London/NY Session Open Times

Hi,

I have held the belief like many that London opens at 4am est and NY opens at 9am est however after a years experience in the markets it seems to me that moves start an hour or even 2 hours before that time hinting to me that they are big bankers buying and selling in the office before the session opens is this the case? I am beginning not to pay too much attention nowadays on open false breaks as its in the daily cycle and I understand what is going on in the bigger picture.

Yes i am a new bie and i experienced the same thing i think its wise to enter in the market 1 hour before the beginning of the newyork/london overlap )

i think there smart money is up around when the australian session just closed and only tokyo is open for an hour by itself why take a guess

WENDIGO

You are right about the so called sessions. There is no opening bell so order flow that accumulates during the off hours are executd when the traders come into the office. Don't be under the false impression that the large money center dealers are trading against the retail trader. They have large industrial clients that let them make a pip here and there for the access. Market is very transparent and with the exception of the dumb mutual fund managers that didn't understand the business, all of the large clients have Bloomberg terminals in the treasury office and know what the markets are. Some money center traders have a feel for the daily supply based on years of experience and they often times lean with or against the expected order flow. A few pips here and there make for millons of profits so why take the chance. Service is the profit maker.

Forex Market Hours, NY Eastern Standard Time

Frankfort Open 2AM
London Open 3AM
New York Open 8AM
Sydney Open 4PM
Tokyo Open 6PM

Adjust times during DST changes

http://forex.timezoneconverter.com/i...York&refresh=5

http://a1.rimg.info/4688613908795993...f99ebe9662.gif


Trust no rabbits baring gifts of carrots ?

http://www.forexfactory.com/

http://forex.timezoneconverter.com/

https://www.oanda.com/forex-trading/...s/market-hours

all using the right gmt + 8 time setting, but why the opening time and closing time not same?