Who is up at 3am EST to trade? | Forex Factory

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Who is up at 3am EST to trade?

  • #1
  • First Post: Jul 17, 2006 7:38am Jul 17, 2006 7:38am
I've noticed that a lot of big market moves happen while I'm asleep (CST), typically around 3-4am EST.

This is frustrating, because I see numerous pairs making major moves during this time.

Who here gets up in the early hours to trade this time frame? How else do you deal with moves during these hours? I've read the best times to trade are at 3-4 AM EST and 8-12EST. Problem is, if the moves start during the first period, they don't really seem to alter during the second...

Any thoughts?

J
  • #2
  • Jul 17, 2006 8:04am Jul 17, 2006 8:04am
Move to UK!
  • #3
  • Jul 17, 2006 8:13am Jul 17, 2006 8:13am
Use an alarm clock. Mine works fine.
  • #4
  • Jul 17, 2006 8:16am Jul 17, 2006 8:16am
Move to Hawaii!!!!
  • #5
  • Jul 17, 2006 8:27am Jul 17, 2006 8:27am
I noticed that 70% of european market session is moved from the british...
London mostly lives on speculation... a local economy with real material foundamentals !!

fortunatly I live in Europe and can trade in the morning CET time which I think togheter with the US open session time 2:30 CET are the only good times

waking up at 3 in the morning will destroy your life...is not a good way I guess
  • #6
  • Jul 17, 2006 8:27am Jul 17, 2006 8:27am
Quoting jlowder
I've noticed that a lot of big market moves happen while I'm asleep (CST), typically around 3-4am EST.

This is frustrating, because I see numerous pairs making major moves during this time.

Who here gets up in the early hours to trade this time frame? How else do you deal with moves during these hours? I've read the best times to trade are at 3-4 AM EST and 8-12EST. Problem is, if the moves start during the first period, they don't really seem to alter during the second...

Any thoughts?

J
Please forward 10,000 in Sterling and your trading plan and I'll put your trades on for you (less 10% commission)

Peter
(Apologies, I know you're looking for serious answers)
  • #7
  • Jul 17, 2006 8:32am Jul 17, 2006 8:32am
This is the way I do that sometimes. I live in the central time zone US so the London open, which you are referring to, for me opens at 2am my time, even worse. Depeding on how you trade (what your system is) delegates how long you need to be 'awake' for. My alarm is set for about 1:50am. I get up, check the charts, put an order in (if I 'see' something) with a stop and limit order and go back to bed. I have no alerts set to wake me back up for anything. If my stop or limit is hit, the trade is over. I'm up for no more than 20 minutes I guess. There have been times when I would watch for something to happen before entering. I found this to be not 'healthy' for me during the day. Since my 'regular job' gets me to work from about 7am to 3:30pm there were times when I was dead tired while at work because of staying up. So, to reduce those effects I use a take profit zone and stop loss which lets me go back to sleep. It's true that one of the best times to trade the London session is very early so you have to trade accordingly if you have one of those mundane jobs that you have to go to.

Hope this helps...
  • #8
  • Jul 17, 2006 9:12am Jul 17, 2006 9:12am
In the current state of Daylights savings times:

London opens at 5pm over here (Australia).

NewYork opens at 10pm.

...Im just about to go to bed now, just after midnight.

Market seems to have gone quiet. Up 77 Pips.

Good evenings work! LLLLLLLLLLLLLLLLLLLLLuvin' it!!!
Bundy's status today: "Waiting..."
  • #9
  • Jul 17, 2006 9:41am Jul 17, 2006 9:41am
I dont do it every night, but around 2-3 times a week, I trade the UK session, and Im in EST.
  • #10
  • Jul 17, 2006 9:45am Jul 17, 2006 9:45am
I get up everynight at 02:00 ET I trade until about 11:00 ET. I have done this for over three years now and it works great for me. I however have never slept more than 4 hours a night so it is no big deal.

To stay in my schedule, I even get up near this time on the weekends...

It's like I am living 2 lifetimes. LOL Scott
  • #11
  • Jul 17, 2006 9:48am Jul 17, 2006 9:48am
Quoting jlowder
I've noticed that a lot of big market moves happen while I'm asleep (CST), typically around 3-4am EST.

