GBP USD Chart - Pound Dollar Rate — TradingView

Statistical Edge Trading

Statistical Edge Trading

Statistical Edge Trading

Have you ever traded with statistical edge? Our Allen trade talks about backing up the trading network and leveraging it from excellent newspapering. This is a stage that is undermined by many traders but fairly, it can be a crucial factor in boosting your trust and believing in your system. For those interested in this sort of research, you can check out the FTMO Statistical Application.
Trading with a Statistical edge
Although many traders back-test and record their trades to verify the trading system 's feasibility, monitoring and using the data to maximize both your stop loss and profit goal is a tremendous advantage. Two of the most critical pieces of data that I record when reporting trades is the drawdown and the benefit potential.

The drawdown, to be sure, is how far a trade goes against my place before it goes in my favour.

Whereas the benefit potential is the maximum distance from my entry which the trade moves in my favor. It isn't important and it's uncommon, in general, that I actually exit the trade. Yet definitely coming out at or as close as can be.
Firstly, I record my trades in two ways, using screenshots of the charts themselves where I annotate my entry, date, type of trade and all other relevant details related to my methodology, such as strength and weakness analysis , multiple time frame analysis and correlation. I also note on the map the drawdown and benefit potential of the trade.

Then I go through my Excel spreadsheet with main details. See "excel" below.

Excel spreadsheet with main details.

This includes the date, day, session, pair, time, route, entry price, closing price, type of setup, type of entry, type of exit, drawdown, potential for benefit and outcome. I then let excel do all the heavy lifting for myself as I can sort my trades numerous ways, by day, by session, by pair, by route, by type of set-up etc.

But where the really cool stuff is under the "Mind-blowing stats" tab where I have some of the above filterable statistics that will help me to optimize both my stop loss and my benefit goal.

Here is a summary of the specification.

When you use a risk percentage account to calculate your position size (as you should), so the lower the pause, the larger a position size you will trade in. The stop must, therefore, have a high likelihood of remaining. The vast majority of trading books, guides, videos, etc., advise that after a recent high / low swing, the stop will be many pips.

But my trade documents helped me to come up with a statistical advantage for my stoppage placement.

As can be seen in the "Drawdown" tag, Trading my Type 1 BO (breakout out) on GBPAUD, 79.55 percent of the time my drawdown was less than 25 pips, although it was just 81.82 percent at 30 pips and 84.09 percent at 35 pips.

Statistical Edge Trading
So when using a larger pause, an extra loss or 2, the advantage of having a greater size of the place and thereby netting more money makes the extra loss(s) inconsequential.

Furthermore, the income goal can also be optimized.

Looking at the "Profit Potential" connection and remaining on GBPAUD again for my Type 1 BO trades, we can easily see that almost 80 percent of the time, those trades get between 20 and 30 pips.

Statistical Edge Trading (b)
It is a perfect place to take off 1/2 of the spot and push the stop to flat. So we can let the rest of the half run to about 50 pips where 59.09 percent of the trades touch.

Obviously market conditions aren't always the same, so if you can recognise when they are, i.e. linked moves or strengthening or weakening other classes (commodity pairs or safe haven pairs), then you can make educated decisions about how far a trade will go.

Statistical Edge Trading (meme)

I hope this information 's helpful to you.

Eva " Forex " Canares .
Cheers and Profitable Trading to All.

About FTMO -
They fund forex traders. Just Pass their risk management rules and begin trading for their company. They'll provide you capital up to $300k USD for trading the financial markets. 70% of profits you keep and losses are covered by them. How does it work?
How to Become a Funded Forex ,Stocks or CryptoCurrency Trader?
submitted by Eva_Canares to FTMO_Forex_Trading [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
Today in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The GBP/JPY moved higher, this looks like a short term move with only H1 time frame trend support. The GBP/JPY is inside of a ranges so we would exit any buys. The GBP/AUD also moved up strong. Once again this pair only has H1 time frame trend support, so scale out lots on any buys, we cannot tell if it will continue higher. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

