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"Price - Structure - Flow"

  • #241
  • Edited 2:19am Jan 27, 2019 1:21am | Edited 2:19am
Quoting stevepatt
{quote} 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.
For me work well. Why? Because i set my SL not far away and focus on higher CRV. If the setup is not working i look for another chance. If i set in this picture all the way back my SL under the lowest point with some space i must have a huge movement up to get 1:1 or more.

We can see the same chart many time different and that is the task to talk about the same picture. I only show what come infront if i look on this chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Picture_make_easy-3.png Size: 256 KB
Perfection is the enemy of good enough!
  • #242
  • Jan 27, 2019 3:46am Jan 27, 2019 3:46am
stevepatt
is my thinking correct
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Jan 19 GBP USD M1 Observations 4 3.png Size: 96 KB
  • #243
  • Jan 27, 2019 4:01am Jan 27, 2019 4:01am
Quoting MichaelSch
{quote} For me work well. Why? Because i set my SL not far away and focus on higher CRV. If the setup is not working i look for another chance. If i set in this picture all the way back my SL under the lowest point with some space i must have a huge movement up to get 1:1 or more. We can see the same chart many time different and that is the task to talk about the same picture. I only show what come infront if i look on this chart. {image}
Hi Michael,

Thank you for your input, it's always good to get another perspective.

And I see where you are coming from with it but I am always wary of jumping straight into a Trade after I see a Swing Point Engulfed.

I can never be sure, with that first move, wether it's for real or a Stop Run.

It's only after the second HH/LL that I feel happy taking a Trade.

What does CRV mean?
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Jan 19 GBP:USD M1 Observations.png Size: 153 KB
  • #244
  • Jan 27, 2019 4:12am Jan 27, 2019 4:12am
Quoting venkatredy
stevepatt is my thinking correct {image}

Hi Venka,

Technically you are correct. The LL you have Marked is more an equal HL.

The M15 Grid helps to eliminate Trading the M1 Micro Structure.
  • #245
  • Jan 28, 2019 1:24am Jan 28, 2019 1:24am
GBP/USD M15/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Jan 19 GBP:USD M15:M1 Short Trade.png Size: 138 KB
  • #246
  • Jan 28, 2019 10:53am Jan 28, 2019 10:53am
GBP/JPY M15/M1 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 28th Jan GBP:JPY M15:M1 Short Trade 2.png Size: 122 KB
Click to Enlarge Name: 28th Jan 19 GBP:JPY M15:M1 Short Trade.png Size: 111 KB
  • #247
  • Jan 28, 2019 11:58am Jan 28, 2019 11:58am
Quoting stevepatt
GBP/JPY M15/M1 Short Trade {image} {image}
GBP/USD M15/M1 Short Trade Result

BE

GBP/JPY Long Trade

You've got to be quick on your feet...
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Jan 19 GBP:JPY M15:M1 Long Trade.png Size: 131 KB
  • #248
  • Jan 28, 2019 4:06pm Jan 28, 2019 4:06pm
Quoting stevepatt
{quote} GBP/USD M15/M1 Short Trade Result BE GBP/JPY Long Trade You've got to be quick on your feet... {image}
GBP/JPY M15/M1 Long Trade Result

+15 Pips +1R

Exit before the 144.000 Whole Number
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Jan 19 GBP:JPY M15:M1 Long Trade Result.png Size: 116 KB
  • #249
  • Jan 29, 2019 12:33am Jan 29, 2019 12:33am
GBP/USD M15/M1 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Jan 19 GBP:USD M15:M1 Long Trade.png Size: 145 KB
  • #250
  • Jan 29, 2019 5:35am Jan 29, 2019 5:35am
Quoting stevepatt
GBP/USD M15/M1 Long Trade {image}
range gbpusd my short fail
  • #251
  • Jan 29, 2019 1:19pm Jan 29, 2019 1:19pm
hellow stevepatt please share with me gbpusd h4 viewmy trade still runing
  • #252
  • Jan 30, 2019 1:00am Jan 30, 2019 1:00am
Quoting stevepatt
GBP/USD M15/M1 Long Trade {image}
GBP/USD M15/M1 Long Trade Result

(-10 Pips) (-1R)

The Chart below shows (-20 Pips) it should read (-10 Pips)
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP:USD M30:M1 Long Trade Result.png Size: 120 KB
  • #253
  • Jan 30, 2019 1:00am Jan 30, 2019 1:00am
GBP/USD M15/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP:USD M15:M1 Short Trade.png Size: 125 KB
  • #254
  • Jan 30, 2019 1:19am Jan 30, 2019 1:19am
Quoting thisara1
hellow stevepatt please share with me gbpusd h4 viewmy trade still runing
Hi Thisara,

Sorry for the late reply, I haven't been feeling too well recently.

I hope you where Short?

With Brexit I don't see GBP making New Highs on the Higher Time Frames.
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP:USD H4 Observations.png Size: 103 KB
  • #255
  • Jan 30, 2019 8:53am Jan 30, 2019 8:53am
Quoting stevepatt
{quote} Hi Thisara, Sorry for the late reply, I haven't been feeling too well recently. I hope you where Short? With Brexit I don't see GBP making New Highs on the Higher Time Frames. {image}
thank you 1st entry sl,second 3th entry h4 base setup i think wrong 1min
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 292 KB
  • #256
  • Jan 30, 2019 10:51am Jan 30, 2019 10:51am
Quoting stevepatt
GBP/USD M15/M1 Short Trade {image}
GBP/USD M15/M1 Short Trade Result

+20 Pips +2R
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP:USD M15:M1 Short Trade Result.png Size: 163 KB
  • #257
  • Jan 30, 2019 12:49pm Jan 30, 2019 12:49pm
Quoting thisara1
{quote} thank you 1st entry sl,second 3th entry h4 base setup i think wrong 1min {image}

Hi Thisara,

The whole idea of Trading M15/M1 is to be aiming for a Small Stop and at least a 1:1.5 Return.

Your first Entry was too early, remember we are looking for TWO Lower Lows and then for Price to PullBack to Test Structure.

You missed the Long Trade up to the 1.32000 Whole Number

From there, there was another Short Trade Setup from the 1.32000 Whole Number.

See Chart below.

PATIENCE is KEY when Trading
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP:USD M1 Observations.png Size: 164 KB
  • #258
  • Jan 30, 2019 1:00pm Jan 30, 2019 1:00pm
Quoting stevepatt
{quote} Hi Thisara, The whole idea of Trading M15/M1 is to be aiming for a Small Stop and at least a 1:1.5 Return. Your first Entry was too early, remember we are looking for TWO Lower Lows and then for Price to PullBack to Test Structure. You missed the Long Trade up to the 1.32000 Whole Number From there, there was another Short Trade Setup from the 1.32000 Whole Number. See Chart below. PATIENCE is KEY when Trading {image}
thank you expain stevepatt same entry gone long gbpjpy today Whole Number 143.50
  • #259
  • Jan 30, 2019 8:42pm Jan 30, 2019 8:42pm
GOOD MORNING STEVEPATT

my way of thinking LH & LL. is it correct way
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Jan 19 GBP USD M1 Observations.png Size: 125 KB
  • #260
  • Jan 30, 2019 11:42pm Jan 30, 2019 11:42pm
Quoting venkatredy
GOOD MORNING STEVEPATT my way of thinking LH & LL. is it correct way {image}

Hi Venka,

I don't pay so much attention to a LH when it appears within the same M15 Candle as the Higher High.

The LL you have marked is the last HL in that Swing High

I hope this helps.
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