H4 is still the key - forex news trading room

H4 is still the key ~ forex news trading room

Price has broken out of its indecision area. About 12 hours on the rise after the star (+) on H4. The bull candle open at 1.55746 and rose to 1.56792 so far (about 105 pips). The next hurdle for the reversal is at 1.57087, if that is taken, 1.57988 could be on the horizon. However, being a Friday, it could be a slow movement. All the the facts are in H4.
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Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
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Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
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Follow The First Reversal H4 Candle Using M15 - forex pre news trading

Follow The First Reversal H4 Candle Using M15 ~ forex pre news trading

This current sentiment now is that GBPUSD has formed a 200-pips box (flag) between 1.57807 and 1.55081. A break out of either side will determine the next direction. Until this happens any prediction is mere speculation.

To play the range, follow H4. The most effective method is to follow the first reversal H4 candle using M15 as entry around 30. The red horizontal line on RSI gives early indication of when to take profit or lock your profit. Now the trend is up, reversal on M15 around 70 is a signal to either take or lock your profit by either using trailing stop or shifting your stop loss.
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Everything is in the chart! - forex market news paper

Everything is in the chart! ~ forex market news paper

When I noticed double top in GBPJPY early this month on both H4 and D1, I posted two charts on this tread on the likely areas (indicated by the yellow boxes on the charts) where the double top is likely to take us. From the look of things, we are heading to 126.739. If we get there, I will re-evaluate where we may likely go next. Everything is in the chart



Happy trading!
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H4 is the key 4 day traders - forex news trading robot

H4 is the key 4 day traders ~ forex news trading robot

This is what I discussed earlier about H4 and its advanced notice. After the last signal it gave, it is currently preparing to give another signal. If you missed the last signal for your short term trade, wait for another signal from M15. Furthermore, look at where price is currently sitting on D1 - a crucial point! This is where I am currently watching for the medium term/long term. Will it hold or will it break? Only time will tell.
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GBPUSD Current Outlook - forex news trader pro

GBPUSD Current Outlook ~ forex news trader pro

In forex trading it is important to have the larger time frame in mind.


The fourth chart is the weekly chart. The trendline where the price touched and bounced back is the downward trendline from 11 of August 2007. As long as price is on top of line, the move move upward is still valid.

The third chart the daily tells us that the downmove is still valid, probably what is happening is a retrace.

The second chart which is our ever reliable H4, tells us that price is taking a breather and the signal was given around 1.53800. The line on the sand now is around 1.53800.

The 1st chart is M15 which showed when the signal was given.

How do you trade this for a short term trader looking for 40-100 pips per trade? Wait for the current HR candle to close if the next candle open above 1.53800, the retrace is confirmed. Follow the candle and take your pips.

Another way to trade this is, since the daily chart shows that the fall is still on, wait for the current reverse to end and follow the next bear candle. Either way you will get your pips. The advantage you have with H4 is that you are guaranteed enough notice. If you look at your GBPJPY H4 Chart you will observe almost identical set up.

If you pick only 5 pips daily, 25 weekly and 100 monthly based on the recommended lot size to the account value, you will increase your account by 10% at the end of the month.
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GBPUSD Still within 200 pips H4 box - forex news trading strategy pdf

GBPUSD Still within 200 pips H4 box ~ forex news trading strategy pdf

When I posted the last chart, I mentioned that Cable has formed a 200 pips box. Price broke out of the box briefly on Friday and the two H4 candles that moved out of the range opened and closed in the box. We are still within the box and the big boys have not made up their made on the direction to go. We are still in an area of consolidation. If you look at the chart below when the price was on its way to 1.60000 it stayed within the current zone but for just about 4 days. We have spent about 7 days within the zone so far. It is very crucial area, a break out of the zone, will determine the next direction. For a break upward, the area to watch out for is 1.57030. For the downside, the support is at 1.54419. This is where to watch out for if you are trading GBPUSD. As usual use the reliable H4 and M15 to plan your trade.
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