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"Price - Structure - Flow"

  • #221
  • Edited 1:22am Jan 25, 2019 1:03am | Edited 1:22am
Quoting thisara1
M1 Short Trade GBPUSD {image}
Hi Thisara,

Make sure you are always aware of Whole and Half Numbers.

I am also wary of Trading around a Parabolic Move (Momentum) we often see a Parabolic Move at the end of a Bull Bear Run.

The more time you spend watching Charts the more aware you will become.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Jan 19 GBP:USD M1 Observations.png Size: 132 KB
  • #222
  • Jan 25, 2019 5:13am Jan 25, 2019 5:13am
Quoting stevepatt
{quote} Hi Thisara, Make sure you are always aware of Whole and Half Numbers. I am also wary of Trading around a Parabolic Move (Momentum) we often see a Parabolic Move at the end of a Bull Bear Run. The more time you spend watching Charts the more aware you will become. {image}

M1 Short gbpusd net pip 40 risk reward 1+2
M1 short gbpcad net pip 90 risk reward 1+4


awesome trading strategy thank you stevepatt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 262 KB
Click to Enlarge Name: Picture2.jpg Size: 263 KB
  • #223
  • Jan 25, 2019 8:56am Jan 25, 2019 8:56am
M1 Long gbpusd trade
Attached Image (click to enlarge)
Click to Enlarge Name: Picture5.jpg Size: 345 KB
  • #224
  • Jan 25, 2019 10:38am Jan 25, 2019 10:38am
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: 25th Jan 19 GBP:USD M30:M1 Short Trade Result.png Size: 168 KB
  • #225
  • Jan 25, 2019 10:40am Jan 25, 2019 10:40am
Quoting stevepatt
{quote} GBP/USD M30/M1 Short Trade Result +20 Pips +2R {image}
hellow stevepatt what's tool your using arrow and trand line draw tool?


today setup
gbpusd short +27
gbpusd long +20
gbbcad short +110

  • #226
  • Jan 25, 2019 10:52am Jan 25, 2019 10:52am
Quoting stevepatt
{quote} GBP/USD M30/M1 Short Trade Result +20 Pips +2R I hope I'm not over loading my Charts with too much Information?? {image}
Before a Long Bias can be confirmed we need to see a Higher Low and a Higher High but a change in Structure is only Confirmed after the Second Higher High.

I hope that makes sense?
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Jan 19 GBP:USD M1 Observations 2.png Size: 139 KB
  • #227
  • Jan 25, 2019 10:54am Jan 25, 2019 10:54am
Quoting thisara1
{quote} hellow stevepatt what's tool your using arrow and trand line draw tool? today setup gbpusd short +27 gbpusd long +20 gbbcad short +110
Hi Thisara,

I draw them in using Jing Capture it's not part of mq4.

Well done with the Trades I wish I had more time to spend Trading.
  • #228
  • Jan 26, 2019 9:57am Jan 26, 2019 9:57am
hi stevepatt
is this entry correct
Attached Image (click to enlarge)
Click to Enlarge Name: df7ead1b84e35a7c42bac183b3ddb4b5.png Size: 31 KB
  • #229
  • Jan 26, 2019 10:04am Jan 26, 2019 10:04am
Quoting venkatredy
hi stevepatt is this entry correct {image}

Hi Venka,

I need a clearer picture of your Entry and I need to know which Pair and TF
  • #230
  • Jan 26, 2019 10:47am Jan 26, 2019 10:47am
Hi stevepaat
I marked arrow .its gbpusd 1min tf
  • #231
  • Jan 26, 2019 11:08am Jan 26, 2019 11:08am
Quoting venkatredy
Hi stevepaat I marked arrow .its gbpusd 1min tf
Hi Venka,

The Green Candle you have highlighted is far to small to base a Long Trade from.

I'm always concentrate on the most recent Structure Point to look for PA to take a Trade.

See the Chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Jan 19 GBP:USD M1 Observations 4 3.png Size: 135 KB
  • #232
  • Jan 26, 2019 11:12am Jan 26, 2019 11:12am
stevepatt why you trade lower tf instead of higher tf
as every trader suggest to trade higher tf
  • #233
  • Jan 26, 2019 11:58am Jan 26, 2019 11:58am
Quoting venkatredy
stevepatt why you trade lower tf instead of higher tf as every trader suggest to trade higher tf
Hi Venka,

Not every other Trader wants to Trade the HTFs.

