How to Catch the Huge Market Moves: How to Predict and Enter the Big Market Moves in Forex,Commodities and the Indices. by L.R. Thomas

Author:L.R. Thomas [Thomas, L.R.]
Language: eng
Format: epub, mobi
Publisher: LR Thomas Enterprises
Published: 2014-11-20T00:00:00+00:00

We can see on the daily chart below that there are good spots at a the green daily channel trend line and pull backs to previous daily support levels to look for entries.

However when we go down to the four hour chart we can really fine tune our entries.

Here are the first two potential four hour entries at the pull back to daily support now turned resistance, the first trade would only have worked as a short term swing trade.

However the second entry could have been held for the whole move down. The green dashed lines are daily support and resistance and the blue dotted and dashed lines are the four hour support and resistance levels.

The stop losses should go above the previous blue four hour resistance level.

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