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GBP/USD M5 Trading

  • #1,001
  • Dec 22, 2022 12:48am Dec 22, 2022 12:48am
Quoting senjamerah
{image}short.....we must always have proper plan and trade management...
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last entry..
  • #1,002
  • Dec 22, 2022 12:53am Dec 22, 2022 12:53am
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Done....good trading day...63pips collected .
  • #1,003
  • Dec 22, 2022 1:01am Dec 22, 2022 1:01am
Quoting senjamerah
{quote} {image}last entry..
Hi Senjamerah,
I noticed that you only make 4 to 5 trades a day.
Is that because of target that you have of 40 to 50 pips or other reason?.
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  • #1,004
  • Dec 22, 2022 1:03am Dec 22, 2022 1:03am
Quoting oneboy
{quote} Hi Senjamerah, I noticed that you only make 4 to 5 trades a day. Is that because of target that you have of 40 to 50 pips or other reason?. {image}
Hi Boy,
This is my POV for GJ...

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  • #1,005
  • Dec 22, 2022 1:10am Dec 22, 2022 1:10am
Quoting oneboy
{quote} Hi Senjamerah, I noticed that you only make 4 to 5 trades a day. Is that because of target that you have of 40 to 50 pips or other reason?. {image}
I live in Asia and i trade during asia market till early of London session. the rest of the day i spend with family and friends. no target on pips.
  • #1,006
  • Dec 22, 2022 1:22am Dec 22, 2022 1:22am
Quoting senjamerah
{quote} I live in Asia and i trade during asia market till early of London session. the rest of the day i spend with family and friends. no target on pips.
Hi Senjamerah,
I also live in Asia more specifically India.
But Trading in forex is illegal here that's why
have to be careful and cautious.
thankx for your pov....
  • #1,007
  • Dec 22, 2022 1:36am Dec 22, 2022 1:36am
Quoting oneboy
{quote} Hi Senjamerah, I also live in Asia more specifically India. But Trading in forex is illegal here that's why have to be careful and cautious. thankx for your pov....
Illegal? Why?
  • #1,008
  • Dec 22, 2022 1:45am Dec 22, 2022 1:45am
AUD/USD M1 Observations
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  • #1,009
  • Dec 22, 2022 1:54am Dec 22, 2022 1:54am
Quoting senjamerah
{quote} Illegal? Why?
Hmmm I personally believe it is because of brokers.
They generally promote there platform or services as lottery winning or gambling.
And they don't have the permission of the RBI [Reserve bank of India].
But trading is legal in India in equities,commodity etc.
AND also legal in only INR PAIRS which is exotic pair.
and it does not move according to price action because of government intervention
  • #1,010
  • Dec 22, 2022 2:22am Dec 22, 2022 2:22am
GBPJYP Long trade
Will have to Monitor closely because of trade in opposite direction of trend.
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  • #1,011
  • Dec 22, 2022 2:27am Dec 22, 2022 2:27am
Quoting oneboy
GBPJYP Long trade Will have to Monitor closely because of trade in opposite direction of trend. {image}
exit at BE
Because of long wick candle
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  • #1,012
  • Dec 22, 2022 2:28am Dec 22, 2022 2:28am
Quoting stevepatt
AUD/USD M1 Observations {image}
AUD/USD M1 Short Trade
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  • #1,013
  • Dec 22, 2022 2:45am Dec 22, 2022 2:45am
Good call to exit that trade.
GBPJYP Short trade.
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  • #1,014
  • Dec 22, 2022 2:50am Dec 22, 2022 2:50am
Quoting oneboy
{quote} exit at BE Because of long wick candle {image}
Hi Oneboy,

This is my M1 Perspective on Price

I hope the different viewpoints are helping to broaden your knowledge of Price

For me it was a matter of accumulating knowledge from different places and then using that knowledge to develop my own Style of Trading
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  • #1,015
  • Dec 22, 2022 3:00am Dec 22, 2022 3:00am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade {image}
AUD/USD M1 Observations 2 (From the Short Trade Perspective)
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  • #1,016
  • Edited 5:08am Dec 22, 2022 3:30am | Edited 5:08am
Quoting oneboy
Good call to exit that trade. GBPJYP Short trade. {image}
GBPJYP RESULT +28 PIPS
EXIT AT 159.630 beacuse of support.
Can't be too greedy in the market.
Only strong control on emotions can make or break things in trading.
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  • #1,017
  • Dec 22, 2022 4:17am Dec 22, 2022 4:17am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade {image}
AUD/USD M1 Short Trade Result +20 Pips +2%

I just LOVE PRICE.....
Attached Image (click to enlarge)
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  • #1,018
  • Dec 22, 2022 4:36am Dec 22, 2022 4:36am
Quoting stevepatt
{quote} Hi Oneboy, This is my M1 Perspective on Price I hope the different viewpoints are helping to broaden your knowledge of Price For me it was a matter of accumulating knowledge from different places and then using that knowledge to develop my own Style of Trading {image}
Hi Steve,
Thanks Steve and Senjamerah for your povs. They really help me understand the structure of the market and what the price looks from different perspective.

I entered long because of signal and quick movement and then price started signs of slowing down. that's why exited that trade.
I look for candles with big wicks and big candle with no wicks to help me identify momentum.
I try to keep in mind my view on 15 min tf in 1min trading.
as price was not making bigger bullish candle even at resistance and instead making bearish back to back.
that's why entered short using price action that i just learned.
as was studying price action the minimum requirement for momentum was 3 big candles back to back with increasing in size.

Looking forward to learn more things from you.
thankx..
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  • #1,019
  • Dec 22, 2022 9:49am Dec 22, 2022 9:49am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Result +20 Pips +2% I just LOVE PRICE..... {image}
Today I was very confident in my short trade like 85 to 90% which is around 60 to 70% in my signal and strategy.
I don't know why I was confident today but might be because of price action.
I am excited to look forward for price action.
My first forex trading with price action was today.
By the way I have been trading for 1.5 years mainly domestic but there was gap up or down every single day.
A company stock can be manipulated because of it lower valuation but in forex it is difficult or not possible at all because of 6.6 trillion dollar traded every day.
It can only be manipulated with news.
  • #1,020
  • Dec 22, 2022 10:54am Dec 22, 2022 10:54am
Quoting oneboy
{quote} Today I was very confident in my short trade like 85 to 90% which is around 60 to 70% in my signal and strategy. I don't know why I was confident today but might be because of price action. I am excited to look forward for price action. My first forex trading with price action was today. By the way I have been trading for 1.5 years mainly domestic but there was gap up or down every single day. A company stock can be manipulated because of it lower valuation but in forex it is difficult or not possible at all because of 6.6 trillion dollar...
I can say good outlook, but be sure heavy days will come and your plan will be under pressure. Wait these times and prepare yourself that can calm sail through the wild waters. This is the true key to be over long time in trip.
Perfection is the enemy of good enough!
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