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Category Archives: 4 Hour Chart Trading
4 Hour Forex
More to come….
Posted in 4 Hour Chart Trading, EURUSD Trades, GBPUSD Trades, Losing Trades, Trades Missed, Trades Taken, Trading Definitions, Trading Psychology
Tagged British Pound, cable, day trading system, Euro, EURUSD, foreign currency trading, forex, forex blog, forex profit targets, forex scalping, fx, GBPUSD, money management, ninjatrader, profit targets, short trade, stop loss decisions, Swing Trading, trading psychology
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GBPUSD 4 Hour FInal Chart, V2
Well, price never got to where I wanted it to go, but the stop loss was a good call too. Funny how price went to the other weekly pivot area. Weekly pivots ARE good with 4 hour charts.
Posted in 4 Hour Chart Trading, GBPUSD Trades
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Directional Call in GBPUSD – Final
Well, a bit of news pushed the CABLE up and hit our stop at 1.5781. 59 pips to the good.
Directional Call in GBPUSD – Update 2
Well the GBPUSD currency pair moved back down on the 4 hour chart but as you can see the Bollinger Band indicator is contracting. When the Bollinger Band contracts, this typically signifies lower volatility. Anyway, I would be tightening my stop to … Continue reading
Posted in 4 Hour Chart Trading, GBPUSD Trades, Winning Trades
Tagged Bollinger Bands, British Pound, cable, foreign currency trading, forex, forex blog, forex profit targets, fx, GBPUSD, ninjatrader, pivot lines, profit targets, short trade, stop loss, stop loss decisions, Swing Trading, Trade Management, Weekly Forex Pivots
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Directional Call in GBPUSD – Update
Well so far so good on the directional call of the GBPUSD based on the 4 hour chart. Price has moved nicely down from the high of the bar that touched both the upper Bollinger Band and the Weekly Pivot at … Continue reading
Directional Call in GBPUSD
I usually don’t make direction calls in a currency pair based on one chart alone, and I certainly won’t be entering blindly to the short side on what I am about to show you. The 4 hour (240 minute) chart … Continue reading
Trading with the Overall Trend
Trading with the overall trend means that we just take trades in the direction of the trend based on a higher time. This time frame shouldn’t be too much higher than the time frame you want to enter trades on (in … Continue reading
4 Hour Chart Entry Indicator
People love an indicator, especially new traders. An ideal entry indicator shows you when to enter a trade long or short and tells you when to stand aside when price action is choppy. Our FXTC entry indicator helps us position our … Continue reading