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Break Through Trading

  • #101
  • Oct 5, 2024 5:25am Oct 5, 2024 5:25am
Quoting stevepatt
US Tech 100 15M Chart (Could be any Chart) {image}
US Tech 100 15M and 1MIN Charts
Attached Image(s) (click to enlarge)
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  • #102
  • Oct 5, 2024 12:20pm Oct 5, 2024 12:20pm
Quoting stevepatt
{quote} US Tech 100 15M and 1MIN Charts {image} {image}
US Tech 100 M15 M5 and 1 Min Charts

Lets take a look at Tuesday 1st Oct
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US Tech 100 Cash (£1)_20241005_17.16.png Size: 49 KB
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  • #103
  • Oct 5, 2024 12:48pm Oct 5, 2024 12:48pm
Quoting stevepatt
{quote} US Tech 100 M15 M5 and 1 Min Charts Lets take a look at Tuesday 1st Oct {image} {image} {image}
Lets take a look at Wednesday 2nd Oct. M15 Chart

Check out the M5 and 1 Min Charts yourselves
Attached Image (click to enlarge)
Click to Enlarge Name: US Tech 100 Cash (£1)_20241005_18.31.png Size: 43 KB
  • #104
  • Oct 5, 2024 1:45pm Oct 5, 2024 1:45pm
Quoting stevepatt
{quote} Lets take a look at Wednesday 2nd Oct. M15 Chart Check out the M5 and 1 Min Charts yourselves {image}
Here's Thursday 3rd Oct and Friday 4th Oct
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US Tech 100 Cash (£1)_20241005_18.49.png Size: 50 KB
Click to Enlarge Name: US Tech 100 Cash (£1)_20241005_19.01.png Size: 45 KB
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  • #105
  • Oct 5, 2024 2:19pm Oct 5, 2024 2:19pm
An interesting approach to trading. Subscribed!
  • #106
  • Oct 6, 2024 12:56am Oct 6, 2024 12:56am
Quoting stevepatt
{quote} Here's Thursday 3rd Oct and Friday 4th Oct {image} {image} {image}
Hi Steve

I trade US Tech on Friday like I do every other day on M1 (NQ Futures Markets) and the bullish move up was on NO bullish Buying pressure. It was about half the volume we would expect to see this good move up to 20050.
Therefore like you used the terms "migrated", it was a liquidity run by Algo's to close out any "incomplete auctions" up to your Wednesdays level.
The way back down was on heavy volume where I took a few trades in that circle area but I failed to ride the bus down to the bottom.

I enjoy your charts

Cheers
Trading thin liquidity at the boundary of the charts
  • #107
  • Oct 6, 2024 3:04am Oct 6, 2024 3:04am
Quoting RickM
{quote} Hi Steve I trade US Tech on Friday like I do every other day on M1 (NQ Futures Markets) and the bullish move up was on NO bullish Buying pressure. It was about half the volume we would expect to see this good move up to 20050. Therefore like you used the terms "migrated", it was a liquidity run by Algo's to close out any "incomplete auctions" up to your Wednesdays level. The way back down was on heavy volume where I took a few trades in that circle area but I failed to ride the bus down to the bottom. I enjoy your charts Cheers

Hi Rick,

I don't actually Trade US Tech 100 it was just an Example Chart.
The word "Mitigated" is used by a lot of Traders but how many "Traders" actually understand the Mechanics of Price Movement?
I certainly don't understand all the Mechanics involved within Prices movement.
I do have eyes though, I can see how Price moves in a Consistant way that can be Read and acted upon without Fully Understanding the reasoning behind its movement.
How have you gained the depth of knowledge you have on Price Movement?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US Tech 100 Cash (£1)_20241006_08.06.png Size: 52 KB
Click to Enlarge Name: US Tech 100 Cash (£1)_20241006_08.32.png Size: 41 KB
  • #108
  • Oct 6, 2024 8:50am Oct 6, 2024 8:50am
GP/USD M15 Charts

I Trade Intra Day so I am only looking for Short Term Trades.

This approach doesn't suit everyone

One of the first things you need to do is figure out the type of Trader you want to be.

So, how much Information is needed to make a Trade Decision?

Personally I don't look any further than the previous Day.

Again, this won't suit everyone.

