Best time to make daily trading decision

[Philip]

In my part of the world (Oz), my daily candle closes at 0900 local time, which is GMT +2. So I'm trying to understand the best time to make a decision if I'm trading the daily charts.

I was thinking that for the AUD, NZD and JPY pairs, I could make a decision say an hour after the respective markets open, but for the European pairs, wait for the London market to open later in the day. I don't trade the US session in our summer as it doesn't open until midnight.

Any advice you can offer would be appreciated.

Regards

Philip

Current temperature is 27.8C

[zion]

Hi Philip
I'm from land of OZ (Melbourne). I usually check the markets at 7am (non daylight saving time). 8am is the beginning of the daily charts.

[traderethan]

I am from Hong Kong and I usually check the daily chart at GMT 00:00.