NEW SETUP ALERT!! (GBPAUD)...
GBPAUD formed a CHoCH on H1, and a pullback met the Order Block. I am taking a buy here with a stop loss below my Order Block. This trade's RR is around 1:4
NB:
Today's trade is my second entry on this pair. Last week I took my first entry "because of the Order Block on D1.. RR was around 1:3 ( swing trade )."
The first screenshot is for the H1 entry, and the second screenshot is for the D1 entry. All the best !
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do you think is it possible to create an EA for this strategy ? with Hard SL and trailing or TP ?LIVE UPDATES
Our second entry of GBPAUD running 90+ Pips
Feel the power of SMC & patience....
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Sure mate! You can use any timeframe... Although, sometimes many trades hit the stop loss (SL). I prefer to use a good risk-reward ratio (1:3, 1:4, 1:5, 1:7). This is what keeps me on the positive sideYou can check the trades below... On EURUSD, I used 1:7 RR, while on AUDUSD, I used 1:5 RR
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NEW SETUP ALERT!! (GBPAUD)...
GBPAUD formed a CHoCH on H1, and a pullback met the Order Block. I am taking a buy here with a stop loss below my Order Block. This trade's RR is around 1:4
NB:
Today's trade is my second entry on this pair. Last week I took my first entry "because of the Order Block on D1.. RR was around 1:3 ( swing trade )."
The first screenshot is for the H1 entry, and the second screenshot is for the D1 entry. All the best !
View attachment 159902
View attachment 159903
do you think is it possible to create an EA for this strategy ? with Hard SL and trailing or TP ?
NEW SETUP ALERT!! (GBPAUD)...
GBPAUD formed a CHoCH on H1, and a pullback met the Order Block. I am taking a buy here with a stop loss below my Order Block. This trade's RR is around 1:4
NB:
Today's trade is my second entry on this pair. Last week I took my first entry "because of the Order Block on D1.. RR was around 1:3 ( swing trade )."
The first screenshot is for the H1 entry, and the second screenshot is for the D1 entry. All the best !
View attachment 159902
View attachment 159903
Do you draw the Fibonacci retracement lines from the BOS to the low low?NEW SETUP ALERT!! (GBPUSD)
GBPUSD formed a CHoCH and a pullback met the Order Block. I am taking a sell with a stop loss above my Order Block. .. RR is around 1:5
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Exactly, from the entry point to the lower low / higher high !Do you draw the Fibonacci retracement lines from the BOS to the low low?
NEW SETUP ALERT!! (USDCHF)
USDCHF formed a CHoCH and a pullback met the Order Block. I am taking a buy with a stop loss below my Order Block. .. RR is around 1:5
View attachment 160058
NEW SETUP ALERT!! (GBPUSD)
GBPUSD formed a CHoCH and a pullback met the Order Block. I am taking a sell with a stop loss above my Order Block. .. RR is around 1:5
View attachment 160059
NEW SETUP ALERT!! (GBPUSD)
GBPUSD formed a CHoCH and a pullback met the Order Block. I am taking a sell with a stop loss above my Order Block. .. RR is around 1:5
View attachment 160059
I personally think thats the biggest part of this strategy we all need to learn on our own. How to read the market structure, the break of structure, the change of character and the trends. I am working through the tutorial videos posted at the start. Takes time to absorb but I think it is worth it.thx for share but we need more information how to place right the Fibo... where to analyse, which TF.. and where to take the signal (take the trade and in which direction) and why? and when to avoid a trade... thx in advance![]()