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Intraday Observations

  • #81
  • Dec 17, 2015 11:51am Dec 17, 2015 11:51am
Quoting stevepatt
{quote} Hi Dave; If it helps, that's fine. I'd rather stick to Trading from one Zone of Liquidity to the next.
Sorry Steve , been reading the other thread you follow since my post to you, can now see what you are up to, seems spot on best of luck
  • #82
  • Dec 17, 2015 3:31pm Dec 17, 2015 3:31pm
Quoting stevepatt
{quote} Always wait for the Market to come to you don't Trade mid Swing {image}

Intraday Observations for Thursday 17th Dec

No Trades for me today
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Dec 15 EUR:USD H1 Chart 2.png Size: 98 KB
  • #83
  • Dec 19, 2015 8:47am Dec 19, 2015 8:47am
Intraday Observations for Friday 18th Dec

I didn't take any Trades yesterday although I came close DUH!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19th Dec 15 EUR:USD H1 Chart.png Size: 151 KB
Click to Enlarge Name: 19th Dec 15 EUR:USD M5 Chart.png Size: 121 KB
  • #84
  • Dec 21, 2015 2:36am Dec 21, 2015 2:36am
EUR/USD H1/M5 Short Trade

I've moved the Stop to BE I'm watching the bottom of Asian Session for TP 3Rish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21st Dec 15 EUR:USD H1 Chart.png Size: 86 KB
Click to Enlarge Name: 21st Dec 15 EUR:USD M5 Chart.png Size: 94 KB
  • #85
  • Dec 21, 2015 10:21am Dec 21, 2015 10:21am
Quoting stevepatt
EUR/USD H1/M5 Short Trade I've moved the Stop to BE I'm watching the bottom of Asian Session for TP 3Rish {image} {image}

TP of 3R hit whilst I was out.

Entered another Short Trade as the Bid side of the Book was getting thin it didn't reach my TP of 2R.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Dec 15 EUR:USD M5 Chart 2.png Size: 127 KB
  • #86
  • Dec 21, 2015 4:56pm Dec 21, 2015 4:56pm
Intraday Observations for Tuesday 22nd Dec
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Dec 15 EUR:USD H1 Chart 2.png Size: 136 KB
  • #87
  • Dec 22, 2015 5:19am Dec 22, 2015 5:19am
Quoting stevepatt
Intraday Observations for Tuesday 22nd Dec {image}

EUR/USD H1/M5 Short Trade

Weekly and Daily Highs and Lows are always good to spot setups
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Dec 15 EUR:USD M5 Chart.png Size: 117 KB
  • #88
  • Dec 22, 2015 10:12am Dec 22, 2015 10:12am
Quoting stevepatt
{quote} EUR/USD H1/M5 Short Trade Weekly and Daily Highs and Lows are always good to spot setups {image}
Exited this Trade at BE, I could see i was wrong with this Trade it was filling a gap before continuing Long.

Entered another Short Trade at H1 Support/Resistance Level I'm at BE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22nd Dec 15 EUR:USD H1 chart.png Size: 101 KB
Click to Enlarge Name: 22nd Dec 15 EUR:USD M5 Chart 2.png Size: 96 KB
  • #89
  • Dec 22, 2015 10:29am Dec 22, 2015 10:29am
Quoting stevepatt
{quote} Exited this Trade at BE, I could see i was wrong with this Trade it was filling a gap before continuing Long. Entered another Short Trade at H1 Support/Resistance Level I'm at BE {image} {image}

Exited for 1R I was looking for 3R but when the Market started to turn on me I exited.
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Dec 15 EUR:USD M5 Chart 3.png Size: 89 KB
  • #90
  • Dec 22, 2015 12:38pm Dec 22, 2015 12:38pm
Something to be aware of is wether we are Trading in an Efficient Market or an Inefficient Market.

An Inefficient Market leaves plenty of room to trade into this is worth remembering.
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Dec 15 EUR:USD M5 Chart 4.png Size: 109 KB
  • #91
  • Dec 22, 2015 2:13pm Dec 22, 2015 2:13pm
Quote
Exited for 1R I was looking for 3R but when the Market started to turn on me I exited.

Hi Steve,

Nice trade, you were right on the direction at that level, it continued nicely, shame you didn't ride it down.

Dare I ask Steve, do you focus all your analysis on the EU, if so is that because of the pairs volume it gets?

Thanks
  • #92
  • Dec 22, 2015 2:50pm Dec 22, 2015 2:50pm
Quoting JaguarJaguar
{quote} Hi Steve, Nice trade, you were right on the direction at that level, it continued nicely, shame you didn't ride it down. Dare I ask Steve, do you focus all your analysis on the EU, if so is that because of the pairs volume it gets? Thanks
Hi Mark;

For this Trade, to have survived, I would not have been able to move my Stop Loss to BE.

For this Trade it would have worked but for this type of Trading, in the long run, it's better to move my SL to BE. Look at my earlier Trade today that would have been a loser if I had let it run.

Because I'm Trading M5 I focus all my attention on the EUR/USD it's the pair I've been Trading longest and I know it's eccentricities the best.

I'm still getting to grips with this type of Trading as I gain in experience I might add another pair but to be honest I'm finding enough Trades on one pair.
  • #93
  • Dec 22, 2015 3:56pm Dec 22, 2015 3:56pm
Quote
but to be honest I'm finding enough Trades on one pair.

