My Line in the Sand | Page 34 | Forex Factory

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My Line in the Sand

  • #661
  • Jan 7, 2018 4:37am Jan 7, 2018 4:37am
Quoting stevepatt
A wider view and we can see how Price moves from one stepping stone to the next. We just need to know where Price is headed and which Price Levels we need to be looking for PA to Enter. {image}
Here's the final piece of the puzzle.

See what you make of it, if anything.
Attached Image (click to enlarge)
Click to Enlarge Name: 7th Jan 18 GBP:CHF M5 Observations 2.png Size: 188 KB
  • #662
  • Jan 8, 2018 1:12am Jan 8, 2018 1:12am
GBP/JPY M5 Observations

This is what I'm looking for...
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Jan 18 GBP:JPY M5 Observations.png Size: 141 KB
  • #663
  • Jan 8, 2018 10:01am Jan 8, 2018 10:01am
Quoting stevepatt
GBP/JPY M5 Observations This is what I'm looking for... {image}
I didn't have time to post this Trade earlier too close to leaving for work...

GBP/JPY M5 Short Trade

+30 Pips +2R

See how Price stalls around 153.200 and 153.000 Whole Number
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8th Jan 18 GBP:JPY M5 Short Trade.png Size: 137 KB
Click to Enlarge Name: 8th jan 18 GBP:JPY m5 Short Trade Result.png Size: 150 KB
  • #664
  • Jan 8, 2018 1:36pm Jan 8, 2018 1:36pm
GBP/AUD H1/M5 Long Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8th Jan 18 GBP:AUD H1 Long Trade.png Size: 106 KB
Click to Enlarge Name: 8th Jan 18 GBP:AUD M5 Long Trade.png Size: 128 KB
  • #665
  • Jan 9, 2018 1:46am Jan 9, 2018 1:46am
Quoting stevepatt
GBP/AUD H1/M5 Long Trade {image} {image}
GBP/AUD Long Trade Result

(-4 Pips)

This Trade, obviously, didn't work out as I expected.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Jan 18 GBP:AUD H1 Long Trade Result.png Size: 134 KB
  • #666
  • Jan 10, 2018 1:25am Jan 10, 2018 1:25am
GBP/CHF M5 Observations

I doubt that I will be around when or if there is a set up
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 18 GBP:CHF M5 Observations.png Size: 140 KB
  • #667
  • Jan 10, 2018 1:40am Jan 10, 2018 1:40am
EUR/CAD H1/M5 Short Trade

Not looking so good at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 18 EUR:CAD M5 Short Trade.png Size: 138 KB
  • #668
  • Jan 10, 2018 9:18am Jan 10, 2018 9:18am
Hi Stevepatt

Just found your thread --- Nice thread and you always have very neat charts -- with great detail...

Hope you have found your way --- Just food for thought --- One of my methods is very similar to what you have been doing as I have watched you develop you system. I have been using market profile along with market structure as they call it and add in trading from the extremes. This has been working very well for me for a very long time. Thanks for posting some great charts --- have learned a lot from you over the years.

May you prosper for the new year, Regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #669
  • Jan 10, 2018 11:30pm Jan 10, 2018 11:30pm
Quoting stevepatt
EUR/CAD H1/M5 Short Trade Not looking so good at the moment... {image}
EUR/CAD H1/M% Short Trade Result

(-15 Pips) (-1R)
Attached Image (click to enlarge)
Click to Enlarge Name: 11Jan 18 EUR:CAD M5 Short Trade Result.png Size: 130 KB
  • #670
  • Jan 10, 2018 11:35pm Jan 10, 2018 11:35pm
Quoting iamsovereign
Hi Stevepatt Just found your thread --- Nice thread and you always have very neat charts -- with great detail... Hope you have found your way --- Just food for thought --- One of my methods is very similar to what you have been doing as I have watched you develop you system. I have been using market profile along with market structure as they call it and add in trading from the extremes. This has been working very well for me for a very long time. Thanks for posting some great charts --- have learned a lot from you over the years. May you prosper...

Hi Iamsovereign,

Glad you have found some benefit from my charts.

Never really used Market Profile but I am always aware of Market Structure.

My Trading is getting back on track now that I am Trading to my Strengths.

