to 3am ETLONDON · 3am to 9am ETNEW YORK · 9am to 5pm ETLondon X reads the Asian rangeNew York X reads the London range

The sessions run in a chain, one after another with no overlap. Each one uses the session before it as its map, which is exactly what London X and New York X do. We trade these clean windows and leave the overlap alone.

2

Why the Bias Flips

A break above the high sounds bullish, but it is a liquidity sweep. Price stretches up to grab the stops sitting above the range, and then it is ready to reverse. That reversal is the trade.

Range highs and lows are exactly where stops cluster. Buyers who bought inside the range keep stops below the low. Sellers keep stops above the high. Big players know this, and they push price through those levels to trigger all those stops, which gives them the orders they need to fill in the opposite direction. Then price turns.

range HIGHrange LOW50% (TP1)buy-stops and breakout buyers rest just above the highsell-stops rest just below the lowprice pokes up, grabs the stops, then reverses down

The break looks like strength, but it is really price reaching up to collect the stops before it reverses. That reversal is your trade.

The line to remember

You are not trading the breakout. You are trading the reversal that comes right after the breakout grabs liquidity.

3

The Two Scenarios

There are only two. Tap between them.

previous session HIGHprevious session LOW (TP2)50% (TP1)supply zonethe break above sweeps stops, then reversesSELLtarget the other sideBEARISH BIAS

Price pushed above the previous high, a liquidity grab, so it is likely to reverse down. Bias: bearish. You hunt a supply zone forming above the high, or a change of character down followed by a supply retest, then short. Targets: 50% of the range, then the previous low.

4

The Six Mechanics

The same steps work in any session, which is why the X is its own concept before we ever name a session.

  1. Mark the previous session's high and low. Use the Fibonacci tool or horizontal lines. The 50% midpoint becomes a partial take profit later.
  2. Wait for price to break the range. Break above the high means bearish bias. Break below the low means bullish bias.
  3. Wait for a change of character (CHOCH). After the sweep, watch the structure flip. If price broke above, it makes a higher high then a higher low, and when it breaks back below that higher low, that is the CHOCH. Mirror it for a break down. Exception: a conservative entry off a supply zone above the high or a demand zone below the low can skip the CHOCH.
  4. Find your zone. The supply or demand zone you trade off can form before the change of character or after it. Often it is the gap the CHOCH leaves behind, but a zone that was already sitting there before the CHOCH counts just the same. A supply zone (or a downward gap) is a short, a demand zone (or an upward gap) is a long.
  5. Enter on the rejection. When price taps the zone, wait for a rejection candle or named pattern to close, then market buy at the candle high (long) or market sell at the low (short). Stop past the wick or the zone.
  6. Take profit at the range. TP1 is 50% of the previous range. TP2 is 100%, the opposite side. Or trail your stop.

Zone timing

Do not get rigid about step order. The zone you trade off can appear before the change of character or after it. What matters is that you have a clean supply or demand zone and price is retesting it, not whether it formed first or the CHOCH did.

The throughline

Mark the range. Wait for the break. Flip the bias. Wait for confirmation. Enter on the rejection candle. Target the other side of the range. Six steps, memorize them.
✅ Check your understanding
Price breaks cleanly above the previous session's high. What is your bias, and what are you trading?
Bearish. A break above the high is a liquidity grab, not a real breakout. Price swept the stops above the range and is set to reverse. You trade that reversal down, targeting the 50% and then the previous low.
✅ Check your understanding
Are you trading the breakout, or something else?
The reversal. The breakout is the trap that sweeps stops. Your trade is the turn that follows, back toward the other side of the range.
Part Two

London X

The X concept applied at the London open, using the Asian session as the reference range.

1

Asian Range, London Bias

London X uses the Asian session's high and low to form your bias for the London session. The Asian range is your reference range, and the X plays out around it.

Reference range
The previous Asian session's high and low (roughly 7pm to 3am ET).
You trade
The London session, which opens around 3am to 9am ET. Be at your screen for the open.
Timeframes
15-second OR 1-minute. Pick one and stick with it, not both.
range HIGHrange LOW50% (TP1)London X · the ASIAN range frames the LONDON openAsian session rangesupply zone, short the retesttarget 50%, then the lowBEARISH BIAS

Asian built the range overnight. London opens, sweeps the Asian high, and you short the reversal back down toward the Asian low.

  1. Mark the Asian high and low with the Fibonacci tool. The 50% level becomes TP1.
  2. Wait for the break. Above the Asian high is bearish bias, below the Asian low is bullish bias.
  3. Wait for the CHOCH in your direction (skip only for a conservative zone entry above the high or below the low).
  4. Identify your zone. Demand zone for buys, supply zone for sells. Wait for price to tap it.
  5. Enter and target. Rejection candle closes, market buy at the high or sell at the low, stop past the wick or zone. TP1 is 50% of the Asian range, TP2 is the opposite side. Or trail.
✅ Check your understanding
On London X, price breaks below the Asian session low. What is your bias and which zone do you hunt?
Bullish. A break below the low sweeps sell stops and sets up a reversal higher. Wait for the change of character up, then long the demand zone, targeting the 50% and then the Asian high.
Part Three

New York X

The exact same concept, shifted forward: the New York open using the London session as the reference range.

1

London Range, New York Bias

New York X uses the London session's high and low to form your bias for the New York session. London becomes your reference range. Same concept, just shifted forward in time.

Reference range
The previous London session's high and low (roughly 3am to 9am ET).
You trade
The New York session, which opens around 9am to 5pm ET.
Timeframes
15-second OR 1-minute, same rule as London X. Pick one.
range HIGHrange LOW50% (TP1)New York X · the LONDON range frames the NEW YORK openLondon session rangedemand zone, long the retesttarget 50%, then the highBULLISH BIAS

London built the range this morning. New York opens, sweeps the London low this time, and you long the reversal back up toward the London high. Same X, mirror direction.

  1. Mark the London high and low with the Fibonacci tool. Midpoint is your TP1 reference.
  2. Wait for the break. Above the London high is bearish, below the London low is bullish.
  3. Wait for the CHOCH to confirm the reversal (skip only for a conservative zone entry).
  4. Identify your zone. Demand for buys, supply for sells. Wait for the tap.
  5. Enter and target. Rejection candle closes, market buy at the high or sell at the low, stop past the wick or zone. TP1 is 50% of the London range, TP2 is the opposite side.
✦

Same Concept, Different Sessions

If London X and New York X feel like the same strategy described twice, that is because they are, just like scalping and day trading. Same X concept, different reference ranges, different times of day.

London XNew York X
You tradeThe London openThe New York open
Reference rangeAsian session high / lowLondon session high / low
Bias forms whenPrice breaks the Asian rangePrice breaks the London range
Targets50% & 100% of the Asian range50% & 100% of the London range

The pattern

Each session uses the previous session's range as its reference. Asian frames London, London frames New York. The X is identical. The only thing that changes is whose range you track and which session you trade.
✅ Check your understanding
What is the real difference between London X and New York X?
Same concept, different range. The X mechanics are identical. London X reads the Asian range to trade the London open, New York X reads the London range to trade the New York open.