Patience is not simply the ability to wait - it's how we behave while we're waiting... Never enter if you not sure. Rather put stop orders, especially when you are impatience. Go short when the candle closes below 1.26872. or go long when the candle closes above 1.27907.
this will only be clear once the candle closes below 1.26872. Look it 15 minutes time frame,...
Tendency: Downtrend ( Bearish )
Structure: Harmonic | Cypher
Observation: i. i. Point B retracement of the primary XA leg lies at an approximate of 0.618.
ii. Point C falls within the 1.272/1.414 projection of the primary XA leg.
...
Here is the Weekly review for the week of January 20th through the 24th:
Another strange week as the GBP pairs remained in a consolidation.
We only took one trade, which was a failed breakout on GBPAUD on Monday for a loss of -27.6 pips.
Recognizing and adapting to the current market conditions we became more selective with our trades. By doing so we avoided...
GBP/CHF is in an uptrend movement.
It forms a rising wedge pattern & moves in a positive direction by breaking the resistance.
Hence, it will be bullish from here
I bought recently the completion of the wave C of the assumed flat.
Will close as the 5 waves complete, and wait patiently for the structure to provide an entry point to sell the bigger wave down
GBPCHF is a easy one to trade on this weekly chart.
Its on its 5th wave down to challenge 1190 pips.
We can still hunts pips in the downtrend swing next week.
Good luck on finding out entry signals.
LESS IS MORE!
Contingencies:
Plan for the worst and have contingencies. As was I preparing for today’s trading session, I lost my internet. But I had a contingency in place.
There are 3 main issues traders can face, in addition to the market.
1. You can lose Power,
2. You can lose internet,
3. Your computer crashes
It is prudent to have contingency plans in place for all the...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
GBPCHF is a easy one to trade on this weekly chart.
Its on its 5th wave down to challenge 1190 pips.
We are still looking for entry to sell it.
But now its not a good time.
Patience is what we need.
Good luck for hunting 1000 pips.
LESS IS MORE!
The British Pound vs. Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The British Pound is one of the premier reserve currencies and represents the world's largest financial center. In turn, the Swiss Franc is used as a reserve currency around the world and is currently ranked rarely 5th or 6th in value held as reserves after the United States dollar, the euro, the Japanese yen, the pound sterling and the Canadian dollar.
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