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"Price - Structure - Flow"

  • #41
  • Mar 28, 2018 1:06pm Mar 28, 2018 1:06pm
Quoting PrimeFund
Hi Steve, I really enjoy your approach. Would you please explain your trade management? I really love your 2R/3R wins vs -1R losses. I was able to put together a chart similar to yours but couldn't find your trade management EA. Could you share it, please? Thanks
Hi PrimeFund,

I risk 2% of my account per Trade and aim for between 4% and 6% return per Trade.


Here's the link to the Trade Management EA Post #10,954

I don't know how much Trading Experience you have but it takes some experience to be able to Read Price - Structure - Order Flow.

Good luck
  • #42
  • Mar 28, 2018 2:33pm Mar 28, 2018 2:33pm
Quoting stevepatt
{quote} AUD/JPY M5/M1 Short Trade Result (-10 Pips) (-1R) AUD/JPY M5/M1 Long Trade {image}
AUD/JPY M5/M1 Long Trade Result

(-10 Pips) (-1R)

This Trade should never have been taken it wasn't a correct Level to Short from.

Took another Short Trade which I did not post

+30 Pips +3R

I've really got to WAIT for the CORRECT Trade Levels to be hit FOMO.

God knows what I was thinking with the Long Trade, CONCENTRATE.

Attached Image (click to enlarge)
Click to Enlarge Name: 28th Mar 18 AUD.JPY M5:M1 Observations.png Size: 158 KB
  • #43
  • Mar 28, 2018 3:08pm Mar 28, 2018 3:08pm
Thank you for the link to the trade management EA and answering my questions. I have been trading FX for many years.

Here is my GU trade for +2R.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 46 KB
  • #44
  • Mar 28, 2018 4:19pm Mar 28, 2018 4:19pm
2 trades on AJ boom
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (520).png Size: 120 KB
  • #45
  • Mar 28, 2018 4:23pm Mar 28, 2018 4:23pm
BOOM!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (522).png Size: 121 KB
  • #46
  • Mar 28, 2018 4:54pm Mar 28, 2018 4:54pm
Quoting PrimeFund
Thank you for the link to the trade management EA and answering my questions. I have been trading FX for many years. Here is my GU trade for +2R. {image}
Hi PrimeFund,

That's ok hope it helps.

The chart below shows how I look at things.

I'm just following what I have learnt from Chris Lori's video (see link in first post) plus adding some "Individual Thinking"

In a Bearish move down I'm looking for the Selling within the Bullish Candles.
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Mar 18 GBP:USD M5 Observations.png Size: 143 KB
  • #47
  • Mar 28, 2018 5:02pm Mar 28, 2018 5:02pm
Quoting devontrader
2 trades on AJ boom {image}

Hi Jason,

Good to see you making progress.

Here's how I'd be looking to trade AUD/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Mar 18 AUD:JPY M5 Observations.png Size: 137 KB
  • #48
  • Mar 29, 2018 12:22am Mar 29, 2018 12:22am
GBP/JPY M5 Observations

I'm waiting for the "ping"
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Mar 18 GBP:JPY M5 Observations.png Size: 123 KB
  • #49
  • Mar 29, 2018 12:54am Mar 29, 2018 12:54am
Quoting stevepatt
GBP/JPY M5 Observations I'm waiting for the "ping" {image}

GBP/JPY M5/M1 Short Trade

We've had the "ping" lets see the reaction
Attached Image (click to enlarge)
Click to Enlarge Name: 29th mar 18 GBP:JPY M5:M1 Short trade.png Size: 116 KB
  • #50
  • Mar 29, 2018 1:24am Mar 29, 2018 1:24am
Quoting stevepatt
{quote} GBP/JPY M5/M1 Short Trade We've had the "ping" lets see the reaction {image}
GBP/JPY M5/M1 Short Trade Result

(-10 Pips) (-1R)

GBP/JPY M5/M1 Short Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Mar 18 GBP:JPY M5:M1 Short Trade Result.png Size: 110 KB
  • #51
  • Mar 29, 2018 4:38am Mar 29, 2018 4:38am
Thanks for you comments Steve. EU M5 short trade for +1R.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 48 KB
  • #52
  • Mar 29, 2018 5:57am Mar 29, 2018 5:57am
GBP/JPY M5/M1 Long Trade 2

Second Long Trade first Trade (-10 Pips) (-1R)
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Mar 18 GBP:JPY M5:M1 Long Trade.png Size: 118 KB
  • #53
  • Mar 30, 2018 1:39am Mar 30, 2018 1:39am
Quoting stevepatt
GBP/JPY M5/M1 Long Trade 2 Second Long Trade first Trade (-10 Pips) (-1R) {image}
GBP/JPY M5/M1 Long Trade 2 Result

(-10 Pips) (-1R)

This shows the importance of allowing Institutions (PRICE) to show the way and when not sure WAIT for clear Indications of Intent.