This is frustrating, because I see numerous pairs making major moves during this time.

Who here gets up in the early hours to trade this time frame? How else do you deal with moves during these hours? I've read the best times to trade are at 3-4 AM EST and 8-12EST. Problem is, if the moves start during the first period, they don't really seem to alter during the second...

Any thoughts?

J
Trade charts with large timeframes. I trade daily charts and higher.
  • #12
  • Jul 17, 2006 9:58am Jul 17, 2006 9:58am
I do what Palmer does. I'm on EST time, though, like you.

Early on, I had a problem with waking up that I solved. My trading plan called for me to move my stops to B/E after +10 pips, then takeout profit at various points. I was hesitant to make trades and then go back to sleep. Then, I created an expert that moves my stops as needed and takes out profit. In essence, I created an expert to manage my trade once I'm in it. So, I wake up and check the charts. If I have a valid signal, I set a buy or sell stop order, enable my expert, then go back to bed and wake up in time for the US open. On rare occassion, I stay up during the whole session. My body has become quite accustomed to this as yours would, too.

Regards,

stockwet
  • #13
  • Jul 17, 2006 10:14am Jul 17, 2006 10:14am
I sleep at 8 pm and wake up at 1a-2a and trade till midday. I take naps when its slow- around 5-7 am (depends on the incoming news) When I was working full time I still woke up at 2 a, traded till I left for work around 7:00 am. Though I went home around 5-6pm I was pretty refreshed all day since I got rid of my morning blues long before I head to work.

What helped me was a regular sleeping pattern. When that goes out of wack then I am tired like a dog!
  • #14
  • Jul 17, 2006 10:33am Jul 17, 2006 10:33am
Quoting gdf1953
Use an alarm clock. Mine works fine.
Yeah, except my wife is a light sleeper. She'd love that. Ever been married to a red head? :-)

I need a watch with a vibrating alarm....
  • #15
  • Jul 17, 2006 10:34am Jul 17, 2006 10:34am
Quoting MoneyMa$ter
Move to Hawaii!!!!
Got to make the cash first, then that might not be so bad..
  • #16
  • Jul 17, 2006 10:36am Jul 17, 2006 10:36am
Quoting stockwet
I do what Palmer does. I'm on EST time, though, like you.

Early on, I had a problem with waking up that I solved. My trading plan called for me to move my stops to B/E after +10 pips, then takeout profit at various points. I was hesitant to make trades and then go back to sleep. Then, I created an expert that moves my stops as needed and takes out profit. In essence, I created an expert to manage my trade once I'm in it. So, I wake up and check the charts. If I have a valid signal, I set a buy or sell stop order, enable my expert, then go back to bed and wake up in time for the US open. On rare occassion, I stay up during the whole session. My body has become quite accustomed to this as yours would, too.

Regards,

stockwet
This idea I like. Any chance of my begging, bribing or otherwise convincing you to share that EA?

J
  • #17
  • Jul 17, 2006 11:49am Jul 17, 2006 11:49am
Quoting jlowder
Yeah, except my wife is a light sleeper. She'd love that. Ever been married to a red head? :-)

I need a watch with a vibrating alarm....

LOL, then your wife REALLY wouldn't mind you waking up in the middle of the night....
  • #18
  • Jul 17, 2006 12:38pm Jul 17, 2006 12:38pm
Quoting PeterFM
Please forward 10,000 in Sterling and your trading plan and I'll put your trades on for you (less 10% commission)

Peter
(Apologies, I know you're looking for serious answers)
Hey Pete,
You may want to add "On Profitable Trades Only" :
  • #19
  • Jul 17, 2006 12:42pm Jul 17, 2006 12:42pm
Quoting jlowder
Yeah, except my wife is a light sleeper. She'd love that. Ever been married to a red head? :-)

I need a watch with a vibrating alarm....
for the last 25 years and I'm lovin it[her].
  • #20
  • Jul 17, 2006 4:07pm Jul 17, 2006 4:07pm
Quoting jlowder
This idea I like. Any chance of my begging, bribing or otherwise convincing you to share that EA?

J
It's already posted on this forum, I think. I'll take a look and update the thread with the newest code.
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