He has a monthly readership of , traders and has taught over 20, students. This is an extremely important lesson about why you need to be using New York Close Forex Charts to effectively trade the price action strategies I teach my students.
This will ensure you are seeing the correct price data and you will then be able to analyze the exact same price action signals that myself and all of my members see. Most forex brokers simple do not offer the most relevant or effective charts for you to make your trading decisions from. The daily close of the Forex market takes place at 4: The New York close also reflects the close of the 2nd heaviest Forex trading session which is the New York session. Closing prices are the most important in any market because they reflect who won the battle between the bulls and bears for that session.
Due to the fact that daily chart trading strategies are critical for all traders to learn, we all need to see the most accurate and relevant daily chart closing price.
Traders who are planning on being members of my trading community need to have the correct NY close 5-day charts since my price action strategies are focused around the daily charts and all my members use the correct NY close charting platform. Note all the little Sunday bars on the non-New York close chart on the left.
These Sunday bars should not be there and they are not relevant; they just take up space and add unnecessary variables to the chart which will confuse you and many times generate false signals. Most of my members and myself included would have missed the approximate pip move that resulted from the pin bar reversal setup on the NY close chart on the left had we been looking at a Non-New York close chart like the one on the right…. My recommended broker offers direct access to bank prices and they run a genuine regulated operation.
They also have the correct charts on a mobile dealing platform for your iPhone or mobile. As always, if you have ANY questions do not hesitate to email me via the contact page. Good trading, Nial Fuller. Sir i read your every article every day. I follow your trading setup information and price action study more than 3 year now i am your online student. So thank you very much. Hi Nial i am so glad i come across your excellent website.
I now see trading in a totally different way. Just downloaded the appropriate platform and I could see a good pricing difference between my current broker and this new one…. You are always spot on…. You are dead on, in my view. Finding accurate charts can be a problem for sure. Please keep up the good work, and Thank You! Del Hagan Oct 30, Your email address will not be published. Notify me of new posts by email. Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information.
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Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website.
The past performance of any trading system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors.
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Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Who Can you trust to trade with? Checkout Nial's Professional Forex Course here. Rahul saini October 30, at 1: Thanks a lot sir Reply. Terry June 2, at 1: Thanks Nial for guiding of all us regarding correct chart Reply. Razu April 28, at 4: Dean April 13, at 3: Phuriwat March 17, at 1: Thanks Nial really appreciate the information Reply.
Patrick S February 2, at Cheers fella, nice article. ONOC November 2, at 7: Del Hagan October 31, at 6: Del Hagan Oct 30, Reply. Patrick October 25, at Leave a Comment Cancel reply Your email address will not be published. Recent Popular Comments Nial Fuller. Price Action Trading Patterns: Very helpful Coach, many thanks Great article and lesson from the great mind of Ni Sure to put this 'creed' in to my trading style im Nice lesson very helpfull for newer just like me This is just fantastic coach.More...