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GBP/USD M5 Trading

  • #741
  • Oct 13, 2022 4:46am Oct 13, 2022 4:46am
Quoting stevepatt
{quote} AUD/USD M1 Observations The picture keeps changing..... {image}
AUD/USD M1 Observations

Anyone catch the Long Opportunity??
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_10.35.png Size: 80 KB
  • #742
  • Oct 13, 2022 5:03am Oct 13, 2022 5:03am
Quoting stevepatt
{quote} AUD/USD M1 Observations Anyone catch the Long Opportunity?? {image}
AUD/USD M1 Observations

A Zoomed in View
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_10.54.png Size: 45 KB
  • #743
  • Oct 13, 2022 6:02am Oct 13, 2022 6:02am
Quoting stevepatt
{quote} AUD/USD M1 Observations A Zoomed in View {image}
AUD/USD M1 Observations

Trading can be Frustrating when you don't see what you Anticipate

But I know from a Statistic Point of View the Odds are more in my favour when I wait.....
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Observations AUD_USD_20221013_11.50.png Size: 47 KB
  • #744
  • Oct 13, 2022 6:08am Oct 13, 2022 6:08am
Quoting stevepatt
{quote} AUD/USD M1 Observations Trading can be Frustrating when you don't see what you Anticipate But I know from a Statistic Point of View the Odds are more in my favour when I wait..... {image}
AUD/USD M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Short Trade AUD_USD_20221013_12.04.png Size: 42 KB
  • #745
  • Oct 13, 2022 6:57am Oct 13, 2022 6:57am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade {image}
AUD/USD M1 Short Trade Result (10) Pips (-1%)

AUD/USD M1 Long Trade

The Picture keeps changing it's up to us to keep up to date.....
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 22 M1 Short Trade Result AUD_USD_20221013_12.50.png Size: 46 KB
  • #746
  • Oct 14, 2022 2:06am Oct 14, 2022 2:06am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result (10) Pips (-1%) AUD/USD M1 Long Trade The Picture keeps changing it's up to us to keep up to date..... {image}
AUD/USD M1 Long Trade Result (-10) Pips (-1%)

Do you get the feeling, like I do, that I should have checked the Economic Calendar???

You can see, I do get lucky know and again and predict Price Direction

I really need to get more accomplished at Entering Trades with Momentum on my side

I'll spend some time looking into that side of my Trading

At the end of the day we all have to find our own route through the maze that is Trading.....
Attached Image (click to enlarge)
Click to Enlarge Name: 14th Oct 22 M1 Long Trade ResultAUD_USD_20221014_07.56.png Size: 38 KB
  • #747
  • Oct 15, 2022 4:59pm Oct 15, 2022 4:59pm
Quoting stevepatt
{quote} 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.
Hi Steve,

That's why TP & SL shouldn't be fixed, but "dynamic/flexible", and some positions manually closed.
Great thread, by the way

Cheers!
  • #748
  • Edited 1:07am Oct 17, 2022 12:56am | Edited 1:07am
AUD/USD M1 Long Trade

EDIT: 07.06am Stop at BE
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Oct 22 M1 Long Trade AUD_USD_20221017_06.51.png Size: 44 KB
  • #749
  • Oct 17, 2022 1:32am Oct 17, 2022 1:32am
Quoting stevepatt
AUD/USD M1 Long Trade EDIT: 07.06am Stop at BE {image}
AUD/USD M1 Long Trade Result BE
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Oct 22 M1 Observations AUD_USD_20221017_07.25.png Size: 43 KB
  • #750
  • Oct 18, 2022 12:50am Oct 18, 2022 12:50am
AUD/USD M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Oct 22 M1 Short Trade AUD_USD_20221018_06.46.png Size: 48 KB
  • #751
  • Oct 18, 2022 11:03am Oct 18, 2022 11:03am
Quoting stevepatt
AUD/USD M1 Short Trade {image}
AUD/USD M1 Short Trade Result BE

Entered this Short Trade a little early could have re-entered Short if I had been around.

