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1M Price Action System

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  • #21
  • Dec 20, 2020 8:25am Dec 20, 2020 8:25am
Quoting D1n3r0
Here’s examples of last week. By my calculations on my entries this would of yielded 250 pips trading three times last week. I took two of these entries for 30 pips but that’s just my target. Look left at previous price structures and look for your possible target areas which should be the last Major area of support or resistance depending on the timeframe you are on. In this picture you’re looking left and that’s why I have the semafors on there. Now this is the only chart I’m going to send because I don’t like posting my charts because it’s comes...

yes but also remember that gbpusd is in a bullish trend atm.
  • #22
  • Dec 20, 2020 8:30am Dec 20, 2020 8:30am
Quoting PixelSniper
{quote} yes but also remember that gbpusd is in a bullish trend atm.
Well if you look at a few posts back i stated that 1.42 should be the next area because that’s the area we dropped from in 2007 so I agree we are in a bullish long term uptrend. Even still that was on a monthly chart. Market isn’t going to move in one direction everyday without a retracement. Retracement is a divergence set up both ways for me. Even still we’re in a bullish trend and Friday we dropped 100 pips off of regular bearish divergence from the weekly highs. Remember I’m talking about getting 30 pips not an entire move.
  • #23
  • Dec 20, 2020 8:36am Dec 20, 2020 8:36am
Quoting D1n3r0
Here’s examples of last week. By my calculations on my entries this would of yielded 250 pips trading three times last week. I took two of these entries for 30 pips but that’s just my target. Look left at previous price structures and look for your possible target areas which should be the last Major area of support or resistance depending on the timeframe you are on. In this picture you’re looking left and that’s why I have the semafors on there. Now this is the only chart I’m going to send because I don’t like posting my charts because it’s comes...

Thank you for sharing your chart and thoughts, i prefer no indicators and pure price actions, divergence is only an indication of a setup may be forming and we need to see what price action is doing SL hunting / BOS and we will react accordingly.

I will keep sharing charts... as it is part of my learning as well.

Thank you again and keep sharing your knowledge.
"Exchange of hands"
  • #24
  • Dec 20, 2020 8:44am Dec 20, 2020 8:44am
Quoting bilal1947
{quote} Thank you for sharing your chart and thoughts, i prefer no indicators and pure price actions, divergence is only an indication of a setup may be forming and we need to see what price action is doing SL hunting / BOS and we will react accordingly. I will keep sharing charts... as it is part of my learning as well. Thank you again and keep sharing your knowledge.
Yeah I’ll probably have time for a few more posts then next Saturday I’ll check things out. Indicators guide me in my decision making. I see it this way. We have guys who are going to Ivy League schools to go sit and work at a desk and I’ve seen some of their computers and it’s full of stuff I can’t even read my thinking is yeah I could learn without the indicators but for me that’s what they’re there for to indicate us on a change. So to lump it up I’m just a trader that learned everything on my own with trial and error. These guys are using indicators work at a top trading firm and are Ivy League students. I want to use what they’re using because that’s where smart money is moving the markets and they’re using indicators to do it. I understand your reasoning so this isn’t any shade at all it’s just my style and helps me. For me it’s like a teacher giving an open book test and me not using the book and just taking the test. idk man I think crazy sometimes lol.
  • #25
  • Dec 20, 2020 8:52am Dec 20, 2020 8:52am
Sure i get it.

what is more comfortable and suits your trading style giving you edge over the years! and in the end what important is what keeps us profitable.

Keep sharing as per your convenience.
Thank you
"Exchange of hands"
  • #26
  • Dec 20, 2020 9:00am Dec 20, 2020 9:00am
Quoting D1n3r0
{quote} Well if you look at a few posts back i stated that 1.42 should be the next area because that’s the area we dropped from in 2007 so I agree we are in a bullish long term uptrend. Even still that was on a monthly chart. Market isn’t going to move in one direction everyday without a retracement. Retracement is a divergence set up both ways for me. Even still we’re in a bullish trend and Friday we dropped 100 pips off of regular bearish divergence from the weekly highs. Remember I’m talking about getting 30 pips not an entire move.
a very famous & accurate technical trader in my country also stated that gbpusd is going to reach 1.41.
  • #27
  • Dec 20, 2020 9:02am Dec 20, 2020 9:02am
Attached Image (click to enlarge)
Click to Enlarge Name: GBGPUSD 20201220.JPG Size: 128 KB
"Exchange of hands"
  • #28
  • Dec 20, 2020 9:08am Dec 20, 2020 9:08am
Quoting PixelSniper
{quote} a very famous & accurate technical trader in my country also stated that gbpusd is going to reach 1.41.
Yes that is quite possible unless the CORONA vaccine turns out to be very effective and it vanish it in another six months then USD can become bullish against and whole scenario changes then till then all foreign currencies including Gold will remain bullish.

