6/7/ · Pacific Timings are 2 a.m., 6 a.m., and 10 a.m. or p.m., although Central hours are is 4 a.m., 8 a.m. & 12 a.m. or p.m. Forex 4 Hour Chart Strategy based on Moving Average. Forex 4 hour chart strategy using Moving average is based on pullback strategy There is a great blog post on the Forex4Noobs website which offers some insights as far as using the 8 hour time frame for forex price action trading. For those of you using the MT4 platform the blog also provides a great indicator that you can download to allow you to Metatrader 8 Hour Chart | Forex Factory
Trading on the 8 Hour Charts | My Forex Trading Blog
I have written a lot about eight hour charts recently as they are now my favorite time frame. Unfortunately, most people cannot access 8 hour charts. There is an MT4 indicator that can create the charts, but it is buggy, forex 8 hour chart strategy. MetaTrader 5 comes with 8 hour charts by default, but many brokers do not support it. Most advanced course users are now using MT5 to trade or for charting. The image below shows the trades I took. Daily charts are good, but their main drawback is the lack of trades.
Four hour charts are great too, but you need to check them more often than daily charts. Eight hour charts provide a lot of trades, forex 8 hour chart strategy, but you do not need to check them often.
This is why I love trading eight hour charts. If I am busy I only need to take a glance at the charts every eight hours. It is rare that I miss a trade on the eight hour charts. Eight hour charts are also smoother than four hour charts. So when it comes to trading price action, eight hour charts are easier.
If you want to learn about eight hour charts please leave a comment below. If enough people show interest I will start sharing some eight hour chart tips. Your email forex 8 hour chart strategy will not be published. You can use a MT5 as demo and place trades on your MT4 account I suppose. Sign me up. I forex 8 hour chart strategy the indicator in the post.
Forex 8 hour chart strategy, it is buggy an it does not work for a lot of people. Nick, forex 8 hour chart strategy, I trade the 8 hr charts for precisely the reasons you gave-smoothness and the time involved because of a lack of time to trade in lower time frames, forex 8 hour chart strategy.
Whatever tips you can give will be greatly appreciated. Thank you. Looks good — love to know more. I guess you could watch the MT5 and trade off your normal Mt4 chart when you saw a trade.
Does anyone have a way of altering candles for GMT or a charting program that uses GMT? Yes, they do. It is my broker too. It should not be a big deal. Price action is price action. Sometimes candles can appear so different you may miss a trade. Sometimes you will catch trades that I miss.
Most times trade will appear on both our charts. Went back and readjusted to fit my charts and everything looks a lot better. Would be nice to hear about it. Was it enough that a support or resistance level hold that the 8 hour bar couldnt close beyond it? I just ask this as I can just trade part time so sporadically I can check charts during day but I am not able to go lower TF to enter or follow the trad.
I am able to view the 8 hour chart with FXCM but they are not looking the same as your charts so will be extremely appreciative for any insight you could give. interesting, love the cleaness of the charts. I use 8 hours charts to confirm my 4 hours entry. Any tips from you would be appreciated. Thanks, Nick. Nick, I find your tips very useful and interesting, so having your tips also on eight hour charts would be great. BIG Bank trading floors do not trade very short time frames so why should retail traders put themselves at such a huge disadvantage other than the huge stop losses needed, forex 8 hour chart strategy.
Let us have your insight by all means and thanks. Hi there I am new to trading and just trying to find my feet so any tips advice on any time frame would be great and as larger time frames are less noisy it would be a great place for a newbie to learn to make good trades.
I did wonder though if the time frame is bigger do the stops not have to be larger? Or can this be remedied by determining a good entry point and thus decreasing the need for such a large stop? Any way in short YES! Share your knowledge :. Yes, perfecting entries limits the size of stops. However, stops should be dictated first by your money management plan and second by price action.
Many times I place a stop tighter than I would like to fit within my money management rules. I like the way you trade. Very simple and your rules are very straight forward and easy to understand.
Cheers Nick, I use an app called Trade interceptor on the phone where I can view 8 hr charts. Be good to get some more tips, thanks John. Keep up the good job Nick. FXCM offer 8Hr charts. Nick, as you know I screwed up early in the week on EURJPY but had a first class trade using 8H on Thursday. I like your professional comment on the benefits of trading eight hour charts.
I write to commend your efforts on this issue and to express my interest in eight hour chart trading. I just want to say I love the blog and the website!
Yes more 8 hour setups would be awesomeThanks Nick! Your comments on 8 hour charts make a lot of sense and therefore are of great interest. More info will be appreciated. Thanks Nick., forex 8 hour chart strategy. Yes, I am very interested if you share your experiences with this strategy, Thank you Nick, Regards Laszlo. Nick, Thank you for insight on a new time frame.
During the workday it is not always possible to review my charts on a hourly basis. One question I have with this time frame, is that a much wider stop loss risk would have to be used. Can you tell us any advice on creating a trade plan for the eight hour chart, forex 8 hour chart strategy.
Interesting topic Nick. What time do your 8hr candles close? l thinking GMT candles might not be so good as one would close just as London opens 8am and reflect the Asian session and the next one would be at 4pm London just as they are winding down their intraday positions. Obviously you have the experience in this type of trading so l would like to hear more please.
Can I ask as your recommending MT5, does that mean you are not using the dealbook forex 8 hour chart strategy these days as your charting package? s I personally would love to hear more about the 8hour charts as that is the sole purpose of changing my brokers account. Many thanks again for all your help. I do not use GFT because of forex 8 hour chart strategy they mistreated long standing customers late last year.
They canceled all accounts with little notice. I would be interested in tips on the eight hour chart. Sounds like that would work well with my schedule THanks. Bring it on Nick! More happening than Daily charts and decent price action, definitely bring it on. Thank you, Nick.
yes, very interested in what you are doing with 8 hour charts. But I have no trouble getting them on Tradestation. Tradestation is 5 p. and 9 a. candle closes EDT. Is this what your charts are showing? checked out eurjpy and I am getting some candles same, some really different so I am really curious what times frames and reference time i.
you are using. I believe the 8 hr time frame would be good in regard to less noise etc. however it may pose a problem with small accts, forex 8 hour chart strategy.
with the larger stop sizes required. Any thoughts?
How To Add 8hr or 8 hour Forex Charts to META Trader MT4 Platform
, time: 4:03Forex Eight Hour Chart Challenge
9/19/ · 8 Hour Charts MT4 Even though 8 hour charts to not come by default on metatrader 4 they are quick and easy to setup. The 8 hour time frame is my personal favorite as it bridges a gap between the daily and 4 hour time frame that provides to be an excellent filter against normal market chop or price fluctuations. I love trading the 8 hour time frame best 4/3/ · Why Eight Hour Charts? One of the major benefits is that they save your time. Eight hour charts only need to be checked every hours, making it is easy to trade them around a busy schedule. You may be thinking that the daily charts save even more time, and you would be right. However, daily charts have far fewer trade setups than eight hour charts There is a great blog post on the Forex4Noobs website which offers some insights as far as using the 8 hour time frame for forex price action trading. For those of you using the MT4 platform the blog also provides a great indicator that you can download to allow you to
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