https://preview.redd.it/ay11a1at51w41.jpg?width=526&format=pjpg&auto=webp&s=b6648216dc71052a9ee002bc0dbcfaace01ff2b2
https://preview.redd.it/3vof4bat51w41.jpg?width=422&format=pjpg&auto=webp&s=2145beb79c31275b1fd2118d84453634b53b190d
#GBPJPY #GBPAUD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/JPY GBP/AUD
submitted by forexalerts to u/forexalerts [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
Today in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The GBP/AUD moved higher in the strong uptrend. This pair is close to breaking out on the MN time frame. The GBP/NZD also moved higher, this pair is inside a lot of resistance layers. We would scale out lots and see if the D1 uptrend can continue higher. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

https://preview.redd.it/7wdc2abbmzd41.jpg?width=401&format=pjpg&auto=webp&s=08fb4d6da780bebe2ccecd860fbc5573de9b2d00
https://preview.redd.it/5pj6nibbmzd41.jpg?width=435&format=pjpg&auto=webp&s=3002fa58c6dc00b36bb5acf62ba46289631b8af4
#GBPAUD #GBPNZD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/AUD GBP/NZD
submitted by forexalerts to u/forexalerts [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
Today in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. Today in forex trading the GBP was strong. The GBP/JPY moved higher on the H1 time frame, this looks like a short term movement only. But this pair has more upside to the 144.00 area. The GBP/AUD also moved higher. This pair might be forming a new D1 uptrend with substantial upside. We will be planning more buys on this pair in our daily trading plans. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap


https://preview.redd.it/ydxbgwzty8941.jpg?width=421&format=pjpg&auto=webp&s=8a9c12fa22870d2a728df9a066b76b4a2ca3c7b0
https://preview.redd.it/gtxdjwzty8941.jpg?width=436&format=pjpg&auto=webp&s=8cb5a0a639e9416210cbfd48676c4fd053104801
#GBPJPY #GBPAUD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/JPY GBP/AUD
submitted by forexalerts to u/forexalerts [link] [comments]

Weekly Top Gainers

Weekly Top Gainers

Top Gainers – The World Market

  1. Centrica plc is a British supplier of electricity and natural gas to consumers.
  2. Coffee CFD on futures contract on Arabica.
https://preview.redd.it/2pqsogfpgm141.png?width=678&format=png&auto=webp&s=e560f0ff265f30f6c2f98ff0514da0a09631b00b

Top Gainers – Foreign Exchange Market (Forex)

  1. USDTRY, USDPLN - an increase in these charts means the strengthening of the US dollar against the Turkish lira and the Polish zloty.
  2. GBPJPY, GBPAUD - an increase in these charts indicates the weakening of the Australian dollar and Japanese yen against the British pound.
https://preview.redd.it/uut77borgm141.png?width=630&format=png&auto=webp&s=74a7e107eee5f2c6dce27bff333bec1e610c1b46
submitted by Morganforex to u/Morganforex [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
Today in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The GBP/AUD and GBP/NZD both moved higher on the H1 time frame. These two pairs are range bound on the H1 time frame resistance levels. So we consider these to short term/intraday trades. We would exit any short term buys based on GBP strength. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

https://preview.redd.it/01b1ksyi3x041.jpg?width=476&format=pjpg&auto=webp&s=6368077a90a119ad0e11cfd6eab3cd9be1c1231c
https://preview.redd.it/jnfzxryi3x041.jpg?width=427&format=pjpg&auto=webp&s=fe3f5860fd6786bcfa573d7d8687ea926fc58761
#GBPAUD #GBPNZD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/AUD GBP/NZD
submitted by forexalerts to u/forexalerts [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
The live forex trading signals from The Forex Heatmap ® and today’s price chart movement are shown in the attached images. These live trading signals for 28 pairs are available on this web page:

https://www.forexearlywarning.com/the-forex-heatmap

Follow the trends of the forex market at Forexearlywarning.com.

