True opening and closing hours? | Forex Factory

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True opening and closing hours?

  • #1
  • First Post: Apr 1, 2007 5:45pm Apr 1, 2007 5:45pm
I look at differant sources and some say Japan Forex opens at 8:00 p.m. EST, (i.e. NY time), others say 7:00 p.m. EST (i.e. NY time).

Some say NY really slows down at 4:00 pm est, others at 5:00 pm est.

Can anyone help me out?
  • #2
  • Apr 1, 2007 5:56pm Apr 1, 2007 5:56pm
Those differences of one hour are caused by different dates for daylight savings time due to the fact that not all countries make the switch on the same day.

usually Tokyo opens at 7pm est, London at 3am est and NY at 8am

Hope i;m right
The risk is what gives value to an investment.
  • #3
  • Apr 1, 2007 7:57pm Apr 1, 2007 7:57pm
I hope this helps
Attached Image
  • #4
  • Apr 1, 2007 8:00pm Apr 1, 2007 8:00pm
there are no "true" opening and closing hours, thats the issue. forex is made up of a bunch of banks that trade with eachother. so the hours really depend on when the banks are open for trading.
Relax and be happy.
  • #5
  • Apr 1, 2007 8:10pm Apr 1, 2007 8:10pm
Quoting WHTenn
I hope this helps
WHTenn thanks for the chart.

can you tell me where did you get it from?
Thanks again.
  • #6
  • Apr 1, 2007 11:09pm Apr 1, 2007 11:09pm
Quoting Neznaika
WHTenn thanks for the chart.

can you tell me where did you get it from?
Thanks again.
Hey there... I will PM you the answer...got it from a course I took.
  • #7
  • Apr 2, 2007 3:46am Apr 2, 2007 3:46am
Quoting WHTenn
I hope this helps
Hi WHTenn - Great Chart - Can you also send me the link to it?

schpsyk
  • #8
  • Apr 2, 2007 6:24am Apr 2, 2007 6:24am
Quoting merlin
there are no "true" opening and closing hours, thats the issue. forex is made up of a bunch of banks that trade with eachother. so the hours really depend on when the banks are open for trading.
Tru dat.

FF has an indicator on the main "Discussion Page."

This other site primarily uses the Opening and Closing of the Local Stock Markets as a base.
http://www.worldmarkethours.com/Fore...a.htm?12,0,1,1
  • #9
  • Apr 2, 2007 9:00am Apr 2, 2007 9:00am
Quoting merlin
there are no "true" opening and closing hours, thats the issue. forex is made up of a bunch of banks that trade with eachother. so the hours really depend on when the banks are open for trading.
That's right, Merlin. I couldn't have said it more precise.
  • #10
  • Apr 3, 2007 6:04am Apr 3, 2007 6:04am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
We have 3 main sessions in FX.
Tokio - 00.00 till 07.00am GMT -the least active
London-07.00 til 04.00pm GMT -the most active session
NY -16.00pm till 00.00 GMT -somewhere in bettween

I think thats quite important for those of you who trade GBP/USD...

------------------
PLAN YOUR TRADE AND TRADE YOUR PLAN....
  • #11
  • Apr 4, 2007 5:05am Apr 4, 2007 5:05am
Im curious as to when each session starts and ends in EST..

If anyone could help me out I would greatly appreciate it
  • #12
  • Apr 4, 2007 5:31am Apr 4, 2007 5:31am
i'm not sure wich is the est time but here is a good table
Time Zone New York GMT
Tokyo Open 7:00 pm 0:00
Tokyo Close 4:00 am 9:00
London Open 3:00 am 8:00
London Close 12:00 pm 17:00
New York Open 8:00 am 13:00
New York Close 5:00 pm 22:00
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #13
  • Apr 4, 2007 5:42am Apr 4, 2007 5:42am
Hello Superdezign,

- The london session start from 02:00am ET (frankfurt open) until 11:30am ET (end of London).

- New York session start from 08:30am ET (New York open) and end at 17:00pm ET and

- The asian session start at 18:00pm ET (Sydney open) with the bult at 19:00pm (Tokyo open) and close about 04:00am ET.

The most important bulk of activity is between 02:00am ET and 11:30am ET as there is an overlapping of the 3 sessions together.

Hope this help you

Wishing you very good trading


shreem
  • #14
  • Apr 4, 2007 5:54am Apr 4, 2007 5:54am
Quoting superdezign
Im curious as to when each session starts and ends in EST..

If anyone could help me out I would greatly appreciate it

Hi,

I got this somewhere. I hope it helps.

best wishes to you all
Attached File(s)
File Type: doc Time Zones.doc   41 KB | 693 downloads
  • #15
  • Apr 4, 2007 10:39am Apr 4, 2007 10:39am
thank you everyone for your help
  • #16
  • Apr 4, 2007 11:24am Apr 4, 2007 11:24am
Quoting WHTenn
I hope this helps
Hi WHTenn,

So according to your chart, there is a spike in volume at NY open which almost equals that at London open? it's strange, because I certainly witness the London open activity on a daily basis but I rarely see that extra volatility at NY open.

Any opinions on NY open volatility?
  • #17
  • Last Post: Apr 4, 2007 11:50am Apr 4, 2007 11:50am
hi,

take a look @ this site, looks pretty good:
http://www.forexmarkethours.com/

Regards,

Daniel.
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