Both the London and New York sessions feature massive volume and liquidity, but they serve different purposes depending on what you trade. London is renowned for explosive moves in European currency pairs, while New York kicks off with heavy volume in US equities and indices, peaking during the London-New York overlap.
When trading these sessions on a prop account, keep a close eye on your daily loss limits and news restrictions. High-impact US data releases during the New York open can trigger aggressive slippage and volatility, which can quickly breach strict drawdown limits if your position sizing is too large.
How do you usually manage your risk during the volatile overlap? Drop your strategies below!