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(GBP/USD Update) Billionaire's Club

  • #61
  • Dec 18, 2024 1:10am Dec 18, 2024 1:10am
Quoting Abeylyn
{quote} Take Notice of the following: (1) Identify your key level inside Daily Chart. (2) Identify your trend/ anti-trend inside 4 hour chart. (3) Make Entry and calculate Stoploss inside 1 hour chart. Therefore, Daily, 4 hour and 1 hour chart are necessary...
Thanks Sir.
Helps a lot.
  • #62
  • Dec 18, 2024 1:10am Dec 18, 2024 1:10am
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  • #63
  • Dec 18, 2024 1:19am Dec 18, 2024 1:19am
Quoting ThaoAnh
{image}
Your zoning is nice.

I think you are getting closer.

Stoploss is 12/15 pips above the high of your zone. Then if you are stopped out, nothing to do.

That's the best you can do....

You continue repeating same process to make profit or loss but your edge come from repeating same process over and over.
Market Structure is the King.....
  • #64
  • Dec 18, 2024 6:16am Dec 18, 2024 6:16am
Quoting ThaoAnh
{image}
It's important to note that all Support resistant indicators including Bollinger Band ( So many of them) are meant to identify a structure that is on the left of the chart.

The structures represent actual Support turn Resistant or Resistant turn Support that has been printed by price on chart. As soon as you are able to trace your structure on the left, it becomes a zone where you watch out for breakout or reversal.

Therefore, if structure on the left have been identified and a zone drawn on the chart, remove any indicator that is used to locate the zone and focus on Price Reaction around your zone.

Hope this explanation will guide you.

Waiting for price to play so as for me to do an updated chart..

Goodluck
Market Structure is the King.....
  • #65
  • Edited 1:30pm Dec 18, 2024 1:17pm | Edited 1:30pm
Quoting Abeylyn
{quote} {image} This battle is very vicious. The bull against my entry but I am not afraid. Risking just 0.05 of Capital Base with assurance that repeating same process severally will give me an edge. If the bull can have it, we shall be looking at next resistant zone around 1.2755/70. If the seller were able to win this battle, we shall be taken profit around 1.23xx. Caution at 1.2607/15. Any better suggestion are welcome.
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Here is the results... This is not a magic because any experience trader can repeat the process.

Already taken off 75% of the trades and banked the profits.

25% is still running free without any risk attached...

Nice compensation after lots of patience and endurance.
Market Structure is the King.....
  • #66
  • Dec 18, 2024 1:22pm Dec 18, 2024 1:22pm
Well done Sir, very disciplined. hope you get a daily close below 1.26
daily uptrend is still in tact.
no victory lap yet.......there is still the press conference and BOE to come, again congrats so far.
"The Rich Never Pay Retail"
  • #67
  • Dec 18, 2024 1:32pm Dec 18, 2024 1:32pm
Quoting teprewitt23
Well done Sir, very disciplined. hope you get a daily close below 1.26 daily uptrend is still in tact. no victory lap yet.......there is still the press conference and BOE to come, again congrats so far.
Thanks bro for the complement.

No risk is attached to the current running trade so market can either give me more or I retained what has already been given to me...

Nice interacting with you.
Market Structure is the King.....
  • #68
  • Dec 18, 2024 1:42pm Dec 18, 2024 1:42pm
Quoting Abeylyn
{quote} Thanks bro for the complement. No risk is attached to the current running trade so market can either give me more or I retained what has already been given to me... Nice interacting with you.
you as well, good fortune
"The Rich Never Pay Retail"
  • #69
  • Dec 18, 2024 2:59pm Dec 18, 2024 2:59pm
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  • #70
  • Edited 1:14am Dec 19, 2024 12:11am | Edited 1:14am
GBP/USD UPDATE 19/12/24

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Daily Trend is bearish, 4 hour trend is bearish, 4 hour candlestick direction is also bearish at the moment.

Intraday Market Sentiment is bearish not Ranging.

Special Remark, price has broken out of 1.2605/20 support opening room for further downside @ 1.2510/20 and 1.2430/40

Liquidity grab against daily trend located at 1.2550/70 where price is operating at the moment. There is the need for a daily candle close below liquidity zone to confirm continuity to downside.

Swing traders to watch out for price reaction at pullback to 1.2640/60 and 1.2689/90 zone.

I wish all a nice pipping day.
Market Structure is the King.....
  • #71
  • Dec 19, 2024 4:05am Dec 19, 2024 4:05am
1.23000?
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!! Radha Radha !!
  • #72
  • Dec 19, 2024 4:40am Dec 19, 2024 4:40am
Quoting ThaoAnh
{image}
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  • #73
  • Dec 19, 2024 5:31am Dec 19, 2024 5:31am
Quoting Abeylyn
GBP/USD UPDATE 19/12/24 {image} Daily Trend is bearish, 4 hour trend is bearish, 4 hour candlestick direction is also bearish at the moment. Intraday Market Sentiment is bearish not Ranging. Special Remark, price has broken out of 1.2605/20 support opening room for further downside @ 1.2510/20 and 1.2430/40 Liquidity grab against daily trend located at 1.2550/70 where price is operating at the moment. There is the need for a daily candle close below liquidity zone to confirm continuity to downside. Swing traders to watch out for price reaction at...
Best Entry price to Short GU @ 1.2651 Stop 1.2680.

l am prepared to take the loss and move on....
Market Structure is the King.....
  • #74
  • Dec 19, 2024 5:53am Dec 19, 2024 5:53am
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  • #75
  • Dec 19, 2024 6:06am Dec 19, 2024 6:06am
Quoting suhas316
1.23000? {image}
Your chart's colors are very nice. I like it
  • #76
  • Dec 19, 2024 6:08am Dec 19, 2024 6:08am
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  • #77
  • Dec 19, 2024 6:29am Dec 19, 2024 6:29am
Quoting ThaoAnh
{quote} Your chart's colors are very nice. I like it
Thanks
!! Radha Radha !!
  • #78
  • Dec 19, 2024 7:19am Dec 19, 2024 7:19am
Quoting ThaoAnh
{quote} {image}
This is already played. Need to update to reflect current high/ low zone.

I will get to it as soon as I get back to my computer.
Market Structure is the King.....
  • #79
  • Dec 19, 2024 7:20am Dec 19, 2024 7:20am
Quoting ThaoAnh
{image}
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  • #80
  • Edited 8:17am Dec 19, 2024 7:44am | Edited 8:17am
Quoting ThaoAnh
{quote} {image}
Not fine for me.

Only two zones will be relevant for decision making purpose. Then, expect a break below or above....

Let me try and send mine....

Learning Forex trading is so complex that it can take eternity. Takes even 100 years to learn without showing signs of profitability.

Best is for you to look for type of trading system that is easy to trade and manage by your personality and stick to your style.

It's very key.
Market Structure is the King.....
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