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GMT confusion

  • #1
  • First Post: Jun 2, 2006 7:45pm Jun 2, 2006 7:45pm
Hi all,

As I live in Australia I am out of touch with the summer times "up there"

For example, on the FF calendar it says that NFP was to be announced at 12.30 GMT.

On my software the price "took off" at 14.30 GMT ( I am using SBFX MT4)

Even allowing for daylight saving adjustments, if both times quoted are GMT shouldn't the move and the announcement match up ?

Could someone tell me if they coincide on their software, maybe the clock is out on my MT4 feed.
Money grows on the tree of persistence
  • #2
  • Jun 2, 2006 7:54pm Jun 2, 2006 7:54pm
I think the times on the FF calender are at GMT, but without the daylight savings time of the UK added.

For example: I live in Belgium, normally GMT +1, one hour added compared to the UK, but I have to put the calender at GMT +2 in order to get the timing correct for local use. Was confusing at first too..

L.A.
  • #3
  • Jun 2, 2006 8:30pm Jun 2, 2006 8:30pm
Hi LA,

OK, so now UK opens at 9.00am GMT is that right ?

I think FF must have made some adjustment to their times as well otherwise the announcement and the reaction should be at the same GMT time but they aren't
Money grows on the tree of persistence
  • #4
  • Jun 2, 2006 8:42pm Jun 2, 2006 8:42pm
Well, FF is correct (!!), because GMT is the time in London without the daylight savings time. It is a universal standard, so it doesn't use daylight savings time imho.

This site might help clarify things:
http://www.timeanddate.com/worldclock/city.html?n=136

At this moment of posting it reads:
Current timezaterdag, 3 juni 2006, 02:37:14 BST
and UTC/GMT Offset Standard time zone:No UTC/GMT offsetDaylight saving time:+1 hourCurrent time zone offset:UTC/GMT +1 hourTime zone abbreviation:BST - British Summer Time

So you see, the time in London is GMT + 1 hour. So the time indicated on the calender is correct although one easily thinks London time = GMT. Perhaps a warning of some sorts should be added, I don't know. Or perhaps better: A list of cities on the world with the corresponding GMT offset. I guess your charting software must be making the london time = GMT error or something, I don't know.

L.A.
  • #5
  • Edited 6:01am Jun 3, 2006 5:00am | Edited 6:01am
OK, I have been able to confirm that my feed from SBFX is two hours fast, that explains my problem.

Does any one know if it possible to alter the time displayed on the chart or can anyone give me a link to an MT4 supplier that uses GMT for the feed.

thanks
Money grows on the tree of persistence
  • #6
  • Edited 8:24am Jun 3, 2006 8:15am | Edited 8:24am
Quoting ozmacca
OK, I have been able to confirm that my feed from SBFX is two hours fast, that explains my problem.

Does any one know if it possible to alter the time displayed on the chart or can anyone give me a link to an MT4 supplier that uses GMT for the feed.

thanks
The NFP announcement was at 12:30 GMT on my Interbank Demo feed.

All times match up with the FF calender. London open at 07:00GMT etc... and so on.
Bundy's status today: "Waiting..."
  • #7
  • Jun 3, 2006 10:23am Jun 3, 2006 10:23am
I just use Zulu time and all confusion goes away.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #8
  • Jun 3, 2006 6:12pm Jun 3, 2006 6:12pm
It seems my complaint has alerted my data feed to the fact that their clock went nuts in the last update

As I am downunder, I mainly trade the Euro / UK open sessions.

It used to be that Euro was 1 hr ahead of UK, now, according to the site "World Market Hours" Euro is opening 2 hrs before UK.

Is this right, as I am fairly new at this I have not been through the "summer time" variations of the markets.

In relation to GMT, does Europe still open at 7.00 GMT and does the UK now open at 9.00 GMT.

If there have been changes, at what dates do the changes occur and when do they change back?

Thanks
Money grows on the tree of persistence
  • #9
  • Jun 3, 2006 6:44pm Jun 3, 2006 6:44pm
Quoting MrWhipple
I just use Zulu time and all confusion goes away.
LOL!
Relax and be happy.
  • #10
  • Jun 3, 2006 6:46pm Jun 3, 2006 6:46pm
Quoting ozmacca
Hi all,

As I live in Australia I am out of touch with the summer times "up there"

For example, on the FF calendar it says that NFP was to be announced at 12.30 GMT.

On my software the price "took off" at 14.30 GMT ( I am using SBFX MT4)

Even allowing for daylight saving adjustments, if both times quoted are GMT shouldn't the move and the announcement match up ?

