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GBP/USD M5 Trading

  • #461
  • Jul 22, 2022 1:06am Jul 22, 2022 1:06am
Quoting stevepatt
GBP/USD M1 Short Trade {image}
GBP/USD M1 Short Trade Result BE

Price Failed to make "New Lows" got out at BE
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd July 22 M1 Short Trade Result GBP_USD_20220722_06.37.png Size: 51 KB
  • #462
  • Jul 22, 2022 2:16am Jul 22, 2022 2:16am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
this AB=CD looks nice..

Quoting senjamerah
{image}this AB=CD looks nice..
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
  • #463
  • Jul 22, 2022 2:34am Jul 22, 2022 2:34am
Quoting senjamerah
{image}this AB=CD looks nice.. {quote} {image}
SL hit -11pips
  • #464
  • Jul 22, 2022 2:49am Jul 22, 2022 2:49am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #465
  • Jul 22, 2022 8:16am Jul 22, 2022 8:16am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220722-210921_1.png Size: 244 KB
hi Steve, any comment? pls give your opinion base on your m1 trading strategy...
  • #466
  • Jul 22, 2022 8:39am Jul 22, 2022 8:39am
Quoting senjamerah
{image}hi Steve, any comment? pls give your opinion base on your m1 trading strategy...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220722-213705_1.png Size: 278 KB
  • #467
  • Jul 22, 2022 8:54am Jul 22, 2022 8:54am
Quoting senjamerah
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220722-215158_1.png Size: 272 KB
i'm just lucky this time
  • #468
  • Jul 22, 2022 1:53pm Jul 22, 2022 1:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220723-024951.png Size: 36 KB
  • #469
  • Jul 22, 2022 1:54pm Jul 22, 2022 1:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220723-023533.png Size: 36 KB
  • #470
  • Jul 22, 2022 1:59pm Jul 22, 2022 1:59pm
Quoting senjamerah
{image}hi Steve, any comment? pls give your opinion base on your m1 trading strategy...

Hi Senjamerah,

I find using the MAs helps me to see what is happening on the Higher Time Frames (M15 M30 H1 H2 H4)

When they are all in Alignment it makes for a Strong Trade on M1

Basic Structure and Trend Lines also helps to get me on the "Right Side of Price"

I think Trading M1 I would have got into a Long Trade slightly later than you

If there is anything else I can help with just let me know
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd July 22 M1 Observations GBP_USD Mini_20220722_19.23.png Size: 71 KB
  • #471
  • Jul 22, 2022 2:04pm Jul 22, 2022 2:04pm
when i look at the chart and watch the price moving up n down; it looks like a rythm or an impulse...or maybe something going wrong with my sight
  • #472
  • Jul 22, 2022 2:18pm Jul 22, 2022 2:18pm
Quoting stevepatt
{quote} Hi Senjamerah, I find using the MAs helps me to see what is happening on the Higher Time Frames (M15 M30 H1 H2 H4) When they are all in Alignment it makes for a Strong Trade on M1 Basic Structure and Trend Lines also helps to get me on the "Right Side of Price" I think Trading M1 I would have got into a Long Trade slightly later than you If there is anything else I can help with just let me know {image}
Hi Steve, i like the way u think and take a trade, very systematic...i'll give it a try during this weekend..Thank you
  • #473
  • Jul 23, 2022 2:47am Jul 23, 2022 2:47am
Quoting senjamerah
{quote} Hi Steve, i like the way u think and take a trade, very systematic...i'll give it a try during this weekend..Thank you

Hi Senjamerah,

At the end of every week I re-run the week on a simulator

This allows me to Trade the parts of the day which I miss because of work

The results I am getting are very promising

It is certainly the best 1 MIN Method I have used

By doing this you get a good "Feeling for Price" and how it moves
  • #474
  • Jul 23, 2022 3:40am Jul 23, 2022 3:40am
Quoting stevepatt
{quote} Hi Senjamerah, At the end of every week I re-run the week on a simulator This allows me to Trade the parts of the day which I miss because of work The results I am getting are very promising It is certainly the best 1 MIN Method I have used By doing this you get a good "Feeling for Price" and how it moves
GBP/USD M1 Observations

Price Transitions from Short to Long
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd July 22 GBPUSD M1 Example 0f Trades.png Size: 68 KB
  • #475
  • Jul 23, 2022 4:17am Jul 23, 2022 4:17am
Quoting stevepatt
{quote} Hi Senjamerah, I find using the MAs helps me to see what is happening on the Higher Time Frames (M15 M30 H1 H2 H4) When they are all in Alignment it makes for a Strong Trade on M1 Basic Structure and Trend Lines also helps to get me on the "Right Side of Price" I think Trading M1 I would have got into a Long Trade slightly later than you If there is anything else I can help with just let me know {image}
I like it. You point me to posts from crucialpoint.
I have seen he simplified it wit the mark of the open levels. If I right interpret we can draw in M1 the daily open, H4 open, H1 open, M15 open and see if we in direction. Have you test this before?
Perfection is the enemy of good enough!
  • #476
  • Jul 23, 2022 5:43am Jul 23, 2022 5:43am
Quoting MichaelSch
{quote} I like it. You point me to posts from crucialpoint. I have seen he simplified it wit the mark of the open levels. If I right interpret we can draw in M1 the daily open, H4 open, H1 open, M15 open and see if we in direction. Have you test this before?
Hi Michael,

Yes, I have looked at it I have added the H4 and H1 Opens to a few of my Charts

I find the MAs give me a clearer picture of what is happening
  • #477
  • Jul 23, 2022 7:23am Jul 23, 2022 7:23am
Quoting stevepatt
{quote} GBP/USD M1 Observations Price Transitions from Short to Long {image}
GBP/USD Observations 2

It doesn't always go to plan

After three winners in a row +1.5% would you continue to Trade??

Is it worth reducing my Stop to +10 Pips for a 1:1 Risk Reward??

The Chart below is the 14th July 2022
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd July 22 GBPUSD M1 Trade Examples.png Size: 94 KB
  • #478
  • Jul 23, 2022 7:53am Jul 23, 2022 7:53am
Quoting stevepatt
{quote} GBP/USD Observations 2 It doesn't always go to plan After three winners in a row +1.5% would you continue to Trade?? Is it worth reducing my Stop to +10 Pips for a 1:1 Risk Reward?? The Chart below is the 14th July 2022 {image}
GBP/USD Observations 3

Ran the rest of the day with a +10 Pip Stop Loss and a +10 Pip Target so a 1:1 Risk:Reward
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd July 22 GBPUSD M1 Trade Examples 3 .png Size: 92 KB
  • #479
  • Jul 23, 2022 8:23am Jul 23, 2022 8:23am
Quoting stevepatt
{quote} GBP/USD Observations 3 Ran the rest of the day with a +10 Pip Stop Loss and a +10 Pip Target so a 1:1 Risk:Reward {image}
GBP/USD Observations 4

There will be LOSING DAYS

When a Day starts we don't know what sort of Day it is going to be

Some Days are going to be choppy like this one
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd July 22 GBPUSD M1 Trade Examples 4.png Size: 102 KB
  • #480
  • Jul 24, 2022 3:44am Jul 24, 2022 3:44am
Hi Steve, i had put MA's to my chart but quite struggle to find good setup....somehow its not suit with me.
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