Time change reminder --- September / October / November 2017

Trading Discussion
1

Over the next 6 weeks, various countries will begin (or end) Daylight Saving Time (DST), turning their clocks forward (or back, as the case may be) — and, in the process, shifting their trading session times (forward or back) by one hour. This drawn-out process begins each year around the time of the Fall Equinox in late September.

Then, in the Spring of 2018, all these time changes will be reversed on various dates, roughly around the time of the Spring Equinox (in late March).

If the countries of the world had the good sense to coordinate with one another, and make all these changes on the same date, it would certainly be helpful to forex traders around the world, and to anyone else trading world markets.

But unfortunately, that good sense eludes the Masters of the Universe who run our countries.

As a result, we have to contend with time changes on 3 different dates (instead of just one) in the Spring, and on 4 different dates (instead of just one) in the Fall.

We have been tracking these time changes for several years, and by now you all know how to make the necessary adjustments in your trading. All you need is a schedule of the changes which are coming.

Here’s the schedule:

[B]Daylight Saving Time Changes for September-November 2017 in the major forex markets[/B]

  • September 24 — New Zealand will begin Daylight Saving Time (DST)

  • October 1 — southeastern Australia (Sydney, Melbourne, Canberra, etc.) will begin DST

  • October 29 — the U.K. and eastern, central and western Europe will return to Standard Time

  • November 5 — the U.S. and Canada will return to Standard Time

[B]Daylight Saving Time Changes in other markets[/B]

  • October 15 — Brazil will begin DST

  • October 29 — Ireland, and most of Mexico will return to Standard Time

[B]Significant markets which do not observe Daylight Saving Time[/B]

  • Singapore, Hong Kong, Japan, Korea, China, Taiwan, Philippines, Malaysia, Indonesia,
    India, Russia, and South Africa

See post #2 for details of the time change which will occur in New Zealand this weekend.

2 Likes
2

[B]On Sunday, September 24, New Zealand will begin Daylight Saving Time.[/B]

  • In New Zealand, the time zone will change from GMT+12 to GMT+13.

Clocks in New Zealand will be turned forward by one hour, prior to the opening of the forex market on Monday morning, September 25.

The next Daylight Saving Time change will occur in one week, when s.e. Australia will begin DST.

3

As a reminder. The Palatial Viper Ranch And Estate never goes to DST. “We bow to no man” :grin:

The Never Bowing VIPER

1 Like
4

The best suggestion I have ever seen comes from forum member HyperScalper, an active participant on the “Going Offshore …” thread. He uses Ouagadougou Time, and suggests that the rest of the world convert to this time zone, as well.

Ouagadougou (pronounced wah’-gah-doo’-goo) Time is always Standard Time — none of that Daylight Saving Time foolishness.

GMT happens to coincide with Ouagadougou Time, but that’s pure coincidence – in the same way that the purported start/end of the forex trading day (5 pm New York time) just happens to coincide with the true start/end of the forex trading day (midnight at Castle Dracula in Transylvania).

Support Ouagadougou Time.

Buy this bumper-sticker and display it proudly on your pick-up truck —

OUAGADOUGOU TIME FOR ALL

3 Likes
5

Many thanks Clint, driving through a very scenic part of Ireland today, my other and better half commented on the appearance of the autumn colours, first thing sprung to mind was when do they change the time.

That thought now answered.

1 Like
6

Oh, just in case you US guys think of rural Ireland, leafy lanes, olde worlde colours, life in the slow lane.

It’s just a myth, we were viewing the colours from this - in the fast lane - money to be made.

2 Likes
7

Ok P, where are the Leprechauns, oh yeah, and that pot’o gold.

The Ever Wondering VIPER

8

The Leprechauns are what we sell to the ever gullible.

The pot of gold? - that pot is never handed to the seeker, he has to go out and earn it.

2 Likes
9

Thanks Clint,

You’re a true help!

Norm

10

[B]On Sunday, October 1, southeastern Australia will begin Daylight Saving Time.[/B]

The region referred to as “southeastern Australia” comprises the states of [B]New South Wales[/B] (Sydney, etc.), [B]Victoria[/B] (Melbourne, etc.), [B]Australian Capital Territory - ACT[/B] (Canberra, etc.), [B]South Australia[/B] (Adelaide, etc.), and the island of [B]Tasmania[/B] (Hobart, etc.). Geographically, southeastern Australia comprises a little less than a third of the Australian continent.

  • In New South Wales, Victoria, ACT, and Tasmania the time-zone will change this weekend
    from GMT+10 to GMT+11.

  • In South Australia, the time-zone will change from GMT+9½ to GMT+10½.

Clocks in these states will be turned forward by one hour, prior to the opening of the forex market on Monday morning, October 2.

  • The states of [B]Queensland[/B] (Brisbane, etc.), [B]Northern Territory[/B] (Darwin, etc.), and
    [B]Western Australia[/B] (Perth, etc.) do not observe Daylight Saving Time.

The next Daylight Saving Time change will occur in 4 weeks, at which time the U.K. and Europe
will end Summer Time (DST) and will return to Standard Time.

1 Like
11

Thanks Clint… you da man!

12

On Sunday, October 29, the U.K., Ireland, and all of eastern, central and western Europe will end Summer Time (Daylight Saving Time) and return to Standard Time. This time change will involve every country situated between the Russian border and the Atlantic Ocean, except Belarus.

[U]Listed geographically, from east to west[/U] —

• In eastern Europe (Finland, Ukraine, Romania, Bulgaria, Greece, Turkey, Cyprus, etc.),
the time zone will change from GMT+3 to GMT+2.

• In central Europe (28 countries from Serbia west to Spain, and from Sweden south to Malta),
the time zone will change from GMT+2 to GMT+1.

• In western Europe (Portugal), and in the U.K. (including the Channel Islands), and in Ireland,
the time zone will change from GMT+1 to GMT.

Clocks in all of these countries will be turned back one hour, prior to the opening of the forex market on Monday morning, October 30.

Traders in the U.S. and Canada who trade the European or London Sessions, and traders in the U.K. and Europe who trade the New York Session, should be aware that the usual 5-hour time difference between London and New York will be reduced to 4 hours, for one week, starting Sunday morning.

The last Daylight Saving Time change for this season will occur on November 5, at which time the U.S. and Canada will end DST and will return to Standard Time.

3 Likes
13

On Sunday, November 5, the U.S. and Canada will end Daylight Saving Time (DST) and will return to Standard Time.

Five time zones in the U.S. (including Alaska), and seven time zones in Canada (including the maritime provinces of New Brunswick, Nova Scotia, and Newfoundland), will be affected by this time change.

In the eastern U.S. and Canada, which includes the key New York market, the time zone will change from GMT-4 to GMT-5.

Clocks in the U.S. and Canada will be turned back one hour prior to the opening of the forex market on Monday morning, November 6. [This statement does not apply to Arizona and Hawaii in the U.S., or to most of Saskatchewan, various portions of British Columbia, and small portions of Quebec and Ontario in Canada. Those places do not observe DST.]

The change occurring on November 5 will restore the time difference between London and New York to 5 hours (which is the normal time difference for most of the year).

This is the last Daylight Saving Time change for this season.

In 2018, the first Daylight Saving Time change (in a major market) will occur on Sunday,
March 11, 2018.

Session times for the 4 daily forex trading sessions will be as follows, from now until March –

Study - session times - E6.png1039×539 29 KB

1 Like