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"Price - Structure - Flow"

  • #961
  • Oct 16, 2020 9:50am Oct 16, 2020 9:50am
Quoting stevepatt
{quote} Ger.30 M3 Observations 4 When Price is in a hurry to get somewhere it's best not to get in its way and just let it go {image}
Ger.30 M3 Short Trade 3
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  • #962
  • Oct 16, 2020 10:20am Oct 16, 2020 10:20am
Quoting stevepatt
{quote} Ger.30 M3 Short Trade 3 {image}
Ger.30 M3 Short Trade 3 Result

+20 Pips +2%
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  • #963
  • Oct 16, 2020 10:37am Oct 16, 2020 10:37am
Ger.30 M3 Long Trade
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  • #964
  • Oct 16, 2020 10:43am Oct 16, 2020 10:43am
Quoting stevepatt
Ger.30 M3 Long Trade {image}
Ger.30 M3 Long Trade Result

+10 Pips +1%
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  • #965
  • Oct 16, 2020 10:57am Oct 16, 2020 10:57am
Ger.30 M3 Long Trade 3
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  • #966
  • Oct 16, 2020 11:17am Oct 16, 2020 11:17am
Quoting stevepatt
Ger.30 M3 Long Trade 3 {image}
Flipped from Long to Short
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  • #967
  • Oct 16, 2020 11:34am Oct 16, 2020 11:34am
Quoting stevepatt
{quote} Flipped from Long to Short {image}
Ger.30 M3 Observations 6
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  • #968
  • Oct 17, 2020 3:06am Oct 17, 2020 3:06am
Quoting stevepatt
Ger.30 M3 Long Trade 3 {image}
Ger.30 Long Trade Result

(-18.5) Pips (-1.85%)

"Flipped" Long to Short Trade Result

+10 Pips +1%

Ger.30 Long Trade 4 Result

+10 Pips +1%

Net Result of these three Trades is +1.5 Pips

It is far better after a Losing Trade, for me, to stick to my Trading Plan of +10 Pips per Trade than try to make the Loss back in one Trade.

The advantage of Trading on such a "Micro Level" is it doesn't take long for another Trade Set Up.

I am finding M3 just right for finding Levels to Trade M5 was too Big and M1 too Small
Attached Image (click to enlarge)
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  • #969
  • Oct 19, 2020 5:54am Oct 19, 2020 5:54am
Quoting stevepatt
{quote} Ger.30 Long Trade Result +10 Pips +1% I can't get any closer to "Real Time Trading" How many other Traders post what they are seeing on such a "Micro Level"?? {image}
Since the oldtradermans Postings i watch the m1 m5 PA for DAX30.
Thank you for your Posting very interisting and helpfull for My Trading
  • #970
  • Oct 19, 2020 10:55am Oct 19, 2020 10:55am
as you said before, its not so easy to print lifetrades in fast m1 markets
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  • #971
  • Oct 19, 2020 11:14am Oct 19, 2020 11:14am
another 10 pips after fast stopfishing with high Tickvolume
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10 pips is always a good size when scalping m1. But i also have lots of B/E cause i follow the trade very close and exit manuell as soon as i see big S&R in Tickchart
  • #972
  • Oct 19, 2020 11:24am Oct 19, 2020 11:24am
Quoting MJurban
another 10 pips after fast stopfishing with high Tickvolume{image}10 pips is always a good size when scalping m1. But i also have lots of B/E cause i follow the trade very close and exit manuell as soon as i see big S&R in Tickchart
Hi MJurban,

I find +10 Pips is good especially at the Initial Reversal of a "Run Up" or "Run Down".

Aiming for +5 Pips is probably better on subsequent Entries

It all depends on Time of Day and Price Momentum

Glad to see someone who gets it
  • #973
  • Oct 19, 2020 12:20pm Oct 19, 2020 12:20pm
Ger.30 M3 Observations
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  • #974
  • Nov 2, 2020 4:25am Nov 2, 2020 4:25am
Nice thread. This kind of shorter time frame trading is my style as well.
GU gave several good entries from breakout failures and continuations today.
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  • #975
  • Nov 9, 2020 1:26am Nov 9, 2020 1:26am
M30 M3 Long Trade

long Trade Result

+10 Pips +1%
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  • #976
  • Nov 17, 2020 12:53am Nov 17, 2020 12:53am
Ger.30 M3 Observations....
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  • #977
  • Nov 29, 2020 4:21am Nov 29, 2020 4:21am
Ger.30 M3 Observations

Watch Price when it Fails to Drop or Climb...
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  • #978
  • Nov 29, 2020 8:29am Nov 29, 2020 8:29am
What rules do employ to enter a trade Steve? eg
- pending order at a specific level
- candle pattern at a specific level
- other?

On this one for eg would you mark your level at X, wait for it to be broken and then open a pending order at level X ? or would you be looking for further rejection still to go short?
Attached Image
  • #979
  • Nov 29, 2020 12:41pm Nov 29, 2020 12:41pm
Quoting goose11
What rules do employ to enter a trade Steve? eg - pending order at a specific level - candle pattern at a specific level - other? On this one for eg would you mark your level at X, wait for it to be broken and then open a pending order at level X ? or would you be looking for further rejection still to go short? {image}
Hi Goose,

I would look to Enter Short with a Market Order as soon as Price Tests the lower red line.

I aim for +10 Pips and use Stop and Reverse if Price goes against me.

There are examples further back in the Journal explaining exactly how I Enter and Exit a Trade.
  • #980
  • Nov 29, 2020 1:38pm Nov 29, 2020 1:38pm
Thanks Steve, I've looked through the thread previously but wasn't quite sure on your rules for the retest, I must have missed, I'll take another look.
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