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1M Price Action System

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  • #61
  • Dec 21, 2020 8:25am Dec 21, 2020 8:25am
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}
Can you please post mladen "AllTimeframe Stoch" indicator? mq4 if you have it. Thanks.
  • #62
  • Edited 8:56am Dec 21, 2020 8:27am | Edited 8:56am
Quoting Ryder
{quote} Can you please post mladen "AllTimeframe Stoch" indicator? mq4 if you have it. Thanks.
yup, corrected: no more passwords
Attached File(s)
File Type: ex4 All time frame stochastic 1.4.ex4   25 KB | 1,000 downloads
  • #63
  • Dec 21, 2020 8:39am Dec 21, 2020 8:39am
Quoting fsatrader
{quote} 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
imagine stairs/steps one by one making HH/HL - when it is divergence it will break its own steps and moving higher high in smaller time frame that how trend starts from m1, m5 and onwards.

important issues here are what price has done behind in past so it will start reacting here,

In a downtrend price will making downward stairs making LL and then reverse to make LH then second LL and LH (that is the price action) but at some point of divergence if it has to go in up trend it will start making stairs upwards from last LL to 1st HH and LH without breaking the downtrend LL meaning it respected last order block or LL or supply zone, and will further break first HH with 2nd HH, it means BOS happened and we will wait price to retrace back to form a HL so we can enter here.
"Exchange of hands"
  • #64
  • Dec 21, 2020 9:30am Dec 21, 2020 9:30am
Quoting Azis1234
{quote} 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? {image}
I would of jumped in once the macd lines crossed each other. On the other indicator I see divergence so I take the divergence nearest the macd cross
  • #65
  • Dec 21, 2020 9:35am Dec 21, 2020 9:35am
I’m up 55 pips for the day and done. This is just something I’m watching. We have hidden divergence on both MACD & OSMA and the Yen has been the stronger currency since I started trading this morning and nothing has changed even with a 80 pip plus retracement.
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  • #66
  • Dec 21, 2020 10:26am Dec 21, 2020 10:26am
Quoting D1n3r0
I’m up 55 pips for the day and done. This is just something I’m watching. We have hidden divergence on both MACD & OSMA and the Yen has been the stronger currency since I started trading this morning and nothing has changed even with a 80 pip plus retracement. {image}
RSI is showing the divergence, thanks
  • #67
  • Dec 21, 2020 12:28pm Dec 21, 2020 12:28pm
How often we saw divergence vs convergence?
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"Exchange of hands"
  • #68
  • Dec 21, 2020 1:10pm Dec 21, 2020 1:10pm
Quoting bilal1947
How often we saw divergence vs convergence? {image}
If i were u i would never rely on M1 divergence u should move to M5
M1 gives lot of fake signals.
  • #69
  • Dec 21, 2020 1:15pm Dec 21, 2020 1:15pm
Quoting OwaisJam
{quote} If i were u i would never rely on M1 divergence u should move to M5 M1 gives lot of fake signals.
Thanks for the suggestion bro! I have my own trading style as per time amd convenience.
"Exchange of hands"
  • #70
  • Dec 21, 2020 1:24pm Dec 21, 2020 1:24pm
Quoting fsatrader
{quote} 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... {image}
It aint gonna work like this some times it does but u need to have more confirmations if u are only relying on this image lines.
  • #71
  • Dec 21, 2020 1:27pm Dec 21, 2020 1:27pm
Quoting bilal1947
{quote} {image}
[quote=D1n3r0;I’m up 55 pips for the day and done. This is just something I’m watching. We have hidden divergence on both MACD & OSMA and the Yen has been the stronger currency since I started trading this morning and nothing has changed even with a 80 pip plus retracement.]

