Target trading with the Big boys on the 4 hour chart

Quoting jmtini

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{quote} Time will tell stevepatt , time will tell I would definitely not be selling GBPCAD right now. There is clear space above and this is target trading thread so we are looking at the 1.6850 area as a first target

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Quoting MrDeBanissis

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Hi jmtini, great thread and I am closely monitoring your posts. I have just one quick question, do you place support and resistance only on H4 time frames and are you monitoring only that time frame for trading? Or you are checking higher time frames for any confirmations? Thanks for your response,

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Quoting mallee

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{quote} Yep 685 the target,might close a little early.{image}

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Quoting pipsy7

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g/cad i've Now 3x7 pos. on these , TP1 remain d same , TP2 will post mebbe L8R , SL man. = UPDATE i'll bank 3x4 pos. @TP1[whenever that will B] remain 9 pos. goes to TP2 @1.70077, TP3 will post mebbe L8R - - - if or when u make sume $$$ followin my trades , do Not forget to donate a few bucks$ to charity = fx_Rule #1 to stay Profitable ! {image}

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Quoting jmtini

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{quote} Hi mallee GBPCAD I have to apologise to you and to all because I think that I misread the cluster (circled) and in actual fact the resistance level which it banged against was around 1.6825/30 and not 1.6850 However, whether the BB's have shot the price down to gather liquidity for a further upward move tomorrow or Friday is up for debate. Looking at the daily chart, we are still above the 200 ema and the trend is still up. If we get another down day tomorrow, we might have to change to a more bearish view on this pair {image} {image}

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Quoting sangra28

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Guys sell gbpaud for long term if u follow me {image}

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Quoting sangra28

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@ PIPSY still holdin these fukkers Unhedged and $tickin to my plan for Now BRO ALWAYS FOLLOW MINE PLAN TRADES AND YOU WILL GET +VE PIPS LOOK THIS SETUP FOR NZDJPY {image}

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Quoting mallee

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{quote}

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Quoting stevepatt

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{quote} GBP/CAD Sell {image}

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Quoting stevepatt

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{quote} GBP/CAD Sell Trade Update {image}

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Quoting jmtini

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{quote} Well I will say it's a brave call stevepatt to get in short for the long haul! Not to say that you wont be proved right in the end. However I would prefer to take each day as it comes and buy today. If it goes down tomorrow we'll sell again. GBP is strong at the moment so hold on tight. Sentiment as a whole on the Pound is mixed so I really do think it's better to take it day by day In the meantime, EU looks good to go short again. EURNZD - wait look for a retracement before entering short

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Quoting jmtini

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Quoting stevepatt

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{quote} Hi JM, Why is it brave? There are no willing Buyers above 1.68000, anyone Long above 1.68000 is Trapped. It's logical to anticipate Price returning to test the previous Swing Low. Check CAD pairs for Strength. {image}[/quot Hi Stevepatt I certainly don't want to be dogmatic about the direction in any trading pair. I agree the situation is becoming more bearish on the pair. However as we all know, the market can be extremely unpredictable (to say the least!) especially in these very volatile times. My problem with

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