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"Price - Structure - Flow"

  • #1,261
  • May 31, 2021 2:46am May 31, 2021 2:46am
The 2nd and 3rd trades were stopped out @ -5pips. So breakeven today for me
Need to study the trades carefully later today.

Attached Image (click to enlarge)
Click to Enlarge Name: 962b8fb6cd591249a34dadb73b2bbe1b.png Size: 59 KB
"The hard work in trading comes in the preparation"
  • #1,262
  • May 31, 2021 3:50am May 31, 2021 3:50am
Quoting stevepatt
{quote} GBP/USD M30 m5 M1 Short Trade Price Broke and Closed outside the M30 Zone I highlighted Watching it as I write this... {image}
GBP/USD M30 Observations

Still Holding my Short Trade

Structure is still Short on M30
Attached Image (click to enlarge)
Click to Enlarge Name: 31st May 21 GBPUSD M30 Observatiions 2.png Size: 201 KB
  • #1,263
  • May 31, 2021 4:00am May 31, 2021 4:00am
Quoting KevinZeng
{quote} Hi Steve, The gap seems the new item to your charts. Will you trade when the price is down to the gap but has not reached the bullish order block?
It is not new to Steve, he mention about them in his below post while referring chris lori and it has inspired me too
https://www.forexfactory.com/thread/...13519222#reply
"Exchange of hands"
  • #1,264
  • May 31, 2021 4:17am May 31, 2021 4:17am
Quoting stevepatt
{quote} GBP/USD M30 Observations Still Holding my Short Trade Structure is still Short on M30 {image}
GBP/USD M5 M1 Observations

I didn't get to Trade early this morning so missed the ideal Entry for a Short
Attached Image (click to enlarge)
Click to Enlarge Name: 31st May 21 GBPUSD M5 M1 Observations.png Size: 187 KB
  • #1,265
  • May 31, 2021 6:29am May 31, 2021 6:29am
Quoting stevepatt
{quote} GBP/USD M5 M1 Observations I didn't get to Trade early this morning so missed the ideal Entry for a Short {image}
Hi Steve,

Yes, this was the first trade I took today, unfortunately the next 2 trades afterwards were losses
"The hard work in trading comes in the preparation"
  • #1,266
  • May 31, 2021 8:03am May 31, 2021 8:03am
My Lord,
What is this? Been waiting for price to reach OB
Attached Image (click to enlarge)
Click to Enlarge Name: 0193ddf5781969cfd948d404c5521959.png Size: 56 KB
"The hard work in trading comes in the preparation"
  • #1,267
  • May 31, 2021 11:33pm May 31, 2021 11:33pm
Quoting stevepatt
{quote} GBP/USD M30 Observations Still Holding my Short Trade Structure is still Short on M30 {image}

GBP/USD M30 M5 M1 Short Trade(s) Result

I Entered a Second Short (see Chart below)

I saw the Gap on M5 and waited to see how Price would react

When I saw the Bearish Structure M5 I Entered the 2nd Short Trade

I Exited both Short Trades within the M5 Order Block

I never exceed 2% risk when Trading I split my Risk so I can Enter a Maximum of 4 Trades at any one time

There is always a Hard Stop Loss in Place, usually +30 Pips

It is very rare for this to be hit
Attached Image (click to enlarge)
Click to Enlarge Name: 1st June 21 GBPUSD M30 M5 M1 Short Trades Result.png Size: 211 KB
  • #1,268
  • May 31, 2021 11:35pm May 31, 2021 11:35pm
GBP/USD M30 M5 M1 Observations

Price has run through February's High and Picked up any Liquidity Sitting there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st June 21 GBPUSD M30 Observations.png Size: 126 KB
Click to Enlarge Name: 1st June 21 GBPUSD M5 M1 Observations.png Size: 192 KB
  • #1,269
  • Jun 1, 2021 1:00am Jun 1, 2021 1:00am
Quoting stevepatt
GBP/USD M30 M5 M1 Observations Price has run through February's High and Picked up any Liquidity Sitting there {image} {image}
Thanks Steve,
Short profit 10pips
  • #1,270
  • Jun 1, 2021 1:19am Jun 1, 2021 1:19am
My internet was down and couldn't post the earlier trades.
Now time to watch as the price is reaching M30 BuOB.

