₦airaland Forum

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IAmHim1:
no advertisment here of any kind. This is the only warning i'll issue

Bro continue the lecture...

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IAmHim1:
TIME (Part 1)

ALL financial markets(crypto, bonds, synthetic deriv, forex, futures) run on TIME and PRICE

its TIME first before PRICE. and time are all categorised into

1) True day opening(Midnight Newyork to midnight Newyork)

2) Trading sessions ( Asian session, london session, Newyork session)

3) Silver Bullet

4) Time Macros



Come to think of it really


A trader in Ngeria opens his charts and see an opening price for the day
Another trader in germany opens his charts and see a DIFFERENT opening price for the day
Another trader in norway opens his charts and see another different opening price for the day
same thing happens to a trader in Paris: he/she opens his/her charts and see a different opening time for the day compared to the Nigerian trader and German

So you ask yourself: What is the markets trying to hide so bad. why is the real opening price SOO important

Isnt there a universal daily opening time for all traders. Because let me tell you this its gonna cause lots of confusion for all traders since price accumulates below the open BEFORE buying for a bullish day and price accumulate orders above the open BEFORE going selling for a bearish day. so how do we know where price is accumulating when we dont even know the REAL opening price for the day huh

Guess what

Yes, there is a universal Trading time for all traders and you want to know when it starts right

NEW YORK TIME

New york time is the universal opening time FOR ALL ASSET CLASS be it bonds, forex, Indices like nasdaq, SnP et cetera you name it

Find out what the Midnight time( 0:00) is in New York now and callibrate it to you charts

You can do that in trading view web version not necessarily the app

New york time, Midnight to Midnight is the beginning and close of All asset classes

Price accumulates below the open at midnight, Newyork time before buying and price accumulates above the open at Midnight, Newyork time before selling

another A-ha! moment right there

I feel like kissing you for this post. I have been observing charts and patterns for the past two months and I came to a similar conclusion just this Monday (two days ago). You see, I place a trade and price did not move until the New York session. I looked at past performance on trading view and realised that it always moves well during the time the New Yorkers are awake and active.

IAmHim1:
The New york midnight time, which is the Real open time of all asset class be it bonds, crypto, stocks, futures, deriv synthetic is subject to daylight savings

The picture i posted up, you could see it was UTC--5 as the newyork time

now Guesss what

as of the time of this writing, its UTC-4
So its important to always calibrate and confirm your trading time is set to new york for better analysis so you dont get left behind in market moves
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in this picture posted, this is the normal time for deriv synthetic pairs. This is the time deriv WANTS you and all traders to see. But its the wrong time. Its the false open time

To get the real open time deriv and all other brokers doesnt want you to know, callibrate your open to midnight newyork time

You can't adjust time settings on Metatrader .

IAmHim1:
Yes you can

on metatrader, FIRST cancel out period seperators and then use the red vertical line and place it on the candle that begins the open AFTER confirming with trading view New york midnight open

use two vertical red lines. the first redline at 0:00 Newyork time, which is deriv 4:00 am
and another one at New york midnight which is deriv 4:00 AGAIN

so 4:00am to 4:00am deriv time is Newyork midnight to midnight

set it yourself and see

This is a work around. And you must do this everyday. The actual time settings on the platform cannot be adjusted. But I am truly curious as to why it cannot be done.

New York Midnight time is 5am Nigeria time?

yetown:
New York Midnight time is 5am Nigeria time?

If you factor in day light saving time, then it's 4am

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IAmHim1:
TIME (Part 1)

ALL financial markets(crypto, bonds, synthetic deriv, forex, futures) run on TIME and PRICE

its TIME first before PRICE. and time are all categorised into

1) True day opening(Midnight Newyork to midnight Newyork)

2) Trading sessions ( Asian session, london session, Newyork session)

3) Silver Bullet

4) Time Macros



Come to think of it really


A trader in Ngeria opens his charts and see an opening price for the day
Another trader in germany opens his charts and see a DIFFERENT opening price for the day
Another trader in norway opens his charts and see another different opening price for the day
same thing happens to a trader in Paris: he/she opens his/her charts and see a different opening time for the day compared to the Nigerian trader and German

So you ask yourself: What is the markets trying to hide so bad. why is the real opening price SOO important

Isnt there a universal daily opening time for all traders. Because let me tell you this its gonna cause lots of confusion for all traders since price accumulates below the open BEFORE buying for a bullish day and price accumulate orders above the open BEFORE going selling for a bearish day. so how do we know where price is accumulating when we dont even know the REAL opening price for the day huh

Guess what

Yes, there is a universal Trading time for all traders and you want to know when it starts right

NEW YORK TIME

New york time is the universal opening time FOR ALL ASSET CLASS be it bonds, forex, Indices like nasdaq, SnP et cetera you name it

Find out what the Midnight time( 0:00) is in New York now and callibrate it to you charts

You can do that in trading view web version not necessarily the app

New york time, Midnight to Midnight is the beginning and close of All asset classes

Price accumulates below the open at midnight, Newyork time before buying and price accumulates above the open at Midnight, Newyork time before selling

another A-ha! moment right there

Boss just going through what you wrote here sir.

On the Trading View App, New York is UTC-4, but from the picture you posted it is UTC-5!!!!

😱😱😱😱😱

Sir, as at the Time of typing this comment sir.

Trading View on Gold hasn't entered Friday ooo.

It's still on Thursday sir

Look at my comments earlier.

It's at UTC-4.

How can I rectify this sir??