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GBP/USD M5 Trading

  • #161
  • Jun 7, 2022 10:40am Jun 7, 2022 10:40am
Quoting stevepatt
GBP/USD M5 Short Trade {image}
GBP/USD M5 Short Trade Result (-12) Pips

In Hindsight it's easy to say it was obvious Price was headed Higher

You have just got to keep playing the Percentages
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th June 22 M5 Observations GBPUSD_2022-06-07_16-16-49_dc593.png Size: 45 KB
Click to Enlarge Name: 7th June 22 M5 Observations GBPUSD_2022-06-07_16-26-51_ceeb3.png Size: 33 KB
  • #162
  • Jun 7, 2022 11:22am Jun 7, 2022 11:22am
Quoting stevepatt
{quote} GBP/USD M5 Short Trade Result (-12) Pips In Hindsight it's easy to say it was obvious Price was headed Higher You have just got to keep playing the Percentages {image} {image}
Love the way price returns to bounce off a level previously drawn to its' left.
every Saint has a past. Every Sinner has a Future
  • #163
  • Jun 7, 2022 1:38pm Jun 7, 2022 1:38pm
Quoting turnip15
{quote} Love the way price returns to bounce off a level previously drawn to its' left.
Hi Turnip,

Yes, this happens all the time.

As soon as Price starts to struggle to make New Highs or Lows I highlight the Zone and watch how Price Reacts around that Zone

As you know there are a 101 ways of looking at Price movement it's just a matter of finding what works consistently

My problem is not enough time to dedicate to Trading because of work commitments but it's all good practice...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th June 22 M5 Observations GBPUSD_2022-06-07_19-06-07_970e9.png Size: 52 KB
Click to Enlarge Name: 7th June 22 M5 Observations GBPUSD_2022-06-07_19-31-35_85685.png Size: 36 KB
  • #164
  • Jun 7, 2022 8:06pm Jun 7, 2022 8:06pm
Attached Image (click to enlarge)
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  • #165
  • Jun 7, 2022 9:00pm Jun 7, 2022 9:00pm
Quoting senjamerah
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #166
  • Jun 7, 2022 10:20pm Jun 7, 2022 10:20pm
Quoting senjamerah
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
  • #167
  • Jun 7, 2022 10:49pm Jun 7, 2022 10:49pm
Quoting senjamerah
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
victory.....grab half profit and let run with trail SL
  • #168
  • Jun 8, 2022 12:43am Jun 8, 2022 12:43am
GBP/USD M5 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 22 M5 Long Trade GBPUSD_2022-06-08_06-40-30_12860.png Size: 39 KB
  • #169
  • Jun 8, 2022 1:04am Jun 8, 2022 1:04am
Quoting stevepatt
GBP/USD M5 Long Trade {image}
amazing analysis and skill
  • #170
  • Jun 8, 2022 1:14am Jun 8, 2022 1:14am
Quoting senjamerah
{quote} {image} victory.....grab half profit and let run with trail SL
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB

another +15pips collected....
  • #171
  • Jun 8, 2022 1:16am Jun 8, 2022 1:16am
Quoting stevepatt
GBP/USD M5 Long Trade {image}
well done!!
  • #172
  • Jun 8, 2022 1:20am Jun 8, 2022 1:20am
Quoting stevepatt
GBP/USD M5 Long Trade {image}
GBP/USD M5 Long Trade Result +3 Pips

The Tails are the reason for me Exiting this Trade

I'm not going to be around but would be watching the Red Triangle for possible further Selling
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 22 M5 Long Trade Result GBPUSD_2022-06-08_07-13-40_3e637.png Size: 39 KB
  • #173
  • Jun 8, 2022 1:44am Jun 8, 2022 1:44am
Quoting stevepatt
{quote} GBP/USD M5 Long Trade Result +3 Pips The Tails are the reason for me Exiting this Trade I'm not going to be around but would be watching the Red Triangle for possible further Selling {image}
GBP/USD M5 Observations

You have to Constantly Monitor Price
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 22 M5 Observations GBPUSD_2022-06-08_07-39-01_04dac.png Size: 42 KB
  • #174
  • Jun 8, 2022 1:51am Jun 8, 2022 1:51am
Quoting senjamerah
{quote} {image} another +15pips collected....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #175
  • Jun 8, 2022 1:59am Jun 8, 2022 1:59am
Quoting stevepatt
{quote} GBP/USD M5 Observations You have to Constantly Monitor Price {image}
That long upper wicks are really annoying
  • #176
  • Jun 8, 2022 3:27am Jun 8, 2022 3:27am
Quoting senjamerah
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
  • #177
  • Jun 8, 2022 9:54am Jun 8, 2022 9:54am
Quoting stevepatt
{quote} GBP/USD M5 Observations You have to Constantly Monitor Price {image}
GBP/USD M5 Short Trade

You can see from earlier, in the end, Price Fell

The important thing is to follow Price and not your Predictions
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 22 M5 Short Trade GBPUSD_2022-06-08_15-38-43_280de.png Size: 45 KB
  • #178
  • Jun 8, 2022 10:02am Jun 8, 2022 10:02am
Quoting senjamerah
{quote} {image}
Hi Senjamerah,

Yes, Wicks can be a Pain in the Arse

I like the way you Read Price very similar to mine

I used to think everyone to could see Price this way but it is obviously not the case

A lot of people struggle with this approach this is why it's so important for everyone to find their niche

Timing Entries into Trades is the most vital element and the one I find most difficult
  • #179
  • Jun 8, 2022 11:10am Jun 8, 2022 11:10am
Quoting stevepatt
{quote} GBP/USD M5 Short Trade You can see from earlier, in the end, Price Fell The important thing is to follow Price and not your Predictions {image}
I exited the Short Trade for (-8) Pips

Now Flipped to Long
Attached Image (click to enlarge)
Click to Enlarge Name: 8th June 22 M5 Long Trade GBPUSD_2022-06-08_16-59-58_b4c79.png Size: 43 KB
  • #180
  • Edited Jun 9, 2022 1:16am Jun 8, 2022 12:48pm | Edited Jun 9, 2022 1:16am
Quoting stevepatt
{quote} GBP/USD M5 Short Trade You can see from earlier, in the end, Price Fell The important thing is to follow Price and not your Predictions {image}
IMHO, following candle shapes or patterns is also a 'prediction'. In this case, entry is usually late because you need a confirmation and you are prone to be trapped. I think modern market doesn't work in this way. If it does, anyone can make money. How about following 'impulse' instead? Quick in and out needed to survive in modern day trading....
The closest person who I guess is a profitable trader is RealJumper, although it seems he's also struggling recently. See how he traded following 'impulse'.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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