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GBPUSD Intraday Trend Continuation On Friday, there was a notable rebound in GBPUSD. The 15-minute chart displayed a completed upward wavestructure, indicating a positive trend. Additionally, a secondary pullback trend started on the same day, and the final leg of the retracement, labelled as (c), is showing signs of concluding. At the current low, we observed a Market Structure Low reversal pattern, which holds significant importance. Furthermore, the price briefly dipped below the 3DL (3-Day Low), but failed to sustain below it. This occurrence serves as a genuine signal for bullish participation from a lower price range. Taking everything into consideration, it appears that a bullish approach is the most probable scenario for Cable (GBPUSD). However, if the price slides below the 3DL once again, we will abandon all long positions. Trade Details: Entry Long: 1.2437 Target: 1.2506 (Deep Correction Factor) Stop Loss: 1.2410 Happy trading!
Long
by Charts247TradingAcademy
Live Trading GBPUSD Strong ReversalThe GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached. However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The wavestructure is currently at ML 5, representing the last swing before a bullish reversal can be anticipated. Considering these factors, it may be opportune to consider a Long Trade from the LOD (Low of the Day), aligning with the market structure's low. Feel free to make informed decisions based on this analysis. Enjoy!
Long
by Charts247TradingAcademy
1
Live Trading GBPJPY Potential Trend ChangeWe have observed a significant development on the daily chart known as a Structural Failure, indicating a potential shift in the trend. The price experienced a notable pullback beginning on Friday, and today, analyzing the daily candles using the 4Bar rule, we have noticed a stronger downward conviction on the 5-minute chart. If the price remains below the 1DH (1-day high) throughout the day, there is a high likelihood that the downward slide will persist. We hope you find this information insightful and enjoyable!
Short
by Charts247TradingAcademy
1
EURUSD Live Trading - Short OTE ProfitHi all, Its been a long time since I posted, I've been doing the deep work behind the screen to finally formulate my rule set and investigation. Very excited to take this one to a live funding scenario soon as I have seen great success on a macro and paper trading level. The concepts I use are ICT OTE, Adapted, Adjusted however you want to refer to it but bottom line, I only trade via the concepts I learn from ICTS channel which is all free. I combine this with a "combined technical scoring system" = This gives me my qualified entries onto market. Nothing more than that to it for me, I like to keep it as simple as I can, Utilise time and price and market sentiment. I Don't think It needs to be more complicated than that, So if your trading is maybe take a look into it. Things started working nicely for me when I stopped over complicating the process and focused on learning to find the set up in the charts ( THIS DOES NOT MEAN MAKE A TRADE FROM NOTHNG) It simply means to train the reticular activation system of your brain to see your set ups in market both historically and in live scenarios. This is why paper trading and practice is a must. Ignore the monetary values they aren't real money. Also - Small edit, I meant to say LOWER highs and lower lows is a good sign for a bearish market. If I find more success with my method, I might share via YouTube, Not because I have anything to teach (ICT trader) for this, Simply because I might be able to help some people filter out the noise and focus on the concept of building a rules based system that is qualified by CTS score. A rising Tide lifts all boats - Stay perspicacious Hunter.
Short
by hunterprotocolFX
1
GOLD : What Should Be Ideal Risk Reward Ratio OANDA:XAUUSD A good risk/reward ratio could be seen as greater than 1:3, where you would risk 1/4 of the overall potential profit. For trading to prove profitable in the long term, a trader should not typically risk their capital for a lower risk/reward ratio, as this will mean that half or more of their investment could be lost. The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain. Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment. Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward). KEY TAKEAWAYS The risk/reward ratio is used by traders and investors to manage their capital and risk of loss. The ratio helps assess the expected return and risk of a given trade. In general, the greater the risk, the greater the expected return demanded. An appropriate risk reward ratio tends to be anything greater than 1:3.
OANDA:XAUUSDEducation
by INVESTRONE