(GBP/USD Update) Billionaire's Club | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

History Data Usd/gbp Not Gbp/usd 2 replies

Attachments: (GBP/USD Update) Billionaire's Club
Exit Attachments

(GBP/USD Update) Billionaire's Club

  • #81
  • Edited 8:18am Dec 19, 2024 7:58am | Edited 8:18am
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...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB

The 1st chart that was earlier sent today was to give a general idea of what price may likely play out.

Now that it has been played, this is the new chart to be focused.

Just like balloon that expand and compress. The compression must be represented as a chart for purpose of concentration.
Market Structure is the King.....
  • #82
  • Edited 8:12am Dec 19, 2024 7:58am | Edited 8:12am
Quoting Abeylyn
{quote} {image} {image} {image} {image} 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.
glad you decided to move your SL yesterday
PA today is counterintuitive with BOE leaving rates the same running stops for a move to 1.24 is possible, also profit taking can not be ruled out for end of year. fund managers have significant monetary incentive to show EOY profit.
hope you didn't get stopped out
good luck today

Just looked at the daily structure, price went 1 pip above Tuesday low, that was where all the limit sell orders were, the exact opposite of the Monday entry we discussed SL should have been 5% north of Tuesday's low imho.
"The Rich Never Pay Retail"
  • #83
  • Dec 19, 2024 8:08am Dec 19, 2024 8:08am
Quoting teprewitt23
{quote} glad you decided to move your SL yesterday PA today is counterintuitive with BOE leaving rates the same running stops for a move to 1.24 is possible, also profit taking can not be ruled out for end of year. fund managers have significant monetary incentive to show EOY profit. hope you didn't get stopped out good luck today
All possibilities were factored as components of Risk which was managed.

Even taken me out of these trade takes nothing because I am on a free ride.

Personally, it's difficult for me to use events/news release to determine direction because of my personal believe and laziness to read through so many stories that gives complex interpretation.

My focus is always on the technicals.
Market Structure is the King.....
  • #84
  • Edited 8:32am Dec 19, 2024 8:17am | Edited 8:32am
https://www.forexfactory.com/attachm...w?_=1734617792
Just looked at the daily structure, price went 1 pip above Tuesday low, that was where all the limit sell orders were, (the rich that missed the move get to sell) the exact opposite of the Monday entry we discussed SL should have been 5% north of Tuesday's low imho. That was also the place to add to short positions, if you train you eyes to listen to this, you will see it repeat with fairly reliable frequency. It as solid theory and worked well for buy and sell positioning this week, imho. With that said, the trading day is not over and so far Wednesday low is in tact, so anything can happen. "The Rich Never Pay Retail". "Old Man Shit"
Attached Image (click to enlarge)
Click to Enlarge Name: GBP daily.JPG Size: 8 KB
"The Rich Never Pay Retail"
  • #85
  • Dec 19, 2024 8:20am Dec 19, 2024 8:20am
Quoting teprewitt23
https://www.forexfactory.com/attachm...w?_=1734617792 Just looked at the daily structure, price went 1 pip above Tuesday low, that was where all the limit sell orders were, the exact opposite of the Monday entry we discussed SL should have been 5% north of Tuesday's low imho. {image}
Let me study the chart ...
Market Structure is the King.....
  • #86
  • Dec 19, 2024 8:21am Dec 19, 2024 8:21am
Quoting Abeylyn
{quote} All possibilities were factored as components of Risk which was managed. Even taken me out of these trade takes nothing because I am on a free ride. Personally, it's difficult for me to use events/news release to determine direction because of my personal believe and laziness to read through so many stories that gives complex interpretation. My focus is always on the technicals.
you are on the best track, fundamentals/news/stories can all be created/fabricated, but price action is the very best and only indicator to use imho
"The Rich Never Pay Retail"
  • #87
  • Dec 19, 2024 8:30am Dec 19, 2024 8:30am
Quoting teprewitt23
https://www.forexfactory.com/attachm...w?_=1734617792 Just looked at the daily structure, price went 1 pip above Tuesday low, that was where all the limit sell orders were, the exact opposite of the Monday entry we discussed SL should have been 5% north of Tuesday's low imho. {image}
Basically, I don't use static rule to determine these. More so, I pick my key level from daily. I don't use it for entry or calculate stoploss.

I always follow 4 hour trend. The Stoploss or take profit is a function of Fibonacci retracement to pullback/ expansion... It's not always same because the pullback expansion is a function of liquidity and volatility. Two footprint that looks alike doesn't have same content of liquidity/volatility.

I may be adjudge wrong but that is my own process and perception.
Market Structure is the King.....
  • #88
  • Dec 19, 2024 8:38am Dec 19, 2024 8:38am
Quoting teprewitt23
{quote} you are on the best track, fundamentals/news/stories can all be created/fabricated, but price action is the very best and only indicator to use imho
A lot of confusion from us traders. Okay, technical indicators are used to study footprint that is printed by price action...

Two bullish or bearish engulfing considered as PA can never be the same. Technical studies comes in to show the difference.

We have so many strategies in the market. Also very conversant that some traders using PA alone are successful but I settled for what works for me and give peace of mind.

It's not nice for us discussing which is best but rather go into real life application. I am opened to advise and would always adjust if yours is better.
Market Structure is the King.....
  • #89
  • Edited 10:17am Dec 19, 2024 10:05am | Edited 10:17am
Quoting Abeylyn
{quote} {image} The 1st chart that was earlier sent today was to give a general idea of what price may likely play out. Now that it has been played, this is the new chart to be focused. Just like balloon that expand and compress. The compression must be represented as a chart for purpose of concentration.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB


Here is the outcome of today's trading given out bountiful profits.

