How to trade GBPJPY?

How to trade GBPJPY?

How to trade GBPJPY?

How to trade GBPJPY?

I’ve been discussing a lot of forex pairs in my blogs lately.
And now it’s time to take a closer look at GBPJPY and how you can approach this pair.
I personally love GBPJPY but man oh man I also lost quite a bit of money on this pair in the beginning.
But once you can handle this pair, you can also earn a lot of money with this pair.
Let me put it this way GBPJPY is quite a wild pair.
You like it or not!

The behavior of GBPJPY.

Trading GBPJPY is a bit similar to trading GBPAUD and XAUUSD if you like excitement and action these are the pairs for you to trade.
It moves very aggressively and if you take a trade too early you will burn your fingers.
And your account if you don’t have good risk management of course!
But once you learn to recognize these sharp moves well and you know how to anticipate on them, you can also make a lot of Pips very quickly.

How to trade GBPJPY

How to trade GBPJPY

Above we see the line chart of GBPJPY and the nice movements between the Supply and Demand zones.
GBPJPY is therefore very good and clear to trade with Supply and Demand zones as long as you are patient and do not take a trade too quickly.

How to trade GBPJPY

How to trade GBPJPY

In the image above we see the same chart but switched back to the candlestick chart.
Do you also see all those liquidity spikes in the zones?
You can also see this a lot when you look back in the past of GBPJPY.
And that’s exactly why you shouldn’t get in too early with this pair.
Just wait patiently so you don’t get kicked out right away.

How to trade GBPJPY

How to trade GBPJPY

In the last image above we see the same chart again, but zoomed in a bit.
Here I have also clearly indicated the liquidity area.
Take that in your mind.
So do you see what I mean?
Price often tends to drop just a little deeper before the price finds its way up.
That’s why you have to be patient and actually wait for this to happen and then if you see the price come back up again, that’s a good indication of a possible buy.

Tip

To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly?
You will learn all this in the course, but applying it will take some practice.

 

Do you want to become Success Supply and Demand Trader or want to know how to trade GBPJPY?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

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Market structure forex

Market structure forex

Market structure forex

What is Market Structure?

In this blog I will tell you more about market structure in Forex.
Because what exactly is Market structure forex?
Market structure by definition is the simplest form of price movement in the market and it is important to be able to read it
They are the Swing Highs and the Swing Lows, the Supply and Demand zones and Support and Resistance Areas.
These are levels, which are easily identified and hold until they don’t.
Market structure is a trend following tool that traders read and follow based on how the price moves.
From bullish moves, to bearish and in between with ranges.

Market structure is also sometimes referred to as Price Action.
So we call it market structure because that’s how the whole market moves.
Understanding the trend and the expected movements that result from it and you will be a lot further along in your trading career.
It is therefore also very important to follow the market structure when you trade.
You have to know which way the market is going to be able to make a nice winning trade.

Market structure forex

Market structure forex

Market structure forex

What types of market structure are there?

To understand the market structure you really only need to know 3 things.
Namely the 3 sides that the market can go.
It is also crucial to be able to recognize these trends and also how to know that there will be a possible change in the trend.
The market moves in 3 structures: uptrend, downtrend and sideways.
The whole market revolves around these three concepts – this is how the market can move.

Using the Euro as an example:

-Up Trend: If the trend goes up the Euro is worth more.
-Down Trend: If the trend goes down the Euro will lose in value.
-Sideways Trend: Prices move in a narrow range.

If you can read market structure you will be able to understand and read the three terms above from the charts.
And you understand how to read a continuing trend.
But you will also learn to recognize a changing trend.
I also learn all this much more deeply in my course.

What is also very important to know and remember is that the trend can look different on each time frame.
For example, if you look at the Daily time frame, the trend can be mainly up.
But if we then look at the H1 time frame, we may see mainly a Downtrend at the moment.

Do you want to become Success Supply and Demand Trader or want to know more about Market structure forex?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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How to trade XAUUSD?

How to trade XAUUSD?

How to trade XAUUSD?

How to trade XAUUSD?

Gold is a liquid pair that’s why I love trading XAUUSD.
XAUUSD respects Supply and Demand levels very well and is therefore perfect to trade in combination with Supply and Demand Zones.
As you know I am a real Supply and Demand trader and this is a perfect combination for me.

Below you see a XAUUSD chart and I’ve highlighted the most recent Supply and Demand Zones including the lows and the highs where the price finds its liquidity.
So we can take advantage of it for break of structures or shifts in momentum with the big investors like the banks and the financial institutions.
Because they eventually move the market.
We apply part of the smart money concepts for this.
See also the next blog about smart money.

How to trade XAUUSD?

We can also see from the XAUUSD chart above that gold is very ranging right now.
Which in turn gives many opportunities to make nice trades on XAUUSD.
Whether it is trending markets or ranging markets, gold remains volatile and has an average of 100 to sometimes 250 pips per day.

