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"Price - Structure - Flow"

  • #821
  • Jun 4, 2020 11:16am Jun 4, 2020 11:16am
Ger.30 M5/M1 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th June 20 Ger.30 M5M1 Short Trade 2.png Size: 94 KB
Click to Enlarge Name: 4th June 20 Ger.30 M5M1 Short Trade.png Size: 116 KB
  • #822
  • Jun 4, 2020 11:52am Jun 4, 2020 11:52am
Quoting stevepatt
Ger.30 M5/M1 Short Trade {image} {image}
Ger.30 M5/M1 Short Trade Result

+20 Pips +2%
Attached Image (click to enlarge)
Click to Enlarge Name: 4th June 20 M5M1 Short Trade Result.png Size: 113 KB
  • #823
  • Jun 4, 2020 12:19pm Jun 4, 2020 12:19pm
Quoting stevepatt
{quote} Ger.30 M5/M1 Short Trade Result +20 Pips +2% {image}
Ger.30 M5/M1 2nd Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 4th June 20 Ger.30 M5M1 Short Trade 3 2.png Size: 114 KB
  • #824
  • Jun 4, 2020 2:33pm Jun 4, 2020 2:33pm
Quoting stevepatt
{quote} Ger.30 M5/M1 2nd Short Trade {image}
Ger.30 M5/M1 Observations

Price moves fast I have to adapt to it, it isn't interested in me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th June 20 Ger.30 M5 Observations 2.png Size: 106 KB
Click to Enlarge Name: 4th June 20 Ger.30 M1 Observations.png Size: 147 KB
  • #825
  • Jun 4, 2020 9:50pm Jun 4, 2020 9:50pm
Hi Stevepatt,

Nice trade! as always.

I test the strategy on USDCAD during Asian section. Unfortunately i took scratch when i see false break on M1, after that price turns to expected direction.

Curious, how do you handle with this trade. and how do you refining entry on M1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-06-05_09_23_41-USDCAD M5.png Size: 58 KB
Click to Enlarge Name: 2020-06-05_09_27_39-USDCAD M1.png Size: 64 KB
  • #826
  • Jun 5, 2020 1:11am Jun 5, 2020 1:11am
Quoting Zrupea
Hi Stevepatt, Nice trade! as always. I test the strategy on USDCAD during Asian section. Unfortunately i took scratch when i see false break on M1, after that price turns to expected direction. Curious, how do you handle with this trade. and how do you refining entry on M1. {image} {image}

Hi Zrupea,

If Price stops doing what you expect Exit the Trade you can always re-enter.

M1 helps me to see Price in more detail.

You also need to know what you can expect in terms of Pips from these Trades.

Ger.30 I aim for 20 Pips because that is easily reachable Trading this Index.

USD/CAD during the Asian Session is going to be far less.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5th June 20 USDCAD M5 Observations.png Size: 93 KB
Click to Enlarge Name: 5th June 20 USDCAD M1 Observations.png Size: 109 KB
  • #827
  • Jun 5, 2020 11:10am Jun 5, 2020 11:10am
Ger.30 M5/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 5th June 20 Ger.30 M5M1 Short Trade.png Size: 89 KB
  • #828
  • Jun 5, 2020 11:25am Jun 5, 2020 11:25am
Quoting stevepatt
Ger.30 M5/M1 Short Trade {image}
Ger.30 M5/M1 Short Trade Result

+20 Pips +2%
Attached Image (click to enlarge)
Click to Enlarge Name: 5th June 20 Ger.30 M5M1 Short Trade Result.png Size: 104 KB
  • #829
  • Jun 5, 2020 11:34am Jun 5, 2020 11:34am
Same pattern... M5/M1

GBPUSD short trade

sl 5 pip, TP 10 pip... 2R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PicsArt_06-05-11.20.53.jpg Size: 142 KB
Click to Enlarge Name: PicsArt_06-05-11.28.35.jpg Size: 158 KB
  • #830
  • Jun 7, 2020 6:25am Jun 7, 2020 6:25am
I don't know if anyone is interested.

But, if you are, check out the Chart below and see how Price Breaks Out on M5 then look at M1 for more detail.

How often does each Break Out make at least +20 Pips??

