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My Line in the Sand

  • #161
  • Oct 4, 2016 1:18am Oct 4, 2016 1:18am
Quoting stevepatt
{quote} GBP/JPY M5 Observations The Market has now closed any Gaps left in yesterdays Bearish move. {image}

GBP/JPY M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Oct 16 GBP:JPY M5 Observations 2.png Size: 121 KB
  • #162
  • Oct 4, 2016 8:40am Oct 4, 2016 8:40am
Hi Steve,

I have loaded the the files/template but a little confused on Amplitude setting for both 5 & 15. Is it 5 = Amp 4 & 15 = Amp 2? Please verify, thanks and great trading plan and system very similar to what i have been using for awhile!
  • #163
  • Oct 4, 2016 10:43am Oct 4, 2016 10:43am
GBP/JPY M5 Short Trade

I've also marked changes in Structure and possible Trade Entires.
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Oct 16 GBP:JPY M5 Short Trade.png Size: 133 KB
  • #164
  • Oct 4, 2016 11:00am Oct 4, 2016 11:00am
Quoting stevepatt
GBP/JPY M5 Short Trade I've also marked changes in Structure and possible Trade Entires. {image}

GBP/JPY Short Trade Result

+2R +30 Pips +4%
Attached Image (click to enlarge)
Click to Enlarge Name: 4th oct 16 M5 GBP:JPY Short Trade Result.png Size: 114 KB
  • #165
  • Oct 4, 2016 11:07am Oct 4, 2016 11:07am
Quoting Miman
Hi Steve, I have loaded the the files/template but a little confused on Amplitude setting for both 5 & 15. Is it 5 = Amp 4 & 15 = Amp 2? Please verify, thanks and great trading plan and system very similar to what i have been using for awhile!
Hi Miman,

I've adapted how I use the HalfTrend and now only use it on M5 with the Amplitude set to 4.

I'm not even waiting for it to change colour any more my Trades are more dependent on Market Structure and PA. See Trade above.

I hope you find what I am doing helpful.

Feel free to post a chart
  • #166
  • Oct 4, 2016 2:29pm Oct 4, 2016 2:29pm
Thanks
  • #167
  • Oct 5, 2016 1:12am Oct 5, 2016 1:12am
GBP/JPY M5 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Oct 16 GBP:JPY M5 Observations.png Size: 128 KB
  • #168
  • Oct 5, 2016 1:55am Oct 5, 2016 1:55am
Quoting stevepatt
GBP/JPY M5 Observations {image}
More GBP/JPY M5 Observations

Buyers get drawn in and then get Trapped on the wrong side of the Market.

Knowing when to stay out of the Market can be as profitable as knowing when to get in.

The Bearish move down is very Thin and Inefficient watch for a switch in Market Structure
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Oct 16 GBP:JPY M5 Observations 2.png Size: 137 KB
  • #169
  • Oct 5, 2016 4:32pm Oct 5, 2016 4:32pm
GBP/JPY M5 Observations

Market Inefficiencies always get filled.

An Inefficient Market will always return to a Level of Efficiency where the Market will once more start to Accumulate Orders for the next move.

Market Structure determines the direction of Accumulated Orders.
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Oct 16 GBP:JPY M5 Observations 4.png Size: 141 KB
  • #170
  • Oct 6, 2016 12:31am Oct 6, 2016 12:31am
GBP/JPY M5 Short Trade

I'm anticipating a further move down to fill the Inefficiency Gap left by yesterdays Bullish move
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Oct 16 GBP:JPY M5 Short Trade.png Size: 131 KB
  • #171
  • Oct 6, 2016 12:39am Oct 6, 2016 12:39am
Quoting stevepatt
{quote} GBP/JPY M5 Observations {image}
Hi Steve,

Which break are you referring to bro? Are you saying that you were waiting for the price action to break the previous swing low before you enter?

Zz
  • #172
  • Oct 6, 2016 1:08am Oct 6, 2016 1:08am
Quoting stevepatt
GBP/JPY M5 Observations Market Inefficiencies always get filled. An Inefficient Market will always return to a Level of Efficiency where the Market will once more start to Accumulate Orders for the next move. Market Structure determines the direction of Accumulated Orders. {image}
What do you mean by HTF fill Steve?

Zz
  • #173
  • Oct 6, 2016 1:11am Oct 6, 2016 1:11am
Quoting hishamzz
{quote} Hi Steve, Which break are you referring to bro? Are you saying that you were waiting for the price action to break the previous swing low before you enter? Zz

Hi Hishamzz,

The Bearish Engulfing Candle, with the Magneta Line at its base, was the Break I was referring to.

If there had been a Break of this Candle I would have Entered Short
  • #174
  • Oct 6, 2016 1:44am Oct 6, 2016 1:44am
Quoting stevepatt
GBP/JPY M5 Short Trade I'm anticipating a further move down to fill the Inefficiency Gap left by yesterdays Bullish move {image}

I'm out of this Trade for (-2.8) Pips

I'll post a chart later.

Hishmazz, I'll answer your question later
  • #175
  • Oct 6, 2016 4:54am Oct 6, 2016 4:54am
Quoting hishamzz
{quote} What do you mean by HTF fill Steve? Zz
I believe he means Higher Time Frame (Fill).
  • #176
  • Oct 6, 2016 10:17am Oct 6, 2016 10:17am
Quoting Miman
{quote} I believe he means Higher Time Frame (Fill).
 
Yes Miman.. That I do understand.. However which time frame and what exactly did he mean by fill is my question.. 
 
Zz
  • #177
  • Oct 6, 2016 10:59am Oct 6, 2016 10:59am
Quoting hishamzz
{quote} What do you mean by HTF fill Steve? Zz

Hi Hishamzz,

The HTF fill I was referring to was the H1 TF.

The Market is Fractal by Nature, which means it moves in the same way on all TFs.

The Market will make a New High and then drop back to fill the Gap, or it will become Inefficient which means the Buyers have control and will keep pushing the Market Higher until the Buy Orders are Consumed.

At this point the Market falls back to fill the Gap left by the Buyers.

Keep watching the Chris Lori videos to really get to understand this.

PS Look where the Sellers have been lurking.
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Oct 16 GBP:JPY H1 Observations.png Size: 171 KB
  • #178
  • Oct 6, 2016 1:02pm Oct 6, 2016 1:02pm
Quoting stevepatt
{quote} I'm out of this Trade for (-2.8) Pips I'll post a chart later. Hishmazz, I'll answer your question later

GBP/JPY M5 Short Trade Result

GBP/JPY M5 Long Trade Result

I exited the Short Trade, (-2.8) Pips, when Bearish momentum failed.

I Entered Long because of the shift from Bearish to Bullish Structure I exited with +2R +30 pips +4%
Attached Image (click to enlarge)
Click to Enlarge Name: 6th Oct 16 GBP:JPY M5 Long Trade Result.png Size: 160 KB
  • #179
  • Oct 7, 2016 1:02am Oct 7, 2016 1:02am
GBP/JPY M5 Observations

An example of an extreme Inefficiency, but this is how every Inefficiency, big and small, plays out.

It also shows why I like to enter Short term Trades.

Anybody in a long term Long Position would have been hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 7th Oct 16 GBP:JPY M5 Observations.png Size: 150 KB
  • #180
  • Oct 7, 2016 2:31am Oct 7, 2016 2:31am
Quoting stevepatt
GBP/JPY M5 Observations An example of an extreme Inefficiency, but this is how every Inefficiency, big and small, plays out. It also shows why I like to enter Short term Trades. Anybody in a long term Long Position would have been hit. {image}
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