XAUUSD Sessions.

The best sessions to trade gold for me are the London/New York overlap.
As most know I come from Europe and therefore i mainly trade the London and New York sessions.
And I always see gold moving even more when New York opens.
So I often like to use that overlap when trading gold.

Timeframe and Entry’s.

Gold really can be traded on any time frame.
As a Daytrader / Scalper, I mainly use the multiple timeframes such as the H4 H1 for overal bias/trend/momentum.
And the lower time frames M30 M15 and M10 for proper execution to also keep my risk to reward on point.
With regard to targets, I often use the most recent highs/lows because, as explained earlier, that’s where the most liquidity can be found.
And that, of course, combined with Supply and Demand.

Tips and tricks trading XAUUSD.

1. Trade from edges based on supply and demand.
2. Be aware of liquidity pushes (Deep liquidity pushes)
3. Understand the sessions you trade.
4. Use DXY (The US Dollar index) as confluence.

And finally, manage your risk!

Do you want to become Success Supply and Demand Trader or want to know more about How to trade XAUUSD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to count pips?

How to count pips?

How to count pips?

How to count pips?

A word often heard in the world of trading is perhaps the PIP.
And once you have entered the world of forex trading you will hear this word several times a day.
But what exactly is a PIP in Forex? I will explain all this to you in this blog.

How to count pips?

You need to completely understand how to calculate your wins and losses through the PIP.
Otherwise don’t even bother start trading.
The unit of measurement that indicates the change in value between two currencies is what you call a ‘pip’.
If the EUR / USD pair rises from 1.2250 to 1.2251, then the .0001 USD increases in value 1 PIP.
Simply, a pip is the last decimal figure of a quote.
Most pairs are shown to four decimal places, but there are exceptions such as the Japanese yen (to two decimal places).

Brokers. / How to count PIPS?

But watch out! There are brokers that show currency pairs different from the standard “4 and 2” decimal, but instead using’5 and 3′ number decimals.
What they actually do is showing fractional pips, “which are also called ‘pipettes.
For example, GBP / USD 1.51542 1.51543 moves, then it rises .00001 1 PIPETTE.
As each currency has its own relative value the value of the pip must be calculated for a specific currency pair.
We give an example in which we use a ratio of 4 decimal places.
In order to explain the calculations easier we exchange ratio set down like – so: EUR / USD at 1.2500 is “1 EUR / USD 1.2500.

Example exchange rate:
USD/CAD = 1.0200; or 1 USD to 1.0200 CAD; or 1 USD/1.0200 CAD.

(The value change in the “counter currency”) X (the exchange ratio) = pip value (in terms of the base currency)

Continuing this example, if we sell 10,000 units USD / CAD, then one pip change of exchange rate changes of approximately 0.98 in the position value (10,000 units x 0.00009804 USD / unit).
We say “approximately” because when the exchange rate changes, the value of each pip move is also changing.

Last important question that needs to be answered if you calculate the pip value of your position is:
‘What is the value of your pip in terms of your account currency?’
You’re trading at an international market you remember?
So not everyone on the whole world has chosen the same currency for their account.
Shortly, the value of the pip needs to be converted to the currency used at your account.

Do you want to become Success Supply and Demand Trader or want to know more about How to count PIPS?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
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Forex Trading

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

What is a stop hunt in forex?

What is a stop hunt in forex?

What is a stop hunt in forex?

If you have been trading forex for a while, you will probably have heard about a possible Stop Hunt.
But what exactly does it mean and what is a Stop Hunt?
I will tell you more about it in this blog.

Many novice forex traders will sometimes lose their entire account because they simply do not know where to place their Stoploss.
Institutional traders are the ones who profit from individual trader losses as there is a predictability in the behaviour of retail traders, and how they trade the Forex market.

Institutional traders like banks, hedge funds, investment firms often abuse the predictability and behavior of the retail traders and push the
price levels through these barriers in an effort to hit the stops and close the trades of retail traders.

Stop hunting sounds very negative to many retail traders because they think their individual stop losses are targeted on purpose.
But in reality Institutional traders are only looking for clear areas of stop-loss orders that are gathered at visible technical levels.

In short. / What is a stop hunt in forex?

Institutional traders will buy at levels where most retail traders have their stop loss.
For an institutional investor who trades much larger volumes, it is more difficult to execute an order with 1 trade.
So occasionally in order to fill a large order, the institutional trader will have to make the liquidity himself.
And how do they do that, you may now ask yourself?
Well since retail traders often hide their stop-losses at predictable technical levels this becomes a super good source of liquidity for the big players to target.

Most common technical levels that retail traders use to hide their protective stop losses are:

  • Support and resistance
  • Previous swing high or swing low
  • Big round numbers
  • Above/below technical indicators
  • Above/below chart patterns

What is a stop hunt in forex?

