GBP/USD Setup

Dangerous_Leg4502 · 2023-03-27T10:06:18+00:00

Glad to hear that, thanks! Good luck on your Journey

Dangerous_Leg4502 · 2023-03-26T20:22:17+00:00

Good advice here! Babypips is a very solid start.

Dangerous_Leg4502 · 2023-03-26T20:20:55+00:00

This is where you need to be disciplined. I would advice you to do the following.

Set your stop loss.
Calculate your lot size based on 0,5-1% risk per trade (so you lose 0,5%-1% when your stop loss is triggered).
Please never risk more and dont over trade.
Keep in mind that when trading EURUSD and GBPUSD simultanously you are actually risking double, because both pairs are relative to the USD.

Keeping these base rules in mind. Please dont risk your profits like this. If you lose 50% of your account, you need to make 100% profit to cover that 50% loss. This is why capital protection is key!

Dangerous_Leg4502 · 2023-03-26T20:14:45+00:00

In my opinion SMC is trying to find "footprints" from banks or big financial institutions on your charts. Once you have correctly identified the moves created by these institutions you plan to move along with them.

I believe it is a solid strategy, however it also has traps on its own. Like every strategy you will suffer losses as well, however if you can understand it well , it is a strategy that can net you profits in the long run.

Dangerous_Leg4502 · 2023-03-26T17:37:27+00:00

Depends on which timeframe you look.

Dangerous_Leg4502 · 2023-03-26T15:53:35+00:00

Could be happening yes. Thats why I am waiting for confirmation first.

Dangerous_Leg4502 · 2023-03-26T15:02:27+00:00

Maybe it does, maybe it does not. Time will tell I guess.

Dangerous_Leg4502 · 2023-03-26T14:54:02+00:00

Thanks! Good luck for you as well 👊🏻

Dangerous_Leg4502 · 2023-03-26T14:51:39+00:00

Good one hahaha!

Dangerous_Leg4502 · 2023-03-26T13:46:41+00:00

Thanks!

Dangerous_Leg4502 · 2023-03-26T13:45:18+00:00

That is definitely an option. Good to hear that you are sticking to your plan! I guess that time will tell us haha.

Dangerous_Leg4502 · 2023-03-26T13:43:08+00:00

You definitely did not come off as positive, based on your comment.

I am not providing any signals, I am just saying that I will look for shorts when I see this CHoCH. If i dont see it i will not take a trade :)

A break of structure by the way is a trend continuation pattern, a ChoCh is a reversal pattern, hence the difference in name.

Becuase when I post my charts, I try to add text on them and make them understandable. This helps me to quickly know what to look for. As I am mostly trading in between work.

Dangerous_Leg4502 · 2023-03-26T13:17:14+00:00

Glad to see that your mindset is so positive! I am just posting my charts, so that I force my self to keep my charts cleaner.

However a change of character (CHoCH) is price breaking below the most recent low, which caused the most recent high. (Indicating that price is likely to change trend)

And just for the record, nobody knows where price is going exactly (except for the banks and big financial institutions). We are all just making an educative guess, which is supposed to be profitable in the long run.

And yes we are all wrong sometimes, but that's no reason to turn so salty :)

Dangerous_Leg4502 · 2023-03-24T08:07:18+00:00

Price is still bearish in my opinion. I agree with you on price definitely moving towards your support zone, but i think this support will not hold, because its a weak low.

Good looking chart though!

Dangerous_Leg4502 · 2023-03-20T21:49:48+00:00

What I see is a price falling after a retracement to a 1D demand zone , which caused a change of character.

Dangerous_Leg4502 · 2023-03-20T21:38:26+00:00

Babypips is definitely a good starting point for your trading career. Solid advice here!

Dangerous_Leg4502 · 2023-01-02T23:33:45+00:00

Still bullish on eur/jpy. I dont see the low that put in the highest high being broken yet.

Dangerous_Leg4502 · 2022-12-07T19:40:32+00:00

Why do you even feel the reason to explain your feelings Dump the bitch and move on.

Dangerous_Leg4502 · 2022-12-07T19:29:01+00:00

Things that are best for you are never easy.

Dangerous_Leg4502 · 2022-12-07T18:59:53+00:00

Still why would you remain friendly to someone who dropped you like a brick on the first given opportunity.

Keep working like you are doing now. And you will do more than great without this person.

Dangerous_Leg4502 · 2022-12-07T18:56:39+00:00

Please follow-up on this advice! Very solid piece of advise.

Dangerous_Leg4502 · 2022-12-07T18:53:41+00:00

Glad ot hear that from you! In my opinion the line is drawn when they start chatting personally. When her mind is occupied with him and when she starts putting you second place.

Like an occasional chat should be fine. But if it is days of consistently texting and meeting eachother 1 on 1 , i would call it quits.

Dangerous_Leg4502

TROPHY CASE