MoneyTec Traders Community Forum - View Single Post - Which time zone for pivot point calculation?

mishak · 23-02-2005, 04:04

Really doesn't matter because forex market is trading 24H and you may choose any point for the beginning of your 24H cycle.

The closing of North American market is usually considered to end of the "global" day. It happens at 21 (22) GMT = 16 (17) EST.

The simpliest way is to use the time when your broker closes the daily candle on his chart.

23-02-2005, 04:04	#3
mishak old hand Join Date: Oct 2003 Posts: 1,066 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Which time zone for pivot point calculation? Really doesn't matter because forex market is trading 24H and you may choose any point for the beginning of your 24H cycle. The closing of North American market is usually considered to end of the "global" day. It happens at 21 (22) GMT = 16 (17) EST. The simpliest way is to use the time when your broker closes the daily candle on his chart. __________________ Take Care and Have Fun