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Target trading with the Big boys on the 4 hour chart

  • #161
  • Dec 6, 2017 4:01am Dec 6, 2017 4:01am
Eurgbp stated moving upside look this
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 37 KB
FUNDEDNEXT STEP-1 (MODEL-1&3) Return Today: na
  • #162
  • Dec 6, 2017 1:02pm Dec 6, 2017 1:02pm
Quoting sangra28
Eurgbp stated moving upside look this {image}

Hi sangra

Unfortunately EURGBP is in a 1 hour chart downtrend right at the moment but tomorrow is another day!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 45 KB
  • #163
  • Dec 6, 2017 1:04pm Dec 6, 2017 1:04pm
USDCHF

Guys I like the look of this pair. I really do - right up to 1.000
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 63 KB
  • #164
  • Dec 6, 2017 1:08pm Dec 6, 2017 1:08pm
GBPCAD

Well I expected a retracement but not quite as violent!

So if it stays above the ema line then we can look for a nice easy upward movement and retest of 1.7450

That's a lot of pips guys!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH4.png Size: 44 KB
  • #165
  • Dec 6, 2017 1:20pm Dec 6, 2017 1:20pm
Looking at the GBPCAD, technically there's room for further upward move. On both the W1 and H4 time frames, momentum for northward disposition has increased. See attached H4 chart; the magenta coloured trendline (H4) is aligned with the W1 trendline (navy colour).

Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_Technical_Update_H4_6th_Dec.,_2017.png Size: 55 KB
Do your homework, follow the footprints of smart money
  • #166
  • Dec 6, 2017 1:54pm Dec 6, 2017 1:54pm
Quoting jmtini
{quote} Hi GEfx Yes I thought so too. And there is no doubt that the big boys are using the 4 hour chart to identify targets. GBPCAD EURCAD Both pairs running into support areas so I think we will see significant retracements later {image} {image}
Great call jmtini,asleep at the time so missed them but I hope you did.
  • #167
  • Dec 7, 2017 4:46am Dec 7, 2017 4:46am
Quoting mallee
{quote} Great call jmtini,asleep at the time so missed them but I hope you did.

Hi mallee

No I missed it because I was at work and unable to trade!
  • #168
  • Dec 7, 2017 4:47am Dec 7, 2017 4:47am
Quoting KeenPips
Looking at the GBPCAD, technically there's room for further upward move. On both the W1 and H4 time frames, momentum for northward disposition has increased. See attached H4 chart; the magenta coloured trendline (H4) is aligned with the W1 trendline (navy colour). Trade safe and prosper. KP {image}

Thanks for the insight KeenPips. Like your chart!
  • #169
  • Apr 17, 2018 3:05pm Apr 17, 2018 3:05pm
Quoting jmtini
GBPCAD Well I expected a retracement but not quite as violent! So if it stays above the ema line then we can look for a nice easy upward movement and retest of 1.7450 That's a lot of pips guys!! {image}
Hi Jmtini,

Can you share your 4hr base currency strength indicator and support & registant indicator.

Thanks
Kibria
  • #170
  • Apr 17, 2018 4:30pm Apr 17, 2018 4:30pm
Quoting gkb46
{quote} Hi Jmtini, Can you share your 4hr base currency strength indicator and support & registant indicator. Thanks
Sure.

They are posted below.
Attached File(s)
File Type: mq4 #4X 2010 Forex Power.mq4   5 KB | 455 downloads
File Type: ex4 Support and Resistance Breakout Arrows.ex4   15 KB | 481 downloads
  • #171
  • Apr 18, 2018 1:33am Apr 18, 2018 1:33am
Quoting jmtini
{quote} Sure. They are posted below. {file} {file}
Many thanks.

The horizontal aqua & blue lines are manually drawn or is that any indicator.

Best regards,
Kibria
  • #172
  • Apr 18, 2018 3:35am Apr 18, 2018 3:35am
Quoting gkb46
{quote} Many thanks. The horizontal aqua & blue lines are manually drawn or is that any indicator. Best regards,
Sorry they were manually drawn after a review of the situation at that time
  • #173
  • Apr 28, 2018 2:04am Apr 28, 2018 2:04am
Hi everyone

I think it's time to revive this thread because there is no doubt that the 4 hr chart is probably the best chart to trade. Although one wonders how many small traders actually trade off the 4 hr chart - it is so tempting to go down to the lower time frames and therein lies the spiders web!

Having a look at GBPUSD, it's at a key support area 137.50 and if it breaks through (which I think it will) we're going down all the way to 135.50. After that we can re-assess
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 64 KB
  • #174
  • Apr 28, 2018 4:43am Apr 28, 2018 4:43am
GBPJPY

Well it looks like at last this pair is tradeable after the correction since the bounce off 200 ema ended and it broke through major support areas yesterday. Next one down is the big one at 150.00 which I think will be taken out on Monday as GBP looks weak for the forseeable future. My suggestion though is to wait for the breakthrough and enter a trade on retest (which will almost certainly occur)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 54 KB
  • #175
  • Apr 29, 2018 1:41am Apr 29, 2018 1:41am
The video mentions having 2MA's; one for the daily trend and one for the 4hr trend. What are the values of those 2 indicators?
  • #176
  • Apr 29, 2018 4:49am Apr 29, 2018 4:49am
Quoting lctrader11
The video mentions having 2MA's; one for the daily trend and one for the 4hr trend. What are the values of those 2 indicators?

Hi

I don't know, sorry. They do use the 200 ema that's for sure. But I'm not subscribed to their service so I have no further info.
  • #177
  • Apr 30, 2018 11:13am Apr 30, 2018 11:13am
GBPJPY

Well it hit a bit of a brick wall at 150.00 as expected. It is a strong support area so GBP will have to be a lot weaker then it is now to break through. Trouble is that I expect GBP-positive news tomorrow because of the weaker Pound so we may not see a breakthrough at all until later in the week.


GBPCAD

I lot more bearish and if we break through 1.7600 support it's all the way down to 1.7300. However it depends on how the news tomorrow affects the position. In any case I wouldn't advise entering a short now unless you're confident of a breakthrough
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 58 KB
Click to Enlarge Name: GBPCADH4.png Size: 50 KB
  • #178
  • Last Post: Mar 8, 2020 4:12am Mar 8, 2020 4:12am
Good morning Mtinifx, your trading discussion has really opened my eyes to targets targets targets. No other forum has ever explained it the way u have done it. Thanks alot for this Information.
Please, I would like this particular discussion to continue.
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