As expected...
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"Exchange of hands"
  • #72
  • Dec 21, 2020 1:31pm Dec 21, 2020 1:31pm
Quoting bilal1947
How often we saw divergence vs convergence? {image}
Both of them move our charts if u only rely on them divergence gives u a reversal signal while convergence carries the trend but this thing is not perfectly accurate coz if a divergence has come in place and it is bullish one then a convergence can also change the trend to bearish one u just need to observe the chart with attention when u zoom out u will see that.
  • #73
  • Dec 21, 2020 1:42pm Dec 21, 2020 1:42pm
Quoting OwaisJam
{quote} Both of them move our charts if u only rely on them divergence gives u a reversal signal while convergence carries the trend but this thing is not perfectly accurate coz if a divergence has come in place and it is bullish one then a convergence can also change the trend to bearish one u just need to observe the chart with attention when u zoom out u will see that.
Since trend is friendly to follow i think more we can find is convergence to enter at pull back,

Knowing the fact that higher time frame starts from 1M first ... we have to be good at price action. Anyway My yocus is not more just 10pips and take partials.
"Exchange of hands"
  • #74
  • Dec 21, 2020 1:53pm Dec 21, 2020 1:53pm
Quoting fsatrader
hi bilal kindly can u check my setup and tell if it is correct? Thanks again.... {image}
Why u didnt enter at question marks...
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  • #75
  • Dec 21, 2020 2:08pm Dec 21, 2020 2:08pm
Quoting bilal1947
{quote} Since trend is friendly to follow i think more we can find is convergence to enter at pull back, Knowing the fact that higher time frame starts from 1M first ... we have to be good at price action. Anyway My yocus is not more just 10pips and take partials.
Its not necessary convergence could be found at pull back u need to think different the formula is simple if it were that simple everyone would be doing it.
This way of entries is even mentioned in books no one is gonna give u trading secret for few dollars...
  • #76
  • Dec 21, 2020 2:10pm Dec 21, 2020 2:10pm
Quoting bilal1947
{quote} Since trend is friendly to follow i think more we can find is convergence to enter at pull back, Knowing the fact that higher time frame starts from 1M first ... we have to be good at price action. Anyway My yocus is not more just 10pips and take partials.
Its up to u what u find more comfortable but i would suggest u to use min tf is M5...
  • #77
  • Dec 21, 2020 2:12pm Dec 21, 2020 2:12pm
[quote=bilal1947;13324362]{quote}
Quoting D1n3r0;I’m up 55 pips for the day and done. This is just something I’m watching. We have hidden divergence on both MACD & OSMA and the Yen has been the stronger currency since I started trading this morning and nothing has changed even with a 80 pip plus retracement.
As expected... {image}
That move makes my 30 pip move look like nothing. I never got a cross back below it just kept going up. I just woke up from a nap and was like wow. How did you know it was possibly going up to that point. Was it the regular divergence that did it for you?
  • #78
  • Dec 21, 2020 2:17pm Dec 21, 2020 2:17pm
[quote=bilal1947;13324362]{quote}
Quoting D1n3r0;I’m up 55 pips for the day and done. This is just something I’m watching. We have hidden divergence on both MACD & OSMA and the Yen has been the stronger currency since I started trading this morning and nothing has changed even with a 80 pip plus retracement.
As expected... {image}
It is M15 gbpusd i have marked few divergences do u know why they didnt work.
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  • #79
  • Dec 21, 2020 2:20pm Dec 21, 2020 2:20pm
I am just trying to say how can u think it could be that easy bro believe me my setup is on divergence they are never going to work the way u thinking
May be it can but i have tries these things...
  • #80
  • Dec 21, 2020 2:20pm Dec 21, 2020 2:20pm
Quoting OwaisJam
{quote} Why u didnt enter at question marks...{image}
Thanks for bringing it,. As per rule#2 we didn't see bos, please refer post #1 for rules for now, we build them as we move on.


I have noted that regular divergence gives more false signals than hidden, that's why trend is your friend but a hidden divergence on htf is a divergence in ltf...

Thanks you for your interest n sharing your valuable thoughts, it will help us to explore N learn together!
"Exchange of hands"
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