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GBPAUD

Trade Like A Sniper - Episode 12 - GBPAUD - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing GBPAUD, starting from the 12-Month chart. - R2F
Education
by Road_2_Funded
How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
31
EW Analysis: GBPAUD In The Corrective PhaseHello traders! GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as corrections are made by three waves a-b-c, before pair can look for strong resistance and a bearish resumption into a wave 5. "A wave 4 correction can unfold as a simple zig-zag, which seems to be the best possible scenario, unless it turns out to be a flat, a triangle, or a more complex w-x-y move." Resistance for a wave 4 correction can be at Fib. Ratio of 38.2 that comes in at 1.88/1.90 level, so watch that area as a potential resistance, especially around the previous wave "i" swing low a lesser degree. As such, there is room for slightly more upside before downtrend may resume. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
QUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES?2ND ICHIMOKU TREND FOLLOWING TRADING STRATEGY ICHIMOKU SETTING CHANGES Kijun Sen Blue line to Red Line Tenkan Sen Red line to Blue Line This will match Ichimoku settings for MT4 & 5 Step One: Using Ichimoku Indicator to Find the Uptrend or Downtrend Since this is a trend following strategy the first thing that needs to be identified is a trend. Do this on the one day, or four-hour time frame. These time frames will give you the best opportunity to identify a trend. In our example trade, we see a downward trend with an upper trendline of resistance. Drawing trend lines is one of the simplest ways to find a trend. Draw the trend line where there is support or resistance. Our example trade has three different levels of resistance to confirm this downtrend. This trading strategy will always go in the direction of the trend. So an uptrend will ALWAYS be a BUY. A downtrend will ALWAYS be a SELL. This strategy uses all of these tools to identify if a trend will keep going and gets you into the uptrend or downtrend. Step Two: Ichimoku Trading System The Tenkan Sen/ Kijun Sen Lines Cross This next step using the Trend Following Trading Strategy, I will explain what criteria are needed for a trade entry. Just to keep you on track, on the Tenkan Sen lines are Blue, Kijun Sen lines are Red. This crossing signal is going to tell you whether there is a strong bullish trend or a bearish trend. When the Tenkan Sen line will cross below the Kijun Sen line, then this will give you an indication that there is a bearish trend. You can see in our example trade the lines clearly cross which is our indication that this bearish downtrend is strong. These lines are designed to do that very thing when they cross each other. After the cross happened the Red line (Kijun) is now above the Blue line (Tenkan). That means that the trend is going to keep heading downwards. This is not an indication that the trend is breaking. This was used on a four-hour chart. This chart is the best time frame to use because it gives you a good overall picture of how the last few days have gone as far as it trending. In this timeframe, The lines need to cross either in the Kumo, which in the picture above is the orange area, or right below the cloud in this example. This was a sell signal because the trend was bearish while the Tenkan Sen line crossed below the Kijun Sen line in the senkou span area (Kumo). Note* If the lines cross above the Kumo area in a downtrend, do not buy/sell. The opposite can also be applied to a downtrend. If the lines cross above the Kumo area in a downtrend, do not sell/buy. The reason for this is because this would be a weak signal that the trend will keep going up or down. The trade must always be made to go in the direction of the trend. Recapping our rules using the Trend Following Trading Strategy, these three things must happen in order to enter a trade using the Ichimoku Indicator. Identify the trend. This needs to be an upward or downward trend. The trade must go the direction of the trend. Tenkan Sen line needs to cross Kijun Sen line. When the two lines cross, they need to cross in one of these two specific areas. The first place would be in the Kumo area. The second will depend if its an upward or downward trend. In an upward trend, they need to cross above the Kumo area. During a downward trend, they need to cross below the Kumo area. Note* This strategy is a trend following strategy. It is to help you identify a trend and identify that the trend will keep going either upward or downward. Step 3: Determining an entry point Trend Following Trading Strategy Determining an entry point should be very easy to do now. This is because once the Tenkan sen line crossed with the Kijun sen line either in the Kumo or just above or below on the four-hour time frame. You can use the four-hour chart to enter and exit. Or you can drop down to a 1-hour chart for entry and exit. I used the 4H to enter and exit on this example trade. But here is how to use a 1-hour chart for both. Now, simply drop down to a one-hour time frame chart and enter the trade. You may check other time frames, but there really is no need since you have already followed the rules to enter the trade on the four-hour time frame. This is just to give you a better perspective on where you are entering. Step 4: Stop Loss point Stop loss is always important to have in case the trade goes in the wrong direction and you are now stuck in a pickle whether to end the trade early or end it too late and lose it all! So we need a stop loss to help us out. Do this on the four hour time chart to see when the last areas of support or resistance were. There need to be two or more points of resistance or support. In the example below, you see that there were support levels. So in this example, it will go just below them. Step five: Exit Strategy The exit strategy using the Trend Following Trading Strategy will wait until and trend starts moving the wrong direction and the lines cross again. I used the 4-hour chart to exit my trade. It is recommended to monitor this on the one-hour time frame to get the most accurate reading for this particular strategy. The reason for this is that the trend is most likely coming to an end. The trend can come back up, but once the lines cross over again it is time to exit the trade. As you can see in the example the trend was slowly going back down. In the rules of this strategy, you will exit the trade if the lines cross over again. So a trade may be 2 hours, 10 hours, 3 days or even a week! It depends on what the chart tells you and if it continues to follow the rules of the strategy. Conclusion The Trend Following Trading Strategy only uses this one indicator. That makes you focus on this indicator and does not make you have to keep checking others to see what they are telling you. It may seem complicated at first with all of the different colored lines, clouds, and so on, however, when you break it down with this simple strategy, it makes it so much easier to understand. Make sure you remember to only be risking no more than 2% of your account! No matter how confident you are, you should always follow this to maximize your account. Thank you for reading the Trend Following Trading Strategy that uses the Ichimoku Indicator to help you gain a massive amount of pips at a time!
