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"Price - Structure - Flow"

  • #1,121
  • May 21, 2021 1:13am May 21, 2021 1:13am
Quoting stevepatt
{quote} Hi Nick; GBP/USD M30 M5 M1 Observations This could be a good place to start. Look at the first Break and Close of the Asian Range M30 (00.00 to 06.59 BST) Then wait for Price to Test the Break {image}
Hi Steve,

Thank you for the chart, awesome!
I was watching the price and looking for sells instead.
Just got stopped out , can you take a look and see what's wrong with my thought process?

Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 725 KB
"The hard work in trading comes in the preparation"
  • #1,122
  • May 21, 2021 1:18am May 21, 2021 1:18am
Hi Steve,

Thank you, I tried to post my chart, but seems my post has not been appeared!?
"The hard work in trading comes in the preparation"
  • #1,123
  • May 21, 2021 1:38am May 21, 2021 1:38am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations {image}
GBP/USD M30 M5 M1 Observations 2
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 3.png Size: 180 KB
  • #1,124
  • May 21, 2021 2:09am May 21, 2021 2:09am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 2 {image}
GBP/USD M30 M5 M1 Observations 3
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 4.png Size: 200 KB
  • #1,125
  • May 21, 2021 2:37am May 21, 2021 2:37am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 3 {image}
GBP/USD M30 M5 M1 Observations 4
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Obsewrvations 5.png Size: 181 KB
  • #1,126
  • May 21, 2021 3:08am May 21, 2021 3:08am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 4 {image}
GBP/USD M30 M5 M1 Observations 5
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 5.png Size: 202 KB
  • #1,127
  • May 21, 2021 3:27am May 21, 2021 3:27am
Quoting Nick.Vuong
{quote} Hi Steve, Thank you for the chart, awesome! I was watching the price and looking for sells instead. Just got stopped out , can you take a look and see what's wrong with my thought process? {image}

Hi Nick;

The Big Round Number (BRN) 1.42000 was the attraction Higher

Institutions use BRN and Half Numbers, a lot, to Place their Pending Orders so they always attract Price

You weren't wrong Price dropped it was your Stop that was in the wrong place

Sometimes Price has to Drop Lower to Pick up Orders Sitting there (Pending Orders) before it can Break Higher

The 1.42000 BRN is being Defended (so far)
  • #1,128
  • May 21, 2021 3:32am May 21, 2021 3:32am
Quoting stevepatt
{quote} Hi Nick; The Big Round Number (BRN) 1.42000 was the attraction Higher Institutions use BRN and Half Numbers, a lot, to Place their Pending Orders so they always attract Price You weren't wrong Price dropped it was your Stop that was in the wrong place Sometimes Price has to Drop Lower to Pick up Orders Sitting there (Pending Orders) before it can Break Higher The 1.42000 BRN is being Defended (so far)
Thank you Steve, well noted, I have not paid attention to the BRN so far!
"The hard work in trading comes in the preparation"
  • #1,129
  • May 21, 2021 3:38am May 21, 2021 3:38am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 5 {image}
GBP/USD M30 M5 M1 Observations 6

Today's Range is only 31 Pips WAIT for Price (Institutions) to LEAD the WAY....
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 6.png Size: 211 KB
  • #1,130
  • May 21, 2021 4:05am May 21, 2021 4:05am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 6 Today's Range is only 31 Pips WAIT for Price (Institutions) to LEAD the WAY.... {image}
GBP/USD M30 M5 M1 Observations 7

Price has Broken above the Asian range = Bias Long

We need a Pullback to Structure to look for Opportunities to go Long
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 7.png Size: 234 KB
  • #1,131
  • May 21, 2021 4:37am May 21, 2021 4:37am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 7 Price has Broken above the Asian range = Bias Long We need a Pullback to Structure to look for Opportunities to go Long {image}
GBP/USD M30 M5 M1 Observations 8

Price has continued Higher

Still waiting do you get the feeling Trading can be Frustrating
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 8.png Size: 211 KB
  • #1,132
  • May 21, 2021 4:41am May 21, 2021 4:41am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 8 Price has continued Higher Still waiting do you get the feeling Trading can be Frustrating {image}
Yes, I took a long position earlier, closed at only 8 pips profit
"The hard work in trading comes in the preparation"
  • #1,133
  • May 21, 2021 4:52am May 21, 2021 4:52am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 8 Price has continued Higher Still waiting do you get the feeling Trading can be Frustrating {image}
GBP/USD M30 Observations

If Price continues to Climb above 1.42200 I will be more Interested in looking for Short Opportunities....

Price cannot continue to Climb without Orders to sustain it

Price will have to Drop to find Buyers who want to Enter at better Value.....
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 Observations.png Size: 120 KB
  • #1,134
  • May 21, 2021 5:24am May 21, 2021 5:24am
Quoting stevepatt
{quote} GBP/USD M30 Observations If Price continues to Climb above 1.42200 I will be more Interested in looking for Short Opportunities.... Price cannot continue to Climb without Orders to sustain it Price will have to Drop to find Buyers who want to Enter at better Value..... {image}

Watch Price for signs of Exhaustion IT is getting very "Skinny"

Look for a Switch in Structure and Flow (M5 M1)

Either Buy Orders Dry Up or we hit a Pocket of Sell Orders to take Price Lower....
  • #1,135
  • May 21, 2021 5:44am May 21, 2021 5:44am
Price did BOS of asian range, came back to asian low taking a jump from green gap rectangle, and make another gap, and confluence of 61.8 fib level retest which is also a confluence of 50% of grey 1H candle to go higher.
Attached Image (click to enlarge)
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"Exchange of hands"
  • #1,136
  • May 21, 2021 5:58am May 21, 2021 5:58am
Quoting stevepatt
{quote} Watch Price for signs of Exhaustion IT is getting very "Skinny" Look for a Switch in Structure and Flow (M5 M1) Either Buy Orders Dry Up or we hit a Pocket of Sell Orders to take Price Lower....
I just took sells when m1 created bearish structure
"The hard work in trading comes in the preparation"
  • #1,137
  • May 21, 2021 6:01am May 21, 2021 6:01am
Quoting stevepatt
{quote} Watch Price for signs of Exhaustion IT is getting very "Skinny" Look for a Switch in Structure and Flow (M5 M1) Either Buy Orders Dry Up or we hit a Pocket of Sell Orders to take Price Lower....
GBP/USD M30 M5 M1 Short Opportunity

Looks like I have missed it
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Short Opportunity.png Size: 203 KB
  • #1,138
  • May 21, 2021 6:02am May 21, 2021 6:02am
i will take partials in a while, i expect price to take a bounce at 1.4205
Attached Image (click to enlarge)
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"Exchange of hands"
  • #1,139
  • May 21, 2021 6:23am May 21, 2021 6:23am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Opportunity Looks like I have missed it {image}
GBP/USD M30 M5 M1 Observations 9

I missed the Short Entry

I was concentrating, too hard, on getting the "Perfect Entry"

How many Traders Post Live 30 Minute Charts detailing exactly what they are doing and looking for???
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Observations 9.png Size: 234 KB
  • #1,140
  • May 21, 2021 6:54am May 21, 2021 6:54am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Observations 9 I missed the Short Entry I was concentrating, too hard, on getting the "Perfect Entry" How many Traders Post Live 30 Minute Charts detailing exactly what they are doing and looking for??? {image}
GBP/USD M30 M5 M1 Observations 10

Now looking for Long Opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: 21st May 21 GBPUSD M30 M5 M1 Obsertvations 10.png Size: 214 KB
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