session start/end time for usd/jpy | Forex Factory

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session start/end time for usd/jpy

  • #1
  • First Post: Jul 14, 2008 7:14pm Jul 14, 2008 7:14pm
Can anyone who is in the EST time zone and trades this pair tell me what they use for session start and end times.

I'm using ninja trader and have been unsure whether to use 7 pm or 12 am for a start time and what to use for end time

implications of each? I did some searching but haven't found much. Is there a good thread on this?

thanks vry much
  • #2
  • Jul 14, 2008 7:43pm Jul 14, 2008 7:43pm
I don't trade this pair but I would recommend the currency pairs corresponding opening market thus NY open 8:00am or Tokyo open 20:00 both EST. I'm assuming this is what you mean.

Edit: NY is 8:00 to 17:00 and Tokyo is 20:00 to 4, now you say session, that is up to you, first 2 hours and last 2 hours are always best.
  • #3
  • Jul 14, 2008 7:50pm Jul 14, 2008 7:50pm
Quoting fxRichard
I don't trade this pair but I would recommend the currency pairs corresponding opening market thus NY open 8:00am or Tokyo open 20:00 both EST. I'm assuming this is what you mean.

Edit: NY is 8:00 to 17:00 and Tokyo is 20:00 to 4, now you say session, that is up to you, first 2 hours and last 2 hours are always best.

Richard

thanks for the response. So if I used 8:00 am would the end time be 8:00 pm? Because I think of the usd/jp starting at around that time ie, when Asia gets going.... adding to my confusion

I've been looking at Jlivermores scalping thread and I plan on reading some of yours....thanks again
  • #4
  • Jul 14, 2008 7:52pm Jul 14, 2008 7:52pm
Quoting PhilipK
Richard

thanks for the response. So if I used 8:00 am would the end time be 8:00 pm? Because I think of the usd/jp starting at around that time ie, when Asia gets going.... adding to my confusion

I've been looking at Jlivermores scalping thread and I plan on reading some of yours....thanks again

just noticed your edit....all the best
  • #5
  • Jul 14, 2008 7:58pm Jul 14, 2008 7:58pm
Quoting PhilipK
Richard

thanks for the response. So if I used 8:00 am would the end time be 8:00 pm? Because I think of the usd/jp starting at around that time ie, when Asia gets going.... adding to my confusion

I've been looking at Jlivermores scalping thread and I plan on reading some of yours....thanks again
It depends on your style of trading, I only spend 2 hours a day max trading. For scalping the best times are usually the first and last 2 hours of the market open/close. For instance, NY would be 8:00-10:00 and 15:00-17:00 and Tokyo would be 20:00-22:00 and 2:00-4:00(I recommend this time).

Like I said I can't say for 100% sure what time is best for USD/JPY as I don't trade it, this is something you need to learn/determine. I can tell you the best times for my pair If your scalping I recommend sticking to ONE pair and own it! Learn everything about it, look at historical charts for YOUR TIME PERIOD you chose and learn when the moves happen etc as they are fairly consistent. I highly recommend you do not spend 8:00am to 8:00pm as you will more than likely overtrade etc. Like I said pick a time slot and own it.(This applies only for scalping and not long term etc)
  • #6
  • Jul 14, 2008 8:01pm Jul 14, 2008 8:01pm
Quoting fxRichard
It depends on your style of trading, I only spend 2 hours a day max trading. For scalping the best times are usually the first and last 2 hours of the market open/close. For instance, NY would be 8:00-10:00 and 15:00-17:00 and Tokyo would be 20:00-22:00 and 2:00-4:00(I recommend this time).

Like I said I can't say for 100% sure what time is best for USD/JPY as I don't trade it, this is something you need to learn/determine. I can tell you the best times for my pair If your scalping I recommend sticking to ONE pair and own it! Learn everything about it, look at historical charts for YOUR TIME PERIOD you chose and learn when the moves happen etc as they are fairly consistent. I highly recommend you do not spend 8:00am to 8:00pm as you will more than likely overtrade etc. Like I said pick a time slot and own it.(This applies only for scalping and not long term etc)


What I'm trying to do is develop some scalping/short term skills however when I get home from work it's about 7:00 PM. So, I thought if the usd/jpy started moving enough I could slowly learn at night for a couple/few hours
  • #7
  • Jul 14, 2008 8:12pm Jul 14, 2008 8:12pm
Sounds like a plan
  • #8
  • Jul 14, 2008 8:21pm Jul 14, 2008 8:21pm
Open up your pm...that is if you want. Was going to send you a PM. I'll check back in the morning.
  • #9
  • Jul 14, 2008 8:24pm Jul 14, 2008 8:24pm
Quoting fxRichard
Open up your pm...that is if you want. Was going to send you a PM. I'll check back in the morning.

I think I enabled PMs

When I change the start /end times my ninja trader charts stop updating.
  • #10
  • Jul 14, 2008 8:29pm Jul 14, 2008 8:29pm
I'll send you the info in the morning don't have time now. What times did you change in NT? If your talking about the ones I think don't mess with them no need to
  • #11
  • Jul 14, 2008 8:36pm Jul 14, 2008 8:36pm
Quoting fxRichard
I'll send you the info in the morning don't have time now. What times did you change in NT? If your talking about the ones I think don't mess with them no need to


no prob, whenever you have time it's appreciated

chart properties Session begins (local time)
Session Ends (local time)

I can honestly say now that I have no clue what these should be
  • #12
  • Jul 14, 2008 8:40pm Jul 14, 2008 8:40pm
Quoting PhilipK
no prob, whenever you have time it's appreciated

chart properties Session begins (local time)
Session Ends (local time)

I can honestly say now that I have no clue what these should be
Reset them to the defaults I believe they are 12:00 to 12:00 I will check on my desktop in the morning. You don't want to mess with this, just keep it at the default, use GAIN to prefill the charts for you before you connect to your data provider that is if you have one this way you have all the data you need for the day as well.
  • #13
  • Jul 14, 2008 9:05pm Jul 14, 2008 9:05pm
Right now the best time for the USDJPY has been during the US session, last friday it was earlier in the US session, today it started around 10am and went till around 3pm, so the specific times can vary quite a bit. Last month it was bursting mostly during the end of the asian session and the first chunk of the european, so that changes too.

In general, for intra-day entries, I try to be available from 3am till noon eastern time. Tends to catch the vast majority.
  • #14
  • Jul 15, 2008 6:03am Jul 15, 2008 6:03am
thank you Rabid have a great day
  • #15
  • Last Post: Jul 15, 2008 7:27am Jul 15, 2008 7:27am
I looked at my charts for the last few days, based on the way I trade (scalping) 8-10 was beautiful the last few days along with 20:00-22:00 as mentioned before. Currency pairs usually have the most activity during their market open/close
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