03/04/ · 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. Eight hour charts strike a good balance between time saved and quantity of trade setups. How to Get Eight Hour Charts. The easiest way to get eight hour charts is to visit blogger.com Unfortunately many brokers are still using MT4 which does not have eight hour Eight hour charts provide a lot of trades, 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 19/09/ · 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. It may just be the perfect time frame to trade. Pros
Forex Eight Hour Chart Challenge
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, forex 8 hour strategy, 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 forex 8 hour strategy it offers more tradeable setups without giving up the time saving and quality aspects that the daily charts provide. 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 forex 8 hour strategy about 30 pips past this level but then snapped back and failed to close above the resistance level, forex 8 hour strategy.
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 forex 8 hour strategy 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, forex 8 hour strategy.
Trading Station is said to be the Rolls Royce of platforms, and I opened a demo of their Mini no difference in capabilities of platforms, it seemsand 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. 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! We respect your privacy.
How To Trade The 1 Hour Chart (as a beginner)
, time: 17:57Forex Trend Trading The 8 Hour Charts
19/09/ · 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. It may just be the perfect time frame to trade. Pros The Best Forex Trading Strategies That Work In Eight hour charts provide a lot of trades, 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
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