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4hr chart times on UK Stocks


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Hey folks...

 

Just need to clarify for my own piece of mind...

 

I've recently come to IG to trade stocks but I'm used to trading only FX up until now, mainly referring to 4hr charts.

 

With FX I check at 6am, 10am, 2pm, 6pm, 10pm.

 

Just realised that these aren't going to be the same times with stocks are they?!?!

 

UK Stock market opens 8am, so 4 hr charts will form a new candle at 8am, 12pm, 4pm, until close with a small 30min candle up until 4:30pm? 

 

Is this correct?

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Hi 

 

So like you said the shares candlesticks will start when the markets open (for example 8am on the UK markets) and then quote in 4 hour candles until the last 30 minutes. 

 

FX will reset at 10pm each night. This falls in line with the underlying market and relates to the 5pm FX close in NYC. Candles therefore will trade in 4 hour tranches until the close. 

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