Time Zone question...

[Janna2012]

Hi all,

Having a bit of a dilemma in setting up my account. My broker is Alpari U.S. and I want to set up my begin and end times to coincide with GMT for London Forex. Does anyone use the Forex Morning Trade system with Alpari U.S.? If you do, could you please share your begin and end times that you use for your trades and what time zone you are in. I am in the Central Time Zone in the U.S. Mark Fric explained this to me in an email, but it is still not getting through this hard head of mine.

Any help would be appreciated from this newbie.

Thanks!
Janna

 

[Bint_Crusher]

2 hrs behind GMT.

 

[Janna2012]

2 hrs behind GMT.

Thanks so much, Bint!!!

 

[thewhizkid]

Hi all,

Having a bit of a dilemma in setting up my account. My broker is Alpari U.S. and I want to set up my begin and end times to coincide with GMT for London Forex. Does anyone use the Forex Morning Trade system with Alpari U.S.? If you do, could you please share your begin and end times that you use for your trades and what time zone you are in. I am in the Central Time Zone in the U.S. Mark Fric explained this to me in an email, but it is still not getting through this hard head of mine.

Any help would be appreciated from this newbie.

Thanks!
Janna

Does it matter much which time zone you set up the charts for?

 

[Bint_Crusher]

Does it matter much which time zone you set up the charts for?

The most liquid time to trade currencies is the UK opening and the US opening. If you are using classic pivots as a trading target then you also have to take into account the US closing which as a rule of thumb is 2 hrs behind GMT. Take it or leave it chaps.

 

[thewhizkid]

OK sure but can't you establish a pivot series based on any time of day?

 

[Bint_Crusher]

OK sure but can't you establish a pivot series based on any time of day?

High +Low+Close Divided by 3 gives you the mid pivot. Take the Close as the US close 10pm.