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GBP/USD M5 Trading

  • #721
  • Oct 10, 2022 9:28am Oct 10, 2022 9:28am
Quoting stevepatt
AUD/USD M1 Short Trade {image}
AUD/USD M1 Observations

Watching for a Break of Structure (Bullish)
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 22 M1 Observations AUD_USD_20221010_15.24.png Size: 63 KB
  • #722
  • Oct 10, 2022 9:55am Oct 10, 2022 9:55am
Quoting stevepatt
{quote} AUD/USD M1 Observations Watching for a Break of Structure (Bullish) {image}
AUD/USD M1 Short Trade Result (-10) Pips (-1%)

I could see something was going on, should have got out but didn't

AUD/USD M1 Short Trade 2

Price has "Spiked Up" to Trigger any remaining Sell Orders at 0.63200

Not my best Entry but we will see....
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 22 M1 Short Trade 2 AUD_USD_20221010_15.47.png Size: 58 KB
  • #723
  • Oct 10, 2022 10:11am Oct 10, 2022 10:11am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result (-10) Pips (-1%) I could see something was going on, should have got out but didn't AUD/USD M1 Short Trade 2 Price has "Spiked Up" to Trigger any remaining Sell Orders at 0.63200 Not my best Entry but we will see.... {image}
AUD/USD M1 Short Trade 2 Result +20 Pips +2%
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 22 M1 Short Trade 2 Result AUD_USD_20221010_16.05.png Size: 55 KB
  • #724
  • Oct 10, 2022 12:34pm Oct 10, 2022 12:34pm
Quoting stevepatt
{quote} AUD/USD M1 Short Trade 2 Result +20 Pips +2% {image}
AUD/USD M1 Observations 2
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 22 M1 Observations 2 AUD_USD_20221010_18.30.png Size: 51 KB
  • #725
  • Oct 12, 2022 1:28am Oct 12, 2022 1:28am
AUD/USD M1 Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Long Trade AUD_USD_20221012_07.16.png Size: 59 KB
  • #726
  • Oct 12, 2022 1:46am Oct 12, 2022 1:46am
Quoting stevepatt
AUD/USD M1 Long Trade {image}
AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Observations AUD_USD_20221012_07.43.png Size: 48 KB
  • #727
  • Oct 12, 2022 5:46am Oct 12, 2022 5:46am
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
AUD/USD M1 Long Trade Result BE+

AUD/USD M1 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Long Trade Result AUD_USD_20221012_11.29.png Size: 67 KB
Click to Enlarge Name: 12th Oct 22 M1 Short Trade AUD_USD_20221012_11.42.png Size: 57 KB
  • #728
  • Oct 12, 2022 5:56am Oct 12, 2022 5:56am
Quoting stevepatt
{quote} AUD/USD M1 Long Trade Result BE+ AUD/USD M1 Short Trade {image} {image}

AUD/USD M1 Observations 2
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Observations 2 AUD_USD_20221012_11.48.png Size: 66 KB
  • #729
  • Oct 12, 2022 9:12am Oct 12, 2022 9:12am
Quoting stevepatt
{quote} AUD/USD M1 Long Trade Result BE+ AUD/USD M1 Short Trade {image} {image}
AUD/USD M1 Short Trade Result +20 Pips +2%

AUD/USD M1 Long Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Long Trade 2 AUD_USD_20221012_15.04.png Size: 52 KB
  • #730
  • Oct 12, 2022 9:37am Oct 12, 2022 9:37am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result +20 Pips +2% AUD/USD M1 Long Trade 2 {image}
AUD/USD M1 Observations

Still in this Long Trade....
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Observations 3 AUD_USD_20221012_15.33.png Size: 49 KB
  • #731
  • Oct 12, 2022 10:48am Oct 12, 2022 10:48am
Quoting stevepatt
{quote} AUD/USD M1 Observations Still in this Long Trade.... {image}
AUD/USD M1 Observations

