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Trading in California (PST)

  • #21
  • Apr 17, 2010 10:08am Apr 17, 2010 10:08am
Quoting wolfeman
Hey jcpfx I think we must be neighbors. I'm about 30 miles east of the city too. San Ramon to be exact. Where are you?

I stay up 'till about 2 or 3 am to trade london, it makes trading NY nearly impossible...

East Bay California- a great place to live but tough to trade...
Hey Wolfeman, wow, we are neighbors. I am in San Ramon as well, been here for almost 10 years, love it here!

Talk to you soon.

JP
  • #22
  • Apr 17, 2010 10:17am Apr 17, 2010 10:17am
Quoting unclek6
So I am not the only one grappling with the PST thing. I trading from Oakland and fairly new to forex, trading only demo accounts. I am trying to find what works for me. Just started reading james16. I have tried indicators but starting to find some consistency with price action. greetings to you all on the west coast.
Hey Unclek6, I've been following the J16 thread for a few months now. A great group of people in that thread. What really helped me was the guest section at http://www.james16group.us/guestdisclaimer.html. I have watched all the videos several times, and have them all archived on my computer so I can refresh every so often whenever I try to over complicate things.

Trading Daily and Weekly charts the J16 way is one of the best ways to establish consistency in my opinion. You don't get many trades, but it sure toughens the mental approach and is also great for all of us here in PST!
  • #23
  • Apr 18, 2010 12:48am Apr 18, 2010 12:48am
Have lived all over the state, now live outside of Grass Valley in god's country. Just over 5 years of forex trading at all hours of the day (I mean all). I trade full time and sleep is something to do on the weekends. I stay up to 1am or so and then get up at 7am, take a nap and also trade Asian. Continuing to perfect the best system for me but realize that the H1, H4 time frames are best. If you can catch the trend around the london open, and be willing to let the trade go when you sleep (or just set a profit target and be happy with it) that seems to be the answer to me. I can't set alarms to ring during london as that really messes up my sleep. As we all get better, will be able to set fewer trades on bigger time frames and make more pips and play more golf.
  • #24
  • Apr 18, 2010 2:52am Apr 18, 2010 2:52am
yup. LA....
either early to bed, early to rise or late to bed early to rise.
I go with both...only i gotta take a nap mid day.
  • #25
  • Apr 18, 2010 1:46pm Apr 18, 2010 1:46pm
One method I occasionally use that is conducive to PST time is fading Sunday Gaps.
  • #26
  • Jan 13, 2011 6:57pm Jan 13, 2011 6:57pm
Quoting eventtrading
Australia covers the Asian open, the London open, and the NY open during a "normal" human day, i.e, 6AM - 12Pm. Bed time is Dead Time. It's wonderful; plus the women are gorgeous!
Cool to know, so gmt+8(9,10) is the best._k
Old Habits Die Hard.
  • #27
  • Jan 13, 2011 11:52pm Jan 13, 2011 11:52pm
In LA, and I either trade the London open 11-2 or NY open 5-9. Tried both for a while, but got really worn out.

It's best to live in Europe, I suppose.
  • #28
  • Jun 19, 2012 12:20am Jun 19, 2012 12:20am
In LA, mainly trade D1 nowadays after struggling to stay awake to trade first few hours of London and having it ruin my schedule. H4 is also fantastic for anyone living in the Pacific Time Zone. If I do trade smaller TFs, it is NYO. Tokyo does not have enough consistency for me to trade.
  • #29
  • Jun 21, 2012 4:52pm Jun 21, 2012 4:52pm
PST nightowl here. Catch 2nd half of asia, UK, and beginning of US.
  • #30
  • Jun 21, 2012 4:55pm Jun 21, 2012 4:55pm
Quoting EmeraldEyes
PST nightowl here. Catch 2nd half of asia, UK, and beginning of US.
You are a lucky soul...the best of all worlds
  • #31
  • Sep 19, 2018 5:57pm Sep 19, 2018 5:57pm
Trading with and in the right time-zone?
I live in Germany right now and I am trading the D1-TF exclusively and it sucks because my Trading mostly begins at near midnight (D1-candle opens around 1 hour before midnight :-((
so the best Time-zone for a D1-Trader is definitely in Hawaii becuase it begins around midday and I am finished after 1-2 hours and than heading to the beach :-))
So my wife and I have planned our immigration since nearly 20 decades and we will immigrate to the US at late November this year (flights are already booked )
stay tuned...
Z.
  • #32
  • Feb 4, 2019 7:50pm Feb 4, 2019 7:50pm
Quoting eventtrading
{quote} Australia covers the Asian open, the London open, and the NY open during a "normal" human day, i.e, 6AM - 12Pm.
What are the pairs best for...?

  1. Scaping
  2. Long Trades

  • #33
  • Last Post: Oct 25, 2024 11:31am Oct 25, 2024 11:31am
Spain has the same weather as CA for < 1/2 the cost. NY open is early afternoon.
"If The Fool persists in his Folly he will become wise." - William Blake
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