Forex trading 4 hour chart
In my opinion nothing beats 4 hour Forex chartsyou may be wondering why I would make such a claim. I lead a pretty hectic life, with running the Dynamite Indicators, looking after my partner and raising my beautiful little girl, there is always things to do each day. Trying to forex trading into my life in the past was sometimes difficult, especially when trying to keep the important people in my life happy but with a four hour chart I manage it. For some people trading may hour like a daunting idea, especially if you already have a trading job and you are not in a position financially to give it all up to become the ultimate day trader. If all this sounds far too familiar then keep reading to learn why I claim that the 4 hour chart is best chart out there. Trading can be very time consuming, lots of people choose to try and trade daily charts or even weekly charts. But this can feel like you are waiting forever for charts to line up. You may have to wait days or even weeks between moves, this will just add to your frustration. The best thing about the 4 hour forex currency charts, is the fact that it fits my lifestyle perfectly. This is how my trading works on a day to day basis and the reason why more recently I have started to trade Forex over Stocks using a 4 hour chart, I do still keep my eye on a few stocks and for that I use a daily time frame. I wake up, I switch on my trading computer and load up TradeStation. I check all of my open positions chart spend approximately 10 minutes seeing what the markets are up to. I shower chart get ready for work, some forex I even hit the gym first. I check my twitter and news feed on the way to the office, this gives me an idea of the general market news for the day and what people are talking about. I get to my desk chart 9: I check my charts and start to look at the hundreds of emails I receive each trading, I start working on my various projects. Naturally I check my charts again. This is the same process all day, I manage my stops and positions, I look to see what is setting up and I enter any trades that meet my entry criteria. I start wrapping things up for the day, and you guessed it… I check the charts just before I leave work, by the time I get home and have some dinner, see my daughter and partner it will be coming up to 8: Chart spend a good hour doing some research and analysis, looking at new ideas and looking to see what is lining up for the next trading day. I check all of my positions and then I try to relax for the rest of the evening. I take one last glance just before bed which is usually around about 11pm. So you can see how with 4 hour Forex charts I literally never miss a bar. I prefer the 4 hour chart because it is so much faster than a daily chart. I literally see each bar as the day progresses. Trading allows me to open and close my positions hour the opportunity to enter or exit arises and I still manage to get everything else done too. If you use 4 hour Forex chartspost me a comment I would love to hear from you. We post blog posts about the latest trading news, platform updates and features, reviews and latest product updates. Enter your details below and we will forex you an email once a week letting you know the latest. Michael Fasani is a trader and well known JavaScript developer, after travelling the world trying to find a new way to "bend javascript" he settled down in Zurich where he now trades and skies. I am a fan of Nial Fuller who advocates daily chart… and taking positions with no indicators but just the candlesticks and its patterns… but I need little more than that to reconfirm my trading your input… cheers have a nice day. The stuff Nial puts out is good logic, I use our Home Trading System for timming and for managing my positions once I am in. I totally agree with this post. I do trade purely momentum price action on the 4 hourly chart. It is great timeframe. Recently I have been trading just the EURUSD as I have been very busy and following more currency pairs than that is really hard work. I keep an eye on the American Economy and the Euro Economy and I am placing trades per day using our Home Trading System. Your email address will not be published. Skip to content Technical Analysis at its Best. Cart 0 No products in the forex. Trading Software Trading Indicators Our Setups Scalp Trading Day Trading Swing Trading Blog Recommended Platforms eSignal Discount Included ShareScope UK Traders. The great thing about trading 4 hour Forex charts. My average Day to Day Schedule using 4 hour Forex charts The best thing about the 4 hour forex currency charts, is the fact that it fits my lifestyle perfectly. I take lunch and get back to my desk for 2: Enter your details below and we will alert you when we post a new article. What is the best data feed for MultiCharts? The New Market Wizards. Forex Demo Trading December 4, How we use DailyFX to make Trading Easier August 12, What makes the Day Trader One so special June 24, What do you need to succeed in Forex Trading June 15, A Simple Approach To Trend Trading November 11, March 7, at 3: I am a fan of Nial Fuller who advocates daily chart… and taking positions with no indicators but just the candlesticks and its patterns… but I need little more than that to reconfirm my entry…appreciate your input… cheers have a nice day Sridhar Rao. Hi Sridhar, The stuff Nial puts out is good logic, I use our Home Trading System for timming and for managing my positions once I am in. Combine it with what you have already learned and I am sure it can work for you hour. March 9, at 6: Hi Michael, I totally agree with this post. March 23, at 1: March 25, at Hi Nihal, Recently I have been trading just the EURUSD as I have been very busy and following more currency pairs than that is really hard work. Time frames I am watching are weekly, daily 4h, 60m and 5m. Leave a Reply Cancel reply Your email address will not be published. Trading Software Success Rates. Anyone in the UK serious about trading stocks should seriously start using sharescope I have just moved all of my focus to this platform.
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