Could someone tell me if they coincide on their software, maybe the clock is out on my MT4 feed.
hey did you notice that you can also select cities in the time zone selector on FF calendar? if you know you are same timezone as Auckland, you can select "Auckland, Wellington" from the dropdown, for example.
Relax and be happy.
  • #11
  • Edited 7:49pm Jun 3, 2006 7:19pm | Edited 7:49pm
From various sources I have put this together (hope it works).

To make this a complete record could someone tell me:

at what time GMT Europe is now opening, is it still 7.00 GMT or now 8.00 GMT.

at what time GMT is UK now opening, is it 8.00 GMT or now 9.00 GMT

at what time is US now opening, is it 1300 GMT or now 1400 GMT

Thanks
Attached File(s)
File Type: doc GLOBAL TIME CHANGES.doc   20 KB | 529 downloads
Money grows on the tree of persistence
  • #12
  • Jun 3, 2006 8:55pm Jun 3, 2006 8:55pm
Quoting ozmacca
From various sources I have put this together (hope it works).

To make this a complete record could someone tell me:

at what time GMT Europe is now opening, is it still 7.00 GMT or now 8.00 GMT.

at what time GMT is UK now opening, is it 8.00 GMT or now 9.00 GMT

at what time is US now opening, is it 1300 GMT or now 1400 GMT

Thanks
Check this out.

http://www.worldmarkethours.com/Fore...a.htm?12,0,1,1

On the left side of the screen, set up the mini display to "Show GMT Clock"
then click "Go"
For additional info, click "Details" on any of the regions. N.Am, Aus etc.
  • #13
  • Jun 3, 2006 9:02pm Jun 3, 2006 9:02pm
Hi Bemac,

been there, done that

All I would like is for someone to tell me what time Europe opens and UK opens in relation to GMT this coming week.

I realise it is usually Europe at 7.00 and UK at 8.00, but with summer time, are those opening times still correct?

On the "world market times" site it states that there is 2 hours between Europe opening(7.00) and UK opening(9.00) is this true ?
Money grows on the tree of persistence
  • #14
  • Jun 3, 2006 9:11pm Jun 3, 2006 9:11pm
In the Main Page, change the Mini Clock Display from "Countdown" to "Local"
Attached Image
  • #15
  • Jun 10, 2006 4:20am Jun 10, 2006 4:20am
Hi all,

Unfortunately, seems nobody can answer my question so I will give another example

Friday on the FF calendar, there were announcements in the US at 12.30 GMT and at 3.00 GMT.

On one feed I have a spike down at 14.30 GMT and the other feed spikes down at 13.30 GMT, neither of which ties in with the announcement timing.

Could someone in the US, not using SBFX or CMC feeds, tell me when the spike down happened and did it match with either of the announcement times.

Thanks

Macca
Money grows on the tree of persistence
  • #16
  • Edited 7:05am Jun 10, 2006 6:38am | Edited 7:05am
It's a bugger to work out mate.

Been there done that. Here's a pic that should help you get your bearings...

Includes another spike that you should be able to correlate with your chart.

EUR/USD on Friday 9th June 2006.
Attached Image
Bundy's status today: "Waiting..."
  • #17
  • Jun 11, 2006 4:34am Jun 11, 2006 4:34am
Hi Bundy,

My data feeds both say GMT but obviously they are not.

Tried a third data feed, it clearly says on chart GMT +1, then it all ties in OK.

Thanks for your help

Macca
Money grows on the tree of persistence
  • #18
  • Jun 11, 2006 5:18am Jun 11, 2006 5:18am
Your welcome.

I know how frustrating it is not having a solid idea of your chart's timezone.

Makes opens and news time easier to prepare for when you know, for sure.
Bundy's status today: "Waiting..."
  • #19
  • Jun 12, 2006 3:27am Jun 12, 2006 3:27am
Watch out now

Went and bought myself another clock !!!

This clock will be set to GMT ONLY ....................touch it and you die

Macca
Money grows on the tree of persistence
  • #20
  • Jun 12, 2006 8:20am Jun 12, 2006 8:20am
Quoting ozmacca
Watch out now

Went and bought myself another clock !!!

This clock will be set to GMT ONLY ....................touch it and you die

Macca
I know what you mean. I finally had to go down to wal-Mart and get a couple of cheap clocks and set one to GMT and one to Zulu time.
Nolite dormiens pungere ursum. -- Latan Proverb.
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