I've been having a debate with myself the last couple weeks between staying with New York time or switching to London time. I know you've said Nomask that it doesn't matter overall but I just can't seem to convince myself of that. I think its a fact that the most likely positions to survive are opened at the beginning of whatever time frame you are looking at (beginning of week/day/4 hour bar). Unfortunately for U.S. traders this means very early mornings. So my logic to picking to display my bars in the London time zone is that more eyes are watching in that time zone with many Americans are still asleep (I'll be awake). I just feel as my entries (even if they get to B/E) are going to die on retraces simply because of the time of day of which I am entering. This last trade I took on AUDUSD is really bugging me because I was taken out on simple sideways action. Had I been on London time I would have gotten in earlier and still be alive in the trade today. I know one trade can't influence my decisions but I've seen this happen time and time again. I'm not sure if I've been clear enough in this post so sorry if I caused any confusion.
I'd appreciate it if someone who uses London time could post their 4 hour EURUSD so I can compare.
I'd appreciate it if someone who uses London time could post their 4 hour EURUSD so I can compare.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.