Hi Switch4h 3rd hit trend line is a popular trade. It actually...

Hi Switch

4h 3rd hit trend line is a popular trade. It actually was the one that got me looking at why some traders had different trend lines which in fact was because we have different data.
IG markets operates on BST (British stand time)which is an hour different to other providers so their charts are an hour of data different because they don't start there day at the same time.
IG use IT Finance for their charts and it is they who opertae on BST.
http://www.it-finance.com/

What does that mean?

simply it means that an IG 4h chart and trend line will not be the same as others so you are only charting a 'part' of the market.

Do a google search on 4h trend trading strategy. There was a big discussion about it but can't recall where. Some of the guys swore by it but they were not using IT Finance charting.

There strategy was the 3rd bounce had to happen with in the week to be valid.

your trade looks to be playing out ok :)


good luck