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stevepatt replied Jan 7, 2015Here's an up date of the AUD/JPY Trade. Yesterday we saw a Test of my entry point fortunately, for me, there was Bearish Momentum we are now seeing a Test of that H4 Bearish Momentum. I've still got a 2:1 Risk Reward Ratio for this Trade. The ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Jan 7, 2015Hi birdnest; MRAH means Most Recent Active High it's the last proven Bullish Swing Point on the H1 TF.
Trading Made Simple
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stevepatt replied Jan 7, 2015Hi birdnest; You need to be aware of Market Structure is the Longer Term Trend Bullish or Bearish? In this the case the Longer Term Trend is Bearish so we need to be looking for Bullish Pullbacks in the Longer Term Bearish Trend. It's during these ...
Trading Made Simple
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stevepatt replied Jan 7, 2015NZD/USD H4 Bearish Trade I've taken a couple of Short Trades on this pair one partially successful and one at BE so it's time for another attempt. The Market has been forming a Daily Bearish Wedge since October. I hope the chart below explains ...
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Jan 7, 2015Hi Purec; I know it's hard but can you post a chart of the losing Trade please. If you have taken a bigger than usual loss it means, one of three things, you have been over leveraging your account, or you increased your lot size for that trade or ...
Nihilist Forex Indicators
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stevepatt replied Jan 6, 2015Hi sj; Thanks for your response. It's taken me a while for everything to fall into place. The first thread I read on FF was Eelfranz's Craig Harris Stochastic Method and then started here when Eelfranz opened this thread but I was looking for more ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi montego; Check these images again Post 48,669 look for the market to come back and test Swing Points see the Blue rectangles. Big Round Numbers and Round Numbers also have a lot of activity around them. These Levels are natural areas for ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi sj; What sort of Risk to Reward do you average Trading that way? I think, it depends on the size of lots we are Trading that will determine how we Trade. If I remember correctly Eelfranz was Trading at $10 a pip and naturally he was reluctant to ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi sj; Getting into Trades I now find the "easy" bit, it's Managing the Trade once I'm in that I now find the "hard" bit. My biggest failing is becoming too attached to my Trade, my Stop Loss is always set in STONE once set I never extend it but I ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi montego; If you look at being 5 pips plus spread above that Swing Point
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi montego; I'd be placing my SL above the MRAH, because if the Market breaks above the MRAH my H4 Bias would shift to Bullish, and looking at the Swing Low for a possible TP as long as I was making at least 1:1 Risk to Reward
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi Eod; I never make Market Predictions I only go where the Markets Lead me.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Jan 6, 2015Hi jazzclef; Still in AUD/JPY Trade but it's turning on me at the moment going to be crunch time later in the day.
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Jan 6, 2015Hi montego; Trading with the Trend will never be a bad decision. The closer you are to a change in Market Structure the Stronger your chance of success with a Trade. I hope the charts below show how Market Structure can be Traded by just looking for ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Hi MrAussieFX; This is one point I keep making, as you say, it's vital to be aware of Market Structure wether you are Trading Naked or with Indicators. The more "Edge" you have, on your side, when taking a Trade the more successful your Trading will ...
Trading Made Simple
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stevepatt replied Jan 6, 2015Taken out of this Trade at +6 pips +0.08R. I really mustn't ignore the Strong Weekly Swing Points, this Trade had gone to +120 pips +1.5R. The AUD/JPY Trade is still running Post 74
MultiTimeFrame Trend Trading with Price Action
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stevepatt replied Jan 5, 2015Hi toksy; The chart below, I hope, demonstrates what to look for. It's important to allow a trend to be in place before looking for Pullbacks during the Pullbacks you need to be watching the Indicators, you use, to get you into Trades that are in ...
Trading Made Simple
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stevepatt replied Jan 5, 2015Hi montego; It's nothing that hasn't been said here many times before but it works. The only other considerations are making sure you Risk less than you can potentially make as a Reward and making sure not to enter a Short Trade at Support or a Long ...
Trading Made Simple
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stevepatt replied Jan 5, 2015Hi montego; If you are Trading H4 then check the Primary Trend is on D1 and W1. The best way to determine the Trend is my using Market Structure L HH HL / H LL LH. Sell the Rallies in a Bearish Trend Buy the Dips in a Bullish Trend. Simple is ...
Trading Made Simple
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stevepatt replied Jan 5, 2015Hi sj; Thanks for the vote of confidence. All I can bring is my way of Trading because I don't Trade using TMS Indicators any more. But it doesn't matter whether you use Indicators or no Indicators at all, all you have to do is TRADE WITH THE ...
Trading Made Simple