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My Line in the Sand

  • #601
  • May 1, 2017 2:15pm May 1, 2017 2:15pm
Quoting stevepatt
GBP/JPY H1/M5 Short Trade {image}
GBP/JPY H1/M5 Short Trade Result

(-15 Pips) (-1R)

I took a second Trade Short that I didn't post that made +22.5 Pips +1.5R

Now waiting for a Rally to look for a possible Short Setup as long as the Market remains below the H1 10 SMA and Market Structure is Bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: 1st may 17 GBP:JPY H1 Observations 2.png Size: 118 KB
  • #602
  • May 1, 2017 10:54pm May 1, 2017 10:54pm
Quoting stevepatt
{quote} GBP/JPY H1/M5 Short Trade Result (-15 Pips) (-1R) I took a second Trade Short that I didn't post that made +22.5 Pips +1.5R Now waiting for a Rally to look for a possible Short Setup as long as the Market remains below the H1 10 SMA and Market Structure is Bearish. {image}

GBP/JPY H1 Observations

The Market is now in the process of Accumulating New Orders between 144.600 and 144.000.

I'm going to wait for the market to shows its hand
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd may 17 GBP:JPY H1 Observations.png Size: 110 KB
  • #603
  • May 2, 2017 10:53pm May 2, 2017 10:53pm
GBP/JPY H1/M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 17 GBP:JPY H1:M5 Short Trade.png Size: 141 KB
  • #604
  • May 11, 2017 8:47am May 11, 2017 8:47am
GBP/JPY H1 Observations

This should help a lot in deciding when, where and why to Enter a Trade.

Don't forget to use the H1 10 SMA for your Trade Bias.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th May 17 GBP:JPY H1 Observations.png Size: 182 KB
  • #605
  • May 11, 2017 9:24am May 11, 2017 9:24am
Quoting stevepatt
GBP/JPY H1 Observations This should help a lot in deciding when, where and why to Enter a Trade. Don't forget to use the H1 10 SMA for your Trade Bias. {image}

GBP/JPY M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 11th May 17 GBP:JPY M5 Observations.png Size: 122 KB
  • #606
  • May 11, 2017 10:02am May 11, 2017 10:02am
Quoting stevepatt
{quote} GBP/JPY M5 Observations {image}
GBP/JPY H1/M5 Long Trade

Not the best time of day to be Trading but we will see...
Attached Image (click to enlarge)
Click to Enlarge Name: 11th May 17 GBP:JPY H1:M5 Long Trade.png Size: 119 KB
  • #607
  • May 11, 2017 10:03am May 11, 2017 10:03am
Quoting stevepatt
GBP/JPY H1 Observations This should help a lot in deciding when, where and why to Enter a Trade. Don't forget to use the H1 10 SMA for your Trade Bias. {image}
H1 10 SMA

Smoothed or Simple?
  • #608
  • May 11, 2017 10:15am May 11, 2017 10:15am
Quoting lemercenaire
{quote} H1 10 SMA Smoothed or Simple?

Hi Lemercenaire,

I use Simple it works for me.

Price will either look for the MA (Moving) or the MA will look for Price (Ranging).
  • #609
  • May 11, 2017 10:58am May 11, 2017 10:58am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Not the best time of day to be Trading but we will see... {image}

GBP/JPY H1/M5 Long Trade Result

+23 Pips +1.5R

Have a Plan of action:

Know where you want to enter

Know why you are entering

Know what you want to see before you enter

Know your Stop Loss and Take Profit before you enter (STICK to it)

Know your Trade Management before you enter. (I move my SL to BE +1 after +1R)

Keep repeating.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th may 17 GBP:JPY H1:M5 Long Trade Result.png Size: 122 KB
  • #610
  • May 11, 2017 10:30pm May 11, 2017 10:30pm
GBP/JPY H1/M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 12th May 17 GBP:JPY H1:M5 Short Trade.png Size: 135 KB
  • #611
  • May 11, 2017 11:32pm May 11, 2017 11:32pm
Quoting stevepatt
GBP/JPY H1/M5 Short Trade {image}

GBP/JPY H1/M5 Short Trade Result

(-15 Pips) (-1R)

This shows how every pip is important when it comes to entering a Trade, with such a small SL, on such a volatile Pair.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th May 17 GBP:JPY H1:M5 Short Trade Result.png Size: 152 KB
  • #612
  • May 12, 2017 9:26am May 12, 2017 9:26am
GBP/JPY H1 Observations

