Hello. My name is Maurice Tindall, late (very late) of Leicester UK and now in Adelaide, Australia.
I am new to this scene and would like to try my hand at spread trading the indices, FTSE, Aust200,and whatever else is available on IgIndex. Have done some reading up on this and related websites, finally gravitating to T2W which appears to have a head and shoulders top above the others.
My immediate concern is time zones. Adelaide is 10 and a half hours ahead of GMT.
If I were to start trading at say 8.30 am GMT (7.00 pm here) would the FTSE chart I see here be exactly the same one as would be seen by someone in the UK watching the same chart - and using the same broker of course?
I would have assumed so but I have been told that this is not, or may not, be the case. It appears that it would depend on the kind of chart - 5min, 10min, 1hour etc.
I ask this because I am attracted to candlestick charts using mainly pin bars on 1 5min chart and I wouldn't want to base a trade on a pin bar that was only visible on my site.
I hope I have made myself reasonably clear and my appreciation and thanks for any help.
Maurice
I am new to this scene and would like to try my hand at spread trading the indices, FTSE, Aust200,and whatever else is available on IgIndex. Have done some reading up on this and related websites, finally gravitating to T2W which appears to have a head and shoulders top above the others.
My immediate concern is time zones. Adelaide is 10 and a half hours ahead of GMT.
If I were to start trading at say 8.30 am GMT (7.00 pm here) would the FTSE chart I see here be exactly the same one as would be seen by someone in the UK watching the same chart - and using the same broker of course?
I would have assumed so but I have been told that this is not, or may not, be the case. It appears that it would depend on the kind of chart - 5min, 10min, 1hour etc.
I ask this because I am attracted to candlestick charts using mainly pin bars on 1 5min chart and I wouldn't want to base a trade on a pin bar that was only visible on my site.
I hope I have made myself reasonably clear and my appreciation and thanks for any help.
Maurice