It's obvious that it's a real live studies that earned the profit, all steps time stamped here...

A nice day for the billionaires.
Market Structure is the King.....
  • #90
  • Dec 19, 2024 10:17am Dec 19, 2024 10:17am
Quoting ThaoAnh
{quote} {image}
My opinion
Attached Image (click to enlarge)
Click to Enlarge Name: 217.png Size: 17 KB
  • #91
  • Dec 19, 2024 10:26am Dec 19, 2024 10:26am
Quoting ThaoAnh
{quote} My opinion {image}
These depends on your trading plan. It may work out.

For me, I will not trade against 4 hour trend until another daily support level is touched. I will continue to add Short at every pullback until daily support.

Go through the analysis of today to identify the zone earmarked by me as Daily Support.

Goodluck.
Market Structure is the King.....
  • #92
  • Dec 19, 2024 10:46am Dec 19, 2024 10:46am
This site is meant for real live interactive discussion on trading. My personal step is already recorded on these site and time stamped.

It's important to point out that many professionals are also here on FF who can assist using real live trading approach.

Therefore, drop you daily analysis, charts and corroborative evidence to enable any of the smart traders conduct real live analysis with you. It's an interactive discussion to make a better trader.

Displaying daily profit may be misconstrued by some other professionals. Therefore, that will be encouraged ONLY during analysis on chart submitted for general analysis.

Thanks for your understanding.
Market Structure is the King.....
  • #93
  • Dec 19, 2024 10:47am Dec 19, 2024 10:47am
Quoting Abeylyn
{quote} These depends on your trading plan. It may work out. For me, I will not trade against 4 hour trend until another daily support level is touched. I will continue to add Short at every pullback until daily support. Go through the analysis of today to identify the zone earmarked by me as Daily Support. Goodluck.
Attached Image (click to enlarge)
Click to Enlarge Name: 218.png Size: 15 KB
  • #94
  • Edited 10:09pm Dec 19, 2024 10:56am | Edited 10:09pm
Quoting ThaoAnh
{quote} {image}
You may be correct but not in my own plan to Buy.

Justification:

(1) I am a medium term Swing Trader.
(2) It's wrong for me to Buy against 4 hour trend at minor Support even if there is double bottom or setup looks profitable.
(3) I may go long at Daily Support and possible interesting zones already sent in my 1st analysis today.

I hope I am able to give clarification.
Market Structure is the King.....
  • #95
  • Dec 19, 2024 11:04am Dec 19, 2024 11:04am
Family
Attached Image (click to enlarge)
Click to Enlarge Name: 20241219_181745.jpg Size: 207 KB
MrNoBody Return Today: na
  • #96
  • Dec 19, 2024 11:06am Dec 19, 2024 11:06am
Quoting Glensih
Family {image}
I don't know your trading plan but if it were me that SL needs to be moved lower
If you think you can or cannot do it you are correct
  • #97
  • Dec 19, 2024 11:29am Dec 19, 2024 11:29am
Quoting Olu
{quote} I don't know your trading plan but if it were me that SL needs to be moved lower
Yes, you are correct.

I am only being lazy because associated risk was factored into initial 75% already banked.

It will be adjusted when I get back to my computer.

Thanks for reminding me...
Market Structure is the King.....
  • #98
  • Dec 19, 2024 11:38pm Dec 19, 2024 11:38pm
Greetings everyone,
today I am expecting a buy from 1.2490
Target will be at 1.2556
Stop loss at 1.2465
Quite possibly, sellers might be at 1.2556 to make the downtrend continue.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241220-063447.jpg Size: 326 KB
  • #99
  • Dec 20, 2024 12:29am Dec 20, 2024 12:29am
Quoting pipcenturion
Greetings everyone, today I am expecting a buy from 1.2490 Target will be at 1.2556 Stop loss at 1.2465 Quite possibly, sellers might be at 1.2556 to make the downtrend continue. {image}
Good morning dear mate. So nice to hookup up with you again.

Remember, we met several years ago 2010/2012 thereabout in a SKYPE group organized by Glen Jeff... I am aware u don't know it was organized by me and Glen.. A guy named Angel, Ramo and co. were group members. It was a very large group.

So nice to hookup up with you again.

Looking at your short term trading plan, u have the intention of buying against hourly trend.

Let see whether we can Conner some pips to ourselves.
Market Structure is the King.....
  • #100
  • Edited 2:39am Dec 20, 2024 12:43am | Edited 2:39am
Quoting pipcenturion
Greetings everyone, today I am expecting a buy from 1.2490 Target will be at 1.2556 Stop loss at 1.2465 Quite possibly, sellers might be at 1.2556 to make the downtrend continue. {image}
It's necessary to emphasize that the daily trend is downward, 4 hour trend is downward and 4 hour candlestick direction is also bearish.

As a medium term Swing Trader, my primary objective is to look for Selling opportunities.

With the understanding that you have the intention of making a quick bucks against the decision of primary market movers, I will be looking at possibility of Buying for few pips....

Note that I will not look for Buy any longer as soon as price touches 10 or 15min. MA 100/200. Reason being that Seller may likely be waiting and there would be the need to Take profit even if we already Buy.

Price just touch MA100 of 10 min. chart. For me to play safe, I will not Buy even if there is pullback into Demand..

Possible area to look for Sell 1.2547, 1.2570/93. (5618 zone)

No matter how juicy, I will not Buy to get to that level. Sellers can decide to continue acceleration from any point.

Advice you start trailing your profit.
Market Structure is the King.....
0 traders viewing now