Price keeps doing the same things it's up to us to try and make sense of it...
Attached Image (click to enlarge)
Click to Enlarge Name: 12th May 17 GBP:JPY M5 Observations.png Size: 169 KB
  • #613
  • May 28, 2017 7:33pm May 28, 2017 7:33pm
Quoting stevepatt
GBP/JPY H1 Observations Price keeps doing the same things it's up to us to try and make sense of it... {image}
hi steve
thanks alot for sharing your simple and profitable strategy.
I read from the beginning your journal and interesting. I'm thinking you should gain 100% per a couple month. good job bro.
just one things. is it possible I use that EA ? I couldn't find it here.
thanks in advance
  • #614
  • Nov 12, 2017 10:39am Nov 12, 2017 10:39am
I have decided to come back to posting in my journal.

Seems, I am pissing a few people of by posting in their threads.

There will, on most occasions, be a counter argument to the position we are taking.

I was only trying to make a counter argument to the view being presented.

The most important thing, when it comes to Trading, is having complete confidence in your abilities to pick a Trade direction, and not being swayed from your course of action by anything other than the Markets themselves.

Anyway here I can post what I like...

Here's the link to when I opened the GBP/CAD Short Trade Post #28

I am now Trading from the D1 TF using W1 for possible turning points.

This doesn't mean the H5/M1 Trading I was doing doesn't work it's just I don't have the time needed to Trade most effectively from these TFs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12th Nov 17 GBP:CAD w1 Observations.png Size: 131 KB
Click to Enlarge Name: 12th Nov 17 GBP:CAD D1 Observations.png Size: 151 KB
  • #615
  • Nov 12, 2017 11:04am Nov 12, 2017 11:04am
Good to see your setups in your own thread Steve. I've followed your posts lately, so I have seen the discussions you had. People seem to feel attacked when posting setups that do not agree with their thread-idea or view.
I like you clean charts and setup ideas, I try to trade in a similar way, only I trade from higher TF (Weekly / Monthly) up- or down trending supply and demand zones.

Good luck in your thread Steve, it will be a great learning tool to see your setups and posts.

- Menko
  • #616
  • Nov 12, 2017 2:29pm Nov 12, 2017 2:29pm
Quoting stevepatt
I have decided to come back to posting in my journal. Seems, I am pissing a few people of by posting in their threads. There will, on most occasions, be a counter argument to the position we are taking. I was only trying to make a counter argument to the view being presented. The most important thing, when it comes to Trading, is having complete confidence in your abilities to pick a Trade direction, and not being swayed from your course of action by anything other than the Markets themselves. Anyway here I can post what I like... Here's the link...
steve you know i always follow you and i think you know as well as me the methodology of price action.

one thing i always hold on to is the wish and desire to learn from you how to read the price action naked chart like you do.
can we do a session one evening or maybe you could turn your journal here into a teaching thread to teach your method how you do it
  • #617
  • Nov 12, 2017 4:51pm Nov 12, 2017 4:51pm
Quoting stevepatt
I have decided to come back to posting in my journal. Seems, I am pissing a few people of by posting in their threads. There will, on most occasions, be a counter argument to the position we are taking. I was only trying to make a counter argument to the view being presented. The most important thing, when it comes to Trading, is having complete confidence in your abilities to pick a Trade direction, and not being swayed from your course of action by anything other than the Markets themselves. Anyway here I can post what I like... Here's the link...
it is great to see you posting here again Steve,
your charts are so clean and your reading of the price action is the best!
  • #618
  • Nov 12, 2017 9:11pm Nov 12, 2017 9:11pm
Hi Steve,
I like your clean charts! Hope to see more here in your own thread.
I also followed the discussion you had in two other threads. Anyway, I don’t want to comment this here.
Good luck for your own thread.
  • #619
  • Nov 12, 2017 10:32pm Nov 12, 2017 10:32pm
EUR/USD W1/D1 Pending Limit Sell
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Nov 17 EUR:USD W1 Long Trade Setup.png Size: 113 KB
Click to Enlarge Name: 13th Nov 17 EUR:USD D1 Pending Long Trade.png Size: 115 KB
  • #620
  • Nov 12, 2017 11:11pm Nov 12, 2017 11:11pm
I'm glad there are some who get benefit from my charts.

If anyone has a counter point of view to what I am seeing I'd be happy to see it.
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