Hi Steve,

Yeah I must admit, when I was more focused on learning various systems and methods
I stuck with the EU, I felt I found it less violent than some other pairs, on some occasions
the range becomes very low, but I suppose that's true of other pairs too on certain days.

I have been trading the DOW more lately, I am trying to tame this bad boy, it has a wicked
temper on certain days!

Anyway I am happy to keep learning from you, it's certainly opened my eyes the a few things
I maybe should have been aware of but wasn't.

Have a great evening.
  • #94
  • Dec 27, 2015 5:35am Dec 27, 2015 5:35am
EUR/USD Observations for 28th Dec. 15

The Market is in the middle of a Swing High/Low with Buy Stops above, the Swing, and Sell Stops below.

The Stops, building up, on either side of the Daily Swing doesn't happen by chance there's reasoning behind it.

I don't know when but those Stops are going to be hunted for the Liquidity they provide.
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Dec 15 EUR:USD D1 Chart.png Size: 117 KB
  • #95
  • Dec 27, 2015 7:33am Dec 27, 2015 7:33am
Quoting stevepatt
EUR/USD Observations for 28th Dec. 15 The Market is in the middle of a Swing High/Low with Buy Stops above, the Swing, and Sell Stops below. The Stops, building up, on either side of the Daily Swing doesn't happen by chance there's reasoning behind it. I don't know when but those Stops are going to be hunted for the Liquidity they provide. {image}
Just by adding previous Monthly / Weekly / Daily / High and Low and adding additional H1 levels I have a good framework to base my Trading around.

Looks like Thursday and the Weekly Highs will be the first Levels of Interest next Week.
Attached Image (click to enlarge)
Click to Enlarge Name: 27th Dec 15 EUR:USD H1 Chart.png Size: 135 KB
  • #96
  • Dec 27, 2015 10:16am Dec 27, 2015 10:16am
Quoting stevepatt
{quote} Just by adding previous Monthly / Weekly / Daily / High and Low and adding additional H1 levels I have a good framework to base my Trading around. Looks like Thursday and the Weekly Highs will be the first Levels of Interest next Week. {image}
there been a deep retracement from week low up to the high....chances are no new low.unless news pushes it down.Key levels are last weeks high and low.Could be a test of the highs then a retrace be fore.new structure highWe will see
  • #97
  • Dec 28, 2015 3:32pm Dec 28, 2015 3:32pm
Quoting stevepatt
EUR/USD Observations for 28th Dec. 15 The Market is in the middle of a Swing High/Low with Buy Stops above, the Swing, and Sell Stops below. The Stops, building up, on either side of the Daily Swing doesn't happen by chance there's reasoning behind it. I don't know when but those Stops are going to be hunted for the Liquidity they provide. {image}

Observations for Monday 28th Dec.

I hope the Charts make it clear what I'm looking at.

The different TFs are Fractal in nature and you will see the same pattern repeated on each TF only on a smaller scale as you drop down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 28th Dec 15 EUR:USD D1 Chart.png Size: 97 KB
Click to Enlarge Name: 28th Dec 15 EUR:USD H4 Chart.png Size: 147 KB
Click to Enlarge Name: 28th Dec 15 EUR:USD H4 Chart 2.png Size: 100 KB
Click to Enlarge Name: 28th Dec 15 EUR:USD H1 Chart.png Size: 157 KB
  • #98
  • Dec 29, 2015 6:31am Dec 29, 2015 6:31am
Quoting stevepatt
{quote} Observations for Monday 28th Dec. I hope the Charts make it clear what I'm looking at. The different TFs are Fractal in nature and you will see the same pattern repeated on each TF only on a smaller scale as you drop down. {image} {image} {image} {image}
EUR/USD H1 Short Trade

This is counter to the Daily Bullish Structure.

You can see how the Market has reacted at this Level in the recent past.

I think the Institutions are looking to drop the Market back to where they have Accumulated Buy Orders in the past, so it is a Level that has been seen as Value for Buying in the recent past.

Institutions don't just keep Buying they want to Buy where it's cheap for them to do so.

It's this that causes the Market to move in a Step Structure because Institutions are looking to Accumulate Orders at Value.

I'm looking for Zones where Institutions have found Value in the past and using them as targets for my Trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Dec 15 EUR:USD H1 Chart.png Size: 99 KB
  • #99
  • Dec 29, 2015 8:04am Dec 29, 2015 8:04am
Quoting stevepatt
{quote} EUR/USD H1 Short Trade This is counter to the Daily Bullish Structure. You can see how the Market has reacted at this Level in the recent past. I think the Institutions are looking to drop the Market back to where they have Accumulated Buy Orders in the past, so it is a Level that has been seen as Value for Buying in the recent past. Institutions don't just keep Buying they want to Buy where it's cheap for them to do so. It's this that causes the Market to move in a Step Structure because Institutions are looking to Accumulate Orders at...
EUR/USD H1 Short Trade

Exit +61 pips +5R

It doesn't take long when you Trade with the Institutions.

I've just got to keep repeating the Institutions Business Model.
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Dec 15 EUR:USD H1 Chart 2.png Size: 117 KB
  • #100
  • Dec 29, 2015 8:30am Dec 29, 2015 8:30am
Quote
EUR/USD H1 Short Trade

Exit +61 pips +5R

It doesn't take long when you Trade with the Institutions.

I've just got to keep repeating the Institutions Business Model.

Hey Steve,

Been following your comments the last two to three days, great trade today buddy,
You are reading this baby pretty good at the minute, you are like an orchestra maestro!!

So you see the move up again now from this level?

Cheers
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