(GBP/USD Update) Billionaire's Club | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

History Data Usd/gbp Not Gbp/usd 2 replies

Attachments: (GBP/USD Update) Billionaire's Club
Exit Attachments

(GBP/USD Update) Billionaire's Club

  • #1
  • First Post: Edited Dec 17, 2024 12:09am Dec 15, 2024 6:26am | Edited Dec 17, 2024 12:09am
This thread is opened based on realization of the fact that it's a tin line that seperates between success and failure in the trading of Forex and it's only the patient mind ready to identify components of the tin line that will actually become successful.

Focus is only on GBP/USD for purpose of concentration and understanding.

All forms of analysis including theories, structures, trend lines and news related to GBP/USD can be discussed.

All discussions and evidences must be validated by the current live active chart while theories and other relevant evidences may be attached for explanation purpose. Correlational charts are also acceptable.

We are here to learn from one another irrespective of race, financial status and ethnicity to unravel the mystery behind Success in Forex Trading as a profession.

It's not an exaggeration that Real Money can be achieved by trading from the key level. Effort would be make to ensure analysis is limit ONLY to trades that emanate from key zones.

I wish allofus exceeding success.
Market Structure is the King.....
  • #2
  • Dec 15, 2024 7:05am Dec 15, 2024 7:05am
Please, feel free to express your thought as regards your perception on GBP/USD for this week in conformity with our standard to enable us learn from one another.

My perception will be posted next Monday around 6:00 GMT....

Welcome into a zone of absolute success.
Market Structure is the King.....
  • #3
  • Dec 15, 2024 7:21am Dec 15, 2024 7:21am
Thank you Mr. Lyn. I am old and unsavory when it comes to all things technical. Could you kindly share on how to find this thread.
"The Rich Never Pay Retail"
  • #4
  • Dec 15, 2024 7:31am Dec 15, 2024 7:31am
Quoting Abeylyn
Please, feel free to express your thought as regards your perception on GBP/USD for this week in conformity with our standard to enable us learn from one another. My perception will be posted next Monday around 6:00 GMT.... Welcome into a zone of absolute success.
The name of the thread distinguish it from others.. (GBP/USD UPDATE) Billionaire's Club.

Effort would be made sooner to unravel more available options.
Market Structure is the King.....
  • #5
  • Dec 15, 2024 8:10am Dec 15, 2024 8:10am
GBP/USD PREVIEW 06/12/24 - 12/12/24

This is an hourly chart.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB


Theory validation below

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 217 KB


Lets work together to share in the loot for next week.

Cheers.
Market Structure is the King.....
  • #6
  • Edited 9:02pm Dec 15, 2024 8:24pm | Edited 9:02pm
GBP/USD UPDATE 16/12/24
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB

Daily Chart trend is bearish, Daily Candlestick is bearish, 4 hour trend is bearish.

Significant Remark: Price is ranging in a lower time frame below 30min. An indication that price will either breakout of the minor resistant or support zone after series of movement inside the channel. Minimum required movement shall be in Zigzag formation to any direction.

Immediate Objective: Looking to Sell at the moment and pick main profit around support zone..

The analysis favored a scalper because of the primary intention to follow at least 4 hour trend in this analysis. But Trend Traders can take 75% of trades off the table after 10/15 pips and manage the 25% balance for trending purpose.

Contributions are welcome with suggestions for improvement.

Risk Management is key.

Have a nice pipping week all.

Time Stamped....
Market Structure is the King.....
  • #7
  • Edited 9:09pm Dec 15, 2024 8:42pm | Edited 9:09pm
Tks Abeylyn
if this were my instrument of choice, I would enter a GU GTC limit buy order @ 1.2620 or better. Providing the average spread is less that 2 pips. Apologies, this assessment is based on my interpretation of 1hr candles.
If buying/short covering continues: I would look for pull backs @ 1.2652, 1.2673, 1.2764 long entries would be subject to bullish market structure leading up to those levels, imho. As a cavate: there is always a fair probability of "Asian liquidity sweep" during the London session, often the very best session for scalping and positioning. Good fortune to you today, and thank you. This is a very constructive Forum so far.

Trading is as subjective as art, every trader has a unique fingerprint, everything about our existence here impacts our ability to interpret our calculation of probability. We have to learn to listen with our eyes, it is impossible to duplicate from one human to another, we all listen differently. There in lies the challenge finding our own way of listening to market movement trough price fluctuation.
"The Rich Never Pay Retail"
  • #8
  • Dec 15, 2024 9:15pm Dec 15, 2024 9:15pm
Quoting teprewitt23
Tks Abeylyn if this were my instrument of choice, I would enter a GU GTC limit buy order @ 1.2620 or better. Providing the average spread is less that 2 pips. Apologies, this assessment is based on my interpretation of 1hr candles. Trading is as subjective as art, every trader has a unique fingerprint, everything about our existence here impacts our ability to interpret our calculation of probability. We have to learn to listen with our eyes, it is impossible to duplicate from one human to another, we all listen differently. There in lies the challenge...
My dear friend,

Your perception is also correct.

