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Attachments: GBP/USD M5 Trading
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GBP/USD M5 Trading

  • #21
  • May 5, 2022 1:06am May 5, 2022 1:06am
Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 22 M5 Observations GBP_USD_20220505_06.48.png Size: 30 KB
  • #22
  • May 5, 2022 9:42am May 5, 2022 9:42am
Quoting stevepatt
Observations {image}
M5 Observations

Price Returned to test Origins of Inefficient Price Run

Pick a Level and Observe how Price Reacts when/if it returns to Test it
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 22 M5 Observations GBP_USD_20220505_15.29.png Size: 33 KB
  • #23
  • May 5, 2022 10:53am May 5, 2022 10:53am
Quoting stevepatt
{quote} M5 Observations Price Returned to test Origins of Inefficient Price Run Pick a Level and Observe how Price Reacts when/if it returns to Test it {image}
M5 Short Trade

Price continued to Fall so I Sell...
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 22 M5 Short Trade GBP_USD_20220505_16.43.png Size: 24 KB
  • #24
  • May 5, 2022 12:08pm May 5, 2022 12:08pm
Quoting stevepatt
{quote} M5 Short Trade Price continued to Fall so I Sell... {image}
M5 Short Trade Result +25 Pips

M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 22 M5 Short Trade Result GBP_USD_20220505_18.05.png Size: 19 KB
  • #25
  • May 5, 2022 12:36pm May 5, 2022 12:36pm
Quoting stevepatt
{quote} M5 Short Trade Result +25 Pips M5 Observations {image}
M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 5th May 22 M5 Long Trade GBP_USD_20220505_18.29.png Size: 32 KB
  • #26
  • May 6, 2022 12:41am May 6, 2022 12:41am
Quoting stevepatt
{quote} M5 Long Trade {image}
Exited Long Trade before Daily Close +25 Pips

It's important to set realistic TP Levels depending on Time of Day and Average Swing Lengths

M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 6th May 22 M5 Long Trade Result (Short Trade) GBP_USD_20220506_06.10.png Size: 47 KB
  • #27
  • May 6, 2022 1:30am May 6, 2022 1:30am
Quoting stevepatt
{quote} Exited Long Trade before Daily Close +25 Pips It's important to set realistic TP Levels depending on Time of Day and Average Swing Lengths M5 Short Trade {image}
M5 Observations

As Price makes New Lows it "Bleeds Back" to Fill the Gap
Attached Image (click to enlarge)
Click to Enlarge Name: 6th May 22 M5 Observations GBP_USD_20220506_07.22.png Size: 36 KB
  • #28
  • May 6, 2022 9:06am May 6, 2022 9:06am
Quoting stevepatt
{quote} Exited Long Trade before Daily Close +25 Pips It's important to set realistic TP Levels depending on Time of Day and Average Swing Lengths M5 Short Trade {image}
M5 Short Trade Result +25 Pips

2nd M5 Short trade

As I post this I am watching the nearest Swing High for a possible Switch in Structure (Bearish to Bullish M5)
Attached Image (click to enlarge)
Click to Enlarge Name: 6th May 22 M5 Short Trade Result (2nd Short Trade) GBP_USD_20220506_14.54.png Size: 34 KB
  • #29
  • May 6, 2022 10:08am May 6, 2022 10:08am
Quoting stevepatt
{quote} M5 Short Trade Result +25 Pips 2nd M5 Short trade As I post this I am watching the nearest Swing High for a possible Switch in Structure (Bearish to Bullish M5) {image}
2ND M5 Short Trade Result (-22) Pips

M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 6th May 22 M5 Short Trade Result (Long Trade) GBP_USD_20220506_15.57.png Size: 36 KB
  • #30
  • May 6, 2022 11:30am May 6, 2022 11:30am
Quoting stevepatt
{quote} 2ND M5 Short Trade Result (-22) Pips M5 Long Trade {image}
M5 Long Trade Result +30 Pips

M5 Short Trade 3
Attached Image (click to enlarge)
Click to Enlarge Name: 6th May 22 M5 Long Trade Result (Short Trade 3) GBP_USD_20220506_17.19.png Size: 37 KB
  • #31
  • May 7, 2022 1:10am May 7, 2022 1:10am
To Trade GBP/USD using just the M5 Time Frame you need to answer two questions.

Does the M5 Time Frame provide enough Information to make a Profit?

Does Price make big enough Price moves, between BoS Points, to make a Profit?

If you can answer YES to these two questions then you can Trade GBP/USD using just the M5 Time Frame without the need to reference the Higher Time Frames

Take a look at the Chart below then go and check out any random M5 Chart (GBP/USD), you want, and see if you can answer the questions
Attached Image (click to enlarge)
Click to Enlarge Name: 7th May 22 M5 Observations GBP_USD Mini_20220507_06.34.png Size: 49 KB
  • #32
  • May 7, 2022 3:44am May 7, 2022 3:44am
Quoting stevepatt
{quote} M5 Long Trade Result +30 Pips M5 Short Trade 3 {image}
M5 Short Trade 3 Result +25 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 7th May 22 M5 Observations GBP_USD_20220507_09.30.png Size: 38 KB
  • #33
  • May 9, 2022 12:36am May 9, 2022 12:36am
M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 9th May 22 M5 Observations GBP_USD Mini_20220509_06.30.png Size: 24 KB
  • #34
  • May 9, 2022 7:53am May 9, 2022 7:53am
Quoting stevepatt
M5 Observations {image}
M5 Observations

Took a Short Tarde early on out at BE
Attached Image (click to enlarge)
Click to Enlarge Name: 9th May 22 M5 Observations GBP_USD_20220509_13.45.png Size: 37 KB
  • #35
  • May 9, 2022 10:19am May 9, 2022 10:19am
Quoting stevepatt
{quote} M5 Observations Took a Short Tarde early on out at BE {image}
M5 Short Trade 2

There was nothing at the Swing High for me to Enter from I rely on a Pullback to Test the Break Out Level and there was none.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th May 22 M5 Short Trade 2 GBP_USD_20220509_16.15.png Size: 36 KB
  • #36
  • May 9, 2022 2:44pm May 9, 2022 2:44pm
Quoting stevepatt
{quote} M5 Short Trade 2 There was nothing at the Swing High for me to Enter from I rely on a Pullback to Test the Break Out Level and there was none. {image}
M5 Short Trade 2 Result (-14) Pips

I was distracted after taking this Trade and was not able to Monitor it

M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 9th may 22 Short 2 Trade Result (Long Trade) GBP_USD_20220509_20.33.png Size: 44 KB
  • #37
  • May 10, 2022 12:55am May 10, 2022 12:55am
Quoting stevepatt
{quote} M5 Short Trade 2 Result (-14) Pips I was distracted after taking this Trade and was not able to Monitor it M5 Long Trade {image}
M5 Long Trade Result (-14) Pips
  • #38
  • May 10, 2022 12:59am May 10, 2022 12:59am
M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 10th May 22 M5 Observations GBP_USD_20220510_06.57.png Size: 24 KB
  • #39
  • May 10, 2022 1:19am May 10, 2022 1:19am
M5 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 10th May 22 Short Trade GBP_USD_20220510_07.14.png Size: 28 KB
  • #40
  • May 10, 2022 9:12am May 10, 2022 9:12am
Quoting stevepatt
M5 Short Trade {image}
M5 Short Trade Result +25 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 10th May 22 M5 Short Trade Result GBP_USD_20220510_15.07.png Size: 32 KB
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