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GBP/USD M5 Trading

  • #1,221
  • Jan 10, 2023 1:22am Jan 10, 2023 1:22am
Quoting stevepatt
AUD/USD M1 Short Trade {image}
AUD/USD M1 Short Trade Result +20 Pips +2%

Price will keep falling until the next Level of Pending Buy Orders (Value) is reached
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Short Trade Result AUD_USD_20230110_07.17.png Size: 30 KB
  • #1,222
  • Jan 10, 2023 9:55am Jan 10, 2023 9:55am
AUD/USD M1 Observations

Missed a couple of good Setups today
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Observations AUD_USD_20230110_15.43.png Size: 55 KB
  • #1,223
  • Jan 10, 2023 10:28am Jan 10, 2023 10:28am
Quoting stevepatt
AUD/USD M1 Observations Missed a couple of good Setups today {image}
AUD/USD M1 Short Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Short Trade 2 AUD_USD_20230110_16.23.png Size: 33 KB
  • #1,224
  • Jan 10, 2023 10:45am Jan 10, 2023 10:45am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade 2 {image}
AUD/USD M1 Observations

Stop Loss at BE+
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Observations AUD_USD_20230110_16.40.png Size: 32 KB
  • #1,225
  • Jan 10, 2023 11:07am Jan 10, 2023 11:07am
Quoting stevepatt
{quote} AUD/USD M1 Observations Stop Loss at BE+ {image}
AUD/USD M1 Short Trade 2 Result +5 Pips +0.5%

AUD/USD M1 Long Trade

Price Failing to make a New Low
Attached Image (click to enlarge)
Click to Enlarge Name: 10th jan 23 M1 Short Trade 2 Result (Long Trade) AUD_USD_20230110_16.59.png Size: 35 KB
  • #1,226
  • Jan 10, 2023 11:54am Jan 10, 2023 11:54am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade 2 Result +5 Pips +0.5% AUD/USD M1 Long Trade Price Failing to make a New Low {image}
AUD/USD M1 Observations 2
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Observations AUD_USD_20230110_17.40.png Size: 41 KB
  • #1,227
  • Jan 10, 2023 12:17pm Jan 10, 2023 12:17pm
Hi,
I might not post much for now because of trying to create a strategy for GOLD trading.
I watched a video on YouTube of a guy trading(replay mode) in gold in 15 min tf using only Price action,support , resistance and trendlines.
That is why I am also Backtesting it for now and trying to creates rules, entry, exit conditions. And collecting data because it seems there are a lot of variables involved despite using price action.
But i am testing it in 5 min tf as it increases probability in my favour a lot, make me keep good risk to reward ratio and also gives lot of opportunities in a day.
As of now I have a lot of hesitation in price action that why will also be relaying on RSI.
I tested it yesterday and today and the results were 45% and 55% winning rate respectively. Other day it also gave 65%.
Will be hoping to increase my chances and try to maintain at least 50% strike rate.
By the way after using RSI my probability increased by 12.5%.
Will be posting soon
Thanks...
  • #1,228
  • Jan 10, 2023 12:44pm Jan 10, 2023 12:44pm
Quoting oneboy
Hi, I might not post much for now because of trying to create a strategy for GOLD trading. I watched a video on YouTube of a guy trading(replay mode) in gold in 15 min tf using only Price action,support , resistance and trendlines. That is why I am also Backtesting it for now and trying to creates rules, entry, exit conditions. And collecting data because it seems there are a lot of variables involved despite using price action. But i am testing it in 5 min tf as it increases probability in my favour a lot, make me keep good risk to reward ratio...
Hi Oneboy,

No problem, we all have our paths to follow

Remember, ultimately you want to aim for your own Trading Method

This will come when you have "Soaked Up" enough Knowledge and know Exactly how you want to Trade

It's then a matter of "Fine Tuning" your Method until it works at its Optimum

Anyway, that's how its been for me

Cheers
Steve
  • #1,229
  • Edited 7:03pm Jan 10, 2023 6:40pm | Edited 7:03pm
this morning i tried your method i bought when it went back to the blue box and it hit my sl and went up. I like your method, I will try to learn.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-01-11-07-37-24.png Size: 75 KB
  • #1,230
  • Jan 10, 2023 9:45pm Jan 10, 2023 9:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
like a sailor waiting for the wind to sail his small boat safely
  • #1,231
  • Jan 10, 2023 10:04pm Jan 10, 2023 10:04pm
Quoting senjamerah
{image}like a sailor waiting for the wind to sail his small boat safely
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
Done.
  • #1,232
  • Jan 11, 2023 12:05am Jan 11, 2023 12:05am
Quoting Trangnguyen5
this morning i tried your method i bought when it went back to the blue box and it hit my sl and went up. I like your method, I will try to learn. {image}
Hi Trangnguyen,

Make sure you check for RED NEWS before you Enter a Trade

00.30 (UK TIME) there was AUD RED NEWS

You also want to see Price Action to Enter a Trade
  • #1,233
  • Jan 11, 2023 12:37am Jan 11, 2023 12:37am
AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 M1 Observations AUD_USD_20230111_06.33.png Size: 23 KB
  • #1,234
  • Jan 11, 2023 1:08am Jan 11, 2023 1:08am
Quoting stevepatt
AUD/USD M1 Observations {image}
AUD/USD M1 Observations 2

No Convincing Price Action to Enter Long
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 M1 Observations 2 AUD_USD_20230111_07.04.png Size: 30 KB
  • #1,235
  • Jan 11, 2023 1:26am Jan 11, 2023 1:26am
Quoting stevepatt
{quote} AUD/USD M1 Observations 2 No Convincing Price Action to Enter Long {image}
AUD/USD M1 Short Trade

Might have "Jumped the Gun".......
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 M1 Short Trade AUD_USD_20230111_07.21.png Size: 27 KB
  • #1,236
  • Jan 11, 2023 1:52am Jan 11, 2023 1:52am
Quoting stevepatt
{quote} AUD/USD M1 Short Trade Might have "Jumped the Gun"....... {image}
AUD/USD M1 Short Trade Result BE

My Entry was CRAP

There could be further Opportunities to go Short I'm not going to be around now to Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 M1 Short Trade Result AUD_USD_20230111_07.45.png Size: 27 KB
  • #1,237
  • Jan 11, 2023 3:29am Jan 11, 2023 3:29am
I will wait to buy here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-01-11-16-26-58.png Size: 72 KB
  • #1,238
  • Jan 11, 2023 3:40am Jan 11, 2023 3:40am
Sell here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-01-11-16-39-13.png Size: 81 KB
  • #1,239
  • Jan 11, 2023 8:43am Jan 11, 2023 8:43am
AUD/USD M1 Long Trade

Structure is Bullish (M1) at the Time I Enter
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 M1 Long Trade AUD_USD_20230111_14.37.png Size: 40 KB
  • #1,240
  • Jan 11, 2023 9:06am Jan 11, 2023 9:06am
Quoting stevepatt
AUD/USD M1 Long Trade Structure is Bullish (M1) at the Time I Enter {image}
AUD/USD M1 Long Trade Result BE

Price (Order Flow) could be "Flipping" to Short
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Jan 23 m1 Long Trade Result AUD_USD_20230111_15.03.png Size: 42 KB
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