The best Indicator for Prdicting Price is our eyes, so much can be learnt from Price Struvture and how Price moves from one day into the next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241006_13.27.png Size: 54 KB
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  • #109
  • Oct 6, 2024 12:56pm Oct 6, 2024 12:56pm
Quoting stevepatt
GP/USD M15 Charts I Trade Intra Day so I am only looking for Short Term Trades. This approach doesn't suit everyone One of the first things you need to do is figure out the type of Trader you want to be. So, how much Information is needed to make a Trade Decision? Personally I don't look any further than the previous Day. Again, this won't suit everyone. The best Indicator for Prdicting Price is our eyes, so much can be learnt from Price Struvture and how Price moves from one day into the next {image} {image} {image} {image} {image}
nice chart and well explained.....
u have improved a lot..
'The best indicator is our eyes'
This approach is not easy, need hundred hours watching price moves up and down in lower timeframe..
To observe how price plays at certain level - test/reject/retest/penetrate/inefficiency...the same mechanics happen everyday.
Learn this skill plus good money management; trading will be a profitable and enjoyable activity
  • #110
  • Oct 6, 2024 7:42pm Oct 6, 2024 7:42pm
Quoting senjamerah
{quote} nice chart and well explained..... u have improved a lot.. 'The best indicator is our eyes' This approach is not easy, need hundred hours watching price moves up and down in lower timeframe.. To observe how price plays at certain level - test/reject/retest/penetrate/inefficiency...the same mechanics happen everyday. Learn this skill plus good money management; trading will be a profitable and enjoyable activity
Could you please write how you start to look on your chat, time frames and entry.
i am trading for last 13 years but still a looser.
  • #111
  • Oct 7, 2024 1:06am Oct 7, 2024 1:06am
Quoting BDfx77
{quote} Could you please write how you start to look on your chat, time frames and entry. i am trading for last 13 years but still a looser.
Hi BD,

Start with Market Structure it will show you Market Intent
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241007_06.49.png Size: 43 KB
  • #112
  • Oct 7, 2024 1:36am Oct 7, 2024 1:36am
Watch Stoic's Youtube Channel if you can relate to Shorter Time Frame Trading it will help a lot more than I can

https://www.youtube.com/@StoicTA/videos
  • #113
  • Oct 7, 2024 10:37am Oct 7, 2024 10:37am
GBP/USD M15 M1 Limit Long Trade @ 1.30764
Attached Image (click to enlarge)
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  • #114
  • Oct 7, 2024 11:11am Oct 7, 2024 11:11am
Quoting stevepatt
GBP/USD M15 M1 Limit Long Trade @ 1.30764 {image}
GBP/USD M15 M1 Possible Trades today using Stoics Method as detailed in his last Video
Attached Image(s) (click to enlarge)
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  • #115
  • Oct 7, 2024 11:23am Oct 7, 2024 11:23am
Quoting stevepatt
GBP/USD M15 M1 Limit Long Trade @ 1.30764 {image}

GBP/USD M15 M1 Limit Long Trade Hit Tareget 1:1 RR

I've only recently started to use this Method it works well and fits so well with my own Method of Trading but this is so much easier being completely Mechanical.

Watch Stoic's Video and do your own due DILIGENCE
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241007_17.14.png Size: 71 KB
  • #116
  • Oct 7, 2024 11:47am Oct 7, 2024 11:47am
GBP/USD M15 OBSERVATIONS

For anyone wanting to Trade Learn to Read Market Structure.

Once you have you will be able to see Market Intent
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241007_17.27.png Size: 47 KB
  • #117
  • Oct 7, 2024 1:11pm Oct 7, 2024 1:11pm
GBP/USD M15 1 Min Buy Limit @ 1.30829
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241007_19.05.png Size: 54 KB
  • #118
  • Oct 8, 2024 1:36am Oct 8, 2024 1:36am
Quoting stevepatt
GBP/USD M15 1 Min Buy Limit @ 1.30829 {image}

GBP/USD Losing Long Trade

GBP/USD Observations for Tuesday 8th Oct.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241008_07.12.png Size: 41 KB
  • #119
  • Oct 8, 2024 9:55am Oct 8, 2024 9:55am
GBP/USD M15 M1 Pending Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241008_15.49.png Size: 60 KB
  • #120
  • Oct 8, 2024 10:21am Oct 8, 2024 10:21am
Quoting stevepatt
GBP/USD M15 M1 Pending Short Trade {image}
GBP/USD M15 Observations

Without Market Structure I wouldn't have a clue what Price was doing
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20241008_15.56.png Size: 67 KB
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