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GBP (British Pound)

When you catch a trend, ride it till the end [LIVE TRADING TIPS]Hey whatsup guys!\ Denis here the lead trader at Primedtraders! In todays lesson I want to go over our idea of trend trading in day & swing trading environment! DAILY TRADING LESSON When you catch a trend, ride it till the end When momentum is on your side and your system agrees with the move (up or down), then by all means ride it till the end (next key level). Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. (i.e. whats happening with GBPJPY right now) But I have reasons to be in this trade and until those reasons change, im a short-seller of GBP vs JPY. Here are just some reasons: On the technical side we have a breakout of a key level and a solid bearish continuation pattern, momentum is down and there are strong reasons it will continue to stay down... On the JPY side Coronavirus is increasing uncertanity and that makes the JPY a buy as its a safe-heaven asset especially in Asia (where the virus is hitting the hardest) On the GBP side we have uncertainty with Brexit and how things will work out for the GBP.. Don't get scared by random noise... wait for real confirmations based on the close of each candle.... worst case just let a trailing stop take you out of this trade and don't get back in when you get out! "The rend is your friend except at the end where it bends. - Ed Seykota"
Education
by PrimedGroup
GBPCHF – Sellers on the decisional edge Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPCHF – Sellers on the decisional edge Trend : Sell/ Neutral Support/Resistance: R3: 1.30175 R2: 1.28902 R1: 1.28029 S1: 1.26765 S2: 1.25092 S3: 1.24123 S4: 1.22013 Price action: Overall flow is neutral, because the market still didn't decide which side is dominant. At the moment sellers are more powerfull then buyers, but we can't said yet this is sellers trade till the price break S1 level. If sellers will break S1 level, then price will follow potencial bear targets. If sellers will make fakeout then we have to wait for market decisions and finding new our potencail Elite spot. Thoughts on this trade spot: At the moment GBPCHF currency pair is bearish. The problem we see is at current point because sellers didn't take advantage for selling lower, but they stopped. First we have to wait for buyers pull back that is dependent on next supportical resistance levels. Continuation from previous week* Potencial trade idea: Bulls targets: T1: 1.28902 T2: 1.30175 Bears targets: T1: 1.25092 T2: 1.24123 NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
Hypothetical UK Election Trade ...Election results come in... (for which party will be in government). which results in a rise or fall in GBP due to it's significance (in this instance it was seen as a good result and GBP rose). -We know there is going to be volatility, so we can profit regardless of whether the price goes up or down as when the price reaches certain points (A if price rises and B if price falls) it will trigger a trade which will cancel the other one -Can be executed on many pairs/ stocks if large results are due. -Eliminates bias with OCO order. --(DISCLAIMER) Set TP and Trigger point on major support resistance, you don't want to trigger then go the opposite direction!! Straddle Trades can be good for profiting regardless on where the price goes (in times of high volatility) and you could have made some good profits here, this could be replicated for trades such as EUR/GBP, Non farm payroll, US Elections etc... and are also known as OCO (One Cancels the Other) orders
Education
by Sampdm8
GBPCHF Documented MA Trade + 77 Pip Potential (hit 60 Pip Profittoday we started with a slightly mixed market (only 2 bullish pairs) but a preference to sell because of the gap down at the Sunday open. After the GBP pairs pushed down (and we got a great breakout trade), we set-up an MA trade on this pair. This was the last to reach the MA. and clearly worked the best. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. These trades have been like an ATM machine over the last month :) Just keep stacking those positive days :) Allen
Education
by AGold54
4
GBPCHF– Buyers might looking for higher price levels.GBPCHF– Buyers might looking for higher price levels. Trend: Strong Buy Support/Resistance: R4: 1.32568 R3: 1.31354 R2: 1.30288 R1: 1.28926 S1: 1.28275 S2: 1.27360 S3: 1.26577 Price action: Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade. Potencial trade idea: Bulls targets: T1: 1.30288 T2: 1.31354 T3: 1.32568 Bears targets: T1: 1.27360 NOTE – We are trading GBPCHF via the preferred trading setups ELITEFXACADEMY Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
GBPCAD Documentted MA Trade +47 Pip PotentialToday we started with a GBP bullish view but after the GBP pairs pushed down, we set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the confluence of the MA and the 60 KS. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. Since this trade triggered later in the London session only about 75% in the trading room took advantage of either this pair or GUSD. All who got in made money :) Just keep stacking those positive days :) Allen
Education
by AGold54
2
GBPAUD Documented MA trade + 50 PipsToday we had a nice push down in the GBP pairs which set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the MA as opposed to the MA coming to price. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. GA is also my favorite pair. Everybody in the training room banked + 50 pips on the trade, Nice and easy. Have a great weekend!! Allen For those traders who I gave extra time to decide if they want to join, remember Monday is the deadline.
Education
by AGold54
9