Education
by Tradingstrategyguides
5
GBPNZD SUPPORTThis is a good example of using support to your advantage when trading. If you look at the two highlighted areas at support price created bullish engulfing candles. It was a matter of time before price was going to take off. Finally price slow down giving some consolidation this could be a potential entry for a buy. Been able to secured an overall of 160 pips with only risking 30 pips. This is just an example of how you can support or resistance and candlestick structures when you maybe unsure about a trade.
Education
by pliger4
GBPAUD – Buyers on winning steakWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPAUD – Buyers on winning steak Trend: Buy/ Neutral Support/Resistance: R1: 1.93938 S1: 1.90920 S2: 1.89110 S3: 1.86518 Price action: Market is showing some bullish momentum on GBPAUD currency pair which can follow potencial trade idea if retracement on first support will be clear to entering position. Overall trade idea is bullish but particular this currency pair is in overall neutral zone even if target will be reached. Dominant buyers will be in case if price will break 1.93938 resistance level for proving trending idea. On the other side, if bears are able to broke 1.89110 support level then we can follow potencial bears trade idea to 1.86518 third support level. Potencial trade idea: Bulls targets: T1: 1.93938 Bears targets: T1: 1.86518 NOTE – We are trading GBPAUD via the preferred trading setups Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
2
GBPAUD – Sellers still on bearish sideWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPAUD – Sellers still on bearish side Trend: Strong Sell Support/Resistance: R2: 1.95436 R1: 1.91019 S1: 1.85032 S2: 1.82091 S3: 1.79908 Price action: Overall flow is more bearish then bullish. First market has to decide which side is dominant more dominant for long term trade. Furthermore Sellers are more powerfull then buyers on Daily timeframe. Potencial sell targets are on the proving edge of first resistance. If sellers can hold below, then we can see first target at 1.85032 level. If buyers will be weak in this case, then sellers have open trade to second target at 1.82091 level. If the price will be denyed from sell side, then buyers might push the price from 1.91019 level to 1.93952. Continuation from previous week* Potencial trade idea: Bulls targets: T1: 1.95436 Bears targets: T1: 1.85032 T2: 1.82091 NOTE – We are trading GBPAUD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
GBPAUD – Sellers might try lower points to test buyers..GBPAUD – Sellers might try lower points to test buyers.. Trend: Strong Sell Support/Resistance: R3: 1.90356 R2: 1.89011 R1: 1.88161 S1: 1.86490 S2: 1.85757 S3: 1.84321 S4: 1.83031 Price action: Buyers and Sellers might be at decisional spot. If we compare both sides, we a clear that buyers didn’t show any power. Do you think they are still waiting or they fade for some time? Sellers at the moment are still testing buyers side, but we’ll know if sellers are strong enough to continue after breaking S1 and hold below. This will be tricky trade to all new traders, but for us, this is a good example to practice and get better lesson. Potencial trade idea: Bulls targets: T1: 1.90356 Bears targets: T1: 1.85757 T2: 1.84321 T3: 1.83031 NOTE – We are trading GBPAUD via the preferred trading setups by ELITEFXACADEMY Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
GBPAUD – Buyers with strong momentumGBPAUD – Buyers with strong momentum Trend: Strong Buy Support/Resistance R4: 0.95652 R3: 0.93997 R2: 0.92350 R1: 1.90811 S1: 0.89306 S2: 1.88122 Price action Buyers helding trending position very strong. If the price break R1, then price will follow next resistances. The problem here might be gaps lower, but still it looks that sellers are nowhere. I the price can hold below S1 then next target is S2. From overall market, bulls are more confidant for buy then sellers for sell. Potencial trade idea Bulls targets: T1: 0.92350 T2: 0.93997 T3: 0.95652 Bears targets: T1: 1.88122 NOTE – We are trading GBPAUD via the preferred trading setups ELITEFXACADEMY Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
2
ATR MONEY MANAGEMENT FOR GBPAUD & EURUSD 4H & 1DUsing a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves in a day. GBPAUD 1D ATR moves 133 pips GBPAUD 4H ATR moves 47 pips EURUSD 1D ATR moves 42 pips EURUSD 4H ATR moves 15,6 pips This helps me determine a more accurate setting for my SL and TP for the pair I am trading and the time frame I am using.
Education
by Tradingstrategyguides
GBPAUD Documented MA trade + 50 PipsToday we had a nice push down in the GBP pairs which set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the MA as opposed to the MA coming to price. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. GA is also my favorite pair. Everybody in the training room banked + 50 pips on the trade, Nice and easy. Have a great weekend!! Allen For those traders who I gave extra time to decide if they want to join, remember Monday is the deadline.
Education
by AGold54
9