I used to trade daily currency futures and more recently have focussed entirely on day trading index futures.
I'm looking at forex trading as an extra revenue stream and have come up against the old "which times should I use for pivots?" question in a different form.
The new one is when should my 4 hour bars start?
- should they start at midnight Frankfurt?
- should they start at midnight London?
- should they start at midnight NY?
- should they start at midnight Tokyo?
I would assume that they should start in the timezone that the most money is traded because that's the timezone that bar breaks will be be most important.
To assist anyone who'd like to suggest an answer I plan to trade EUR.JPY primarily along with EUR.USD but may also trade AUD.USD.
I'm looking at forex trading as an extra revenue stream and have come up against the old "which times should I use for pivots?" question in a different form.
The new one is when should my 4 hour bars start?
- should they start at midnight Frankfurt?
- should they start at midnight London?
- should they start at midnight NY?
- should they start at midnight Tokyo?
I would assume that they should start in the timezone that the most money is traded because that's the timezone that bar breaks will be be most important.
To assist anyone who'd like to suggest an answer I plan to trade EUR.JPY primarily along with EUR.USD but may also trade AUD.USD.