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Better time for trading

  • #1
  • First Post: Feb 6, 2006 12:21am Feb 6, 2006 12:21am
I have been trading forex for few months. I am not sure what is the best time for me to trade. I live in hawaii which is -10:00 GMT. I guess I can trade during the opening of European session(around 3pm EST to 5pm EST, 10pm to 12pm Hawaiian time) or should I wake up at the middle of the night(8pm EST to 11pm EST, 3am to 6am Hawaiian Time) to trade during European US overlap. I have a full time job so I don't want to stay up the whole time.

Ben
Looking for pips!!!
  • #2
  • Feb 6, 2006 12:58am Feb 6, 2006 12:58am
You can look here:

http://www.fxstreet.com/nou/content/...menu=knowledge
  • #3
  • Feb 6, 2006 1:33am Feb 6, 2006 1:33am
eastmaels, according to your link, it seems like the best time for trading is around 10am EST. I guess I will wake up 5am my time to trade.

Ben
Looking for pips!!!
  • #4
  • Feb 6, 2006 2:03am Feb 6, 2006 2:03am
Quoting bensonchan
eastmaels, according to your link, it seems like the best time for trading is around 10am EST. I guess I will wake up 5am my time to trade.

Ben
I think I may have sounded trite in my reply..
I was kind of in a hurry when I posted that.. sorry..

But anyway, I'm no expert so I'm not sure if it's good to follow my advice..
But if you want my opinion, I guess it will be 8AM-12NN EST..
And that's if you're going to be trading lower time frames...

Hope this helps.
East
  • #5
  • Feb 22, 2006 5:18am Feb 22, 2006 5:18am
I live in Hawaii too. I open my charts from 8pm - 8am Sunday - Thursday. The EUR opens at 10pm Hawaii Time (depending on Daylight Savings) and the USD opens at 3am. I find the best movements in the 1st 3-5 hours of each session upon opening. I do not like staying up all night as well and perfer to sleep so I set my charting software to text message alert me and play an audible alert upon certain strategy indicators. Hope this helps.
  • #6
  • Feb 22, 2006 10:02am Feb 22, 2006 10:02am
here is a market hours page that might give you some insights....hope it helps.
these are the majors so the liquidity is the highest at these times.
this is also a real time tool and can be set to your time.
http://fxtrade.oanda.com/resources/fxmarkethours/
Same Whore .... Different Dress
  • #7
  • Feb 22, 2006 10:41am Feb 22, 2006 10:41am
Quoting bensonchan
I have been trading forex for few months. I am not sure what is the best time for me to trade. I live in hawaii which is -10:00 GMT. I guess I can trade during the opening of European session(around 3pm EST to 5pm EST, 10pm to 12pm Hawaiian time) or should I wake up at the middle of the night(8pm EST to 11pm EST, 3am to 6am Hawaiian Time) to trade during European US overlap. I have a full time job so I don't want to stay up the whole time.

Ben
I wished I lived in Hawaii...............yes, because I love to surf, but more importantly because of the time difference. Many of us who live in the est zone like to trade the opening of the London market session because there is very good predictable price movement. This means we are up at 3am est (or before) if we want to participate. Ah.........but you can start in the late evening (a good time for many). My suggestion: enjoy the time difference and earn some pips at a time when some of us are working on our second pot of coffee.
  • #8
  • Last Post: Feb 22, 2006 10:44am Feb 22, 2006 10:44am
it depends on what kind of market you want to trade. if you want a quiet market, you'll want to trade the japanese session that starts around 7PM eastern time. if you want volatility, you will want to trade when the London, Euro, and US markets are all open at the same time. this would be from around 7AM to 11AM eastern time.
Relax and be happy.
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