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1M Price Action System

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  • #41
  • Dec 21, 2020 3:29am Dec 21, 2020 3:29am
Quoting D1n3r0
{quote} 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
Thanks for the feedback mate. will post more to get practice...
  • #42
  • Dec 21, 2020 3:37am Dec 21, 2020 3:37am
There is a divergence here as well but I don't pay attention to that anymore.
Just extreme conditions + candlesticks are enough to catch a good reversal tbh
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  • #43
  • Dec 21, 2020 3:59am Dec 21, 2020 3:59am
Quoting fsatrader
{quote} Thanks for the feedback mate. will post more to get practice...
I don’t know if the OP is up right now. Seems as if you understand his method of entry. Can you take a look at GBPJPY and show the area where the entry would be. No pressure I understand everybody’s trading or doing their thing. Just trying to get some understanding lol
  • #44
  • Dec 21, 2020 4:16am Dec 21, 2020 4:16am
Quoting fsatrader
hi bilal kindly can u check my setup and tell if it is correct? Thanks again.... {image}
sadly hit sl. will try more examples for sure...
  • #45
  • Dec 21, 2020 4:20am Dec 21, 2020 4:20am
Quoting D1n3r0
{quote} I don’t know if the OP is up right now. Seems as if you understand his method of entry. Can you take a look at GBPJPY and show the area where the entry would be. No pressure I understand everybody’s trading or doing their thing. Just trying to get some understanding lol
Hi mate since there is no clear break of structure yet (for my eyes atleast) i think it is better to be waiting until a proper setup. Kindly waiting for an input from bilal who is the thread owner. i am just starting this thing and i really need to know if i get it right or not...
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  • #46
  • Dec 21, 2020 5:14am Dec 21, 2020 5:14am
Quoting fsatrader
hi, thanks for the great thread. can I know do you use SL? and what is your exit strategy in a loss or profit?
SL is must to safeguard the equity, max 10-15 pips, and target is always a problem easy solution is once i book 10-15 pip i close 80% of my lot and forget the rest.

i do breakeven always once it touches our entry point and reversed.
"Exchange of hands"
  • #47
  • Dec 21, 2020 5:17am Dec 21, 2020 5:17am
Quoting D1n3r0
{quote} 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
sorry bro, i am on full time job may not respond immediately but will keep sharing charts... and learn and grow! we will make mistakes but its part of process.
"Exchange of hands"
  • #48
  • Dec 21, 2020 5:18am Dec 21, 2020 5:18am
This is why I’m interested in the OP’s entry point because maybe I’m taking profit too early. I enter and exit at previous level of support of dip off. I made 20 pips on the downside from bearish hidden divergence and 30 on the upside from bullish regular divergence. I don’t know if anybody noticed but OSMA is used to find Hidden Divergence and I’m using MACD to find Regular bullish divergence
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  • #49
  • Dec 21, 2020 5:19am Dec 21, 2020 5:19am
Quoting bilal1947
{quote} sorry bro, i am on full time job may not respond immediately but will keep sharing charts... and learn and grow! we will make mistakes but its part of process.
What country are you in? I hope you continue with the divergence so Forex can become your full time job.
  • #50
  • Dec 21, 2020 5:22am Dec 21, 2020 5:22am
Quoting PixelSniper
There is a divergence here as well but I don't pay attention to that anymore. Just extreme conditions + candlesticks are enough to catch a good reversal tbh {image}
I like your stoch indicator
"Exchange of hands"
  • #51
  • Dec 21, 2020 5:23am Dec 21, 2020 5:23am
I entered very quick but still upon retest can enter, booked 43pips
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"Exchange of hands"
  • #52
  • Dec 21, 2020 5:24am Dec 21, 2020 5:24am
Quoting D1n3r0
{quote} What country are you in? I hope you continue with the divergence so Forex can become your full time job.
Oman
"Exchange of hands"
  • #53
  • Dec 21, 2020 5:28am Dec 21, 2020 5:28am
Quoting bilal1947
{quote} sorry bro, i am on full time job may not respond immediately but will keep sharing charts... and learn and grow! we will make mistakes but its part of process.
mate please can you explain more when you figure out BOS or SL Hunt? these 2 images seem totally not the same for me so I am confused with BOS/SL hunt

In this image BOS is BETWEEN 2 lower lows

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and below image, to BOS is AFTER 2 lower lows

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  • #54
  • Dec 21, 2020 5:33am Dec 21, 2020 5:33am
Quoting bilal1947
{quote} I like your stoch indicator
14,3,3 1min and 14,3,3 5 min on the same 1minute chart, just to identify ob/os zone, not directly buying and selling off the zone, must read the chart & candlesticks.
But overall it's great yeah
  • #55
  • Dec 21, 2020 5:37am Dec 21, 2020 5:37am
Quoting bilal1947
{quote} Oman
Bro take a look at my GBPJPY chart when you get a chance. Where would of been your entry on the 15min timeframe and if you can explain why. I just took profit 30 pips too early. Story of my life. I’m happy with my profits but again if there’s more to be made off of a divergence play I want to grab the pips
  • #56
  • Dec 21, 2020 6:07am Dec 21, 2020 6:07am
Quoting D1n3r0
{quote} Bro take a look at my GBPJPY chart when you get a chance. Where would of been your entry on the 15min timeframe and if you can explain why. I just took profit 30 pips too early. Story of my life. I’m happy with my profits but again if there’s more to be made off of a divergence play I want to grab the pips
Hi!
I use divergences almost the same way like you but I'd like to discuss several ideas. I can't send you a PM here and don't want to waste the Bilal's thread. Where could we chat?
Just an opinion. Based on research
  • #57
  • Dec 21, 2020 6:49am Dec 21, 2020 6:49am
Quoting D1n3r0
{quote} Bro take a look at my GBPJPY chart when you get a chance. Where would of been your entry on the 15min timeframe and if you can explain why. I just took profit 30 pips too early. Story of my life. I’m happy with my profits but again if there’s more to be made off of a divergence play I want to grab the pips
Attached Image (click to enlarge)
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"Exchange of hands"
  • #58
  • Dec 21, 2020 6:50am Dec 21, 2020 6:50am
Quoting fsatrader
{quote} mate please can you explain more when you figure out BOS or SL Hunt? these 2 images seem totally not the same for me so I am confused with BOS/SL hunt In this image BOS is BETWEEN 2 lower lows {image} and below image, to BOS is AFTER 2 lower lows {image}

highlighted in yellow is break in structure
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"Exchange of hands"
  • #59
  • Dec 21, 2020 7:20am Dec 21, 2020 7:20am
Quoting bilal1947
{quote} highlighted in yellow is break in structure {image}
sorry for my English. what i meant was how u determine that "Structure" area in order to break or sl hunt later. Those read circle areas, how you decide it. because sometimes it is Between 2 points (blue circles) and sometime after the 2 points. kindly let me know if you get what i mean. Otherwise, i can explain more... really need to clear that out in my head
  • #60
  • Dec 21, 2020 8:02am Dec 21, 2020 8:02am
Quoting D1n3r0
{quote} Bro take a look at my GBPJPY chart when you get a chance. Where would of been your entry on the 15min timeframe and if you can explain why. I just took profit 30 pips too early. Story of my life. I’m happy with my profits but again if there’s more to be made off of a divergence play I want to grab the pips
D1n3r0, can you tell me if I entered correctly according to your rules on this GBP USD 15m chart. Look at red up arrow. Thanks

ALSO i notice a few different divergences in this photo. Which one do to take? Or do they all mean the same in which direction the market will go?
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