Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

chase the big boys - journal 36 replies

College student learning to run with the Big Boys 42 replies

Poll: Is retail Forex just a setup by the big boys to take our money? 36 replies

Commitments of Traders: What are the Big Boys Up To? 4 replies

Big Boys DID IT AGAIN 229 replies

Attachments: Target trading with the Big boys on the 4 hour chart
Exit Attachments

Target trading with the Big boys on the 4 hour chart

Quoting stevepatt
{quote}{quote} Hi JM, This is the major issue with Trading, we are both looking at exactly the same chart and seeing different things. I see a Level of Buying that is getting weaker... Below that I see Bullish Imbalance that has not yet been filled... Below that I see a Level that the Bulls have defended... but for how much longer... {image}
Hi stevepatt

Did you actually watch that video in the first post. I presume you didn't because you think you don't need to, right? OK let me then tell you what we're trying to do with this particular system on this particular thread. We are trying to use the past to predict the future. We believe that the BB's use past support/resistance areas on the 4 hour chart to access their target areas in the future. Thus, taking GBPCAD as an example, if you had actually taken the time to watch the video, you would realise that there are numerous cluster areas below the present price action would could arrest the clear match of price action downwards. This has actually occurred already as we still struggling to get through the 1.4750 area and that has been the case since Monday evening!!

What I would suggest Stevepatt is that you start your own thread. Then you can punt your own views and your own system to your heart's content! OK?

Regards
JM
Quoting devontrader
steve your charts are always clean and always good wish i was able to read a chart like you hope you got my email
Hi devontrader

I've suggested to Stevepatt that he starts his own thread.

Then you can tell him what a wonderful guy he is and flatter him as much as you like on his thread. OK?
Well it looks like a turn around on GBP pairs guys. Significant news in about half an hour so I suggest wait and see
Hi everyone

Well I would love to say "what did I tell you" but I wont! But really it bears out the old rule in forex trading. Trade what you see and NOT what you think! Those that take a dogmatic view or think that they can out-think the big boys are going to end up losing their money time and time again.

Still, what a total endorsement of our system, not so? It works, guys!!

Having a look at GBPCAD, were going to be looking at the same resistance area at .6820/30

GBPAUD - targeting 1.7350
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADH4.png Size: 48 KB
Click to Enlarge Name: GBPAUDH4.png Size: 49 KB
  • Post #65
  • Quote
  • Edited 10:53am Nov 10, 2017 9:51am | Edited 10:53am
Hi all, and thanks for the interesting thread. I'm subscribed and i'll follow it with interest.

My english is not good guys, so i'll ask here for be sure because i I could have understood bad.

Basically:
1) We find a definite trading range on the daily chart, so we draw tops and bottoms. Now we have our "building", our roof and floor.

2) Then we go on the h4, if we want go long, we go search back in the past for an old downtrend resistance (or supp if we search uptrend) INSIDE our building, that will be our resistance/target.

Idem for shorts.

Now, my questions are:

Scenario 1: If there isn't a trading range? If the pair is trending strong? We don't have daily "tops and bottoms" so we can't build our "building" What to do here? Just go search on weekly and monthly? And if here also there isnt any trading range?

Scenario 2: We find a definite trading range on the daily, but when we go search back in the h4, there is only empty space... no old supp/res inside our building. What to do in this case?

Thank you for your patience, i'm interested about this trading approach and i'd like solve all my doubts
Quoting Joseph95
Hi all, and thanks for the interesting thread. I'm subscribed and i'll follow it with interest. My english is not good guys, so i'll ask here for be sure because i I could have understood bad. Basically: 1) We find a definite trading range on the daily chart, so we draw tops and bottoms. Now we have our "building", our roof and floor. 2) Then we go on the h4, if we want go long, we go search back in the past for an old downtrend resistance (or supp if we search uptrend) INSIDE our building, that will be our resistance/target. Idem for shorts. Now,...
Hi Joeph95

Welcome to the thread. I think for truly comprehensive answers to your questions you need to speak to ProAct traders who made the video. Please note that I am not affiliated with them in any way. I must say though that his videos are tremendously helpful. They are freely available on You Tube.

However if you can give an actual example of your problem that would be easier. I have looked at all the trading pairs that I have on my platform and none of them have no history, whether recent or more distant, to consult.

