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TRD

  • #2,721
  • May 17, 2016 1:25am May 17, 2016 1:25am
Quoting stevepatt
{quote} GBP/USD Sell Trade Result There has been a 97 pip Bullish move during the Asian session which is exceptional. This won't stop me continuing to Trade this Setup. {image}
consistency is good
In the end its just a stupid numbers game
  • #2,722
  • Edited 2:11am May 17, 2016 1:45am | Edited 2:11am
GBP/USD Level of Buy Stops at 1.4530 to 1.4550

Also keep an eye on EUR/GBP and the US Dollar Index

Hi Danika,

We have to keep doing what we know ,on average, will bring us results todays Asian Range was not average.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 16 GBP:USD H1 Observations.png Size: 136 KB
  • #2,723
  • May 17, 2016 2:11am May 17, 2016 2:11am
Quoting stevepatt
{quote} GBP/USD Sell Trade Result There has been a 97 pip Bullish move during the Asian session which is exceptional. This won't stop me continuing to Trade this Setup. {image}
Good to stick with a functional strategy, Steve.
Do your homework, follow the footprints of smart money
  • #2,724
  • May 17, 2016 3:34am May 17, 2016 3:34am
Quoting stevepatt
GBP/USD Level of Buy Stops at 1.4530 to 1.4550 Also keep an eye on EUR/GBP and the US Dollar Index Hi Danika, We have to keep doing what we know ,on average, will bring us results todays Asian Range was not average. {image}
I actually hoped that that buy stops spiked at the CPI release, but it doesn't happen
In the end its just a stupid numbers game
  • #2,725
  • May 17, 2016 6:10am May 17, 2016 6:10am
Quoting stevepatt
EUR/USD D1 Observations Let me know if the D1 Chart, below, helps to Frame the Market. I just want to know if anyone finds it constructive or are confused by what I'm looking at. {image}
Hi Steve,

All the S and B are your Sell and Buy orders. If there was an Impulsive Buy or Sell in levels we can go for a Buy or Sell orders. Please clarify
  • #2,726
  • May 17, 2016 9:25am May 17, 2016 9:25am
Quoting ramkirshnava
{quote} Hi Steve, All the S and B are your Sell and Buy orders. If there was an Impulsive Buy or Sell in levels we can go for a Buy or Sell orders. Please clarify

Hi Ramkirshnava;

When I see the Market return to the Candles I have highlighted with a B or S I look for PA on lower TFs to take Trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 16 EUR:USD D1 Clarification.png Size: 463 KB
  • #2,727
  • May 17, 2016 10:39am May 17, 2016 10:39am
Quoting stevepatt
EUR/USD Frame Work for next Week Has anybody else got any ideas on how they would Frame the Market? See this Post 2,698 in reference to the 15M Chart below. {image} {image} {image} {image} {image}

EUR/USD Sell Trade

I haven't set a definite TP for this Trade yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 16 EUR:USD H1 Sell Trade .png Size: 130 KB
  • #2,728
  • May 17, 2016 11:09am May 17, 2016 11:09am
Quoting stevepatt
{quote} Hi Ramkirshnava; When I see the Market return to the Candles I have highlighted with a B or S I look for PA on lower TFs to take Trades. {image}
Thanks Steve
  • #2,729
  • May 17, 2016 11:45am May 17, 2016 11:45am
Quoting ramkirshnava
{quote} Thanks Steve
Glad it helped.
  • #2,730
  • May 17, 2016 12:19pm May 17, 2016 12:19pm
Quoting stevepatt
{quote} EUR/USD Sell Trade I haven't set a definite TP for this Trade yet. {image}

EUR/USD M15 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 16 EUR:USD M15 Observations.png Size: 112 KB
  • #2,731
  • May 17, 2016 12:21pm May 17, 2016 12:21pm
Quoting stevepatt
{quote} Glad it helped.
Steve,

How can we get that Daily Range in our chart. Your explanations makes sense.
But still I am facing trouble while I try to replicate the same in my chart. This is due to lack of knowledge in that. Checking all your old charts posted in this forum to grasp the knowledge. So that I will get more confidence in this.
  • #2,732
  • May 17, 2016 1:59pm May 17, 2016 1:59pm
Quoting stevepatt
{quote} EUR/USD M15 Observations {image}

EUR/USD H1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 16 EUR:USD H1 Observations.png Size: 153 KB
  • #2,733
  • May 17, 2016 11:38pm May 17, 2016 11:38pm
Quoting stevepatt
{quote} EUR/USD H1 Observations {image}

EUR/USD H1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 18th May 16 EUR:USD H1 Observations.png Size: 142 KB
  • #2,734
  • May 18, 2016 1:27am May 18, 2016 1:27am
Quoting stevepatt
{quote} EUR/USD H1 Observations {image}

EUR/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 18th May 16 EUR:USD M1 Observations.png Size: 109 KB
  • #2,735
  • May 18, 2016 1:40am May 18, 2016 1:40am
Quoting stevepatt
{quote} EUR/USD M1 Observations {image}
Great analysis. Do you also take note of BE stops, stops of HTF traders in your analysis?
  • #2,736
  • May 18, 2016 2:38am May 18, 2016 2:38am
Quoting bodring
{quote} Great analysis. Do you also take note of BE stops, stops of HTF traders in your analysis?

Hi Bodring;

Market Structure on HTFs determines Trade Bias, in this case Bearish.

Once we have determined a Level of Interest for taking Trades, see this Post 2,705 , we look ahead for areas where we can Anticipate resistance to our Trade decision.

We need to be wary at these areas because of the risk of Market Reversal.

Doing this also determines our Level to Take Profit.

Planning is everything I had this planned out from Fridays Close.
Attached Image (click to enlarge)
Click to Enlarge Name: 18th May 16 EUR:USD H4 Observations.png Size: 147 KB
  • #2,737
  • May 18, 2016 7:12am May 18, 2016 7:12am
Hi Steve,


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 42 KB
  • #2,738
  • May 18, 2016 7:48am May 18, 2016 7:48am
Quoting ramkirshnava
Hi Steve, {image}
Agree. Need to be very cautious with the PA. But as of now there I do not see any interested buyers.
  • #2,739
  • May 18, 2016 8:57am May 18, 2016 8:57am
Quoting ramkirshnava
Hi Steve, {image}
Yes but needs a confirmation candle or drop down to a 4-hr or 1-hr chart for a bullish rejection set up.KP
Do your homework, follow the footprints of smart money
  • #2,740
  • May 18, 2016 9:08am May 18, 2016 9:08am
Quoting ramkirshnava
Hi Steve, {image}
Hi Ramkirshnava;

I hope the Charts below make sense to you.

I always found it very difficult to understand how other people where interpreting what they where seeing within the Charts.

It was only after I had gained a certain level of knowledge that I could start to understand how things worked and interpret them for myself, for example

Market Structure

What it truly means to be Trading in a Zero Sum Market. Who's taking the other side of my Trade am I Trading against Smart Money or Dumb Money.

Understanding the flow of the Market particularly one pair, for me that is EUR/USD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18th May 16 EUR:USD D1 Observations.png Size: 130 KB
Click to Enlarge Name: 18th May 16 EUR:USD H1 Observations.png Size: 138 KB
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