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GBP/USD M5 Trading

  • #1,881
  • Dec 29, 2023 2:28am Dec 29, 2023 2:28am
Quoting stevepatt
{quote} GBP/USD Short Trade Result +20 Pips {image}

GBP/USD Long Trade
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Click to Enlarge Name: 29th Dec 23 Long Trade GBP_USD_20231229_08.19.png Size: 40 KB
  • #1,882
  • Dec 29, 2023 8:20am Dec 29, 2023 8:20am
Hi, Steve

If you find some free time, could you please have a look at this Nat Gas chart for me? I guess I would have entered a short trade at the area where an arrow pointed. I am wondering how you would interpret this in your strategy. Do you think this is a high provability trade?
Thanks!

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https://www.tradingview.com/chart/EaVV0aH9/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,883
  • Dec 29, 2023 4:20pm Dec 29, 2023 4:20pm
Quoting heispark
Hi, Steve If you find some free time, could you please have a look at this Nat Gas chart for me? I guess I would have entered a short trade at the area where an arrow pointed. I am wondering how you would interpret this in your strategy. Do you think this is a high provability trade? Thanks! {image} {image} https://www.tradingview.com/chart/EaVV0aH9/

Hi Justin,

I'd be looking at it slightly differently.

I've found it helps to look for Breaks of Micro Structure on the 1 Min to Help with Early Entries

Find Levels of Interest on the 15M and Wait for Price to Test that Level look on the 1 Min for Price Action Setups to Enter

Where you Entered I would find too Late

See if the Charts makes Sense
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 29th Dec 23 M15 Observations NG1!_2023-12-29_21-39-38.png Size: 52 KB
Click to Enlarge Name: 29th Dec 23 M1 Observations NG1!_2023-12-29_22-02-03.png Size: 56 KB
Click to Enlarge Name: 219th Dec 23 M1 Observations NG1!_2023-12-29_21-49-09.png Size: 59 KB
  • #1,884
  • Dec 29, 2023 10:50pm Dec 29, 2023 10:50pm
Quoting stevepatt
{quote} Hi Justin, I'd be looking at it slightly differently. I've found it helps to look for Breaks of Micro Structure on the 1 Min to Help with Early Entries Find Levels of Interest on the 15M and Wait for Price to Test that Level look on the 1 Min for Price Action Setups to Enter Where you Entered I would find too Late See if the Charts makes Sense {image} {image} {image}
Thank you very much Steve! It really helps me understand your thought process. Unfortunetly, I am still using some indicators as my candle reading skill is not good enough. No matter what good indicators I use, indicators are lagging by nature. Pure price action reading skill is way superior obviously.
By the way, when can I watch your Youtube videos? Even short, simple Ticktok vidoes should be fine. I cannot wait.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,885
  • Dec 30, 2023 12:52am Dec 30, 2023 12:52am
Quoting heispark
{quote} Thank you very much Steve! It really helps me understand your thought process. Unfortunetly, I am still using some indicators as my candle reading skill is not good enough. No matter what good indicators I use, indicators are lagging by nature. Pure price action reading skill is way superior obviously. By the way, when can I watch your Youtube videos? Even short, simple Ticktok vidoes should be fine. I cannot wait.......
Hi Justin,

I videod the three Trades I took yesterday.

I need to edit them, with help from my son, and then Load them onto Youtube.

I'm hoping to get it done over the weekend
  • #1,886
  • Dec 31, 2023 12:09am Dec 31, 2023 12:09am
Quoting stevepatt
{quote} Hi Justin, I videod the three Trades I took yesterday. I need to edit them, with help from my son, and then Load them onto Youtube. I'm hoping to get it done over the weekend
Here is the Link to my Youtube Channel https://www.youtube.com/@BreakThroughTrading62/videos

Don't Expect Slick Productions Values but they show some of my thought Processes

I hope someone finds some Value in them
  • #1,887
  • Dec 31, 2023 3:14am Dec 31, 2023 3:14am
Quoting stevepatt
{quote} Here is the Link to my Youtube Channel https://www.youtube.com/@BreakThroughTrading62/videos Don't Expect Slick Productions Values but they show some of my thought Processes I hope someone finds some Value in them
In a silent hour I will watch your videos. Now I have also a voice to all the good informations.
Many thanks and I wish you a good start in the new year.

