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 Post subject: What timezone?
PostPosted: Tue Dec 15, 2009 8:15 am 
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Joined: Tue Sep 22, 2009 5:12 pm
Posts: 126
Location: Poland
Hi Vahid,

You write that there is no diffrence what session (London, New York, Tokyo ...) we use for analysing Forex.

Look at my broker`s charst and FX-pro charts.

Our last position NZD/USD.

If NZD/USD closed now, on FX-Pro the closing price would be below the Bollinger Middle Band but on my chart above. Big diffrence I think.


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 Post subject: Re: What timezone?
PostPosted: Tue Dec 15, 2009 8:59 am 
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Joined: Mon Aug 31, 2009 7:38 am
Posts: 692
This is not a timezone issue, but more to do with broker server time.
As far as I understand, the markets close at 10PM GMT on Fridays (and everyday) and that is why FXPro is GMT +2, so that midnight coincides with the daily close.
A futures market opens at 19:00 GMT on Sunday, but us mere mortals cannot trade this market Until 22:00 OR 23:00 with other platforms.
There was a problem a while back with FXPro daily charts including a 1 hour candle, but that is now resolved.
I have to say that FXPro is probably the most accurate " Timezone"


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 Post subject: Re: What timezone?
PostPosted: Tue Dec 15, 2009 1:03 pm 
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Joined: Sat Jul 04, 2009 9:07 pm
Posts: 1250
Hi Any,

This is the time difference between the brokers' servers (as Keith also indicated) and it has nothing to do with the trading sessions.

However, even the brokers time difference doesn't make any problem because the support/resistance lines are still the same. Their positions is just a little different on the charts.

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 Post subject: Re: What timezone?
PostPosted: Wed Dec 16, 2009 3:51 pm 
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Joined: Tue Sep 22, 2009 5:12 pm
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Location: Poland
Thanks Keith and Vahid

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