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  • #359,241
  • Jan 5, 2011 7:38pm Jan 5, 2011 7:38pm
Hi all, this morning a valid point was made about how we should know the exact hours of operation of the world markets in order to take advantage of them.
So I decided to go to each source (exchange website) and record the different openings and closings for my reference. I wanted to share this with everyone when I had this ready since I have learned a bunch from here and wanted to contribute a little at least.

This however has left me more confused now since there are conflicting hours of operation with what I believed before. Case in point, I thought Singapore and Hong Kong opened before Tokyo, and I thought Frankfurt opened before London, and according to this they don't. I know I must have made a mistake with the local times, GMT and my time zone (EST), but am too tired after a long day of my sons' doctor visits and life in general to go over everything again.

If someone can give me a hand, I can fix this and share something correct and of value with everyone.

thanks
Attached File(s)
File Type: xls Market Times.xls   29 KB | 335 downloads
  • #359,242
  • Jan 5, 2011 7:40pm Jan 5, 2011 7:40pm
gator, look what i found. a fib-tool, where you can change the colours of the levels separately.
wasn't that you who wanted something like that?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Hourly_snapshot.png Size: 29 KB
  • #359,243
  • Jan 5, 2011 7:41pm Jan 5, 2011 7:41pm
Quoting Hda
LARSEG: Your point is valid and a monthly chart never lies. It is a clear clear down trend. Lower Highs, Lower Lowers.

The lower high is currently being formed and will be confirmed at the end of January.

That aside, we dont have the money to trade a monthly chart, we will leave that to Soros.

But the eveidence is compelling - the EUR/CRISIS is not going away anytime soon - Some sentiments are for the EUR to reach 0.8333 by late 2012 thats below par. If I could see into the future I would never exit my short. But for the moment...
Its funny how many traders thinks Soros is a FX god but in reality what he did ages ago was plain stupid, yes he made money but it could have gone the other way.

Who hasn't had 1 big win when they first started out, we all did it... we all had it, and then lost it...


I truly believe that if you can be consistent you are sweet and only then...
  • #359,244
  • Jan 5, 2011 7:45pm Jan 5, 2011 7:45pm
hey hatch.. i gonna short when i get the chance. maybe we try for dpp. if so.. i think earlier 3208 came up.. but 3189x is in its way
those who can, do. those who cant, talk about those who can
  • #359,245
  • Jan 5, 2011 7:47pm Jan 5, 2011 7:47pm
Quoting Mr Hatch
gator, look what i found. a fib-tool, where you can change the colours of the levels separately.
wasn't that you who wanted something like that?
on meta?
those who can, do. those who cant, talk about those who can
  • #359,246
  • Jan 5, 2011 7:47pm Jan 5, 2011 7:47pm
Morning all,
Just thought to share what i see on my Daily.
I am relatively new to trading, so please feel free to point out if i make mistakes.
This is where I see Euro going towards.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily.JPG Size: 100 KB
  • #359,247
  • Jan 5, 2011 7:48pm Jan 5, 2011 7:48pm
Quoting gatorinla
on meta?
nope, it's jforex. it's java, but i have to admit, it seriously rocks.
  • #359,248
  • Jan 5, 2011 7:50pm Jan 5, 2011 7:50pm
Quoting piptornado
Hi all, this morning a valid point was made about how we should know the exact hours of operation of the world markets in order to take advantage of them.
So I decided to go to each source (exchange website) and record the different openings and closings for my reference.
not bad information to know but spot fx is an over-the-counter market and is not traded on exchanges, other than fx futures, of course, but fx futures are only a fraction of spot in volume.

fx is a banker's game - you need to think about the bank schedules....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #359,249
  • Jan 5, 2011 7:54pm Jan 5, 2011 7:54pm
Quoting gatorinla
hey hatch.. i gonna short when i get the chance. maybe we try for dpp. if so.. i think earlier 3208 came up.. but 3189x is in its way
took a tiny one at 62.
  • #359,250
  • Jan 5, 2011 7:55pm Jan 5, 2011 7:55pm
Quoting Larseg
Its funny how many traders thinks Soros is a FX god but in reality what he did ages ago was plain stupid, yes he made money but it could have gone the other way.
Yep, at the root of every fortune is either a great crime or a steel-nerved, all-in bet. If either is done successfully, it will appear to the rest of us to have been pure, dumb luck.
  • #359,251
  • Jan 5, 2011 7:56pm Jan 5, 2011 7:56pm
Quoting piptornado
If someone can give me a hand.




