Trading GBP/USD

H
@headies25284 - 4 months ago
Quoted - yokoyi

😂

The market isn’t respecting my analysis for now. It’s better I wait for the month to close.

H
@headies25284 - 4 months ago

I will be looking at taking a long trade the moment this engineered liquidity is swept on 4hrs timeframe.

H
@headies25284 - 4 months ago

When the 4hrs liquidity is swept, I will head straight to 1hr or 30min and look for a breakout to the upside. When I see that , I can confidently enter a buy trade.

H
@headies25284 - 4 months ago
Quoted - yokoyi

Looks great so you will be lookoing to buy

yes, i will be looking for a buy. i need to see a breakout on the 1hr or 30min timeframe to be sure of the buys.

H
@headies25284 - 4 months ago
Quoted - headies25284

The low has been swept, we can now expect buys to the upside to take out the high marked.

The liquidity has actually been swept on 4hrs but unfortunately i haven't seen a breakout on the 1hr or 30min timeframe. In otherwards, i will just keep an eye on what the market wants to do.

H
@headies25284 - 4 months ago

we are still bullish though on this pair.

M
@mr_casey - 4 months ago

can we see the 30 min timeframe showing yor expectations? tnx

H
@headies25284 - 4 months ago
Quoted - mr_casey

can we see the 30 min timeframe showing yor expectations? tnx

A break above that zone with a full body candle will give me enough confidence to buy.

H
@headies25284 - 4 months ago
Quoted - headies25284

A break above that zone with a full body candle will give me enough confidence to buy.

We just had a break above that zone with a full body candle. I will wait for the current 4hrs candle to close before opening a buy position.

C
@chaka_muanzi - 4 months ago
Quoted - headies25284

A break above that zone with a full body candle will give me enough confidence to buy.

But you said a close above the level will be a buy so why wait another 4 hours again? 4 hours is a lot of time to wait for a day trader

C
@chaka_muanzi - 4 months ago

because when you wait 4 to 8 hours for a trade, it means when you finally execute it, you should let it run for the same amount of time.

H
@headies25284 - 4 months ago
Quoted - chaka_muanzi

But you said a close above the level will be a buy so why wait another 4 hours again? 4 hours is a lot of time to wait for a day trader

I need to wait for the 4hr candle to close, it gives me More confidence to take the trade.

The truth is based on my experience of how I trade this system, I easily get a 1:3RR on a daily basis as long as the system presents itself

H
@headies25284 - 4 months ago

I entered a buy trade with a 16pips stoploss

H
@headies25284 - 4 months ago
Quoted - headies25284

I entered a buy trade with a 16pips stoploss

We are up 17pips for this trade. You can breakeven your trades.

Y
@yokoyi - 4 months ago

Okay you mean you bought at this dotted line?

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