When it comes to tops and bottoms on the daily chart, it is sometimes difficult I think to decide on one so what I do is find the most recent top and bottom. Here is an example of what I'm talking about - USDCAD - although the top is really 1.3750 area, I would use the new top of 1.2900 and the bottom is still around 1.2100. Of course we use the 4 hour chart to find support/resistance clusters to ascertain target areas. Hope this helps!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 59 KB
  • Post #67
  • Quote
  • Edited Nov 11, 2017 11:40am Nov 10, 2017 3:58pm | Edited Nov 11, 2017 11:40am
Quoting pipsy7
{quote} -------7 still holdin these fukkers Unhedged and $tickin to my plan for Now
-------7

still hav these , mon. will post a chart - No worries @ all , Blieve firmly in my syst. = hav a gr8 wkEnd jmtini et all
da n0o0b + $hit_Disturber
Quoting jmtini
{quote} Hi stevepatt Did you actually watch that video in the first post. I presume you didn't because you think you don't need to, right? OK let me then tell you what we're trying to do with this particular system on this particular thread. We are trying to use the past to predict the future. We believe that the BB's use past support/resistance areas on the 4 hour chart to access their target areas in the future. Thus, taking GBPCAD as an example, if you had actually taken the time to watch the video, you would realise that there are numerous cluster...
Hi JM,

Yes, I have watched the video.

Why does he need so many Indicators to achieve his objective?

If you want to understand how the Banks operate watch this video.
Inserted Video


It's Customer Flows that dictate Price Levels, they aren't looking at H4 Support and Resistance Levels for their "Targets"

The Target is to get their Customer Orders filled at the best possible Price and if they are lucky Build in a position for themselves.

And by the way I always Trade what I "SEE" not what I think.

I thought you wanted Constructive and Objective posts Post #13
Hi All ,
I am new to the world of trading as compare to you all top guns i have no guru and justed started investing in stocks 3 year ago then i realised that trading in stock has its limitations hence observed and switched to forex especially eur/usd 2 months ago also learning hedging As per my observation as well i AGREE WITH YOU 100 % that chances of trend changing on 4 hour chart is good & you can earn nice pips as compare other time frames which are either late or full of volatility . But the big issue is its very late on 4 hour time frame to enter the trade as the trend changes first on 1,5,15,30,4 hour time frame .Can anyone expert experiance trader here tell me how to deal with this situation please apart from that are there any indicator's available which will give you S & R , pivot etc not exactly but near the 4 Hour time frame so that we can confirm that with other indicators & enter & exit trades ....i have really happy that i have joined your wonder full thread ..thank you ...you all be winners & be blessed & be happy always
  • Post #70
  • Quote
  • Edited 10:14am Nov 11, 2017 4:51am | Edited 10:14am
Quoting stevepatt
{quote} Hi JM, Yes, I have watched the video. Why does he need so many Indicators to achieve his objective? If you want to understand how the Banks operate watch this video. https://www.youtube.com/watch?v=GyFVOFbhFws It's Customer Flows that dictate Price Levels, they aren't looking at H4 Support and Resistance Levels for their "Targets" The Target is to get their Customer Orders filled at the best possible Price and if they are lucky Build in a position for themselves. And by the way I always Trade what I "SEE" not what I think. I thought...

Stevepatt

Kindly remove one or preferably both of these videos.

No we are not interested because the video you are posting has nothing to do with the system that we are trying to trade here.

And no, you are not constructive Stevepatt, you are destructive. You criticize and post a totally different ideas which prove to be absolute nonsense and confuse people as to what should be doing and how they should be trading.

You almost took over the "daily trading using sma" thread but somehow they managed to get rid of you to everyone's relief.
Hi JMtini

Its your thread you can do what you want, but i enjoy hearing from all thread members as i find it engaging, and enlightening.....quite often contributors have very relevant points.....I dont think thats hijacking a thread, but engaging in robust discussion.....if we all had the same point of view, there would be no point in having any type of threads

regards Crowie
Quoting crowie
Hi JMtini Its your thread you can do what you want, but i enjoy hearing from all thread members as i find it engaging, and enlightening.....quite often contributors have very relevant points.....I dont think thats hijacking a thread, but engaging in robust discussion.....if we all had the same point of view, there would be no point in having any type of threads regards Crowie
Hi crowie.

Thanks. I appreciate your point of view. However I do want people to stick to the strategy as outlined in the video in Post 1. If anyone feels that they don't like it or that it doesn't work for them then they can chose to start their own thread or post their views on an alternative thread of which there are hundreds to chose from on Forex Factory. If we don't religiously stick to the script here we are going to lose our way, lose money and get upset and disillusioned.