You can see from the Chart it's a matter of constantly Tracking Price

Keep Highlighting the Chart when Price Stops making New Lows or Highs and Watch for a Break of Structure

Watch how Price reacts from that BoS Point when/if Price returns to Test the BoS
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Oct 22 M1 Observations AUD_USD_20221018_16.49.png Size: 66 KB
  • #752
  • Oct 19, 2022 12:59am Oct 19, 2022 12:59am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result BE Entered this Short Trade a little early could have re-entered Short if I had been around. You can see from the Chart it's a matter of constantly Tracking Price Keep Highlighting the Chart when Price Stops making New Lows or Highs and Watch for a Break of Structure Watch how Price reacts from that BoS Point when/if Price returns to Test the BoS {image}
AUD/USD M1 Observations

Not every Setup is going to Work Out that's Obvious
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Observations AUD_USD_20221019_06.50.png Size: 56 KB
  • #753
  • Oct 19, 2022 1:18am Oct 19, 2022 1:18am
Quoting stevepatt
{quote} AUD/USD M1 Observations Not every Setup is going to Work Out that's Obvious {image}
AUD/USD M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Short Trade AUD_USD_20221019_07.13.png Size: 46 KB
  • #754
  • Oct 19, 2022 1:29am Oct 19, 2022 1:29am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade {image}
AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Observations 2 AUD_USD_20221019_07.24.png Size: 48 KB
  • #755
  • Oct 19, 2022 1:42am Oct 19, 2022 1:42am
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
AUD/USD M1 Observations 3

I've moved the Stop Loss to BE+
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Observations 3AUD_USD_20221019_07.37.png Size: 44 KB
  • #756
  • Oct 19, 2022 10:18am Oct 19, 2022 10:18am
Quoting stevepatt
{quote} AUD/USD M1 Observations 3 I've moved the Stop Loss to BE+ {image}
AUD/USD M1 Short Trade Result BE+2.7 Pips

Of course in Hindsight I should have stayed in the Trade

AUD/USD M1 Short Trade 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Short Trade Result AUD_USD_20221019_16.10.png Size: 62 KB
Click to Enlarge Name: 19th Oct 22 M1 Short Trade 2 AUD_USD_20221019_16.07.png Size: 55 KB
  • #757
  • Oct 19, 2022 11:11am Oct 19, 2022 11:11am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result BE+2.7 Pips Of course in Hindsight I should have stayed in the Trade AUD/USD M1 Short Trade 2 {image} {image}
AUD/USD M1 Short Trade 2 Result +20 Pips +2%

Market decided to Pay me

Missed the next Short Opportunity....
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Oct 22 M1 Short Trade Result AUD_USD_20221019_17.05.png Size: 47 KB
  • #758
  • Oct 20, 2022 1:36am Oct 20, 2022 1:36am
Chart 1: AUD/USD M1 Observations

Chart 2: AUD/USD M1 Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20th Oct 22 M1 Observations AUD_USD_20221020_07.26.png Size: 53 KB
Click to Enlarge Name: 20th Oct 22 M1 Short Trade AUD_USD_20221020_07.30.png Size: 55 KB
  • #759
  • Oct 20, 2022 10:48am Oct 20, 2022 10:48am
Quoting stevepatt
Chart 1: AUD/USD M1 Observations Chart 2: AUD/USD M1 Short Trade {image} {image}
Chart 1: AUD/USD M1 Short Trade Result BE+

Price didn't want to continue to Fall got out at BE

All you need to be a Profitable Trader is a Consistent Repeatable Action to Act Upon that has a Positive Edge

Chart 2: AUD/USD M1 Short Trade 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20th Oct 22 M1 Short Trade Result AUD_USD_20221020_16.26.png Size: 60 KB
Click to Enlarge Name: 20th Oct 22 M1 Short Trade 2 AUD_USD_20221020_16.46.png Size: 41 KB
  • #760
  • Oct 20, 2022 11:35am Oct 20, 2022 11:35am
Quoting stevepatt
{quote} Chart 1: AUD/USD M1 Short Trade Result BE+ Price didn't want to continue to Fall got out at BE All you need to be a Profitable Trader is a Consistent Repeatable Action to Act Upon that has a Positive Edge Chart 2: AUD/USD M1 Short Trade 2 {image} {image}
AUD/USD M1 Short Trade Result +20 Pips +2%

Consistent Repeatble Action
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Oct 22 M1 Short Trade Result AUD_USD_20221020_17.30.png Size: 46 KB
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