What is a stop hunt in forex?

There will be a lot of Stoplosses collected at these obvious levels, and institutional traders will bid the market at those particular technical levels, so they can get the needed liquidity to fill their big orders at the expense of the retail traders.

How do you find the stop loss orders with stop hunting?

We now know that with a stop hunt they prefer to catch as many fish as possible, so these are the people with a sell / buy order above or below the zone.
And the stop losses of the people already in a trade.
But how do you recognize this?
And how can you benefit from this?
Well the most important thing is actually wait until this move has happened.
There are a few signals that can show you that this is a possible stop hunt.
It is very important here to keep your volume indicator with your trades.
In the masterclass course, I will explain how to recognize the stop hunt exactly.

What is a stop hunt in forex?

What is a stop hunt in forex?

 

That is why it is very important to know where these levels are, even if you trade primarily with Supply and Demand.
It is also important that you never place your stop loss with the rest of the “fish” so that you do not get caught in the “fish pool”.
If you mainly trade Supply and Demand, these stop-hunt levels are especially interesting for finding good trades.

Do you want to become Success Supply and Demand Trader or want to know more about What is Stop Hunt in Forex?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Is forex trading profitable?

Is forex trading profitable?

I think this is a question that is asked a lot.
Is Forex Trading Profitable?
Around us, we hear many stories from successful people on the forex market, but also from people who have lost a lot on the forex market.
What exactly is this and why is one trader profitable and the other not?

Let me start with the fact that Forex trading is not a get rich quick system.
It takes months and maybe years of hard work, studying a lot, but also getting to know “yourself” very well.
In the beginning of your Forex career you will probably bump your head a lot and probably lose some money as well.
(Or maybe everything if you don’t have a good money / risk management.)
And this is often the point where many traders will fail and give up.
They will say that the Forex market is not profitable.
But what they don’t ask themselves is why it didn’t work?
And when they start to ask themselves that question, I often hear the same answer.
Mostly there are only 2 reasons why they keep losing.
I’m going to tell you this now.

1. Keeping yourself under control. / Is forex trading profitable?

Often the strategy is fine.
But the most common problem why traders keep failing because they can’t control themselves.
And what do I mean by this?
This has everything to do with the psychological aspect.
I think that as a trader or if you are just starting to trade you get to know yourself very well.
Not only in trading but also in your daily life.
You are confronted with yourself which can be very nice if you can also change this so that you become a better and stronger person.
Okay, now back to the core of the story.
What I often see when I look back at the lost trades with a losing trader, there are a number of things that immediately strike me.

Number 1 is perhaps revange trading.
Where the trading day first started well in control, you lose a trade. (Which is not a bad thing because everyone loses a trade once in a while!)
He then lets go of all control and takes all trades after that without a clear trading plan.
Or the lot sizes increased to make up for the lost money.
What eventually happens is the first 100 euro loss in the first place, eventually becomes thousands of euros loss at the end of the day.
Only by revange trading just because he wanted to make up for his loss.
Overtrading, too high lot sizes, letting go of the trading plan, no longer using your strategy properly.
Therefore, always review your trades at the end of the day.
What went well? and what went wrong?
You will eventually learn a lot from this.

2. Risk management. / Is forex trading profitable?

Okay now point two.
Did you know that a lot of traders also fail at not having or having poor risk management?
And how important do you think that is in trading?
Exactly very important!
Because without good risk management you can never become profitable in the forex market.

Imagine we have 2 traders.
Peter and Mike.
Peter has a win rate of 8/10 trades and Mike a win rate of 6/10 trades.
Who will be more profitable in the end?

Okay, we don’t know anything about their risk management yet.
Peter doesn’t really use risk management.
And Mike uses very good and tight risk management.
Who do you think is more profitable now?

Good job Mike of course!
Mike uses a risk of 1% over his entire account balance and aims for 2 to 3 percent which equates to a risk to reward of 1 to 2 to 1 to 3.
So even if Mike loses 2 out of 3 trades still makes overal 1 percent profit.
So the message of the story is where peter sometimes risks 20% to 30% of his account in just 1 trade.
Will Mike eventually last longer because he sees everything in percentage and uses his risk management wisely.

Is forex trading profitable?

Do you now understand how important good risk management is?
Often even more important than a good strategy!
Only you can limit your own risk.

Conclusion.

Forex trading is definitely profitable if you do it the right way.
So you do not only need a good strategy, there is much more to it.
And no you really wouldn’t be able to earn a lot of money in a day or in a week on the Forex market.
It takes time and experience! But it is certainly not impossible!

I hope that with this blog I have been able to give you some more insight into whether you can be profitable with trading forex.

Do you want to become Success Supply and Demand Trader or want to know more about Is forex trading profitable?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

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