Attachments: GBP/USD M5 Trading

GBP/USD M5 Trading

#101
May 25, 2022 2:31pm May 25, 2022 2:31pm

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,348 Posts

Quoting senjamerah

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{image}fail to break structure to create higher high : sell

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Hi Senjamerah,

Beginners luck I guess but, so far, I love how Gold moves

Clean and Precise

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#102
Edited 8:41pm May 25, 2022 8:29pm | Edited 8:41pm

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

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that is the way i see....hope it will help.......i hv trained myself to not thinking too much and free my mind when i start look at the chart.
*strong momentum candle : candle with 12 to 20 pips range of open/close

#103
May 25, 2022 9:08pm May 25, 2022 9:08pm

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

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livetrade...it fallin...

#104
May 25, 2022 10:42pm May 25, 2022 10:42pm

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

Quoting senjamerah

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{image}livetrade...it fallin...

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i always try to make it simple n clear

#105
May 26, 2022 12:17am May 26, 2022 12:17am

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

Quoting senjamerah

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{quote} {image}i always try to make it simple n clear

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after

#106
May 26, 2022 1:34am May 26, 2022 1:34am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,348 Posts

Quoting senjamerah

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{quote} {image}after

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Hi Senjamerah,

Thanks for your contribution

I'm watching Price at the moment looks like a Switch in Structure in taking place.....

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#107
May 26, 2022 2:02am May 26, 2022 2:02am

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

Quoting stevepatt

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{quote} Hi Senjamerah, Thanks for your contribution I'm watching Price at the moment looks like a Switch in Structure in taking place..... {image}

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#108
May 26, 2022 6:33am May 26, 2022 6:33am

Frag8383
Joined Oct 2018 | Status: Trader | 508 Posts | Online Now

Hi guys,

Thanks to senjamerah and stevepatt, very simple and clear chart.

You guys basically trade BOS and return to the origin, or the classical break retest, of so far so good,

My question is on the break retest, what conditions you use for the retest, I know that you guys look for big rejections a big wick or a engulfing and so on but what I mean is once the price is retesting.

For example on the attached chart, you can see a big pullback then it breaks, I use the whole candle, many people use the wicks or the body whatever.
The question on the retest is if you allow it to trade below the zone ? if so by how much or basically what are your conditions and if you have a systematic way to look at it.
On the chart that I posted, you can see that the retest went below the area, is easy to say that you would have taken the trade because of the massive trade that took place after but live how would have considered the retest since it went below the area and so on

Thanks
Kind regards

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#109
May 26, 2022 7:14am May 26, 2022 7:14am

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

Hi Frag,
honestly i'm not good on explaining the way i trade even i really clear on what i'm doing n i do the same thing everyday...i just use m5 tf and never turn down to m1..maybe steve can help u

#110
May 26, 2022 10:31am May 26, 2022 10:31am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,348 Posts

Quoting Frag8383

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Hi guys, Thanks to senjamerah and stevepatt, very simple and clear chart. You guys basically trade BOS and return to the origin, or the classical break retest, of so far so good, My question is on the break retest, what conditions you use for the retest, I know that you guys look for big rejections a big wick or a engulfing and so on but what I mean is once the price is retesting. For example on the attached chart, you can see a big pullback then it breaks, I use the whole candle, many people use the wicks or the body whatever. The question on the...

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Hi Frag,

It's all about the Rejection from Structure

A lot of it comes down to Screen Time spent watching a particular pair and getting to know how it moves

At the end of the day all we are doing is taking Trades where we have discovered an Edge that, in the long term, will give us a Profit

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#111
May 26, 2022 11:54am May 26, 2022 11:54am

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

Even it looks simple, it is not easy to master the skills. To become profecient with this technique, there must be a high degree of patience. open the m5 chart and just look how the price move up and down creating a structure, the way it breakthrough, n return to structure...do this over n over.

i only use candlestick chart on gold, tf m5...no indis, trendline,fibo, etc...

#112
May 26, 2022 12:11pm May 26, 2022 12:11pm

elcurioso
| Joined Oct 2011 | Status: Trader | 385 Posts

I find very interesting the work that you carry out in this thread. I visit you whenever I can, but in the last posts I see that you have left out the currency pair GBPUSD, to which this thread owes its name. It seems fine to me, there is no reason to eat the same thing every day :-). Good luck and thanks for your posts!

Adaptarse es la clave

#113
May 26, 2022 12:41pm May 26, 2022 12:41pm

senjamerah
Joined Nov 2014 | Status: Trader | 2,439 Posts

i just realize that was something wrong here..

i may have strayed from the actual topics!...( it is GU thread, not gold!)...sorry steve..

#114
May 26, 2022 1:05pm May 26, 2022 1:05pm

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,348 Posts

Quoting senjamerah

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i just realize that was something wrong here.. i may have strayed from the actual topics!...( it is GU thread, not gold!)...sorry steve..

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