Price action forex signals
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Hi Chris, Yes, these are the timeframes that suited me for the moment and also what I am trading on now. You have also pointed out the server time which is very true. So which server time work best for your H4 and daily TF strategies?
It really depends upon the pair and the system because the performance varies significantly depending upon the system and pair. For example, some pairs do really well with inside bars on the NY close, but others fail miserably. Yet those same inside bars and pairs that fail miserably on the NY close, do really well on the London open, so depends upon each one.
This information is available to those in my Price Action Course which you are welcome to join. Their is however one thing what comes in my mind about the practicality of using different server times.
As you stated that patterns perform differently with different pairs on different server times. Unless of course you have a broker for each server time, I find it a bit unpractical! What is your view on this and how do you of your students manage this? First off, many of my students end up just trading one server time which is totally fine. If you have the right server time, you can be plenty active in terms of finding setups and pairs.
So both of them are viable options, but none of my students ever really have any issues with this. Neither do my students or traders so seems like an unnecessary process to find good signals.
I am in the process of changing things so I have the NY close charts. Just feels better for me. Keep up the good work and best wishes to you and yours! Hi Chris, Fantastic article — thank you for posting it up for all to read. Being new to forex would you advise to initially start trading with these time frames? The information contained in or provided from or through this site is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.
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Daily and 4hr Price Action Strategies 0 Engagements. A rule based strategy generally goes something like this; Conditions A, B and C have to be in place to make a trade. If you do, place your trade at X, your stop at Y, and your targets at Z. Along those lines, there is one last key point I want to make a Server Time Not all server times perform the same. Chris Capre Buddhist, Trader and Philanthropist. You Might Also Enjoy.
Another great, eye-opening article! De nada, glad it helped and thanks for the kind words Chris. Hello Eric, It really depends upon the pair and the system because the performance varies significantly depending upon the system and pair. Hello Chris, Very interesting post, enjoyed reading it.
With good information for thought. Hello Agnee, Some good questions here. This is the most simple approach. When it doubt — keep things simple. Hope this helps Kind Regards, Chris.
Hello Stan, Glad you liked the article and content and good luck trading. Kind Regards, Chris Capre. Best regards Haider London, UK. A Forex Trading Mindset Lesson: