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"Price - Structure - Flow"

  • #761
  • Dec 18, 2019 2:13pm Dec 18, 2019 2:13pm
Quoting stevepatt
GBP/USD M15/M1 Short Trade {image}


I'm out of this Trade

Scratch
  • #762
  • Dec 19, 2019 1:27am Dec 19, 2019 1:27am
GBP/USD M15 Observations

I received a message asking to explain what my Journal is about.

Order "Flows" coming into the Market pushes "Price" which in turn create "Structure"

I look for the Daily "Flow" coming into the Market, the "Keltner Channel" is helping me to do this, are the "Flows" Bullish or Bearish?

Wait for Price to Breakout on M15 and then for Price to Return and Test the Breakout Level, as I have highlighted on a Daily Basis.

Don't chase "Price wait for it to PullBack to test the Break out Point.

Remember Order Flows are Fluid, things can change quickly, when Trading the Shorter TFs so we need to be Fluid in our approach to Trading
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15 Observations.png Size: 215 KB
  • #763
  • Dec 19, 2019 7:46am Dec 19, 2019 7:46am
GBP/USD M15 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15 Observations 2.png Size: 205 KB
  • #764
  • Dec 19, 2019 7:53am Dec 19, 2019 7:53am
Quoting stevepatt
GBP/USD M15 Observations I received a message asking to explain what my Journal is about. Order "Flows" coming into the Market pushes "Price" which in turn create "Structure" I look for the Daily "Flow" coming into the Market, the "Keltner Channel" is helping me to do this, are the "Flows" Bullish or Bearish? Wait for Price to Breakout on M15 and then for Price to Return and Test the Breakout Level, as I have highlighted on a Daily Basis. Don't chase "Price wait for it to PullBack to test the Break out Point. Remember Order Flows are Fluid, things...
GBP/USD M15 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15 Observations 3.png Size: 160 KB
  • #765
  • Dec 19, 2019 8:12am Dec 19, 2019 8:12am
Quoting stevepatt
{quote} GBP/USD M15 Observations {image}


GBP/USD M1 Observations

After such an InEfficient Bullish Push Up we can expect Price to PullBack to Test Origins of Bullish Move.

It's a matter of waiting for Price and Structure to be clear before Entering a Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M1 Observations.png Size: 251 KB
  • #766
  • Dec 19, 2019 8:16am Dec 19, 2019 8:16am
GBP/USD M15 Observations

The same thing happens over and over again........
Attached Image (click to enlarge)
Click to Enlarge Name: 19th dec 19 GBP:USD M15:M1 Observations 4.png Size: 233 KB
  • #767
  • Dec 19, 2019 8:27am Dec 19, 2019 8:27am
Quoting stevepatt
GBP/USD M15 Observations The same thing happens over and over again........ {image}
Really good thread.
Perfection is the enemy of good enough!
  • #768
  • Dec 19, 2019 8:34am Dec 19, 2019 8:34am
Quoting stevepatt
GBP/USD M15 Observations The same thing happens over and over again........ {image}


GBP/USD M15 Observations

Set the Price YOU are prepared to SELL or BUY at and, as long as Market Conditions haven't changed, stick to it.

Through experience I have learned not to be tempted by a worse Price
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15:M1 Observations 5.png Size: 266 KB
  • #769
  • Dec 19, 2019 8:35am Dec 19, 2019 8:35am
Quoting MichaelSch
{quote} Really good thread.

Hi Michael,

Thanks for appreciating
  • #770
  • Dec 19, 2019 11:39am Dec 19, 2019 11:39am
GBP/USD M15/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15:M1 Short Trade 2.png Size: 223 KB
  • #771
  • Dec 19, 2019 12:47pm Dec 19, 2019 12:47pm
Quoting stevepatt
GBP/USD M15/M1 Short Trade {image}


GBP/USD M15/M1 Short Trade Result

(-5 Pips) (-1R) (-1%)
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Dec 19 GBP:USD M15:M1 Short Trade Result.png Size: 230 KB
  • #772
  • Dec 20, 2019 1:20am Dec 20, 2019 1:20am
GBP/USD H4/M15/M1 Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20th Dec 19 GBP:USD H4 Observations.png Size: 191 KB
Click to Enlarge Name: 20th Dec 19 GBP:USD M15:M1 Observations.png Size: 241 KB
  • #773
  • Dec 20, 2019 3:00am Dec 20, 2019 3:00am
GBPUSD long trade
Cheers
Attached Image
  • #774
  • Dec 20, 2019 3:02am Dec 20, 2019 3:02am
Quoting Nikl
GBPUSD long trade Cheers {image}
Here's the M1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20191220_17.01.png Size: 42 KB
  • #775
  • Dec 20, 2019 3:42am Dec 20, 2019 3:42am
Quoting Nikl
{quote} Here's the M1 chart {image}
Result +2%
A bit scrappy but I'll take it
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20191220_17.38.png Size: 44 KB
  • #776
  • Dec 20, 2019 4:40am Dec 20, 2019 4:40am
Quoting stevepatt
GBP/USD H4/M15/M1 Observations {image} {image}


GBP/USD M15/M1 Long Trade Result

I got into this Long Trade far to early, got lucky with such a small Stop Loss.

Should have waited for the points highlighted on the Charts below.

+15 Pips +3R +3%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20th Dec 19 GBP:USD M15 Long Trade.png Size: 172 KB
Click to Enlarge Name: 20th Dec 19 GBP:USD M1 Long Entry.png Size: 227 KB
  • #777
  • Dec 20, 2019 4:46am Dec 20, 2019 4:46am
Quoting Nikl
{quote} Result +2% A bit scrappy but I'll take it Cheers {image}


Hi Niki,

It helps to be aware of the nearest Swing Points that might interfere with our TP Point.

Once Price has started to move in your direction you can always reduce your Risk.
  • #778
  • Dec 20, 2019 5:29am Dec 20, 2019 5:29am
Quoting stevepatt
{quote} Hi Niki, It helps to be aware of the nearest Swing Points that might interfere with our TP Point. Once Price has started to move in your direction you can always reduce your Risk.
Hi Steve
yes that was in the back of my mind only after I placed the trade. When price rejected from the swing level I started to sweat a bit! Good thing its only a demo account. I must say your recent charts have really helped me no end!
Cheers
  • #779
  • Dec 20, 2019 5:39am Dec 20, 2019 5:39am
First chart: DAX short M1 from earlier tonight
Inefficient leg and price "bleeds" back to origin
Second chart: The one that got away! (for educational purposes)
cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Germany 30 Cash (A$1)_20191220_17.36.png Size: 32 KB
Click to Enlarge Name: Screenshot_2019-12-20 IG Trading Platform.png Size: 25 KB
  • #780
  • Dec 20, 2019 2:34pm Dec 20, 2019 2:34pm
Quoting Nikl
First chart: DAX short M1 from earlier tonight Inefficient leg and price "bleeds" back to origin Second chart: The one that got away! (for educational purposes) cheers {image} {image}


Hi Niki,

SPOT ON, you've got it.

Take a look at the Chart, below, see if it helps
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Dec 19 Germany 30 M15:M1 Observations.png Size: 297 KB
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