New York Session Review

Review the New York trading session with a focus on price action in yen crosses like EUR/JPY. Analyze past market movements and risk aversion.

Published · Updated · Methodology: Price Action

Part of: ICT Kill Zones & Sessions

  • Methodology: Price Action
  • Content type: educational
  • Timeframes: New York session, London close, one hour
  • Markets: FOREX, EUR/JPY, yen crosses

Source video

Decoded from: FOREX VIDEO | New York Session Review | May 20, 2010 by fxbootcamp — watch the original

Key timestamps:

  • 0:00 - Introduction to New York Session Review
  • 0:05 - Discussion of risk aversion
  • 0:10 - Yen crosses saw biggest drop
  • 0:15 - EUR/JPY dropped nearly 300 pips
  • 0:20 - EUR/JPY staged a 200-pip recovery

Strategy overview

The New York session is one of the two daily liquidity peaks in FX, but this entry is not a setup tutorial — it is a session review, a different genre entirely. "FOREX VIDEO | New York Session Review | May 20, 2010" from fxbootcamp is a dated post-mortem: a look back at one specific trading day after it closed, rather than a rule set to carry into the next one. The distinction matters for what you should expect from the page, and for how the material is useful.

What the video's own chapter markers describe is a day organized around a single theme — risk aversion — and traced through the instrument that expressed it most violently. The presenter identifies the yen crosses as the session's biggest movers and walks through EUR/JPY specifically: a drop of nearly 300 pips followed by a roughly 200-pip recovery, according to the video's own account of that day. That is a review of one date's price behaviour, not a repeatable statistic, and May 2010 sat in the middle of the European debt crisis — a volatility regime that does not transfer to today's market.

The timeframe markers attached to this entry — the New York session, the London close, the hourly chart — point to a review pitched at the session-handover scale rather than at individual entries, which is the level daily recaps of this format typically operate on. No entry rules, exits, indicators or parameters were extracted from this video, and none are claimed here: what it documents is the practice of reviewing a session after the fact — naming the day's dominant driver, identifying which pairs carried it, and reading the move against the level structure — rather than a mechanical method you could code.

Topics

price action · forex strategy · eur jpy strategy · yen crosses · new york session · london close · one hour strategy · forex market analysis · trading strategy · tradingview strategy · pine script

Frequently asked questions

What is a forex session review?

A session review is a retrospective analysis of a trading session after it has closed — identifying what drove price that day, which pairs moved most, and how the move developed — rather than a forward-looking setup with entry and exit rules. It is a routine for building market context, not a strategy in itself.

Does this video teach a New York session trading strategy?

No. It is a dated daily recap from May 20, 2010, covering that specific session's price action. No entry rules, exits, indicators or parameters were extracted from it, so it should be treated as market commentary and an example of review practice rather than as a tradeable method.

Why do the yen crosses move most during risk-aversion days?

The yen has historically been treated as a funding and safe-haven currency, so when traders reduce risk exposure the yen crosses tend to show the sharpest moves. The video points to this dynamic on the day it reviews, with EUR/JPY as the clearest example.

Are the pip figures mentioned in the video representative of normal conditions?

No. The roughly 300-pip drop and 200-pip recovery described are the presenter's account of one specific day in May 2010, during the European debt crisis. They describe a single historical session and should not be read as typical range or as any kind of expected outcome.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

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