Hope you understand and look forward to your future posts

Regards

JM
Quoting pipsy7
{quote} -------7 still hav these , mon. will post a chart = hav a gr8 wkEnd jmtini et all
Hi pipsy

Glad to see that you're still hanging in there! It was a rather topsy turvy week but I think that next week will be a whole lot better. Good Luck
Quoting HumbleLearne
Hi All , I am new to the world of trading as compare to you all top guns i have no guru and justed started investing in stocks 3 year ago then i realised that trading in stock has its limitations hence observed and switched to forex especially eur/usd 2 months ago also learning hedging As per my observation as well i AGREE WITH YOU 100 % that chances of trend changing on 4 hour chart is good & you can earn nice pips as compare other time frames which are either late or full of volatility . But the big issue is its very late on 4 hour time frame...
Hi HumbleLearne

Great to have you on board! Yes it is possible to have two directions in a 4 hour candle. And the answer to the problem is combination trading. Simply, what that is trading the 4 hour chart in combination with a lower time frame. My favourite is the 30 min chart, however one could even use the 5 min chart to cement your trading plan and enter a trade at an optimum opportunity. Let's take an example: EURNZD - on the 4 hr chart it was quite difficult to find a good place to enter long but by coming down to the 5 min chart, one can see that there were actually two nice opportunities off the 200 ema to enter long trades. Hope this helps and answers your question.

Regards
JM
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM5.png Size: 42 KB
Hey there. Jmtini, thnx for this thread. I hope to learn from here.
Im attaching a simple graph of EURUSD. I believe from what the video says, we are close to a resistance (Ex-support) and shorting here could give us good results all the way down.

Can you guys comment further. Again, thnx for the thread. (Y)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-11 at 8.04.12 PM.png Size: 35 KB
  • Post #76
  • Quote
  • Edited 2:35pm Nov 11, 2017 2:25pm | Edited 2:35pm
Quoting jmtini
{quote} Hi HumbleLearne Great to have you on board! Yes it is possible to have two directions in a 4 hour candle. And the answer to the problem is combination trading. Simply, what that is trading the 4 hour chart in combination with a lower time frame. My favourite is the 30 min chart, however one could even use the 5 min chart to cement your trading plan and enter a trade at an optimum opportunity. Let's take an example: EURNZD - on the 4 hr chart it was quite difficult to find a good place to enter long but by coming down to the 5 min chart,...
hey jm, looking at eurnzd on the 4HR, the last candle is bearish and looks like it hit the top bollinger band and headed down. so would it be better to wait for it to head down and show more positive sign of going up again....since overall it looks up on the daily. what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-11 EURNZD,H4.jpg Size: 84 KB
Mother of Pips
does anybody have targets for next week??

i'm looking at:

GBPNZD up to 1.94400

NZDJPY down to 76.700

EURUSD down to 1.14875

USDJPY down to 113.00

comments? am i on the right track?
Mother of Pips
Hey jmtini,

Nice thread you have here. And it seems the beginning of a nice community with those who are contributing and sharing.

Try not to be distracted by those who disagree with your methods. They are not all trying to be purposefully disruptive even if that is what you perceive (I remember asking you to stop posting unrelated content in a thread of mine).

In the end if you believe that they are there to troll just hit the ignore button instead of engaging in a war of words.

I watched the video in post 1 and I think it is an interesting idea. If you believe in it just prove that it works and you will silence the idiots.

Good luck
Indentify > Plan > Accept > Execute
Quoting pipqueen18
does anybody have targets for next week?? i'm looking at: GBPNZD up to 1.94400 NZDJPY down to 76.700 EURUSD down to 1.14875 USDJPY down to 113.00 comments? am i on the right track?
I don't see current level as a good entry for short on USDJPY to 113 , if it retraces higher to 114 area the RR would be better. Shorting now into 113 is too close (see original video). A break below 113.0 and the 200sma and I would be interested in a target of 112.18.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1002554_USDJPY_2017-11-12_14-58-50.png Size: 53 KB
its all just one persons opinion....
AUD CAD at the bottom on the daily and H4 looking for a bullish signal there for long with potential all the way to .9913 area

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1002554_AUDCAD_2017-11-12_15-17-58.png Size: 70 KB
its all just one persons opinion....
0 traders viewing now