GBP/JPY M5/M1 Short Trade 2 Result Post #50

+30 Pips +3R
Attached Image (click to enlarge)
Click to Enlarge Name: 30th mar 18 GBP:JPY Observations.png Size: 171 KB
  • #54
  • Mar 30, 2018 1:56am Mar 30, 2018 1:56am
Quoting PrimeFund
Thanks for you comments Steve. EU M5 short trade for +1R. {image}
Hi PrimeFund,

I don't really Trade EUR/USD any more I like the Pairs with larger Daily Moves.

It gives me a better chance of gaining 20 or 30 Pips.

I'm always wary of Trading into a Whole Number without seeing a clear Break Below/Above it first.

I'm sure you are aware of this.
  • #55
  • Mar 30, 2018 3:22am Mar 30, 2018 3:22am
Quoting stevepatt
{quote} Hi PrimeFund, I don't really Trade EUR/USD any more I like the Pairs with larger Daily Moves. It gives me a better chance of gaining 20 or 30 Pips. I'm always wary of Trading into a Whole Number without seeing a clear Break Below/Above it first. I'm sure you are aware of this.
Hi Steve, your comments regarding smaller daily moves on EU and Whole Numbers are very true but I do keep a few things in mind when trading.

First is the spread the higher the spread the higher my cost of a trade becomes especially when trading shorter time frames. Second, the lower the Daily moves the smaller stop loss I can employ but I am aware that my take profit will be smaller as well so I am OK with risk to reward of 1 to 1 as long as I know that I have an edge and thus EU is always on my radar.

I wouldn't initiate a trade right into Whole numbers and I am aware of them but in order to make larger pips these levels need to eventually break.

I am really enjoying your comments and trading Steve.
  • #56
  • Mar 30, 2018 5:36am Mar 30, 2018 5:36am
Quoting PrimeFund
{quote} Hi Steve, your comments regarding smaller daily moves on EU and Whole Numbers are very true but I do keep a few things in mind when trading. First is the spread the higher the spread the higher my cost of a trade becomes especially when trading shorter time frames. Second, the lower the Daily moves the smaller stop loss I can employ but I am aware that my take profit will be smaller as well so I am OK with risk to reward of 1 to 1 as long as I know that I have an edge and thus EU is always on my radar. I wouldn't initiate a trade right into...
Hi PrimeFund,

Trading is all about having a Plan that works for us as an individual.

As you are aware, it's only when we get to this point that we really start to make progress.
  • #57
  • Apr 3, 2018 10:29am Apr 3, 2018 10:29am
GBP/USD M5/M1 Long Trade

Forex Factory was down when I tried to post this Trade.

GBP/USD M5/M1 Long Trade Result

+20 Pips +2R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd Apr 18 GBP:USD M5:M1 Long Trade.png Size: 114 KB
Click to Enlarge Name: 3rd Apr 18 GBP:USD Long Trade Result.png Size: 139 KB
  • #58
  • Apr 3, 2018 12:47pm Apr 3, 2018 12:47pm
GBP/USD M5/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Apr 18 GBP:USD M5:M1 Short Trade.png Size: 130 KB
  • #59
  • Apr 3, 2018 11:26pm Apr 3, 2018 11:26pm
Quoting stevepatt
GBP/USD M5/M1 Short Trade {image}
GBP/USD M5/M1 Short trade Result

+10 Pips +1R
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Apr 18 GBP:USD M5:M1 Short Trade Result.png Size: 177 KB
  • #60
  • Apr 3, 2018 11:56pm Apr 3, 2018 11:56pm
Price is a reflection of the Volume and Order Flow within the Market.

By being able to "read" Price we get an insight into what the Institutions are doing.

But just how sophisticated are the Market Makers?

Inserted Video


As long as we can, to some extent, interpret Price do we need to go any deeper than this?
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