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GBP/USD M5 Trading

  • #1,681
  • Edited 8:38am Oct 26, 2023 8:24am | Edited 8:38am
Quoting stevepatt
GBP/USD Short Trade {image}
GBP/USD Short Trade Result BE+

GBP/USD Short Trade 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26TH OCT 23 M15 Short Trade Result (Short Trade 2) GBP_USD Mini_20231026_16.19.png Size: 22 KB
Click to Enlarge Name: 26th Oct 22 M1 Short Trade 2 GBP_USD Mini_20231026_16.14.png Size: 26 KB
Click to Enlarge Name: 26th Oct 23 M1 Short Trade Result GBP_USD Mini_20231026_16.28.png Size: 30 KB
  • #1,682
  • Oct 26, 2023 10:06am Oct 26, 2023 10:06am
Quoting stevepatt
{quote} GBP/USD Short Trade Result BE+ GBP/USD Short Trade 2 {image} {image} {image}
GBP/USD Short Trade 2 Result +20 Pips

Make sure you look closely at the Chart there is a lot of detail that gets missed
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 23 Short Trade 2 Result GBP_USD Mini_20231026_17.50.png Size: 47 KB
  • #1,683
  • Oct 26, 2023 12:13pm Oct 26, 2023 12:13pm
Quoting stevepatt
{quote} GBP/USD Short Trade 2 Result +20 Pips Make sure you look closely at the Chart there is a lot of detail that gets missed {image}
GBP/USD M1 Observations

Just Follow Price as it happens don't try and Prdict beyond what you can imediately SEE.....
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 23 M1 Observations GBP_USD Mini_20231026_19.57.png Size: 48 KB
  • #1,684
  • Oct 26, 2023 12:25pm Oct 26, 2023 12:25pm
Quoting stevepatt
{quote} GBP/USD M1 Observations Just Follow Price as it happens don't try and Prdict beyond what you can imediately SEE..... {image}

GBP/USD 1 Min further Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 23 M1 Observations GBP_USD Mini_20231026_20.16.png Size: 33 KB
  • #1,685
  • Oct 26, 2023 1:46pm Oct 26, 2023 1:46pm
Quoting stevepatt
{quote} GBP/USD 1 Min further Observations {image}
GBP/USD 1 Min Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 23 M1 Observations GBP_USD Mini_20231026_21.30.png Size: 33 KB
  • #1,686
  • Oct 26, 2023 9:51pm Oct 26, 2023 9:51pm
GBP/USD M15 M1 Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Oct 23 M15 Observations GBP_USD Mini_20231027_05.31.png Size: 23 KB
Click to Enlarge Name: 27thOct 23 M1 Observations GBP_USD Mini_20231027_05.43.png Size: 34 KB
  • #1,687
  • Oct 26, 2023 11:11pm Oct 26, 2023 11:11pm
Quoting stevepatt
GBP/USD M15 M1 Observations {image} {image}

GBP/USD Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Oct 23 M15 SShort Trade GBP_USD Mini_20231027_07.05.png Size: 23 KB
Click to Enlarge Name: 17th Oct 23 M1 Short Trade GBP_USD Mini_20231027_07.02.png Size: 29 KB
  • #1,688
  • Oct 27, 2023 6:43am Oct 27, 2023 6:43am
Quoting stevepatt
{quote} GBP/USD Short Trade {image} {image}

GBP/USD Short Trade Result +20 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Oct 23 Short Trade Result GBP_USD Mini_20231027_14.35.png Size: 34 KB
  • #1,689
  • Oct 27, 2023 8:14am Oct 27, 2023 8:14am
I've started using ATR Average true Range Set to 1

It tells me the Average Candle Size in Pips

Right now the Average of each Candle is reaching up to 10 Pips that means if I Entered a Tared right now my usual Stop could be hit in one Candle

I know looking at it another way my Target could be Hit in two Candles but my Entry would have to be perfectly timed to avoid being Stopped Out
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Oct 23 M1 Observations GBP_USD Mini_20231027_16.00.png Size: 38 KB
  • #1,690
  • Oct 28, 2023 12:47am Oct 28, 2023 12:47am
This week I have gone back to Trading with the minimum amount of Information on my Chart with far more success.

I had been watching too many other Traders and trying to Incorperate something useful from their Trading Method into mine

I need, we all need, Confidence in our Capabilities to Trade and to know when we have a Profitable Edge and to just Trade that EDGE

This is what I will be doing going Fotward

One very useful Tip I did pick up was from Iman Trading Live on Youtube

It was from him that I started using the ATR set to 1 to Identify when Price is becoming to Volatile for the Stop Distance I use

This usually occurs around RED NEWS
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Oct 23 M15 Observations GBP_USD Mini_20231028_08.11.png Size: 31 KB
  • #1,691
  • Oct 29, 2023 7:17pm Oct 29, 2023 7:17pm
Quoting stevepatt
Confidence in our Capabilities to Trade and to know when we have a Profitable Edge and to just Trade that EDGE
{image}
You just summarized the trading "Holy Grail"

