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Thread: Discuss EUR/USD News with a DailyFX Analyst

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#20433 (permalink)

07-06-2009, 05:41 PM

4xis2ez

Member

Join Date: Oct 2005

Posts: 487

Hey Cody, I am scalping eurusd off of 1 min. charts and am using pivots levels measured from 4 hour bars. Do you know what bar closing hour should I use? Action forex says to use 4 hour bars that close at 6am New York time and their 4 hour intervals from there, or should I use FXCM charts that have 4 hour bar closes at 4am and its 4 hour intervals from there. I have checked both using historical charts of Metatrader 4 and both seem to have validity.

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