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"Price - Structure - Flow"

  • #161
  • Jan 17, 2019 1:43pm Jan 17, 2019 1:43pm
Quoting stevepatt
GBP/USD M30/M1 Short Trade {image}
GBP/USD M30/M1 Short Trade Result

+20 Pips +2R
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Jan 19 GBP:USD M30:M1 Short Trade Result.png Size: 139 KB
  • #162
  • Jan 17, 2019 1:53pm Jan 17, 2019 1:53pm
Quoting stevepatt
{quote} Trading comes down to taking "Calculated Risk" for acceptable return. Price will keep returning to a Level of Selling or Buying until they are Consumed or Overwhelmed. {image}
We can see how the Level of Selling was gradually getting weaker until all the Selling was Consumed.

We then get a burst of Bullish Momentum and Selling Transitions into Buying.

I didn't even get a chance to post the Short Trade, I took earlier, when Bullish Momentum took over once more. I was looking for Price to return to the Level of Buying but Price had other ideas.

This is when we need to be able to adapt to Market forces, so where I was looking to Sell becomes a Level to Buy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17th Jan 19 GBP:USD M30:M1 Short Trade 2.png Size: 132 KB
Click to Enlarge Name: 17th Jan 19 GBP:USD M30:M1 Trade Results.png Size: 150 KB
  • #163
  • Jan 17, 2019 2:12pm Jan 17, 2019 2:12pm
The Market is Fractal by Nature we see Price doing the same things on all TFs

BUT for me, at least, it is much better to be in and out of the Markets FAST and not to be Exposed to Market Forces for any longer than necessary.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Jan 19 GBP:USD M1 Observations 2.png Size: 139 KB
  • #164
  • Jan 17, 2019 2:36pm Jan 17, 2019 2:36pm
Quoting AkronD
{quote} Thanks dude. I had a look at the chart above - first of all love the colours. Where are your entries and exits? Do you look for any signals which indicate that reversal is about to take place? What do you reckon is % accuracy on this?

Hi Akron,

The Entry is the Red Circle with the Red Dot.

I just follow where Price takes me.

I'm just looking at Market Structure as in this Trade Post #162

Price makes a New Lower Low I look for the Origins of the move down and wait for Price to return to that Level

If I see PA (Engulfing/Inside/Pin Bars) I Enter, ideally I want to be out of a Trade before the next Swing Point.

In this example I want to be out before Price reaches the New Lower Low that got me interested in the first place.

We need to be quick to adapt to Price it doesn't always do what WE want, as in this Trade.

When I saw Bullish Momentum take out my Stop I waited for Price to return to the Origins of the Bullish move and again look for PA to enter.

I Took Profit before Price reached the New Higher High created by the Bullish Momentum.

That's it basically in a nut shell.

Now it takes the time and patience to put it into practice.

I've found, with Trading this way, it's either something you "SEE" or you don't it's very difficult to teach apart from the Market Structure bit which is relatively easy to spot.

I would suggest sticking with it though if it's something you think you could have an affinity with.

I'm about 50% to 60% accurate with this method.

I work full time, though in the UK, so I'm working through the best setups.
  • #165
  • Jan 17, 2019 5:34pm Jan 17, 2019 5:34pm
Quoting stevepatt
{quote} Hi Akron, The Entry is the Red Circle with the Red Dot. I just follow where Price takes me. I'm just looking at Market Structure as in this Trade Post #162 Price makes a New Lower Low I look for the Origins of the move down and wait for Price to return to that Level If I see PA (Engulfing/Inside/Pin Bars) I Enter, ideally I want to be out of a Trade before the next Swing Point. In this example I want to be out before Price reaches the New Lower Low that got...
Nice - i also work full time - this my passion which i would like to make a full time career at some stage. i like the fact that you have been able to juggle your work and manage your trades.

When you refer to Market Structure - i saw the Video and the tutorial on trading view. Video definetly an eyeopener. Tutorial was a good refresher - thanks for providing that. I take a contrary view to you either "SEE" it or you don't - i think you can train yourself to see it. I'm hoping to do that here.

I take your point about the affinity - i don't know yet whether i have affinity. But one thing i have found with Indicators - whilst i have had some level of success (TMS) i'm always late on Entries. It is here i have realised - that Indicators as they are lagging - you almost always miss the original shift.
  • #166
  • Jan 17, 2019 7:45pm Jan 17, 2019 7:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB


Would this be correct analysis?
  • #167
  • Jan 18, 2019 12:40am Jan 18, 2019 12:40am
Quoting AkronD
{image} Would this be correct analysis?

Hi Akron,

That's the idea, but don't waste your time trying to Trade USD/CHF there isn't any where near enough Volatility.

I Trade GBP/USD, for three reasons, the High Volatility (this Pair has an Average Daily Range in excess of 100 Pips) the relatively Small Spread and because I only want to be watching ONE Pair.

It's worth while doing a Google search for Chris Lori and keep watching the Video I posted to reinforce it's message.

