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My Line in the Sand

  • #581
  • Apr 24, 2017 10:09pm Apr 24, 2017 10:09pm
Quoting stevepatt
GBP/JPY H1/M5 Long Trade {image}
GBP/JPY H1/M5 Long Trade Result

(-15 Pips) (-1R)
  • #582
  • Edited 10:31pm Apr 24, 2017 10:10pm | Edited 10:31pm
GBP/JPY H1/M5 Long Trade
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  • #583
  • Apr 25, 2017 9:13pm Apr 25, 2017 9:13pm
Quoting stevepatt
GBP/JPY H1/M5 Long Trade {image}

GBP/JPY H1/M5 Long Trade Result

+22.5 Pips +1.5R
Attached Image (click to enlarge)
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  • #584
  • Apr 25, 2017 9:13pm Apr 25, 2017 9:13pm
GBP/JPY M5 Observations
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  • #585
  • Apr 25, 2017 11:23pm Apr 25, 2017 11:23pm
GBP/JPY H1/M5 Long Trade
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  • #586
  • Apr 25, 2017 11:48pm Apr 25, 2017 11:48pm
Quoting stevepatt
GBP/JPY H1/M5 Long Trade {image}
GBP/JPY H1/M5 Long Trade Result

There is a Level of Sellers around 143.000
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  • #587
  • Apr 25, 2017 11:57pm Apr 25, 2017 11:57pm
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade Result There is a Level of Sellers around 143.000 {image}

GBP/JPY H1 Observations

When it goes up BUY when it stops going up prepare to SELL.

If the Market breaks above 143.000 and we get a Test and PA continue Long

A Break below H1 Structure and H1 10 SMA look for a PullBack to Structure and PA on M5 to go Short.
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  • #588
  • Apr 26, 2017 9:54am Apr 26, 2017 9:54am
GBP/JPY H1/M5 Long Trade
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  • #589
  • Apr 26, 2017 2:03pm Apr 26, 2017 2:03pm
just my 2pence worth on GBPJPY
Could we be seeing resistance and round number,,,,short at 143.000
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  • #590
  • Apr 26, 2017 2:46pm Apr 26, 2017 2:46pm
Quoting devontrader
just my 2pence worth on GBPJPY Could we be seeing resistance and round number,,,,short at 143.000 {image} {image}

It's a matter of waiting for the Market to PullBack to Structure and looking for PA, on M5, to Short.

Patience is key.

Pity, I'll probably be sleeping when/if this plays out.
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  • #591
  • Apr 26, 2017 10:56pm Apr 26, 2017 10:56pm
Quoting stevepatt
{quote} It's a matter of waiting for the Market to PullBack to Structure and looking for PA, on M5, to Short. Patience is key. Pity, I'll probably be sleeping when/if this plays out. {image}
The Market leads we can only follow.

GBP/JPY H1 Observations

If the Market fails to Break above 143.200, creating a LH, and Breaks below 142.800 Probabilities are we will see the Market Break through 142.500.
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  • #592
  • Apr 27, 2017 9:09am Apr 27, 2017 9:09am
GBP/JPY H1 Observations
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  • #593
  • Apr 27, 2017 9:13am Apr 27, 2017 9:13am
Quoting stevepatt
{quote} The Market leads we can only follow. GBP/JPY H1 Observations If the Market fails to Break above 143.200, creating a LH, and Breaks below 142.800 Probabilities are we will see the Market Break through 142.500. {image}

Missed these opportunities to go Long above 143.200
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  • #594
  • Apr 27, 2017 10:13am Apr 27, 2017 10:13am
Quoting stevepatt
{quote} Missed these opportunities to go Long above 143.200 {image}
GBP/JPY H1/M5 Short Trade
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  • #595
  • Apr 29, 2017 6:40am Apr 29, 2017 6:40am
This video is well worth watching it explains to some degree how Bank Traders Operate within the Forex Market.

The audio quality is crap but stick with it.

Inserted Video
  • #596
  • Apr 30, 2017 11:31am Apr 30, 2017 11:31am
GBP/JPY H1 Observations

Bank Traders have Levels they want to Trade at but it's their Customer Order Flows that dictate the Trade Levels.

Significant Levels of Stops are Targeted for their Liquidity.

75% of the Trades the Banks facilitate for their Customers are losers, for them, because of the tight Spreads they are forced to use because of inter Bank Competition for Customers.

The Banks benefit from the Knowledge they gain from placing BIG Orders for their Customers.

They know if they are placing a BIG Buy or Sell Order for a Customer it will push the Market up or down and they will piggy back by Trading, themselves, along side the BIG Customer.

All I can do is BUY the Dips when it's going up and SELL the Rallies when it's going down.
Attached Image (click to enlarge)
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  • #597
  • Apr 30, 2017 9:33pm Apr 30, 2017 9:33pm
GBP/JPY H1 Observations
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  • #598
  • May 1, 2017 12:18am May 1, 2017 12:18am
Quoting stevepatt
GBP/JPY H1 Observations {image}

GBP/JPY H1/M5 Long Trade

The market goes up I Buy the Dip
Attached Image (click to enlarge)
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  • #599
  • May 1, 2017 4:47am May 1, 2017 4:47am
Quoting stevepatt
{quote} GBP/JPY H1/M5 Long Trade The market goes up I Buy the Dip {image}
GBP/JPY H1/M5 Long Trade Result

If the Market isn't doing what you expect it's better to exit.

Bank Holidays don't help when Trading.
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  • #600
  • May 1, 2017 8:18am May 1, 2017 8:18am
GBP/JPY H1/M5 Short Trade
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