https://preview.redd.it/0e25z4dcfgv21.jpg?width=501&format=pjpg&auto=webp&s=619042531848bbb985d0aeb3f561e65b9d2da029
https://preview.redd.it/e45ulddcfgv21.jpg?width=573&format=pjpg&auto=webp&s=611398b2e080e695e83398975a9fd15431e39467
https://preview.redd.it/kbiry4dcfgv21.jpg?width=431&format=pjpg&auto=webp&s=0cebdd4148d265af40bb9dbe8a9284a39388745a
#GBPAUD #GBPCHF #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/AUD GBP/CHF
submitted by forexalerts to u/forexalerts [link] [comments]

Post Brexit Profit Analysis

I am a big believer in the concept that one of the best (maybe the best but it is subjective) ways to make money money in the markets comes down to patience and well timed aggression.
There are some extreme golden opportunities in the markets and to a trained eye they are often very easy to spot and relatively easy to trade.
The tricky bit is not losing during all the other times haha.
Patience ... well timed aggression.
I have been quite stagnant in my trading for a few weeks and then as the Brexit was due, got extremely active and we got the best trades of my FX life (in terms of how quickly the results came, we have had swing trades achieve similar results over 6 months or so).
We done far better than I expected but I had always been saying that the opportunity comes AFTER the Brexit, the market will mis price some things and as it happens, some things strongly broke SR levels.
So... now it is game time.
Not only on the Pound although it is in focus but in general this volatility jump presents multiple opportunities.
I will keep a running commentary on some of the analysis I have, moves I am looking to make and where I feel the money is to be made here if you'd like to follow along.
Things to take note of;
1 - Not all my trades win, I am rarely over 70% accurate over a longish time period.
2 - My strategies are risk:reward based and expected to be profitable on risk:reward basis.
3 - Money management used is a set percentage basis, so on every trade the same amount of risk is used, lot sizes are adjusted based on the number of pips in stop loss . http://www.myfxbook.com/forex-calculators/position-size helps with this.
4 - Correlation risk is real! If I am for example selling GBPUSD, GBPJPY, GBPAUD and GBPNZD, to risk 2% on each trade is really more like a 8% risk .
This should be considered and to use 0.5% risk in each trade here would be shroud, rather than 2% in each. http://www.myfxbook.com/forex-market/correlation
5 - Any thing I post is for educational purposes only, I am not telling you to trade anything in the markets, any trades you take are exclusively at your own risk and you should do you own analysis and due diligence.
6 - I am not your, or anyone's financial adviser. I hold no qualification for this, I am just a guy on the internet.
7 - The strategies and tactics I use are ones I have used for a long time and found them to be successful but there is absolutely no assurance they will be profitable in the future.
8 - At times there will perhaps be a portfolio approach or sympathetic hedging approach used.
Lets say for example. I am short on GBPUSD with a 300 pips stop and 600 pips target from a larger chart and the Pound is rallying against this position, I may start to look for short term momentum buys on GBPJPY,
Let's say the GU hits 300 pips stop and GY wins 50 pips for a 50 pips stop, because of the money management method used, the GY trade has covered the GU risk.
9 - If you can not afford the pips, you can not take the trade.
We are in volatile times and some stops will have to be several 100 pips and even at that be somewhat tight, if losing the trade on the smallest lot size you can trade would exceed an acceptable level of risk, do not trade.
10 - Don't think I have a 10 but we got to 9 and it's good to finish on a round number.
Analysis will be posted in comments.
submitted by sellitlikesoros to Forex [link] [comments]

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS
The live forex trading signals from The Forex Heatmap ® and today’s price chart movement are shown in the attached images. These live trading signals for 28 pairs are available on this webpage:
https://www.forexearlywarning.com/the-forex-heatmap


Follow the trends of the forex market at Forexearlywarning.com.


