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

  • #861
  • Dec 7, 2022 2:39am Dec 7, 2022 2:39am
Taken reversal I think????
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  • #862
  • Dec 7, 2022 8:50am Dec 7, 2022 8:50am
I took long position in GBPJYP today.
But I existed it manually because of 5 min candle formations at 167 after entry.
My trading psychology is a mess as I become very nervous during placing a trade.
Like fear of missing the trade or if I enter late it might not reach my target of 50 pips.
After thoughts,
Good exist.
Attached Image (click to enlarge)
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  • #863
  • Dec 7, 2022 8:59am Dec 7, 2022 8:59am
Gold going places.
Could have entered at 1776 as it has come out of sideways.
I will be starting to trade in gold from tomorrow from demo account at around NY session.
Will post around here my trades.
Thankxx
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  • #864
  • Dec 7, 2022 10:24am Dec 7, 2022 10:24am
Taken reversal at 167.300 range
GBPJYP
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  • #865
  • Edited 12:56am Dec 8, 2022 12:23am | Edited 12:56am
Hi Steve
You took long position in this symbol at yesterday.
this was my setup telling me about AUDUSD for 7 dec 22.
1. At yellow circle buy was signal generated
2. entry at .66850
3. sl could have been -17 pips that is .66680
4. target = .67100

reasons for entry could have been
1. price taking support at 700 levels
2. this symbol generally gives move from 17:00 (gmt +5:30)
3. buy signal with big candle at important level

what are your thought on this ?
thankx
Attached Image(s) (click to enlarge)
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  • #866
  • Dec 8, 2022 1:09am Dec 8, 2022 1:09am
Quoting oneboy
Hi Steve You took long position in this symbol at yesterday. this was my setup telling me about AUDUSD for 7 dec 22. 1. At yellow circle buy was signal generated 2. entry at .66850 3. sl could have been -17 pips that is .66680 4. target = .67100 reasons for entry could have been 1. price taking support at 700 levels 2. this symbol generally gives move from 17:00 (gmt +5:30) 3. buy signal with big candle at important level what are your thought on this ? thankx {image} {image}

Hi Oneboy,

This is how it looks from an M1 perspective through my "eyes".....
Attached Image(s) (click to enlarge)
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  • #867
  • Dec 8, 2022 1:18am Dec 8, 2022 1:18am
Quoting stevepatt
{quote} Hi Oneboy, This is how it looks from an M1 perspective through my "eyes"..... {image} {image}

AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Dec 22 M1 Observations 3 AUD_USD_20221208_07.16.png Size: 50 KB
  • #868
  • Dec 8, 2022 1:22am Dec 8, 2022 1:22am
Quoting stevepatt
{quote} Hi Oneboy, This is how it looks from an M1 perspective through my "eyes"..... {image} {image}
Thankx Steve for your pov
I have tried trading with only price action but failed miserably as I cannot control my emotions well that is why I have started using signals and important levels in my trading to compensate for my trading psychology and it has helped me tremendously.

8 dec 22
Levels for GBPJYP
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  • #869
  • Dec 8, 2022 1:30am Dec 8, 2022 1:30am
Quoting oneboy
{quote} Thankx Steve for your pov I have tried trading with only price action but failed miserably as I cannot control my emotions well that is why I have started using signals and important levels in my trading to compensate for my trading psychology and it has helped me tremendously. 8 dec 22 Levels for GBPJYP {image}

Hi Oneboy,

You make a very good point you have to understand your own feelings when it comes to Trading.

It's then a matter of Building a Trading Method that suits you as an Individual
  • #870
  • Dec 8, 2022 5:57am Dec 8, 2022 5:57am
Short trade result = -20 pips
Entry at 166.629
Sl at 166.850
Target 166.130
Attached Image(s) (click to enlarge)
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  • #871
  • Dec 8, 2022 7:34am Dec 8, 2022 7:34am
8 dec 22
Gold long trade from demo account
Buy Signal generated at 1786
Entry 1788
Sl 1785
Target 1793
Attached Image(s) (click to enlarge)
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  • #872
  • Dec 8, 2022 7:40am Dec 8, 2022 7:40am
Quoting stevepatt
{quote} Hi Oneboy, You make a very good point you have to understand your own feelings when it comes to Trading. It's then a matter of Building a Trading Method that suits you as an Individual
well said
  • #873
  • Dec 8, 2022 9:43am Dec 8, 2022 9:43am
Quoting oneboy
8 dec 22 Gold long trade from demo account Buy Signal generated at 1786 Entry 1788 Sl 1785 Target 1793 {image} {image}
gold result = -30 pips
Hilarious and frustrating
sl hit and then it gave the move.
early entry i guess or could have worked if enter at 1786.
TODAY IS NOT MY DAY IT SEEMS.
Attached Image (click to enlarge)
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  • #874
  • Dec 8, 2022 10:18am Dec 8, 2022 10:18am
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
AUD/USD M1 Observations 2
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Dec 22 M1 Observations 4 AUD_USD_20221208_16.12.png Size: 55 KB
  • #875
  • Dec 8, 2022 10:22am Dec 8, 2022 10:22am
Quoting stevepatt
{quote} AUD/USD M1 Observations 2 {image}
AUD/USD M1 Observations 3

EDIT: Better Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Dec 22 M1 Observations 5A AUD_USD_20221208_16.25.png Size: 56 KB
  • #876
  • Dec 8, 2022 10:32am Dec 8, 2022 10:32am
Quoting stevepatt
{quote} AUD/USD M1 Observations 3 EDIT: Better Chart {image}

AUD/USD M1 Observations 4
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Dec 22 M1 Observations 6 AUD_USD_20221208_16.30.png Size: 57 KB
  • #877
  • Dec 8, 2022 10:56am Dec 8, 2022 10:56am
Quoting stevepatt
{quote} AUD/USD M1 Observations 4 {image}

You can see there is no point in trying to Predict Price

The best we can do is Anticipate

Don't Trade your Predictions Trade Price
  • #878
  • Dec 9, 2022 12:54am Dec 9, 2022 12:54am
AUD/USD M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Dec 22 M1 Short Trade AUD_USD_20221209_06.49.png Size: 57 KB
  • #879
  • Dec 9, 2022 10:29am Dec 9, 2022 10:29am
Quoting stevepatt
AUD/USD M1 Short Trade {image}
AUD/USD M1 Short Trade Result +20 Pips +2%
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Dec 22 M1 Observations AUD_USD_20221209_16.09.png Size: 86 KB
  • #880
  • Dec 9, 2022 11:29pm Dec 9, 2022 11:29pm
Hi Steve
i didn't trade in GBPJYP yesterday because of my view in 4tf. this symbol was in type? of consolidation and it gave big move(breakout?) at NY session [ i don't trade at that time in this symbol and also was not around that time at my setup].
this was my view, Can you take a look and tell me your thoughts or POV ?
THANKXX.....
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