Forex 8 hour strategy

Forex 8 hour strategy

6/3/ · The forex market runs on the normal business hours of four different parts of the world and their respective time zones. The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest 11/30/ · The recommended trend time frames are the 4-hour, 8-hour and/or daily chart because they provide sufficient overview of the past price action in the market. Traders can adequately judge whether a market is trending, reversing, or ranging. If a trader is trading long-term positions, then the weekly chart is blogger.comted Reading Time: 7 mins Forex trading strategies that work #2 — Swing trading. Swing trading is a medium-term trading strategy where you can hold trades for days or even weeks. The timeframes you’ll trade on are usually the 1-hour or 4-hour. As a swing trader, your concern is to capture “a single move” in the market (otherwise called a swing). So you’ll likely:Estimated Reading Time: 6 mins

Trading on the 8 Hour Charts | My Forex Trading Blog

Hello all I hope you are having a restful and enjoyable Sunday! As expressed in some of my previous posts I am partial to price action trading from the Daily Charts, and more recently the 8 hour charts. Yes, 8 hour time frame charts are now offered on the MT5 platform. I recently started trying out the 8 hour time frame to see how it compared to the daily time frame with respect to providing reliable signals and frequency of the signals.

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 convert your 4 hour charts into 8 hour charts.

As noted in his blog post Nick B prefers the 8 hour charts over the daily charts because in his opinion it offers more tradeable setups without giving up the time saving forex 8 hour strategy quality aspects that forex 8 hour strategy daily charts provide, forex 8 hour strategy. In reviewing my charts today I particularly noticed the nice bearish pin bar that formed at a key level on the EurUsd 8 hour chart.

On my chart I have marked a key resistance level at 1. You can see how price has retraced and extended about 30 pips past this level but then snapped back and failed to close above the resistance level. EurUsd is curently on a nice downtrend which makes this setup even higher quality in my opinion. It will be interesting to see how this setup pans out over the next day or two. If you have never experimented with the 8 hour time frame for your price action trading you just might want to give it a try!

Once again this post is meant for educational purposes only and is not meant to be regarded as trading advice. If you enjoyed this post please, comment, share, and like!!

Thanks for the post on 8H chart trading. Can you name some forex brokers that offer platforms with 8H charts and that take US citizens? There are very few brokers that take US traders that have 8H charts.

Trading Station is said to be the Rolls Royce of platforms, forex 8 hour strategy I opened a demo of their Mini no difference in capabilities of platforms, it seemsforex 8 hour strategy, forex 8 hour strategy I like it.

Also, 8H charts can be inserted in MT4 with period multiplier software free ; and I think MT5 has 8H. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Sign me up for the newsletter!

Hi, Thanks for the post on 8H chart trading. Happy Trading, Norm, forex 8 hour strategy. Leave a Reply Cancel reply Your email address will not be published. Get Our Free Forex News Letter Now! Receive free forex strategies, ebooks and tips to take your forex trading to the next level!

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Forex Eight Hour Chart Challenge

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The Best Times to Trade the Forex Markets

Forex trading strategies that work #2 — Swing trading. Swing trading is a medium-term trading strategy where you can hold trades for days or even weeks. The timeframes you’ll trade on are usually the 1-hour or 4-hour. As a swing trader, your concern is to capture “a single move” in the market (otherwise called a swing). So you’ll likely:Estimated Reading Time: 6 mins The 'Holy Grail' Of Forex Trading Strategies Is To Use The Daily Chart Timeframe. Let’s face it, 95% of you reading this are probably not consistently successful traders, in fact, you’ve probably blown out a trading account or three by this point. You probably enter a trade and then sit at your computer watching the market tick away or reading economic news for the next two hours, unable Estimated Reading Time: 11 mins - Close all pending orders by 5 hours to close of the day. GOLD - Plot the Pivot first - Check the relationship between the pivot and the opening price - Place Stop Buy pips above previous day close and Stop Sell pips below Previous day close - Plot the -+ above and target the next pips or next pivot, whichever is lesser