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Nial Fuller

Professional Trader, Author & Trading Coach

Why Serious Traders Need ‘New York Close’ Forex Charts

wall-street-bullThis 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. If you’re truly serious about your trading, you should pay close attention to what I am going to discuss here… it will make a huge difference in your trading.

Let me explain why New York Close Forex Charts Are So Important…

In a nutshell, traders need to be aware that the normal Forex charts offered by popular  forex brokers out there are NOT suitable for professional price action trading or any form of technical analysis in my opinion. If you’re a serious trader you need to ensure that you have forex charts which open and close in true alignment with the New York trading session close (this is the real forex market daily closing time). These charts also need to have 5 daily bars per week instead of 6. 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.

I am going to get into much more detail on this subject below, however if you don’t want to read this entire lesson you can just download our preferred New York Close Forex Charting Platform Here.

Most forex brokers simple do not offer the most relevant or effective charts for you to make your trading decisions from. For many beginning traders, the fact that they might be looking at charts that aren’t accurate does not even occur to them. Let me assure you this is something that you NEED to seriously consider before trading live, and you probably won’t read about it on other Forex trading education websites.

Proof That You Need New York Close 5-day Charts

The daily close of the Forex market takes place at 4:59:59 pm NY time and signals the end of the current Forex trading day and the start of the new one which occurs at 5pm NY time as New Zealand / Australia and Asia trading gets underway. 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. Also, as a price action trader focusing on the daily chart, we need to see the price action setup close out on the daily chart before we can correctly identify it as a price action signal, and it’s at the daily chart close that many significant price action setups form.

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.

Not all MT4 (Metatrader4) Platforms are the same, in fact, most MT4 providers are on GMT time and show 6 daily price bars which is very WRONG and will sometimes show “false signals” and this can lead to very big problems. You WILL NOT be able to follow my trading patterns or ideas if you’re not using the correct charts.

Example of a Non-New York Close 6-day Chart vs. a New York Close 5-day Chart

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. There are only 5 trading days per week in each major currency trading center around the world, but due to the 24hr nature of Forex, some platforms show a “Sunday” bar, this is incorrect and unnecessary…

new york close charts example 1

New York close 5-day charts provide more accurate price action trading signals

If you want the SAME charts and price action bar/candle formations to show up on your charts that my members and I use, you should use ‘New York Close Charts on Meta Trader‘ with the correct data feed.

Most of my members and myself included would have missed the approximate 200 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…

new york close charts example 2

Only a handful of brokers offer a true ’5 Day Chart’ with the correct open and close shape of the daily price bar. My members and I use a 5-day chart with a New York close MT4 data sever to generate my Price Action Trading Signals. If You are not using New York Close Forex Charts, you won’t see the same trading setups/signals.

Some traders email me asking if they can “adjust” the platform time on their trading platform, and the answer is that you cannot adjust it. The time at which your daily bars close out is set by the broker offering the platform and a broker either offers NY close 5-day charts, or they don’t

So You Need To Find a Good Broker Who Offers the Correct Charts. See Below For Details of Suggested Brokers & Charts.

WHAT BROKER Has The Correct New York Close Charts ? (Who Can you trust to trade with?)

Whilst we can’t make any guarantees, we’ve certainly done our homework and we work with a broker who offers the correct NY close 5-day charts and they are in my experience, reputable and reliable. 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. They also offer a wide variety of other markets including CFD’s, Commodities and Indices. Click Here To Get a Demo Of Our Preferred Forex Broker Platform

As always, if you have ANY questions do not hesitate to email me via the contact page.

Good trading, Nial Fuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Rahul saini October 30, 2017 at 1:36 pm

    Thanks a lot sir

  2. AL HELAL July 13, 2014 at 12:50 pm


  3. Terry June 2, 2014 at 1:06 am

    great advice for a newbie like me. look forward to learning much more from you Niall

  4. mohd May 30, 2014 at 9:12 pm

    tq mr niall

  5. lubz May 14, 2014 at 8:31 pm

    Thanks Nial for guiding of all us regarding correct chart

  6. Razu April 28, 2014 at 4:47 pm

    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.

  7. Dean April 13, 2014 at 3:58 am

    Hi Nial i am so glad i come across your excellent website. I now see trading in a totally different way. And am now signing up to 1 of your recommended broker’s as the one I was with don’t offer the five day charts.

  8. Phuriwat March 17, 2014 at 1:58 pm

    I’m excellent on this article.Thank you


  9. dev February 14, 2014 at 6:19 pm

    Thanks Nial really appreciate the information

  10. Patrick S February 2, 2014 at 11:58 pm

    Thanks Nial. Very informative article.

  11. pucas November 4, 2013 at 10:35 am

    Cheers fella, nice article.

  12. ONOC November 2, 2013 at 7:11 am

    Thanks Nial….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….Good work….Thank You.

  13. Del Hagan October 31, 2013 at 6:32 am

    Excellent thinking, Nial. 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, 2013

  14. Patrick October 25, 2013 at 12:20 am

    I’m surprised nobody has commented on this excellent article. Thanks Nial!


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