Attached Image (click to enlarge)
Click to Enlarge Name: d72257a3fa68d1d4f75b449f710c089f.png Size: 57 KB
"The hard work in trading comes in the preparation"
  • #1,271
  • Jun 1, 2021 1:24am Jun 1, 2021 1:24am
Quoting Nick.Vuong
My internet was down and couldn't post the earlier trades. Now time to watch as the price is reaching M30 BuOB. {image}
It seems that the gap will be filled.
  • #1,272
  • Jun 1, 2021 1:28am Jun 1, 2021 1:28am
Quoting KevinZeng
{quote} It seems that the gap will be filled.
Yes, waiting for the next OB, we will never know which one it will be reacted, just wait for confirmation, being patient
"The hard work in trading comes in the preparation"
  • #1,273
  • Jun 1, 2021 8:29am Jun 1, 2021 8:29am
Quoting stevepatt
GBP/USD M30 M5 M1 Observations Price has run through February's High and Picked up any Liquidity Sitting there {image} {image}
GBP/USD M30 Observations

M30 Bearish Order Block Reversed Price

The M30 GAP was Filled and the M30 Bullish Order Block Mitigated
Attached Image (click to enlarge)
Click to Enlarge Name: 1st June 21 GBPUSD M30 Observations 2.png Size: 168 KB
  • #1,274
  • Jun 1, 2021 8:46am Jun 1, 2021 8:46am
Quoting stevepatt
{quote} GBP/USD M30 Observations M30 Bearish Order Block Reversed Price The M30 GAP was Filled and the M30 Bullish Order Block Mitigated {image}
Very nicely explained chart as usual, Steve, thanks!
"The hard work in trading comes in the preparation"
  • #1,275
  • Jun 1, 2021 9:33am Jun 1, 2021 9:33am
Quoting stevepatt
{quote} GBP/USD M30 Observations M30 Bearish Order Block Reversed Price The M30 GAP was Filled and the M30 Bullish Order Block Mitigated {image}

GBP/USD M5 Observations

This is why I "think" the 1.41500 Half Number could have a Role to Play...
Attached Image (click to enlarge)
Click to Enlarge Name: 1st June 21 -GBP-USD M5 Observations.png Size: 194 KB
  • #1,276
  • Jun 1, 2021 9:41am Jun 1, 2021 9:41am
Quoting stevepatt
{quote} GBP/USD M5 Observations This is why I "think" the 1.41500 Half Number could have a Role to Play... {image}
Hi Steve,

Could you please explain a bit about Half Number? Are you also considering .2 and .8 number?
"The hard work in trading comes in the preparation"
  • #1,277
  • Jun 1, 2021 9:51am Jun 1, 2021 9:51am
Quoting Nick.Vuong
{quote} Hi Steve, Could you please explain a bit about Half Number? Are you also considering .2 and .8 number?

Hi Nick;

Yes, Institutions use Whole and Half Numbers for their Pending Long and Short Trades

Clients, like Big Corporations, will want to do Business at a certain Price they are prepared to Pay usually a Whole or Half Number

Very Big Orders get a Bigger Distribution this is when the .2 and .8 Numbers can come into play

I used to put these Levels on my Charts; if you take a look at HTF Charts you will see how often a Large Swing will Originate from one of these Numbers

If you look at my earlier Charts you will see them
  • #1,278
  • Jun 1, 2021 9:52am Jun 1, 2021 9:52am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Trade(s) Result I Entered a Second Short (see Chart below) I saw the Gap on M5 and waited to see how Price would react When I saw the Bearish Structure M5 I Entered the 2nd Short Trade I Exited both Short Trades within the M5 Order Block I never exceed 2% risk when Trading I split my Risk so I can Enter a Maximum of 4 Trades at any one time There is always a Hard Stop Loss in Place, usually +30 Pips It is very rare for this to be hit {image}
Hi Steve

this is very good way of managing the trades.
thanks for sharing.
"Exchange of hands"
  • #1,279
  • Jun 1, 2021 10:02am Jun 1, 2021 10:02am
Quoting bilal1947
{quote} Hi Steve this is very good way of managing the trades. thanks for sharing.

Hi Bilal;

As you know what goes up has to come down and vice versa

When I see a Trade going against me, like yesterday, I look carefully for "Road Blocks" that might turn Price and then watch for a Switch in Structure M5 M1

Price will Return to Close a GAP or Test a Order Block

This doesn't always happen of course and this is when the Hard Stop can come into Play

The main thing is to Trade at a Level that will allow you to do this
  • #1,280
  • Jun 1, 2021 8:50pm Jun 1, 2021 8:50pm
Quoting stevepatt
{quote} Hi Nick; Yes, Institutions use Whole and Half Numbers for their Pending Long and Short Trades Clients, like Big Corporations, will want to do Business at a certain Price they are prepared to Pay usually a Whole or Half Number Very Big Orders get a Bigger Distribution this is when the .2 and .8 Numbers can come into play I used to put these Levels on my Charts; if you take a look at HTF Charts you will see how often a Large Swing will Originate from one of these Numbers If you look at my earlier Charts you will see them
Thank you Steve!
"The hard work in trading comes in the preparation"
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