Transcript for:
GBP/USD Trading Strategies and Insights

back folks this is Michael we're going to take a look at some Forex price action here and gbpusd London session so there's a cell side equility grade and displacement to the upside shift and Market structure and my eye is initially set right there on that premium cby and short-term High where it's buy side and you may notice that there is an accumulation underway here after that shift and Market structure to the upside and we're presently inside of the 250 am 310 am macro and yes it works on Forex so I'm going to be buying here inside of a reclaimed bissy fair value Gap I'll annotate that in a moment just give me a second here right here okay so Market has broke below that and now while Market structure and the underlying narrative for higher gbpusd for London is under way then we can look back at Old bullish fair value gaps I'm going to copy this here and drag this up to the by side that initially looking at here as a draw it could go higher just above the 130 a.m high but for now just for the sake of illustration and here's the Cy here so that's a premium array relative to where we are at now and these are very very low hanging fruit objectives so while it could trade above the 130 High um not requiring it so we're trading back down inside of that 230 fullish Fair V got I just bought more right now I'll move my take profit up into that Cy now the nearer term by side liquidity pool that formed around 2:30 a.m. that is a minor B quility pool and I'm going to also highlight here a inversion fair value G which we may accumulate I want to see it stay above the consequent correction or midpoint of that and notice my uh my stop loss is in the lower half of that inversion Fair B Gap in Orange you see that midpoint right here and my stop is just in the lower half of that right there so I want to see some movement to the upside so the algorithm is going to be firing off a continuous delivery of higher prices regardless of what the buying and selling pressure is okay you see that little 130 high up there just below the buy button just flash that uh that might be a 4:00 event so I showed you the executions here it's not Mark replay this is the sake of disclosure this is a demo or paper trade I don't have any funds in a Forex broker account but I I wanted to show you I get a lot of requests for Shelton Forex Shelton Forex does it work in Forex it doesn't work in Forex anymore ICT the problem is is the ranges are very very small right now in Forex I think as we go further into the year uh they the new presidency and the uh policies that he's trying to implement is going to facilitate a lot more movement in the foreign exchange over global trade so it's got to be a little bit more patient than some of you have exhibited all right so I want to see it move away from that bullish Fair Val Gap it's a reclaimed fair value Gap it's right now accumulating around the consequent encouragement or that little dotted line inside the blue rectangle I expect it to start moving higher and a wonderful signature to confirm that would be large bullish green candles that's my initial run so a low hanging fruit objective for partials is that bed pool that's annotated right there potential immediate rebounds if it touches the uh one minute candle two candles back reduce some of the risk here shouldn't trade down to that now that's immediate let me buy one more it for you here this is my immediate rebalance this is codified to provide continuous price run entry points you don't need uh any highlevel complications when a candle comes back and trades to a previous High when my side is being delivered it's easy to buy that you see the Precision there just in Striking Distance with that uh partial I just uh filled it while I was up sorry you can see it nonetheless now the low of that Cy that's in blue that were just beneath I'm going to try to take a partial as it hits that or gets real close to it simply because the range of varation small and I'm not going to be babysitting the entire London session excuse me okay another partial taken off the fining final balance I'll leave to limit out now at 350 410 macro if we're Above This Civ here uh it could probably run for that 130 fly for buy side maybe stretch it out a little bit further I'm not going to be a Sit that because it might have to retrace back into the inversion fair value Gap and the reclaimed fair value Gap to do that so it's too much of retracement for me to have any interest in it but that would still be a London session uh trade idea you would want to see the bodies respecting these specific areas I've shaded specifically the one at the 130 Cy that's highlighted here we're just beneath the Target and there it is it's filled so there you are friends and family in the Forex Community uh my algorithm still works there just the range are presently smaller hope you enjoyed it take care be safe