I have picked up a few nuggets from your posts. Thanks for sharing. Hope you continue doing that.
  • #1,692
  • Oct 31, 2023 12:02am Oct 31, 2023 12:02am
GBP/USD Long Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31st Oct M15 Long Trade GBP_USD Mini_20231031_06.57(1).png Size: 23 KB
Click to Enlarge Name: 31sr Oct 23 M1 Long Trade GBP_USD Mini_20231031_06.53.png Size: 28 KB
  • #1,693
  • Nov 7, 2023 8:59am Nov 7, 2023 8:59am
GBP/USD Short Trade

I have had a friend staying with me who has no interest in Trading and finds it really Boring so I haven't been doing a lot of Trading

He's now gone so back to the Trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th Nov 23 M15 Short Trade GBP_USD Mini_20231107_16.51.png Size: 25 KB
Click to Enlarge Name: 7th Nov 23 M1 Short Trade GBP_USD Mini_20231107_16.46.png Size: 27 KB
  • #1,694
  • Nov 7, 2023 12:59pm Nov 7, 2023 12:59pm
Long-term tendency: to short. The maximum accumulation of volumes of the current contract is located in the range, at quotes 1.21250-1.25600. At the moment the pair is investing higher, indicating the sellers' weakness.

Attached Image (click to enlarge)
Click to Enlarge Name: Без-имени-1.png Size: 110 KB

- Investment recommendations: buying from the range of favorable prices when a reversal pattern is formed.
- Buy: 1.22770-1.23530, Take Profit 1-1.24290, Take Profit 2-1.25250.
  • #1,695
  • Nov 8, 2023 9:15am Nov 8, 2023 9:15am
Quoting stevepatt
GBP/USD Short Trade I have had a friend staying with me who has no interest in Trading and finds it really Boring so I haven't been doing a lot of Trading He's now gone so back to the Trading {image} {image}
GBP/USD SHORT TRADE RESULT +20 PIPS

GBP/USD Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8TH NOV 23 M15 SHORT TRADE RESULT ((SHORT TRADE) GBP_USD Mini_20231108_17.11.png Size: 25 KB
Click to Enlarge Name: 8th Nov 23 M1 Short Trade GBP_USD Mini_20231108_17.07.png Size: 28 KB
  • #1,696
  • Nov 10, 2023 5:32am Nov 10, 2023 5:32am
Quoting stevepatt
{quote} GBP/USD SHORT TRADE RESULT +20 PIPS GBP/USD Short Trade {image} {image}
Hi,
In the first picture, there's a red pin bar candle, indicating a downtrend and a 'short' entry.
I'd wait a few/couple of candlesticks formation to be sure, which I can see has already happened.
Sorry, if I am a latecomer!
Trader: Hemen Eghvay
  • #1,697
  • Nov 11, 2023 5:31am Nov 11, 2023 5:31am
Quoting shiwen55
{quote} Hi, In the first picture, there's a red pin bar candle, indicating a downtrend and a 'short' entry. I'd wait a few/couple of candlesticks formation to be sure, which I can see has already happened. Sorry, if I am a latecomer!
Hi Shiwen,

Yes, that Short Trade I took on Wednesday was actually against M15 Structure but I was counting on the 1.23000 Big Round Number Holding Price from moving Higher
to a degree it worked I got out at BE+

If we simply Trade in the same Direction as M15 Structure is going we put the outcome of any Trade we take @ Supply or Demand in our Favour.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th Nov 23 M15 Observations GBP_USD_20231111_12.48.png Size: 24 KB
Click to Enlarge Name: 11th Nov 23 M15 Observations GBP_USD_20231111_12.53.png Size: 23 KB
Click to Enlarge Name: 11th Nov 23 M15 Observations GBP_USD_20231111_12.56.png Size: 26 KB
Click to Enlarge Name: 11th NOV 23 M15 Observations GBP_USD_20231111_13.00.png Size: 24 KB
Click to Enlarge Name: 11th Nov 23 M15 Observations GBP_USD_20231111_13.06.png Size: 20 KB
Click to Enlarge Name: 11th Nov 23 M15 Observations GBP_USD_20231111_13.26.png Size: 31 KB
  • #1,698
  • Nov 14, 2023 5:57am Nov 14, 2023 5:57am
GBP/USD Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14th Nov 23 M15 Observations GBP_USD_20231114_13.25.png Size: 31 KB
Click to Enlarge Name: 14th Nov 23 1 Min Observations GBP_USD_20231114_13.37.png Size: 39 KB
Click to Enlarge Name: 14th Nov 23 1 Min Observations GBP_USD_20231114_13.54.png Size: 28 KB
  • #1,699
  • Nov 15, 2023 7:33am Nov 15, 2023 7:33am
Quoting stevepatt
GBP/USD Observations {image} {image} {image}
GBP/USD M15 Observations

As I have stated before it is always a good idea to Trade with Structure in Favour of your Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 15th Nov 23 M15 Observations GBP_USD_20231115_15.21.png Size: 33 KB
  • #1,700
  • Nov 16, 2023 7:14am Nov 16, 2023 7:14am
GBP/USD M15 1 Min Observations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16th Nov 23 M15 Observations GBP_USD_20231116_14.50.png Size: 38 KB
Click to Enlarge Name: 16th Nov 23 M1 Observations GBP_USD_20231116_15.01.png Size: 40 KB
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