I Enter Trades from M1 because I can "see" more detail within Price on this TF.

I have a Grid set on M1 to the M15 or M30 TFs so I can see on M1 how Price is reacting to the HTFs.

You can see from the Charts below there is far more detail in the M1 Chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Jan 19 GBP:USD M1 Observations 5.png Size: 150 KB
Click to Enlarge Name: 26th Jan 19 GBP:USD M15 Observation 2s.png Size: 112 KB
  • #234
  • Edited 12:18pm Jan 26, 2019 12:05pm | Edited 12:18pm
Quoting stevepatt
{quote} Hi Venka, Not every other Trader wants to Trade the HTFs. I Enter Trades from M1 because I can "see" more detail within Price on this TF. I have a Grid set on M1 to the M15 or M30 TFs so I can see on M1 how Price is reacting to the HTFs. You can see from the Charts below there is far more detail in the M1 Chart {image} {image}
why focus daily gbpusd only?sametime gbpusd range time other pair moving well
i like strong curruncy and weak curruncy focus get entry

gbpcad last friday dont's see it
Attached Image (click to enlarge)
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  • #235
  • Jan 26, 2019 12:06pm Jan 26, 2019 12:06pm
stevepatt do u consider only high and low of candle
or candle open close
  • #236
  • Jan 26, 2019 12:24pm Jan 26, 2019 12:24pm
Quoting thisara1
{quote} why focus daily gbpusd only?sametime gbpusd range time other pair moving well i like strong curruncy and weak curruncy focus get entry
Hi Thisara,

I only Trade GBP/USD because it's the Pair I know best.

I know the amount of Pips to expect, on Average, in a Swing.

By Trading from M1 it usually doesn't matter if it is Ranging there is still enough Pips to be found.

I aim for a 10 Pip SL and a 20 TP because I know 20 Pips is well within the Average Swings we see.

I know there are times when Price continues for many more Pips than this but there are many more times when it doesn't.

I can always re-enter if it continues to move.

I have limited time to Trade also which affects the way I Trade.

At the end of the day I would rather know one Pair very well than many Pairs not so well.

If you are happy using Currency Strength then that is fine too.

The GBP/CAD Chart, you posted, shows there is Dealing around the 1.74000 Whole Number Price returns to Structure and any Long Trades that have been missed get Consumed and BOOM
  • #237
  • Jan 26, 2019 12:29pm Jan 26, 2019 12:29pm
Quoting stevepatt
{quote} Hi Venka, Not every other Trader wants to Trade the HTFs. I Enter Trades from M1 because I can "see" more detail within Price on this TF. I have a Grid set on M1 to the M15 or M30 TFs so I can see on M1 how Price is reacting to the HTFs. You can see from the Charts below there is far more detail in the M1 Chart {image} {image}
Excellent posts Steve -but why do people still post their multiple indicators here instead of sticking to your "price action rules" approach?
Keep up the excellent work Steve.
every Saint has a past. Every Sinner has a Future
  • #238
  • Jan 26, 2019 12:35pm Jan 26, 2019 12:35pm
Quoting venkatredy
stevepatt do u consider only high and low of candle or candle open close

Hi Venka,

It usually depends on the size of the Wicks.
  • #239
  • Jan 26, 2019 12:51pm Jan 26, 2019 12:51pm
Quoting venkatredy
hi stevepatt is this entry correct {image}
I see your chart this way ...

Attached Image (click to enlarge)
Click to Enlarge Name: Picture_make_easy.png Size: 154 KB
Perfection is the enemy of good enough!
  • #240
  • Jan 26, 2019 1:11pm Jan 26, 2019 1:11pm
Quoting MichaelSch
{quote} I see your chart this way ... {image}
Hi Michael,

When Price is moving up I like to see two Higher Highs and then a PullBack to Structure.

Why?

Because often you will see Price make an Higher High only for Price to then fall back and continue Short.

I've made this mistake many times in the past.

It's another reason to Trade M1 because you don't need big moves to make New Highs.
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