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

  • #241
  • Jun 19, 2022 9:09pm Jun 19, 2022 9:09pm
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  • #242
  • Jun 20, 2022 12:22am Jun 20, 2022 12:22am
GBP/USD M5 Short Trade
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  • #243
  • Jun 20, 2022 12:50am Jun 20, 2022 12:50am
Quoting stevepatt
GBP/USD M5 Short Trade {image}
Hi Steve,
There is also a bullish BOS( the red rectangle). Why you prefer Short?
Attached Image (click to enlarge)
Click to Enlarge Name: 20th June 22 M5 Short Trade GBP_USD_20220620_06.18.png Size: 41 KB
  • #244
  • Jun 20, 2022 1:40am Jun 20, 2022 1:40am
Quoting stevepatt
GBP/USD M5 Short Trade {image}
GBP/USD M5 Short Trade Result (-1) Pipish

GBP/USD M5 Short Trade 2
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  • #245
  • Jun 20, 2022 5:26am Jun 20, 2022 5:26am
Today's a holiday in U.S. and market can be choppy as a result. This strategy need a strong momentum/volatility and we cannot know when it comes and goes. I think that's the main reason why day traders fall in 99% failure rate. Also, this is also the biggest reason why day traders love cryto trading. Personally, I believe day trading is a loser's game. You may make some money but for 99.99% of people, they can make more money by working at McDononal's.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #246
  • Jun 20, 2022 8:28am Jun 20, 2022 8:28am
i admit that many daytraders suffered loses. The sad things is most of them cannot maintaining self-discipline when trading. i started being successful trader since Oct'2019 and never fail to withdraw my profit twice per month. please believe me when i say trading psychology is very important; just as important as trading skills.
  • #247
  • Jun 20, 2022 10:49am Jun 20, 2022 10:49am
Quoting stevepatt
{quote} GBP/USD M5 Short Trade Result (-1) Pipish GBP/USD M5 Short Trade 2 {image}
GBP/USD M5 Short Trade 2 result BE

GBP/USD M5 Short Trade 3

In the middle of cooking so late posting
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  • #248
  • Jun 20, 2022 10:53am Jun 20, 2022 10:53am
Quoting KevinZeng
{quote} Hi Steve, There is also a bullish BOS( the red rectangle). Why you prefer Short? {image}
Hi Kevin,

Structure at the time I took the Trade was Bearish
  • #249
  • Jun 20, 2022 11:15am Jun 20, 2022 11:15am
Quoting heispark
Today's a holiday in U.S. and market can be choppy as a result. This strategy need a strong momentum/volatility and we cannot know when it comes and goes. I think that's the main reason why day traders fall in 99% failure rate. Also, this is also the biggest reason why day traders love cryto trading. Personally, I believe day trading is a loser's game. You may make some money but for 99.99% of people, they can make more money by working at McDononal's.
Hi Heispark,

Which Chart would you rather Trade?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 20th June 22 Observations GBP_USD Mini_20220620_17.09.png Size: 23 KB
  • #250
  • Jun 20, 2022 12:34pm Jun 20, 2022 12:34pm
Quoting heispark
Today's a holiday in U.S. and market can be choppy as a result. This strategy need a strong momentum/volatility and we cannot know when it comes and goes. I think that's the main reason why day traders fall in 99% failure rate. Also, this is also the biggest reason why day traders love cryto trading. Personally, I believe day trading is a loser's game. You may make some money but for 99.99% of people, they can make more money by working at McDononal's.
Since this thread is about day trading perhaps you could start your own thread so that we could pop over to gain some insight into your market wisdom and trading style ?
every Saint has a past. Every Sinner has a Future
  • #251
  • Jun 20, 2022 6:13pm Jun 20, 2022 6:13pm
Quoting stevepatt
{quote} Hi Heispark, Which Chart would you rather Trade? {image} {image}
I guess one is GU and the other one is crypto. They look similar but I guess crypto's ADR is bigger? (I don't really know about crypto)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #252
  • Jun 20, 2022 6:15pm Jun 20, 2022 6:15pm
Quoting turnip15
{quote} Since this thread is about day trading perhaps you could start your own thread so that we could pop over to gain some insight into your market wisdom and trading style ?
I already have one. I trade nat gas futures calendar spread almost exclusively nowaday.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #253
  • Jun 20, 2022 6:59pm Jun 20, 2022 6:59pm
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  • #254
  • Jun 20, 2022 7:29pm Jun 20, 2022 7:29pm
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Done 15pips
  • #255
  • Jun 20, 2022 9:35pm Jun 20, 2022 9:35pm
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Under observation.
  • #256
  • Jun 21, 2022 12:49am Jun 21, 2022 12:49am
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  • #257
  • Jun 21, 2022 12:57am Jun 21, 2022 12:57am
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  • #258
  • Jun 21, 2022 12:57am Jun 21, 2022 12:57am
Quoting heispark
{quote} I guess one is GU and the other one is crypto. They look similar but I guess crypto's ADR is bigger? (I don't really know about crypto)
Hi Heispark,

They are both GBP/USD the top one is H4 the bottom one is M1

Price is "Fractal" so I am Trading the same setups on M5 as people Trading H4 I just Trade on a Smaller Scale
  • #259
  • Jun 21, 2022 2:09am Jun 21, 2022 2:09am
Quoting senjamerah
{image}
Then why don't you fade the move? Your exit target will be near the zones. It looks Aussi does do that.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #260
  • Jun 21, 2022 2:32am Jun 21, 2022 2:32am
Quoting heispark
{quote} Then why don't you fade the move? Your exit target will be near the zones. It looks Aussi does do that.....
it looks simple but not easy for me to determine SL.. i would not entry if i cannot define SL properly. i always think about SL before taking any trade, TP will come later.
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