Reading through my own analysis, I emphasized that the setup favours a scalper because of my intention to follow 4 hour trend. Going against 4 hourlies is regarded by some school of thought as fighting against the trend.

Going counter 4 hour trend in line with your own submission, I will Buy inside my Support Zone for a better risk reward and that may likely give a better returns in terms of pips.

Truly, subjectivity but certain attributes unifies all successful traders. All see and talk same thing in a different ways with eagle eyes to see the tin line that differentiate between success and failure. A can Buy and B sell with both ending up in profitability.

Personally, I have never seen two successful traders trades same way but process are the same.

All these are my perceptions and I am not a genius. Also open to advice to improve on myself.

Thanks and have a nice pipping week.
Market Structure is the King.....
  • #9
  • Dec 15, 2024 9:23pm Dec 15, 2024 9:23pm
Quoting teprewitt23
Tks Abeylyn if this were my instrument of choice, I would enter a GU GTC limit buy order @ 1.2620 or better. Providing the average spread is less that 2 pips. Apologies, this assessment is based on my interpretation of 1hr candles. If buying/short covering continues: I would look for pull backs @ 1.2652, 1.2673, 1.2764 long entries would be subject to bullish market structure leading up to those levels, imho. As a cavate: there is always a fair probability of "Asian liquidity sweep" during the London session, often the very best session for scalping...
I will appreciate it if you can just pull out a chart and give your own analysis as well.

Counter 4 hour trend traders may see the need to learn from it.

Come up with an analysis for everyone to see. It's a live market that teaches allofus the precise direction to follow.

All analysis on GU are welcome here... with supporting chart .

Thanks friend.
Market Structure is the King.....
  • #10
  • Dec 15, 2024 10:34pm Dec 15, 2024 10:34pm
what should be the target / stop for this trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
  • #11
  • Dec 15, 2024 11:14pm Dec 15, 2024 11:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: 142.png Size: 14 KB
  • #12
  • Dec 15, 2024 11:49pm Dec 15, 2024 11:49pm
explanation here
https://www.forexfactory.com/thread/...8#post15090848
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
  • #13
  • Dec 16, 2024 12:01am Dec 16, 2024 12:01am
firmer gbpusd possibly setting up another short op.
Attached Image (click to enlarge)
Click to Enlarge Name: dec15 gbpusd.PNG Size: 7 KB
  • #14
  • Dec 16, 2024 12:28am Dec 16, 2024 12:28am
Quoting PatienceFx
explanation here https://www.forexfactory.com/thread/...8#post15090848 {image}
Yes buddy...

Where is your 1st takeprofit, upper BB ?

Thanks.
Market Structure is the King.....
  • #15
  • Dec 16, 2024 12:34am Dec 16, 2024 12:34am
Quoting Abeylyn
{quote} Yes buddy... Where is your 1st takeprofit, upper BB ? Thanks.
wherever macd stops
  • #16
  • Edited 1:08am Dec 16, 2024 12:39am | Edited 1:08am
Quoting PatienceFx
{quote} wherever macd stops
That is very nice and sensitive.

Thanks.
Market Structure is the King.....
  • #17
  • Dec 16, 2024 12:42am Dec 16, 2024 12:42am
Quoting ThaoAnh
{image}
Hello mate,

Our chart is the same but pushed my own lower zone downward since it represent the weekly low.
Market Structure is the King.....
  • #18
  • Dec 16, 2024 12:47am Dec 16, 2024 12:47am
My opinion. Gu W1: down to 1,2335-1,2300
Attached Image (click to enlarge)
Click to Enlarge Name: 143.png Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 144.png Size: 18 KB
  • #19
  • Dec 16, 2024 1:15am Dec 16, 2024 1:15am
Quoting ThaoAnh
My opinion. Gu W1: down to 1,2335-1,2300 {image} {image}
I don't go beyond daily key level. This is because the weekly and monthly level will have a daily chart equivalent.

Therefore, I confine myself within the two level around current price. That should give key resistant and support level with current price at the centre.

Then if support / resistant is broken, I move to the next one...

I will advise you edit your chart to show just two or three key level closer to price for concentration sake.

After making your Support/resistant on weekly and monthly chart, reduce chart to daily time frame to pick daily equivalent.

Thereafter, pick two or three level that is closer to current price...

You may now put a zone....
Market Structure is the King.....
  • #20
  • Dec 16, 2024 1:27am Dec 16, 2024 1:27am
Quoting Abeylyn
{quote} Xin chào bạn, Biểu đồ của chúng ta giống nhau nhưng đã đẩy vùng dưới của tôi xuống vì nó biểu thị mức thấp trong tuần.
Yes, Sir
Attached Image (click to enlarge)
Click to Enlarge Name: 146.png Size: 15 KB
0 traders viewing now