See what you can do to make it work for you!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 7th June 20 Ger.30 M5 Observations.png Size: 155 KB
  • #831
  • Jun 7, 2020 11:57pm Jun 7, 2020 11:57pm
Quoting stevepatt
I don't know if anyone is interested. But, if you are, check out the Chart below and see how Price Breaks Out on M5 then look at M1 for more detail. How often does each Break Out make at least +20 Pips?? See what you can do to make it work for you!!! {image}
Thank you Stevepatt for valuable knowledge.

Another short trade on EURJPY during Asian section.

SL 5 pip, TP 15 pip// Good RR 1:3

I found lucky as Entry too early, fear missing out. I should wait price to retrace expected M1 zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-06-08_11_31_41-EURJPY_M5.png Size: 39 KB
Click to Enlarge Name: 2020-06-08_11_35_07-EURJPY_M1.png Size: 55 KB
  • #832
  • Jun 8, 2020 10:03am Jun 8, 2020 10:03am
Ger.30 M5/M1 Long Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8th June 20 Ger.30 M5M1 Long Trade.png Size: 87 KB
Click to Enlarge Name: 8th June 20 Ger.30 M5M1 Long Trade 1.png Size: 99 KB
  • #833
  • Jun 8, 2020 11:09am Jun 8, 2020 11:09am
Quoting stevepatt
Ger.30 M5/M1 Long Trade {image} {image}
Ger.30 M5/M1 Long Trade Result

+20 Pips +2%

Watching which way Price will Break...
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 20 Ger.30 M5M1 Long Trade Result.png Size: 144 KB
  • #834
  • Jun 8, 2020 11:13am Jun 8, 2020 11:13am
You are a good one, show us so many great details. Hope you are well and wish you the best.
Perfection is the enemy of good enough!
  • #835
  • Jun 8, 2020 11:27am Jun 8, 2020 11:27am
Quoting stevepatt
{quote} Ger.30 M5/M1 Long Trade Result +20 Pips +2% Watching which way Price will Break... {image}
Ger.30 M5/M1 Short Trade

I guess Price has Broken Short...
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 20 Ger.30 M5M1 Short Trade.png Size: 147 KB
  • #836
  • Jun 8, 2020 11:28am Jun 8, 2020 11:28am
Quoting MichaelSch
You are a good one, show us so many great details. Hope you are well and wish you the best.
Hi Michael,

Thanks, I hope things are going well for you also.
  • #837
  • Jun 9, 2020 12:54am Jun 9, 2020 12:54am
Quoting stevepatt
{quote} Ger.30 M5/M1 Short Trade I guess Price has Broken Short... {image}
Ger.30 M5/M1 Short Trade Result.

So how do I handles a Trade that goes against me...

Price Bias Switched from Short to Long

Exit Short Trade for a Loss and Enter Long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9th June 20 Ger.30 M5M1 Short Trade Result.png Size: 102 KB
Click to Enlarge Name: 9th June 20 Ger.30 M5M1 Short Trade Result 2.png Size: 147 KB
  • #838
  • Jun 9, 2020 4:06am Jun 9, 2020 4:06am
Hi Stevepatt,

Nice trade as always! Good job!

As i work full time, most of the time i away from computer. Tradingview mobile isnot so convenient to mark the structure.

Today trade hit SL 2 times; both orders were bad trades, too early entry, not complete structure on M5, and tight SL 5 pip/TP 10 pip.

The 3rd order is good trade with RR:2:1, extended SL 10 pip/TP 20 pip. I see complete structure on M5 and HH on M1 tf.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-06-09_14_10_00-USDCAD_M5.png Size: 50 KB
Click to Enlarge Name: 2020-06-09_15_00_11-USDCAD_M1.png Size: 69 KB
  • #839
  • Jun 9, 2020 5:25am Jun 9, 2020 5:25am
Quoting stevepatt
{quote} Ger.30 M5/M1 Short Trade Result. So how do I handles a Trade that goes against me... Price Bias Switched from Short to Long Exit Short Trade for a Loss and Enter Long {image} {image}
Can you please share your thought for this trade - switched trend bias?

I either see Price will go down and only short opportunity as previuos structure did LL and LH. I can't see why we should go Long.

Thanks in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 09.06.2020 - Stevepatt Germany30.png Size: 187 KB
Click to Enlarge Name: 09.06.2020 - Stevepatt Germany30_M1.png Size: 256 KB
  • #840
  • Jun 9, 2020 10:19am Jun 9, 2020 10:19am
Ger.30 M5/M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 9th June 20 Ger.30 M5M1 Short Trade.png Size: 111 KB
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