Check out the indy that killer posted early. This way instead of checking the clock, you will have these trade times on your chart.

Another thing you can have a looksie for is the isessions indicator. Much the same but superimposed onto the candles of the chart.

Very useful tools.

Preferred trading...

Well, to each is their own really. You just have to keep in mind if you are a hobbyist, scalper or swing trader that the actual clock makes very little difference. Price goes up and down in all trade sessions, and of course all pairs have their preferred trade times, do these meet with your schedule?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #359,252
  • Jan 5, 2011 7:57pm Jan 5, 2011 7:57pm
Still buying from all willing sellers.. 1.3250 firm. Just remember when you want to buy it again.. your going to have to buy them back from me at a premia

Good luck.
Attached Image
  • #359,253
  • Jan 5, 2011 7:58pm Jan 5, 2011 7:58pm
Quoting The Fool
...

fx is a banker's game - you need to think about the bank schedules....
Not true. You can scalp during bank's off hours if you know what you are doing it.
  • #359,254
  • Jan 5, 2011 7:58pm Jan 5, 2011 7:58pm
Quoting hkkhanus
Morning all,
Just thought to share what i see on my Daily.
I am relatively new to trading, so please feel free to point out if i make mistakes.
This is where I see Euro going towards.
Thanks
Everyone makes mistakes in speculating the direction, but the point is do you know how much it will cost you if it doesn't get where you want to see it? If you know the cost and willing to accept the damage, chances are that it will go there............. (Ps) with you onboard, otherwise it will ultimately get there but without you.
The Thief of Wall Street
  • #359,255
  • Jan 5, 2011 8:01pm Jan 5, 2011 8:01pm
Quoting Larseg
Its funny how many traders thinks Soros is a FX god but in reality what he did ages ago was plain stupid, yes he made money but it could have gone the other way.

Who hasn't had 1 big win when they first started out, we all did it... we all had it, and then lost it...


I truly believe that if you can be consistent you are sweet and only then...
Larseg: Consistency is the key, but lets not knock Soros - its our turn to make the money
  • #359,256
  • Jan 5, 2011 8:01pm Jan 5, 2011 8:01pm
I'm seeing chance to drop 300 pips today short at 3160 TP 2880 (Based on your momma). I was right about 3190 yesterday TELawrence.
Founder of Sutherland Wave Principle
  • #359,257
  • Jan 5, 2011 8:06pm Jan 5, 2011 8:06pm
I posted the chart attached below here http://www.forexfactory.com/showpost...stcount=359095 about 10 hours ago. Despite being old, it is still true. For bears to have a run, we need to break the strong support level. Behind that support are SL levels of major long positions that are stuck from holiday trading.

Also, there is a strong possibility of a bull retracement that can take out recent shorts.

It's a classic Bull vs. Bear dead even fight, with half of the market staying out and waiting for confirmation. Once we move from here, its gonna be a large momentum breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1_5_11_h1_1.jpg Size: 223 KB
  • #359,258
  • Jan 5, 2011 8:11pm Jan 5, 2011 8:11pm
Quoting Mr Hatch
took a tiny one at 62.
i already closed like a da..
those who can, do. those who cant, talk about those who can
  • #359,259
  • Jan 5, 2011 8:11pm Jan 5, 2011 8:11pm
Quoting Hda
Larseg: Consistency is the key, but lets not knock Soros - its our turn to make the money
I like your posts you seem to be the voice of reason in this ego-centric forum.
George soros bet paid off unfortunately for many other previously successful millionaire traders have lost there shirt with the risky strategy.

I always think of what warren buffet said "Dont risk what you need for something which you dont need "
So many millionaires become penniless .
If you find yourself getting over confident this quote could save you.
making green pips large and red pips small this is my goal.
  • #359,260
  • Jan 5, 2011 8:12pm Jan 5, 2011 8:12pm
Quoting Mr Hatch
took a tiny one at 62.
out+16.
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