Time zone / market zone indicator for forex trading
Looking for a Time zone indicator, that highlights the various opening markets on the chart, I did down load one but can't find it in the forum anymore. it highlighted the background in various colors
looking at transitioning to the 6E
in Australia just can't do the US anymore
1. Top right of page, click search.
2. Click attachments.
3. Keyword: timezone
I believe that is what you are looking for.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
This post has been selected as an answer to the original posters question
What is tricky is that the session actually shift depending on daylight savings rules. While the London - New York relationship is mostly stable, the London session will move closer to the Tokyo session end of March. Tokyo has no daylight savings schedule.
It is therefore the question how the Tokyo and London traders adjust to the changes. I have always found volume to be a good indicator to tell me when the markets are open. So let us look what happens in winter and what happens in summer.
The chart below shows the current situation. If London traders want to deal with their Tokyo counter parts, they have to start working at 7:00 AM BST. Pretty unpleasant in winter. But if you look at volume that is what probably happens.
I prefer to define the time zones in TST, BST and EST to take into account the daylight savings schedules. If you set it up all in EST, then it may not work correctly.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
The following 3 users say Thank You to Fat Tails for this post: