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  • The Self Made Q&A Round: Why do I use Eastern Time (GMT -05:00) base, 4 hour candle close for tradin




    Q. Why do I use Eastern Time (GMT -05:00) base, 4 hour candle close for trading purposes.

    A. I will give you an answer in a point wise:
      (a) 4 hour means 1/6 time value of the day and it’s not a small time for calculation.
      (b) As a trader, every one watch closing prices of the candle that means trading
          psychology.
      (c) I think, after day candle, four hour candle is a most viewed candle.
      (d) Above ABC points are just for fun.

      Actually, I used Eastern Time (GMT -05:00) base, 4 hour candle close for trading
      proposes because it closes segment point.

      Look at the picture: Picture courtesy: goldprice.orgPicture courtesy: goldprice.org

      At 04:00 just after the London Market open and before Hongkong Market close.
      At 08:00 just before Comex open and mid time of London Market.
      At 12:00 just after London Market close and before Comex close.
      At 16:00 all the major markets are closed,
      At 20:00 just before Hongkong Market open and mid time of Sydney Market,
      At 24:00 Sydney Market close and mid time of Hongkong Market.
              day close and another day open.
             
      For more information: Picture courtesy: kitco.comPicture courtesy: kitco.com

    If you have any other point of view then please secretly tell me. Okay, write down on
    comment box.


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