Greets

Michael
Perfection is the enemy of good enough!
  • #1,888
  • Dec 31, 2023 3:27am Dec 31, 2023 3:27am
Quoting stevepatt
{quote} Here is the Link to my Youtube Channel https://www.youtube.com/@BreakThroughTrading62/videos Don't Expect Slick Productions Values but they show some of my thought Processes I hope someone finds some Value in them
GBP/USD M15 1 Min Observations

If you have watched the First VIDEO you will know whatthis Relates to
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31st Dec 23 M15 Observations GBP_USD_20231231_09.17.png Size: 33 KB
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  • #1,889
  • Dec 31, 2023 3:38am Dec 31, 2023 3:38am
Quoting MichaelSch
{quote} In a silent hour I will watch your videos. Now I have also a voice to all the good informations. Many thanks and I wish you a good start in the new year. Greets Michael

Hi Michael,

Thank you for your continued Support, it is much Appreciated.

Like most people, I think, I'm not comfortable listening to myself.

As a general rule, I think, any Trading Video you see on Youtube with a really High Production Value hasn't been made by a Real Trader more a Marketeer

I know that is a Sweeping Statement but when you look on Youtube for actual Examples of Real Trading you will Struggle to find it and when you do, like mine, the Production Value is a little Lacking.

Not really aimed at you but a General Observation

Happy New Year to you and everybody reading this
  • #1,890
  • Edited 6:40am Dec 31, 2023 5:40am | Edited 6:40am
A very good Video about Market Structure

Inserted Video


Man, this guy is GOOD!!!!!!
  • #1,891
  • Dec 31, 2023 9:50am Dec 31, 2023 9:50am
Quoting stevepatt
{quote} Here is the Link to my Youtube Channel https://www.youtube.com/@BreakThroughTrading62/videos Don't Expect Slick Productions Values but they show some of my thought Processes I hope someone finds some Value in them
Congratulations! A legend begins ......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,892
  • Dec 31, 2023 12:38pm Dec 31, 2023 12:38pm
Well done Steve ! Congrats on your channel !

Wishing you and yours a Healthy and Prosperous New Year.

Cheers
Kevin
Markets are Mirrors,,Mastery of craft is mastery of self
  • #1,893
  • Dec 31, 2023 1:16pm Dec 31, 2023 1:16pm
Quoting bluesteele
Well done Steve ! Congrats on your channel ! Wishing you and yours a Healthy and Prosperous New Year. Cheers Kevin
Hi Kevin,

Thank you and a Happy New Year to you also

Heres to another progressive year

Cheers Steve
  • #1,894
  • Jan 1, 2024 3:45am Jan 1, 2024 3:45am
Happy New Year to everyone

I hope you all enjoyed the Celebrations and don't feel too Out of it

I've just up loaded a New Video
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  • #1,895
  • Jan 1, 2024 6:02am Jan 1, 2024 6:02am
Quoting stevepatt
A very good Video about Market Structure https://www.youtube.com/watch?v=Xw1CG5HWVts Man, this guy is GOOD!!!!!!
Great video and i will watch this closer. Nice collection of videos I get.
Perfection is the enemy of good enough!
  • #1,896
  • Jan 1, 2024 6:14am Jan 1, 2024 6:14am
[quote=stevepatt;14704669]Happy New Year to everyone I hope you all enjoyed the Celebrations and don't feel too Out of it I've just up loaded a New Video
Inserted Video
{image}[/quote

I have two 100% black and white systems running and one I have organized for my wife without that much deep level. With the videos and informations you share I will also learn to trade your way with the ground using imbalances. Can not thank you much. Hope I can manage to learn it well. Wish we were neighbour's.

Have a good start in new year.
Perfection is the enemy of good enough!
  • #1,897
  • Jan 1, 2024 1:21pm Jan 1, 2024 1:21pm
well done Steve...congrats on your channel....
  • #1,898
  • Jan 2, 2024 12:14am Jan 2, 2024 12:14am
GBP/USD M15 1 Min Observations

A bit early but things might be Setting Up.......
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  • #1,899
  • Jan 2, 2024 1:06am Jan 2, 2024 1:06am
Quoting stevepatt
GBP/USD M15 1 Min Observations A bit early but things might be Setting Up....... {image} {image}
GBP/USD Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Jan 24 Short Trade GBP_USD_20240102_07.03.png Size: 32 KB
  • #1,900
  • Jan 2, 2024 1:34am Jan 2, 2024 1:34am
Quoting stevepatt
{quote} GBP/USD Short Trade {image}

GBP/USD Short Trade Result (-0.8) Pips

Price Failed to make a New Lower Low and M15 Bullish Engulfing GET OUT

I would have been looking to go Long now but I'm off to Work
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2nd Jan 24 Short Trade Result GBP_USD_20240102_07.21.png Size: 39 KB
Click to Enlarge Name: 2nd Jan 24 M15 Observations GBP_USD_20240102_07.24.png Size: 32 KB
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