Euro / British Pound Forum & Chats (FX_IDC:EURGBP)

JCFRGNT

2 hours ago

As per the plan ! :D

ShortSellerTrader

6 hours ago

All station, this is com. Set condition to ultra quietly 😅😅😅.

JCFRGNT

9 hours ago

EURGBP SHORT DAILY FORECAST Q3 D8 W28 Y25

Professional Risk Managers👋

Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.

Let’s see what price action is telling us today! 👀

💡Here are some trade confluences📝

✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified

🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.

📈The rest, we leave to the balance of probabilities.

💡Fail to plan. Plan to fail.
🏆It has always been that simple.

❤️Good luck with your trading journey, I shall see you at the very top.

🎯Trade consistent, FRGNT X

JergaG

3 days ago

When trading price movements, traders always strive to determine where the price will go.

This compulsion leads most of them to close losing positions!

The strong urge that comes from this — that price must do what the trader predicted — is what ruins the position.

Price must always be handled as and where it is! This we know. This is certain.

Until 2016, EURGBP was my favorite pair. I traded it with a very well-functioning and manageable strategy. However, Brexit changed its movement.

In the 9 years since, I haven’t given up, and I’m still a trader! A trader who builds everything around personal development.

Thanks to this mindset, I can use the simplest strategy. I always analyze the chart based on existing information and make decisions according to the levels visible there.

The entry point is not the most important!

Our exit point is what matters! Because if that’s in profit, then even 100 points can be enough as annual profit. You just need a high lot size for that. But if you knew you’d have 100 points, how much would you risk? A lot! Everything…

So in the image, you can see the “sideways” channel formed over the past 9 years of EURGBP, yet you can still identify a series of lower highs and lower lows.

Currently, it’s moving within a 600-point range upward from the most recent low after the confirmation of the latest high. It's now only 200 points away from that point.

If a new lower high forms here, then in time, price could close below the previous low.

A tight stop can be used at this entry point and a very large limit. I aim to achieve a 1:20 position with this trade this year.

Follow the price, and if proper confirmation occurs, a short entry may be made.