4 Hour Retracements

Discussion in 'Intra-day Trading' started by erebus, Apr 11, 2015.

  1. erebus

    erebus TFG Forum Legend

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    Just posting this as I notice some discussion on the forum about starting a 4H thread. Not that I will post here very often, just putting some ideas out there.

    A quick look at even the most traded EUR-USD for last week and even a novice could have made pips without too much risk.

    All you need is to determine the overall longer time frame direction - we know that Europe has a QE program in place; long term bearish on the EUR pairs, so watch for any retracements on 4H, use breakout pending orders to the SELL side.

    Might be helpful for some people working and can only check charts occasionally.

    What do you think? Can you spot any tradable candlestick signals on this chart? Can you find similar setups on other pairs?

    Have a great week everybody! 12-04-2015 6-20-29 AM.png
     
    lukaszfx likes this.
  2. TheForexGuy

    TheForexGuy Forex Mentor

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    Thanks Erebus

    Yes absolutely, 4 hour trading ideas usually work well when they resonate well with what's going on with the daily chart. I am working on an alert feature that will alert us to 4 hour candlestick patterns while we're watching the daily chart. Stay tuned:)
     
  3. tahir123

    tahir123 Forum Newbie

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    I am interested
     
  4. Sarb Nyota

    Sarb Nyota Forum Newbie

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    Hi Forexguy, Did you manage to get the alert finished?
     

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