https://preview.redd.it/yftfu3w5u2c21.jpg?width=989&format=pjpg&auto=webp&s=8976565c81cbb98a6050326f9bb95d9e0ccde468
https://preview.redd.it/wp7gh3w5u2c21.jpg?width=455&format=pjpg&auto=webp&s=041b5ef754c2e7957f2b931db61d8efe384d7a50
https://preview.redd.it/q1ane3w5u2c21.jpg?width=467&format=pjpg&auto=webp&s=64aa2f8316b563ca439ea53c30422527931f74f0
#GBPCAD #GBPAUD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/CAD GBP/AUD
submitted by forexalerts to u/forexalerts [link] [comments]

+637 Pips - GBPAUD Forex Trade Analysis FOREX CHARTS OF THE DAY: GBPAUD and GBPNZD GBPAUD Forex 1 Hour Trade GBPAUD  How to find Secret Forex Chart Patterns Video ... Chart of the Day  GBPAUD  Forex Technical Analysis Forex Update, GBPJPY, GBPCAD, EURAUD, GBPAUD, GBPUSD etc... Trades Taken Last Week. 05-29-20.

Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Very bullish price action.. 4 HOUR Close and pressure above main sr level. DAILY Expecting further upside movement, good long entries! - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.81810 SL @ 1.80270 TP @ 1.84170 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers ... Chart Pine Skript Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender Earnings-Kalender Märkte Hilfe Center COVID-19 Statistik Unternehmen Über Wie es funktioniert Funktionen Preise Wall of Love Blog Sicherheitsrisiko Statusseite Nutzungsbedingungen Haftungsausschluss Datenschutzrichtlinien und Impressum Cookies Richtlinien GBP AUD Chart - Candlestick Forex Charts. Below is the live forex chart for the currency pair: GBP/AUD. It uses the candlestick chart to show: low, open, close, high. GBPAUD Forex Chart. Ideas. Videos only. Top authors: GBPAUD. Recent. All time. Feltzilla Last visit Follow Following Unfollow. AidanFucile Last visit Follow Following Unfollow. NhanLucky Last visit Follow Following Unfollow. AlphaTrading-Group Last visit Follow Following ... GBP/AUD exchange rate. Charts, forecast poll, current trading positions and technical analysis. Keep informed on GBP/AUD updates. Chart Snapshot. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. Price Performance. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Click the "See More" link to see the full Performance Report page with expanded historical information. Most Recent Stories GBPAUD . Chart. Info on the instrument. Analytics. Opening of a trade. Now; At the price; Sell 1.82041; Buy 1.82051; Opening price. Volume of a trade in lots. 0 USD 0 % funds . Closing conditions 0%. Stop loss. Movement ... GBP USD (British Pound / US Dollar) GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. A fast and easy way to analyze Currencies Technical analysis gauges display real-time ratings for the selected timeframes. The summary for British Pound/Australian Dollar is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

[index] [16980] [7335] [21719] [14948] [5805] [7480] [4292] [8239] [22498] [27542]

+637 Pips - GBPAUD Forex Trade Analysis

#GBPAUD 📈 Following Pound Sterling's rally during Friday's session against many of its counterparts, where might the Pound Aussie be heading over the coming ... A profitable trade I took recently on the spot forex markets - GBPAUD 1 Hour chart. As usual, I used price action to trade and made a nice profit. Price Action Trading learn more at www.love-the ... Get the notes: http://www.tradingheroes.com/engulfing-candle-gbpaud-632-pips/ In this video, I go over a recent trade that bagged 637 pips. I will show you t... Forex Trading GBPAUD. With over 3 Decades of trading experience I decided to post these videos, initially shared privately with my friends and fellow traders... FOREX CHARTS OF THE DAY: GBPAUD and GBPNZD Blueberry Markets. Loading... Unsubscribe from Blueberry Markets? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 2.06K. Loading ... Forex, GBP-USD, GBP-CAD, GBP-JPY, GBP-AUD, etc... Trades Taken Last Week Using "Magic IB System." Trades Taken Last Week Using "Magic IB System." - Duration: 6:34.

http://arab-binary-option.conturengia.gq