i've found this doucument on the web, i'll translate for you.
All the jet leg are in relationship between Universal Coordinated Time (UTC). The first meridian wich passes through Greenwich observatory in London is their reference. For this cause the term "greenwich mean time" (GMT) is already used as "base time". GMT il so the ufficial term to measure the time on every trading platform. GMT (UTC) è the local time in Greenwich only between 01.00 UTC of the last sunday of october ane the 01.00 UTC of the last summer of March. In the rest of the yesr the local time is UTC+1 (legal hour).
Guys,
Sorry to sound rude but its only time. When you travel to another country, how do you ever manage. Do you turn up to your dinner reservation 3 hours late? Use the ff clock, ie the time on this post. I am posting this at 12:15 in england. Forget about bst for now, it wont matter until october when it changes. Just see what the time is now wherever you are and workout the difference from 12:15 dinner time. It wont change for the next 5 months.
Andy
ok andy, i'm trying to understand..now in italy is 13.25.
if tokyo is GMT+9 ,and open at 8am tokyo hour, that means
that in italy will be 8 am - 8 hour. in england will be 8 am - 9 hours. it's ok?
Hi Matte
I wouldn't get too hung up on when it starts. Its all a bit vague to me but just be clear that you are one hour ahead of the uk in italy until october.
The lines or box for the asian session need to cover whatever period relates to your broker time on the screen. 09:00 Italian time is the official start of London session. This is the candle that you use to tell you when to place your buy/sell orders. It starts to move before that sometimes due to people getting in early to the offices. So the chart you are looking at---- you will use the close of the candle that closed at 08:59 italian time to end the session. Then work back 8 or 9 hours to get the start. You decide and backtest to see what gives the best results as they also may decide to start early in tokyo. It is definitely slower to kick off than the london start though. Once you have grasped the above you can then adjust the indicator properties and start times to suit yourself and your charts/broker time difference.
Hope this helps
Andy
really helpful Andy. so, london session starts at 8 am london time, 9 am italian time.
tokyo session ends 1 hour after london session open (as we can see in the picture quoted some posts ago).
do you agree with me?
Thanks Matte.
The chart you refer to is gmt. Remember we are now gmt plus 1 and you are gmt plus 2. I don't even know if tokyo move their clocks like we do. Don't be searching in vain for an official close time. All you need to know is when london opens at 09.00 italian time tokyo might as well have shut. London is now in charge and 08.59 IT was the end of tokyo.
Andy
ok, understood what you say. just one thing it's almost unclear. the FF clock that i've posted several times shows me that tokyo session closes at 11 italian time. why? you are telling me that tokyo close at 8.59 italian time!
ok, understood what you say. just one thing it's almost unclear. the FF clock that i've posted several times shows me that tokyo session closes at 11 italian time. why? you are telling me that tokyo close at 8.59 italian time!
Ignored
I was referring to the clock at the header bar near to your name and the search tab, not the markets open session clock thingy. Make sure you have changed the clock to read your local time.
Hope that's clear. I'm off for the weekend now on my sons' rugby tour so won't be here till tuesday.
Have a nice weekend.
Andy
ps. Matte. There are plenty of different views on when sessions start and finish and ff may show that finish. BUT...... the ONLY thing this system relys on is where the Asian session is when london starts. It's not called the london rush for nothing. That is the level from you to work from. Don't get hung up in the detail. Keep it simple.
ok andy, i'm trying to understand..now in italy is 13.25.
if tokyo is GMT+9 ,and open at 8am tokyo hour, that means
that in italy will be 8 am - 8 hour. in england will be 8 am - 9 hours. it's ok?
Ignored
Just add this indicator to, MT4/experts/indicators
The set it up to show all the markets you want to see, it will show you which market is open and the current time of that market.
I advised you to download the indicators and template I uploaded in the reply to your PM , but you told me, "I won't use them"!
We can take a horse to water but we can not make it drink.
EURJPY .. its an Asian based swap and the Euro is heavily traded by all
Monday to Friday results on the 3 Im taking 50% off at 75% as per the back test that was carried out... bring the rest to break even..... at 100% close the last 50% ..or close at end of day if TP or SL not hit
GBPUSD
-37-6+41-32+85 = +51
GBPJPY
NT +0+68-10+112 = +170
EURJPY
+90+67+58-16 = +199 and long from 131.97.. 75% is at 132.51
I like these 3 and I like the indicator posted in the thread called Tokyo,iv coloured mine blue looks crisp and its great to lay on other charts if you dont want to trade the Asian session
Rastaman, i had had an idea! if you think at sunday evening, when the forex week starts, you'll see that if here, in italy, the platform receives the first quotes at 23.00, that means that the asia session starts at 23 here in italy! and that is for the entire week. as the first quote comes at 23 of sunday, the asian session starts at 23 italian time. don't you agree?
