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General FapTurbo Questions and Discussion This is the primary board for discussing subject matter related to the FapTurbo EA

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  #1  
Old 04-20-2009, 03:16 PM
Craig BC Craig BC is offline
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Default Market hours

I've been looking at the hours the market is open

http://forex.timezoneconverter.com/index.cgi

And I'm a little confused. It shows that there are no markets open for the first 2 hours of the fapturbo trading.

Or am I reading this wrong?
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  #2  
Old 04-20-2009, 03:28 PM
Schindawg Schindawg is offline
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Default

Quote:
Originally Posted by Craig BC View Post
I've been looking at the hours the market is open

http://forex.timezoneconverter.com/index.cgi

And I'm a little confused. It shows that there are no markets open for the first 2 hours of the fapturbo trading.

Or am I reading this wrong?
Forex is 24/5 trading. This link should make it clearer: http://www.forexmarkethours.com/

Hope that helps!
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  #3  
Old 04-20-2009, 03:44 PM
Craig BC Craig BC is offline
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Default

Quote:
Originally Posted by Schindawg View Post
Forex is 24/5 trading. This link should make it clearer: http://www.forexmarkethours.com/

Hope that helps!
One of these websites is wrong, because the one you sent shows the Sydney market opening right after the New York close
But the one I had shows the Sydney market does not open for another 2 hours after the New York market closes.
I know I have seen times when one closes just as the other opens.
But I think that was before Daylight saving time.
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  #4  
Old 04-20-2009, 04:26 PM
Schindawg Schindawg is offline
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Default

Quote:
Originally Posted by Craig BC View Post
One of these websites is wrong, because the one you sent shows the Sydney market opening right after the New York close
But the one I had shows the Sydney market does not open for another 2 hours after the New York market closes.
I know I have seen times when one closes just as the other opens.
But I think that was before Daylight saving time.
Well, forex is open continuously, 24-hrs/day, 5 days/week. No breaks between different sessions. I'd wager quite a bit that your site is wrong.
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  #5  
Old 04-20-2009, 04:45 PM
Craig BC Craig BC is offline
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Default

Quote:
Originally Posted by Schindawg View Post
Well, forex is open continuously, 24-hrs/day, 5 days/week. No breaks between different sessions. I'd wager quite a bit that your site is wrong.
You are probably right, but I really don't think the Sydney market cares if it is 24 hour trading, it opens at its normal time and closes at its normal time, and if that does not cover the 24 hours, I don't think they care.
Also I've noticed a lot more activity with fapturbo in the last 2 hours of trading than in the first 2.
In fact most of my trades have been in the last hour. I know it is probably more risky then, but that is when they seem to open more.
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  #6  
Old 04-21-2009, 09:17 AM
Simmo Simmo is offline
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Default

Quote:
Originally Posted by Craig BC View Post
I've been looking at the hours the market is open

http://forex.timezoneconverter.com/index.cgi

And I'm a little confused. It shows that there are no markets open for the first 2 hours of the fapturbo trading.

Or am I reading this wrong?
Hi Craig

Try uising this handy tool I found

http://www.forexautopilotforum.com/s...ead.php?t=3043
__________________
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http://simmo.mt4stats.com/


---------------------------------------------------
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  #7  
Old 05-03-2009, 09:51 AM
Craig BC Craig BC is offline
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Default

I'm sorry guys, this is not making sense, I'm getting different times from different sites.
Now does the Sydney market open at 8 am, or 7 am
And does the New York market close at 4 or 5 pm
Because the only way this is completely covered is if NY closes at 5 and Sydney opens at 7 am. (5 pm NY = 7 am Sydney)
I don't think it does. I think the problem is Daylight saving time. In the fall and winter you will find there is no gap between the markets.
It would also explain the low volume in the first hour or 2 of fapturbo trading. And the very few trades during that time.
Most of my trades in the last couple of weeks were in the last 2 hours of fapturbo trading.
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