thread: Target trading with the Big boys on the 4 hour chart

1 Attachment(s) Installation for transactions this week
https://www.cliqforex.com/general-fo...nectivity.html

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quote Hello JM, I think by limiting charts to H4 you are missing the bigger picture... There is a great chance Price will go up from where it is but the Bigger Picture is Bearish. image

Hello

Thank you for your input. However please note this is a 4 hour chart system and egy. Yes the big picture is important. At the moment the EURCAD shirt is around 1.5200 and also the bottom round 1.3800 . That's about 1400 pips however few are trading that it one go! In fact we do not understand if 1.5200 is really the top as EURCAD is within an uptrend that has not yet been broken. What we are looking at here are intraday targets on the 4hr chart. Those targets are usually identified as certain clusters - if you watched the movie at the very first article you will understand what I am talking about. We identify those targets and gun to get them if we understand that the smart money is heading in that direction. As I said in my article above, I would only consider buying EURCAD if EUR turns strong and CAD is feeble. It's just an alternative depending what the situation is over the next day or 2.

Finally, by zooming out our 4hr chart, one can actually get a good idea of the general trend as we can look at price action since the middle of June (see below)
https://www.cliqforex.com/general-fo...803-trade.html

Trade for week- buy soon
https://www.cliqforex.com/general-fo...tes-pairs.html
https://www.cliqforex.com/trading-sy...s-markets.html

https://www.cliqforex.com/general-fo...ion-forex.html

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quote Yes it'd be nice - EURCAD needs to be brought into the equation when EUR is strong tomorrow (and who knows it may be!) 1.4850 is now a resistance but when it breaks throughout that area then there's some wonderful empty space! picture

Hello JM,

I think by restricting charts to H4 you are missing the bigger picture...

there's a fantastic chance Price will go up from where it is but the Larger Picture is Bearish.
https://www.cliqforex.com/trading-sy...ng-market.html

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I believe cad, it will weaken. I am hoping so.

Yes it'd be nice - EURCAD has to be brought to the equation if EUR is powerful tomorrow (and who knows it might be!) 1.4850 is presently a resistance but when it breaks through that area then there is some nice empty space!
https://www.cliqforex.com/trading-sy...-intraday.html

I believe cad, it will weaken.
I expect so.

Nice thread, Jmtini. Will follow closely! I am also searching for entrances on GBPCAD and USDCAD, let's see how the week unfolds.

Thanks joyride.

Yes I think the CAD pairs look the most promising seeing because there is a lot of empty space above or below so we can decide on a healthful target.

I would love to relook in GBPAUD and say that if GBP is feeble tomorrow, it may be a nice bet down to the 1.6900 place


Everybody do feel free to post your H4 (4hr chart) prognosis on any trading pair you like. Should you place a chart then just 4 hr chart please!


ONLY CONSTRUCTIVE AND OBJECTIVE POSTS ON THIS THREAD PLEASE . THAT'S ALL I ASK. THANK YOU

JM

Thank you

Wonderful thread, Jmtini. Will follow carefully!
I am also searching for entries on GBPCAD and USDCAD, let us see how the week unfolds.

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Hi JMTINI thanks to your thread. What ema are you using - 1 is 200 what are others

Hi rayandi

They are the 24 ema and the 12 ema. You can of course use bollinger bands but I favor the ema lines

I have added weekly interval separators on the chart below. I believe that it's quite beneficial to find that the general tendency for the whole week which you can do on the 4 hr chart.

GBPCHF - appears to be in limbo following all the fun last week but I am inclined to believe that it's probably going up again since it formed a new bunch of support around 1.3050 in which event we're heading around 1.3120. Still I would recommend waiting until it breaks out firmly 1 way or the other.
https://www.cliqforex.com/trading-sy...g-journal.html