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Doggone Sunday Candle

  • Post #1
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  • First Post: Nov 11, 2006 2:30pm Nov 11, 2006 2:30pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
does anybody know when interbank fx, starts up and close in EST on Sunday?

I'm asking because when sunday comes and the market opens again, i notice how interbank fx would display the sunday's candle as a very insignificant candle (very small). Then the monday's candle begins...

This kind of screw up a pivot indicator I use because it takes previous close values. And sunday's candle open and closes in a short amount of time before the monday's candle opens again..

So I need to know what timeframe the sunday candle open and close so I can do my friday's analysis!

Thanks!!!!!!!!!
Working towards CME membership
  • Post #2
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  • Nov 11, 2006 5:09pm Nov 11, 2006 5:09pm
  •  billbss
  • Joined Apr 2006 | Status: Member | 4,301 Posts
Quoting hilmy83
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does anybody know when interbank fx, starts up and close in EST on Sunday?

I'm asking because when sunday comes and the market opens again, i notice how interbank fx would display the sunday's candle as a very insignificant candle (very small). Then the monday's candle begins...

This kind of screw up a pivot indicator I use because it takes previous close values. And sunday's candle open and closes in a short amount of time before the monday's candle opens again..

So I need to know what timeframe the sunday candle open and close so I can do my friday's analysis!

Thanks!!!!!!!!!
Ignored
It opens at 2300 GMT. A new daily candle opens at 2400 GMT- one hour later.
I trade on IBFX's platform, but also have an FXDD MT4 that I chart on when the Sunday candle makes a difference.
 
 
  • Post #3
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  • Nov 11, 2006 6:01pm Nov 11, 2006 6:01pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
gracias
Working towards CME membership
 
 
  • Post #4
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  • Last Post: Nov 11, 2006 6:27pm Nov 11, 2006 6:27pm
  •  kenmania
  • | Joined Sep 2006 | Status: Rookie Microcosmic Trader | 461 Posts
I needed this info too because I have an open trade.

Thanks hilmy83 for asking the question, and thanks billbss for answering it.
Is your SL my TP?
 
 
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