Time Differences for Trading

[Soes Bandit]

Hi Guys,

How do you UK traders deal with the time difference between us and the opening of the US Markets? Obviously there is a five hour difference between us and the opening of the NYSE. Has anyone found this to be an issue?

Cheers!

 

[malaguti]

Hi Guys,

How do you UK traders deal with the time difference between us and the opening of the US Markets? Obviously there is a five hour difference between us and the opening of the NYSE. Has anyone found this to be an issue?

Cheers!

Clearly not that obvious, where did you get 5 hours from
And why should that be an issue? You are either trading the symbol quoted on the LSE, or the one quoted on the NYSE. You can get a little movement just before as the bell opens but i've never been affected by it

 

[paszkman]

I was hoping this thread was going to be about "when should a 4H bar start?"

 

[Pat Riley]

I was hoping this was going to be about having a lie-in each day.

 

[Soes Bandit]

Hi Malaguti,

Sorry, what I mean is, if I wanted to trade the NYSE, this opens at 9.30 am EST. The time difference from the UK Is five hours - trading from 2.30 pm till late evening. When I ask if this is an issue. I wonder if UK traders still trade these hours or trade our markets. As you can appricate these are unsociable hours.

Thanks

 

[Pat Riley]

Unsociable hours? This has ta be a wind up.

 

[Pat Riley]

Let me try an add something helpful. What ya have is the benefit of gettin up at a reasonable hour and havin sufficient time ta compose yourself, if you're trading NYSE, NASDAQ.

Look for good/bad news. If after the first hour of trading, price is not showing any reaction to the news, fade it.

If you're in a bull market, prices open lower and head up during the day. In a bear market, they open higher and head down during the day.

Is that what yer lookin for?

 

[Soes Bandit]

It wasn't a wind up, it was actually a genuine question. I've been learning about trading for the last year or so now. I haven't actually traded yet, but I would like to soon. The opening hours for NYSE are 2.30-9.30pm GMT. If I were trade for the day, presuming no good set ups were found early on in the trading session, I would be working till late on after normal working hours (unsociable hours). Not that this would be a major issue as this is something I am very keen on. I just wondered if UK traders were more inclined to trade UK markets with our hours.

Thanks for the advise.

 

[Pat Riley]

It wasn't a wind up, it was actually a genuine question. I've been learning about trading for the last year or so now. I haven't actually traded yet, but I would like to soon. The opening hours for NYSE are 2.30-9.30pm GMT. If I were trade for the day, presuming no good set ups were found early on in the trading session, I would be working till late on after normal working hours (unsociable hours). Not that this would be a major issue as this is something I am very keen on. I just wondered if UK traders were more inclined to trade UK markets with our hours.

Thanks for the advise.

Forgive me playful terseness. It's just that if you've got a passion for the trade, there is no such thing as unsociable hours.

 

[Soes Bandit]

Forgive me playful terseness. It's just that if you've got a passion for the trade, there is no such thing as unsociable hours.

Yes, I guess your right!

 

[RadinSG]

Hi Guys,

How do you UK traders deal with the time difference between us and the opening of the US Markets? Obviously there is a five hour difference between us and the opening of the NYSE. Has anyone found this to be an issue?

Cheers!

Im trading from Singapore. I trade the Nikkei(7am-5pm here), Dax(3pm), Footie(3pm), Dow, NAsdaq(10pm-4am).

I trade every day because i have the passion to eek out a living and make my live a better one. For myself and making a difference to the betterment of others who are less fortunate. The hours don't matter really. I sometimes get so lost into it until i realise i need a break. Nevertheless, the rewards far outweigh the sacrifices once uve invested time, focus and determination.

 

[options-george]

Hi RadinSG, so do you set aside time for sleeping at some point? :cheesy:

I have been on the east coast of the US for the last fortnight - normally I trade from London and work around 7am-4pm, mainly trading forex. In effect I have ended up trading around 7am-noon local time here in the US and then spent the afternoon doing a bit of trading development work because the fx pairs that I watch are a lot quieter during the afternoon local time.

It's been an interesting experience trading out of a different time zone for a couple of weeks. (though it hasn't exactly been producing stellar returns!)

 

[RadinSG]

Hi RadinSG, so do you set aside time for sleeping at some point? :cheesy:

I have been on the east coast of the US for the last fortnight - normally I trade from London and work around 7am-4pm, mainly trading forex. In effect I have ended up trading around 7am-noon local time here in the US and then spent the afternoon doing a bit of trading development work because the fx pairs that I watch are a lot quieter during the afternoon local time.

It's been an interesting experience trading out of a different time zone for a couple of weeks. (though it hasn't exactly been producing stellar returns!)

Aloha options-george!

To answer your question, i do take breaks especially when the market is choppy or sideways. Ive a sofa bead in my study where i trade on my triple monitor setup . Should i get buttache for time to time, ill lie down in the comfort of the sofa and monitor and surf from the comfort of my wireless keyboard n ipad.

Trading out of a different timezone takes some aclimatizing for me especially if the adjustment is more than a few hours. I do get edgy and have a tendency to chase the market if the change is drastic or if the weather is extremely humid or cold.

Its been a stellar couple of weeks of positive trading with today being the exception. had 3 hits and 7 misses that had to be rollover trades .

Nice blog by the way!!

 

[abinandan]

hii guys .....
i think Time Differences for Trading is very important for smooth trading........