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(GBP/USD Update) Billionaire's Club

  • #101
  • Dec 19, 2024 10:49pm Dec 19, 2024 10:49pm
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  • #102
  • Edited Dec 20, 2024 12:11am Dec 19, 2024 11:27pm | Edited Dec 20, 2024 12:11am
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}
This is a wonderful strategy that attempted to squeeze some bucks against the trend.

(1) The entry was too fast for me because it triggers automatically given no room to allocate appropriate Stoploss.
(2) I would have loved to join buyers at pullback but price run to 10/15 min. MA100 representing Sellers minimum zone. With the understanding that Sellers may decide to continue running the trend from any point, I will stand aside until touch of 5618. Looking to Sell from 1.2547 and 1.2570/93 zone.

(3) Better to trail anti trend profit to break even and wait for your TP to trigger.

Goodluck friend.
Market Structure is the King.....
  • #103
  • Dec 19, 2024 11:52pm Dec 19, 2024 11:52pm
Quoting ThaoAnh
{image}
All points on charts, no matter how powerful are subjective until it plays out.

Buying this ways shows you are extra confidence that Buyers are there but might probably be wrong.

Best is to mark the zone, what out for price reaction and make entry using either 30 or 1 hour candle resistance..
Market Structure is the King.....
  • #104
  • Dec 19, 2024 11:58pm Dec 19, 2024 11:58pm
Quoting Abeylyn
{quote} All points on charts, no matter how powerful are subjective until it plays out. Buying this ways shows you are extra confidence that Buyers are there but might probably be wrong. Best is to mark the zone, what out for price reaction and make entry using either 30 or 1 hour candle resistance..
Thanks Sir
  • #105
  • Dec 20, 2024 12:42am Dec 20, 2024 12:42am
Quoting ThaoAnh
{image}
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  • #106
  • Edited 1:53am Dec 20, 2024 1:38am | Edited 1:53am
Quoting Abeylyn
{quote} This is a wonderful strategy that attempted to squeeze some bucks against the trend. (1) The entry was too fast for me because it triggers automatically given no room to allocate appropriate Stoploss. (2) I would have loved to join buyers at pullback but price run to 10/15 min. MA100 representing Sellers minimum zone. With the understanding that Sellers may decide to continue running the trend from any point, I will stand aside until touch of 5618. Looking to Sell from 1.2547 and 1.2570/93 zone. (3) Better to trail anti trend profit to break...
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The plan will be to go in the direction of 4 hour trend.

This is 15min. chart.

Looking to Sell at pullback to 1.2505 Stoploss @ 12 pips above the high. 1st TP at 20 pips from entry.

Higher probability point to sell is 1.2547 and 1.2570/93 but since price is trying to go down at touch of 15min. MVA 100, I am going to Sell and damn the consequences.
Market Structure is the King.....
  • #107
  • Dec 20, 2024 5:14am Dec 20, 2024 5:14am
Quoting ThaoAnh
{quote} {image}
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  • #108
  • Edited 5:51am Dec 20, 2024 5:41am | Edited 5:51am
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}
PipCenturion is the man of the day.

He was able to trade against daily, 4 hourly and hourly trend successfully.

He defeated Abeylyn who is a Swing Trader in the direction of trend. Abeylyn lost 25 pips to the move from Anti-trend position that was taken by PipCenturion.

I would appreciate it if PipCenturion could enlighten the traders community about his steps.