and convergence/hidden divergence will be very helpful guys follow the trend a hidden divergence on a higher time frame is also a divergence in lower time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: GBGPUSD 20201220 weekly.JPG Size: 121 KB
"Exchange of hands"
  • #29
  • Dec 20, 2020 2:37pm Dec 20, 2020 2:37pm
Quoting D1n3r0
{quote} Yeah I’ll probably have time for a few more posts then next Saturday I’ll check things out. Indicators guide me in my decision making. I see it this way. We have guys who are going to Ivy League schools to go sit and work at a desk and I’ve seen some of their computers and it’s full of stuff I can’t even read my thinking is yeah I could learn without the indicators but for me that’s what they’re there for to indicate us on a change. So to lump it up I’m just a trader that learned everything on my own with...
If you do I would suggest you start a new thread instead of hijacking this one. I am interested and it would be easier to follow on a fresh thread with your indicators on the first post.
  • #30
  • Dec 20, 2020 3:23pm Dec 20, 2020 3:23pm
Quoting Azis1234
{quote} If you do I would suggest you start a new thread instead of hijacking this one. I am interested and it would be easier to follow on a fresh thread with your indicators on the first post.
Went ahead and deleted the post. Truth is I was too lazy to start a fresh chart because I was already working on the chart so I posted it. The only thing I highlighted was using an oscillator because that’s all you truly need to trade divergence like the OP. The chart wasn’t meant to confuse people with indicators that’s why I highlighted each spot and used trend lines which doesn’t take all the indicators that I use. My posting was just to confirm that OP was on to something good and my 2 cents was just confirmation that they should follow what he posts so again only what I highlighted was relevant not the indicators that’s just there to help me not meant for anybody else nor did I promote anything outside what pops up on your chart the first time you download a new MT4 platform. You guys enjoy your holidays and good luck with the trading week.
  • #31
  • Dec 20, 2020 3:28pm Dec 20, 2020 3:28pm
Quoting Azis1234
{quote} If you do I would suggest you start a new thread instead of hijacking this one. I am interested and it would be easier to follow on a fresh thread with your indicators on the first post.
This is why I ignored this clown a long time ago,nobody is telling him anything and you all allow it,the more you reply don't be afraid to stand up and speak the right!

Bilal,clean up your thread man.
  • #32
  • Dec 20, 2020 3:41pm Dec 20, 2020 3:41pm
Quoting scsstnt
{quote} This is why I ignored this clown a long time ago,nobody is telling him anything and you all allow it,the more you reply don't be afraid to stand up and speak the right! Bilal,clean up your thread man.
This is why I don’t like to share info. You don’t know who’s who and if I showed you that I haven’t had a losing week in over 5 months trading divergence on every time frame someone else will come back out looking to downplay that. Fact is there are two people looking at this thread. One is people who are trading divergence already and are excited about a new fresh thread about “divergence” and the others are people who want to learn. If you are calling me a clown from what I posted then you fall into the category of a learner because I highlighted prime examples of divergence. I’m trading a few lots a day on this bro so again you guys have the floor and OP will give fresh charts and posts for divergence clearly my 2 cents isn’t wanted
  • #33
  • Dec 20, 2020 3:51pm Dec 20, 2020 3:51pm
Quoting D1n3r0
{quote} This is why I don’t like to share info. You don’t know who’s who and if I showed you that I haven’t had a losing week in over 5 months trading divergence on every time frame someone else will come back out looking to downplay that. Fact is there are two people looking at this thread. One is people who are trading divergence already and are excited about a new fresh thread about “divergence” and the others are people who want to learn. If you are calling me a clown from what I posted then you fall into the category of a learner because I...
If you ever open a new thread I would be the first to join and I understand why you don't want to.. It seems you already explained enough how you trade it and I did learn something new. Thanks for that. Happy holidays and happy new year.
  • #34
  • Dec 20, 2020 7:12pm Dec 20, 2020 7:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBGPUSD 20201218.JPG Size: 136 KB
"Exchange of hands"
  • #35
  • Dec 20, 2020 8:06pm Dec 20, 2020 8:06pm
Attached Image (click to enlarge)
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"Exchange of hands"
  • #36
  • Dec 21, 2020 2:33am Dec 21, 2020 2:33am
hi, thanks for the great thread. can I know do you use SL? and what is your exit strategy in a loss or profit?
  • #37
  • Dec 21, 2020 2:46am Dec 21, 2020 2:46am
hi bilal kindly can u check my setup and tell if it is correct? Thanks again....

Attached Image (click to enlarge)
Click to Enlarge Name: fd2f70f190f27391d4df5b2a621eea9f.png Size: 78 KB
  • #38
  • Dec 21, 2020 3:17am Dec 21, 2020 3:17am
Quoting Azis1234
{quote} If you ever open a new thread I would be the first to join and I understand why you don't want to.. It seems you already explained enough how you trade it and I did learn something new. Thanks for that. Happy holidays and happy new year.
Will do
  • #39
  • Dec 21, 2020 3:20am Dec 21, 2020 3:20am
Quoting fsatrader
hi bilal kindly can u check my setup and tell if it is correct? Thanks again.... {image}
Bro everything is perfect about your set up and entry. Even where you had your take profit because it was at a previous level of support. That is a perfect example of divergence. I really like how clean your chart looks as well
  • #40
  • Dec 21, 2020 3:27am Dec 21, 2020 3:27am
Quoting bilal1947
{image}
I’m interested in your entry method on shorter timeframes. GBPJPY is diverging now. If you make it to the post before hand what would you be waiting on for your entry
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