6B1! trade ideas
6B Short Idea at 1.3510I have an alert set for when 6B comes into that 4 Hr Supply. A few more basing candles than I would like before the drop but it was a strong enough move to add to the watchlist. It also comes into a weekly LVN right above that Supply Level. One thing I will say is because that high was so weak, almost 7, 4 hour candles with almost the same high, I believe there is a chance we punch through and repair that weak high before we get the rotation, therefore my stop will be a little wider than usual, and I'll be trading less contract. Im gonna be front running the weekly LVN by a tick, cause I also think there is a chance we reject strongly off of the LVN and often times it will start rejecting a tick early. My stop is going above the anchored VWAP (off the recent High on the 13th) which also is where the 100 EMA on the Daily falls as well.
As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and documentation, and hopefully these Ideas help somebody to find some trades of their own. I would Love to see anybody elses Idea links in the comments. Happy Trading Everybody. Good Luck this week
6B Waiting for long potision.- Context: DX Us index show weakness.......GBP in strong trend.
- GBPUSD:( 25.5% Long and 74.5% Short) Retail trader data shows 25.5% of traders are net-long with the ratio of traders short to long at 3.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.
- We have weak high 1.3745 and the other one 1.2833 which we had in Oct last year.
- Basicly we have price at LVN and VAH in VP week now, so maybe price will bounce off VAH. And we have Low Volume Nodes from yesterday (zone 1.367) and VPOC, we should waiting price reach zones and looking for confirmation.
GBP Expecting Lower PricesThis is the Daily Timeframe.
KEEP IN MIND: This analysis is solely based upon Institutional Structure, nothing else.
When an impulse takes out a previous low, it creates a Break of Market Structure (BMS), showing signs of weakness. When a previous low has been violated, the swing high that was formed prior to the violation of the low turns into a Protected High (PH). This means that we expect the market to sustain bearishly and stay BELOW the Protected High.
GBP has kept breaking lows and creating new PH's whom none of them have yet been violated to the upside.
I expect GBP to keep moving lower. I am only bearish until we break a newly created PH to the UPSIDE , as this means that we might move higher. But as long as GBP keeps doing these moves we can expect GBP to weaken in the long run.
The Weekly timeframe is doing the exact same thing, and I expect GBP's price to go lower for the next months UNTIL we break a PH to the upside, showing signs of strength.
GBP Index - bullishWithin a channel and approaching channel resistance. Ideally one more push higher before dropping. Could be tuesday or wednesday. GBPXXX SHORT XXXGBP LONG
GBP/USD with incoming Demand from VSABriefly and to the point - VSA Scanner shows the incoming demand on the H1 chart on the Cable (GBP/USD) in the form of the protected zone and the occurrence of two Shakeout signals. The zone was broken on top where Effort to Rise was visible. Additionally, the broken zone from above was tested by the appearance of No Supply. We are in the volume zone on the D1 chart. A proposal with a target around 1.3445, where we have another not yet tested volume zone on H1. Ratio Risk / Reward 3.5
gbp indexgbp index for all gbp pairs we are trying to help you, stay safe , i hope you all a brilliant trade
6B GBPUSD Three Drives Long 6B GBPUSD its forming/completing what it looks to be a three drives pattern. If prices pushes down to the marked area with a green box and shows a reason to enter a trade such as rejection of the area then a long opportunity could be taken. For those that are more conservative, waiting for 1hr bullish market structure would be ideal before entering a trade.
New trading strategy upgrade - GBPGBP is building a very strong bottom on day chart, let's see how it has a strong correction then we are ready to buy for a good long swing trading.
New trading Strategy upgrade - GBPHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.
British pound futures position adjustThis is a continuation of the post on the B pound with new targets. I have one contract short so I'll readjust my stop to accomodate the new trade.
British Pound futures for the next couple of trading days.My forcast for British Pound for Monday-Tuesday.
GBPUSD | Pound it up dear Pound!Here are some of the major supports that I've recently found for GBPUSD.
- 1.3939~1.3949, 1.3905~1.3915, and 1.3876~1.3886
Long (Valid until 5/14 04:00)
EP: 1.3949
SL: 1.3935 (-14 ticks)
TP1: 1.3972 (+23 ticks)
TP2: 1.3998 (+49 ticks)
Long (Valid until 5/14 19:00)
EP: 1.3915
SL: 1.3901 (-14 ticks)
TP1: 1.3929 (+14 ticks)
TP2: 1.3939 (+24 ticks)
Long (Valid until 5/14 19:00)
EP: 1.3886
SL: 1.3862 (-24 ticks)
TP1: 1.3927 (+41 ticks)
TP2: 1.3944 (+58 ticks)
6B1!Hello everyone,
As you can see from the graphic the BRITISH POUND FUTURES varies between these 2 peaks, now it is start to fall, sell 6B1!
GBPUSD wedgeCable looks like has formed a wedge. Possible corection till +/- 1,335.
just keep in mind that a much bigger pattern is in the daily / weekly charts - H&S
GBP Test 5+2 Chart Pattern
+1 Candle Trading
+1 High time frame (1H ~)
+1 Selling power check
Strategy Quality 5 / 10