Congratulations to PipCenturion.
Market Structure is the King.....
  • #109
  • Dec 20, 2024 5:41am Dec 20, 2024 5:41am
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  • #110
  • Dec 20, 2024 5:51am Dec 20, 2024 5:51am
Quoting Abeylyn
{quote} PipCenturion is the man of the day. He was able to trade against daily, 4 hourly and and hourly trend successfully. He defeated Abeylyn who is a Swing Trader in the direction of trend. Abeylyn lost 25 pips to the move from Anti-trend position that was taken by PipCenturion. I would appreciate it if PipCenturion could enlighten the traders community about his steps. Congratulations to PipCenturion.
I didn't hold the trade until TP.
I exited when you posted your sell set up.
I think @ThaoAnh is the one that should be celebrated today.
Congratulations @ThaoAnh.
  • #111
  • Dec 20, 2024 5:58am Dec 20, 2024 5:58am
Quoting ThaoAnh
{quote} My opinion {image}
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  • #112
  • Dec 20, 2024 6:05am Dec 20, 2024 6:05am
Quoting ThaoAnh
{quote} {image}
Move within range until year end
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  • #113
  • Dec 20, 2024 6:23am Dec 20, 2024 6:23am
Quoting pipcenturion
{quote} I didn't hold the trade until TP. I exited when you posted your sell set up. I think @ThaoAnh is the one that should be celebrated today. Congratulations @ThaoAnh.
It's important to be yourself because of your uniqueness.

You would have trailed to break even using HMA and allow the trade to run.

I think Thao's entry did not triggered. It was below the daily low.
Market Structure is the King.....
  • #114
  • Dec 20, 2024 6:30am Dec 20, 2024 6:30am
Quoting ThaoAnh
{quote} Move within range until year end {image}
Yes, it is possible to move within range but I have not seen such signal on chart.

The zone printed at the centre should be around 1.2547. It's part of my analysis today where we could get heavy Sellers. Next to these is 1.2570/90..

However, you must be sure price is actually going down before Selling. Pick your Stoploss 12 pips above the high and 1st TP at least 20 pips.

That's my perspective.
Market Structure is the King.....
  • #115
  • Dec 20, 2024 6:43am Dec 20, 2024 6:43am
Quoting Abeylyn
{quote} It's important to be yourself because of your uniqueness. You would have trailed to break even using HMA and allow the trade to run. I think Thao's entry did not triggered. It was below the daily low.
Again PipCenturion,

You can use default settings of Forex Factory to trail your entry to break even. The timeframe discussed are available there... If okay by you, I will give you the settings.

It is the same as Zebi's settings. One of the trader here... If he's totally wrong then Forex Factory cannot be right.

All strategies are good but success rate depend on the trader.

Hope you got the point.
Market Structure is the King.....
  • #116
  • Dec 20, 2024 6:49am Dec 20, 2024 6:49am
Quoting pipcenturion
{quote} I didn't hold the trade until TP. I exited when you posted your sell set up. I think @ThaoAnh is the one that should be celebrated today. Congratulations @ThaoAnh.
Thanks Sir.
I am trying to study everyday
  • #117
  • Dec 20, 2024 6:50am Dec 20, 2024 6:50am
Quoting Abeylyn
{quote} Yes, it is possible to move within range but I have not seen such signal on chart. The zone printed at the centre should be around 1.2547. It's part of my analysis today where we could get heavy Sellers. Next to these is 1.2570/90.. However, you must be sure price is actually going down before Selling. Pick your Stoploss 12 pips above the high and 1st TP at least 20 pips. That's my perspective.
Yes Sir
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  • #118
  • Dec 20, 2024 8:58am Dec 20, 2024 8:58am
Quoting Abeylyn
{quote} {image} The plan will be to go in the direction of 4 hour trend. This is 15min. chart. Looking to Sell at pullback to 1.2505 Stoploss @ 12 pips above the high. 1st TP at 20 pips from entry. Higher probability point to sell is 1.2547 and 1.2570/93 but since price is trying to go down at touch of 15min. MVA 100, I am going to Sell and damn the consequences.
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Casting my bet on the final lap.
Market Structure is the King.....
  • #119
  • Dec 20, 2024 9:25am Dec 20, 2024 9:25am
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  • #120
  • Dec 20, 2024 9:39am Dec 20, 2024 9:39am
Quoting ThaoAnh
{image}
Hello,

Your structure should be connected to a zone on your left.

Look at your left, there is a structure already marked by price... Join your zone to it... That is the standard.
Market Structure is the King.....
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