Moved Stop to BE+
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Observations 4 AUD_USD_20221012_16.42.png Size: 63 KB
  • #732
  • Oct 12, 2022 11:39am Oct 12, 2022 11:39am
Quoting stevepatt
{quote} AUD/USD M1 Observations Moved Stop to BE+ {image}
AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Observations 5 AUD_USD_20221012_17.34.png Size: 67 KB
  • #733
  • Oct 12, 2022 12:06pm Oct 12, 2022 12:06pm
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
AUD/USD M1 Long Trade 2 Result BE+

AUD/USD M1 Short Trade 2

Might be a little premature jumping in Short we'll see.....
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 22 M1 Short Trade 2 AUD_USD_20221012_17.52.png Size: 53 KB
  • #734
  • Oct 12, 2022 12:26pm Oct 12, 2022 12:26pm
Quoting stevepatt
{quote} AUD/USD M1 Long Trade 2 Result BE+ AUD/USD M1 Short Trade 2 Might be a little premature jumping in Short we'll see..... {image}
Hi steve

Do you go for a 1:1 risk reward?
How Do yo set The stop? Bellow The low if you are going long?
Atr stop?
Im asking this because I also trade the 1 min and found that It has so many fluctuations that even if your analysis is right is very easy for your stop to get hit.

Also are your stops very wide to avoid what I mentioned

Thanks
Kind regards
  • #735
  • Oct 12, 2022 12:50pm Oct 12, 2022 12:50pm
Quoting Frag8383
{quote} Hi steve Do you go for a 1:1 risk reward? How Do yo set The stop? Bellow The low if you are going long? Atr stop? Im asking this because I also trade the 1 min and found that It has so many fluctuations that even if your analysis is right is very easy for your stop to get hit. Also are your stops very wide to avoid what I mentioned Thanks Kind regards
Hi Frag,

Since switching to AUD/USD I have been aiming for a 10 Pip Risk and a 20 Pip Reward

1:2 Risk:Reward

The AUD/USD moves relatively smoothly compared with other Pairs, including GBP/USD

The biggest issue with Trading M1 is timing. A Fraction of a Pip can make all the difference in success or failure
  • #736
  • Oct 13, 2022 12:56am Oct 13, 2022 12:56am
Quoting stevepatt
{quote} AUD/USD M1 Observations 2 {image}
Hi Steve, long time lurker - love learning from all the graphs you've been putting out all this time.

I'm a little confused with this though. I would've interpreted the 1st, 2nd, 3rd reaction as Higher Lows which = uptrend.
What made you feel like it was going to be a downtrend (which turned out true)?

Also you say Selling is Increasing - how to identify that? Is that because price bounced off the top very quickly whereas price stayed at the bottom for longer?

Thanks
  • #737
  • Oct 13, 2022 1:06am Oct 13, 2022 1:06am
AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_06.54.png Size: 48 KB
  • #738
  • Oct 13, 2022 1:33am Oct 13, 2022 1:33am
Quoting Strykes
{quote} Hi Steve, long time lurker - love learning from all the graphs you've been putting out all this time. I'm a little confused with this though. I would've interpreted the 1st, 2nd, 3rd reaction as Higher Lows which = uptrend. What made you feel like it was going to be a downtrend (which turned out true)? Also you say Selling is Increasing - how to identify that? Is that because price bounced off the top very quickly whereas price stayed at the bottom for longer? Thanks

Hi Strykes,

Thanks for the question.

I hope the chart below answers your question

When Trading M1 Price movements can be very Subtle a lot of it becomes instinctive with screen time
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_07.08.png Size: 57 KB
  • #739
  • Oct 13, 2022 1:48am Oct 13, 2022 1:48am
Quoting stevepatt
AUD/USD M1 Observations {image}
AUD/USD M1 Observations

The picture keeps changing.....
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_07.40.png Size: 49 KB
  • #740
  • Oct 13, 2022 2:20am Oct 13, 2022 2:20am
Quoting stevepatt
{quote} Hi Strykes, Thanks for the question. I hope the chart below answers your question When Trading M1 Price movements can be very Subtle a lot of it becomes instinctive with screen time {image}
Didn't see it from that perspective! I gotta study more on screen then. Thanks.
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