I like the Shorter TFs H1/M5 this works much better for me than W1/D1.
  • #671
  • Jan 10, 2018 11:47pm Jan 10, 2018 11:47pm
Watching GBP/USD M5.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 18 GBP:USD M5 Observations.png Size: 126 KB
  • #672
  • Jan 11, 2018 12:04am Jan 11, 2018 12:04am
Quoting stevepatt
Watching GBP/USD M5. {image}
GBP/USD M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 18 GBP:USD M5 Short Trade.png Size: 130 KB
  • #673
  • Jan 11, 2018 1:53am Jan 11, 2018 1:53am
Quoting stevepatt
{quote} GBP/USD M5 Short Trade {image}
Anticipating another Test around 1.34800
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 18 GBP:USD M5 Observations 2.png Size: 116 KB
  • #674
  • Jan 11, 2018 1:31pm Jan 11, 2018 1:31pm
Quoting stevepatt
{quote} Anticipating another Test around 1.34800 {image}
GBP/USD M5 Short Trade Result

+30 Pips +2R

I've found it far more productive to target +2R rather than go for a bigger return.

We never know when or where Price will turn.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th Jan 18 GBP:USD M5 Short Trade Result.png Size: 143 KB
Click to Enlarge Name: 11th Jan 18 GBP:USD H1 Observations.png Size: 145 KB
  • #675
  • Jan 11, 2018 11:57pm Jan 11, 2018 11:57pm
GBP/CHF M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Jan 18 GBP:CHF M5 Observations.png Size: 160 KB
  • #676
  • Jan 12, 2018 1:12am Jan 12, 2018 1:12am
Quoting stevepatt
GBP/CHF M5 Observations {image}
GBP/CHF M5 Long Trade

I jumped into this Trade too early...
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Jan 18 GBP:CHF M5 Long Trade.png Size: 131 KB
  • #677
  • Jan 13, 2018 8:00am Jan 13, 2018 8:00am
Quoting stevepatt
{quote} GBP/CHF M5 Long Trade I jumped into this Trade too early... {image}
GBP/CHF M5 Long Trade Result

(-15 Pips) (-1R)

It's very difficult to judge exactly when to Enter a Trade.

There are times when Entering, as I did in this case, early pays because Institutions have their Orders filled and are ready to move Price in line with my Entry.

At other times, like this one, they have Orders still to be filled and will move Price around until they have all their Orders Filled and only then will Price move.

Unfortunately, at times, I do rush into a Trade because of my time restraints.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Jan 18 GBP:USD M5 Long Trade Result.png Size: 197 KB
Click to Enlarge Name: 13th Jan 18 GBP:USD H1 Long Trade Result.png Size: 149 KB
  • #678
  • Jan 13, 2018 8:31am Jan 13, 2018 8:31am
If we had a magic ball, of course, we would all have been Trading the other GBP Pairs and making a fortune in the rising Market, but we don't.

Friday was not a "normal day" for the GBP pairs they all greatly exceeded their ATR.

So unless we have a way of knowing a day like Friday is going to occur BEFORE it happens we, which I certainly don't, we should be Trading like we would any other "Average Day".

After the fact we think we should have rode the Wave for all it was worth.

Any Trade, I now take, I'm looking for no more than +3R return because I know as an "Average" that is what I can expect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Jan 18 GBP:USD H1 Observations.png Size: 114 KB
Click to Enlarge Name: 13th Jan 18 GBP:USD M5 Observations.png Size: 145 KB
  • #679
  • Jan 13, 2018 9:00am Jan 13, 2018 9:00am
Quoting stevepatt
{quote} Unfortunately, at times, I do rush into a Trade because of my time restraints. {image} {image}
The market will be there when you wake up. You will never miss the major move if you check in once or twice a day. No need to rush. I was going post a man joke, but then I remember that there are women on this site. Some of them I actually respect.

Quoting stevepatt
If we had a magic ball, of course, we would all have been Trading the other GBP Pairs and making a fortune in the rising Market, but we don't. Friday was not a "normal day" for the GBP pairs they all greatly exceeded their ATR. So unless we have a way of knowing a day like Friday is going to occur BEFORE it happens we, which I certainly don't, we should be Trading like we would any other "Average Day". After the fact we think we should have rode the Wave for all it was worth. Any Trade, I now take, I'm looking for no more than +3R return because...
I trade the E/U because the pip value is higher, but if you take every signal, you would have caught the move. You know how to trade Steve, it's all in your head now.
If you are good at something, never do it for free--Joker
  • #680
  • Jan 13, 2018 9:29am Jan 13, 2018 9:29am
Quoting jmn5611
{quote} The market will be there when you wake up. You will never miss the major move if you check in once or twice a day. No need to rush. I was going post a man joke, but then I remember that there are women on this site. Some of them I actually respect. {quote} I trade the E/U because the pip value is higher, but if you take every signal, you would have caught the move. You know how to trade Steve, it's all in your head now.
Hi Jmn,

I'm at work from 8am GMT to 4.30pm GMT with no way to access the charts.

This is why I some times rush my entries.

As you know I have tried Trading the Higher TFs without a lot of success.

I want to fine tune my H1/M5 Trades so by the time I have more time to Trade I will have mastered the art.
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