Inserted Video


As for Indicators, they are always going to get you into Trades late because they Lag the Market by what ever Period you enter into them.
  • #168
  • Jan 18, 2019 1:25am Jan 18, 2019 1:25am
GBP/USD M30/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Jan 19 GBP:USD M30:M1 Short Trade.png Size: 130 KB
  • #169
  • Jan 18, 2019 1:39am Jan 18, 2019 1:39am
1\
Quoting stevepatt
GBP/USD M30/M1 Short Trade {image}
There has now been a New Lower Low are we going to see a Transition from Buying to Selling at the Asian Low??
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Jan 19 GBP:USD M1 Observations.png Size: 136 KB
  • #170
  • Jan 18, 2019 1:41am Jan 18, 2019 1:41am
Quoting stevepatt
{quote} Hi Akron, That's the idea, but don't waste your time trying to Trade USD/CHF there isn't any where near enough Volatility. I Trade GBP/USD, for three reasons, the High Volatility (this Pair has an Average Daily Range in excess of 100 Pips) the relatively Small Spread and because I only want to be watching ONE Pair. It's worth while doing a Google search for Chris Lori and keep watching the Video I posted to reinforce it's message. https://www.youtube.com/watch?time_c...&v=HGRiS-vFkhI As for Indicators, they are always...
it's a good video, but it doesn't have specifics. it's too broad.

how do you check volatility,?
  • #171
  • Jan 18, 2019 1:47am Jan 18, 2019 1:47am
Quoting stevepatt
1\{quote} There has now been a New Lower Low are we going to see a Transition from Buying to Selling at the Asian Low?? {image}
How do you mean transition - isn't it already in a downtrend and now ranging.
  • #172
  • Jan 18, 2019 10:24am Jan 18, 2019 10:24am
Quoting stevepatt
GBP/USD M30/M1 Short Trade {image}

GBP/USD Short Trade Result

+20 Pips +2R

Hi Akron,

Take a look at the Chart below hopefully it explains what I mean by "Transition"
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Jan 19 GBP:USD M1 Observations 2.png Size: 179 KB
  • #173
  • Jan 18, 2019 10:35am Jan 18, 2019 10:35am
Quoting AkronD
{quote} it's a good video, but it doesn't have specifics. it's too broad. how do you check volatility,?

Hi Akron,

USD/CHF Daily Range today is 29 Pips.

GBP/USD Daily Range today is 104 Pips.

This for me = Volatility I would much rather Trade a Pair that moves 100 Pips a day than a Pair that moves 30 Pips a day.
  • #174
  • Jan 18, 2019 10:45am Jan 18, 2019 10:45am
GBP/USD M30/M1 Observations

I'm not around to take the best setups....
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Jan 19 GBP:USD M1 Observations 3.png Size: 127 KB
  • #175
  • Jan 18, 2019 2:14pm Jan 18, 2019 2:14pm
Hi Thisara,

Here are the indicators and template

(more to follow)
Attached File(s)
File Type: mq4 thickwick.mq4   5 KB | 578 downloads
File Type: ex4 snorm_background.ex4   4 KB | 514 downloads
File Type: ex4 Spread(1).ex4   3 KB | 447 downloads
File Type: ex4 Daily_Range_Stats.ex4   22 KB | 503 downloads
File Type: ex4 Daily LinesBoxes(1).ex4   42 KB | 495 downloads
File Type: ex4 P4L CandleTime.ex4   9 KB | 507 downloads
File Type: ex4 BN Levels v1.01.ex4   15 KB | 525 downloads
File Type: mq4 Magnified Market Price_TRO_MOD.mq4   326 KB | 504 downloads
File Type: mq4 #1 Trade Levels (White).mq4   58 KB | 540 downloads
File Type: mq4 #2 Access Panel (White).mq4   163 KB | 514 downloads
  • #176
  • Jan 18, 2019 2:25pm Jan 18, 2019 2:25pm
Quoting stevepatt
{quote} Hi Akron, USD/CHF Daily Range today is 29 Pips. GBP/USD Daily Range today is 104 Pips. This for me = Volatility I would much rather Trade a Pair that moves 100 Pips a day than a Pair that moves 30 Pips a day.
you want volatility emini nq 640 daily range
  • #177
  • Edited Jan 19, 2019 9:55am Jan 18, 2019 2:28pm | Edited Jan 19, 2019 9:55am
To make this work correctly you will also need the Grid_v1_0.mq4 indicator which I can't find on my computer.

Arasheed, has kindly download the Grid_v1_0.mq4 Indicator in this Post #181
Attached File(s)
File Type: tpl Default.tpl   1.7 MB | 586 downloads
File Type: mq4 SDX-SweetSpots.mq4   3 KB | 551 downloads
  • #178
  • Jan 18, 2019 3:13pm Jan 18, 2019 3:13pm
Quoting stevepatt
To make this work correctly you will also need the Grid_v1_0.mq4 indicator which I can't find on my computer. {file} {file}

thank you Stevepatt can you share SDX-SweetSpots_v5.2-Psch.ex4 file
  • #179
  • Jan 18, 2019 4:16pm Jan 18, 2019 4:16pm
Quoting thisara1
{quote} thank you Stevepatt can you share SDX-SweetSpots_v5.2-Psch.ex4 file

Hi Thisara,

Check it now it should work ok Post #177
  • #180
  • Jan 18, 2019 9:48pm Jan 18, 2019 9:48pm
could you please comment on Palladium XPDUSD??
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