GBP/USD M5 Trading | Forex Factory

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GBP/USD M5 Trading

  • #1
  • First Post: Edited Oct 10, 2022 9:19am May 2, 2022 7:49am | Edited Oct 10, 2022 9:19am
Starting a new Journal to chronicle some ideas inspired by Chris Lori

I'm going to Trade using the M5 Time Frame looking at Price Structure and utilizing Efficient and Inefficient Price movement on the GBP/USD

Edit: I have switched to the M1 Time Frame starting at this Post 356

EDIT:2 I have switched to AUD/USD M1 Time Frame because of the uncertainty with the Pound since Truss became PM Post 717
Attached Image (click to enlarge)
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  • #2
  • May 2, 2022 8:20am May 2, 2022 8:20am
I like your charts and analysis, can't wait to exchange ideas with you.

All the best on your new thread, Stevepatt
+256
Face 'ur fears & tame 'ur greed
  • #3
  • May 2, 2022 8:56am May 2, 2022 8:56am
Quoting stevepatt
Starting a new Journal to chronicle some ideas inspired by Chris Lori I'm going to Trade using the M5 Time Frame looking at Price Structure and utilizing Efficient and Inefficient Price movement on the GBP/USD {image}
Hi Stevepatt,

Excellent hope you manage well and all the best.

Take care

Helee
  • #4
  • May 2, 2022 9:48am May 2, 2022 9:48am
Quoting stevepatt
Starting a new Journal to chronicle some ideas inspired by Chris Lori I'm going to Trade using the M5 Time Frame looking at Price Structure and utilizing Efficient and Inefficient Price movement on the GBP/USD {image}
Observations
Attached Image (click to enlarge)
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  • #5
  • May 2, 2022 10:27am May 2, 2022 10:27am
Nice, subscribed I love your way of trading,

You are just going to focus on the 5 min chart? asking because you always do top downanalysis

good luck with your new thread

kind regards
  • #6
  • May 2, 2022 1:36pm May 2, 2022 1:36pm
Great stuff Steve. Will follow with interest.
every Saint has a past. Every Sinner has a Future
  • #7
  • May 2, 2022 1:59pm May 2, 2022 1:59pm
Quoting Frag8383
Nice, subscribed I love your way of trading, You are just going to focus on the 5 min chart? asking because you always do top downanalysis good luck with your new thread kind regards
Yes, I'm trying to simplify the method I Trade by focusing on the one Time Frame.

We'll see how it goes
  • #8
  • May 2, 2022 2:29pm May 2, 2022 2:29pm
Quoting stevepatt
{quote} Observations {image}
Observations
Attached Image (click to enlarge)
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  • #9
  • May 3, 2022 12:39am May 3, 2022 12:39am
Quoting stevepatt
{quote} Observations {image}

Observations
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  • #10
  • May 3, 2022 1:15am May 3, 2022 1:15am
Quoting stevepatt
{quote} Observations {image}

Short Trade
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  • #11
  • May 3, 2022 10:33am May 3, 2022 10:33am
Quoting stevepatt
{quote} Short Trade {image}

Short Trade Result

BE Plus a few

Should you wait or should you go that is the question

2nd Short Trade
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  • #12
  • May 3, 2022 10:42am May 3, 2022 10:42am
Quoting stevepatt
{quote} Short Trade Result BE Plus a few Should you wait or should you go that is the question 2nd Short Trade {image}

M5 Observations
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  • #13
  • May 3, 2022 11:42am May 3, 2022 11:42am
Quoting stevepatt
{quote} Short Trade Result BE Plus a few Should you wait or should you go that is the question 2nd Short Trade {image}
2nd Short Trade Result +25 Pips
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  • #14
  • May 4, 2022 1:28am May 4, 2022 1:28am
I don't know how you trade.
Please excuse the bad English via Google Translate.
  • #15
  • May 4, 2022 10:58am May 4, 2022 10:58am
Quoting dokopy
I don't know how you trade.
Hi Dokopy,

Watch the free videos available from Chris Lori.

Inserted Video
  • #16
  • May 4, 2022 11:04am May 4, 2022 11:04am
M5 Short Trade
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  • #17
  • May 4, 2022 11:45am May 4, 2022 11:45am
Quoting stevepatt
M5 Short Trade {image}
M5 Observations
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  • #18
  • May 4, 2022 11:51am May 4, 2022 11:51am
Quoting stevepatt
M5 Short Trade {image}
Are you looking for Chris's "Fair Value" area here?
If so, where do you see it?
Is it the pink and grey eclipses on your later post perhaps?
Thanks Steve.
every Saint has a past. Every Sinner has a Future
  • #19
  • May 4, 2022 12:54pm May 4, 2022 12:54pm
Quoting turnip15
{quote} Are you looking for Chris's "Fair Value" area here? If so, where do you see it? Is it the pink and grey eclipses on your later post perhaps? Thanks Steve.
Hi Turnip,

No, not really the Pink and Grey areas, I have highlighted, are Levels I find Interesting

It's Levels where I see Price "Pop", it's usually from a Three Bar Fractal (M5), and then return to "Fill the Gap"

It's Inspired from a Chris Lori Video I watched where he was highlighting how Price will return to "Fill a Gap" after a New High or Low has Formed

Efficient and Inefficient Price moves

It's Basically that and Market Structure

Ho yea, it doesn't always work out for me Long Trade i'm in doesn't look good
Attached Image (click to enlarge)
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  • #20
  • May 5, 2022 1:06am May 5, 2022 1:06am
Quoting stevepatt
{quote} Hi Turnip, No, not really the Pink and Grey areas, I have highlighted, are Levels I find Interesting It's Levels where I see Price "Pop", it's usually from a Three Bar Fractal (M5), and then return to "Fill the Gap" It's Inspired from a Chris Lori Video I watched where he was highlighting how Price will return to "Fill a Gap" after a New High or Low has Formed Efficient and Inefficient Price moves It's Basically that and Market Structure Ho yea, it doesn't always work out for me Long Trade i'm in doesn't look good {image}
I was so busy Posting I missed the FOMC

Of course in Hindsight we can see how the FOMC was used to "Manipulate Price"
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