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1M Price Action System

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  • #181
  • Dec 30, 2020 2:15am Dec 30, 2020 2:15am
Quoting bilal1947
Booked 10pips and close 0.45 {image}
Hi Bilal, I read the thread with great interest because I am also interested in M1 divergence. But is it possible that your pip calculation is not quite correct for the trade. CADJPY's ADR is currently at 15 pips, and from trade entry to close it's 1 pip.
  • #182
  • Edited 3:51am Dec 30, 2020 3:14am | Edited 3:51am
based on news i look for buy: U.S. confirms first case of the new Covid strain discovered in UK

Both entry closed manually
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"Exchange of hands"
  • #183
  • Dec 30, 2020 8:08am Dec 30, 2020 8:08am
Regular divergence at the top. Seems as if they want to keep pump faking until they actually get enough stops. It kept bouncing on my trend-line which would of been BOS I think? Well it kept bouncing and I decided to take my 13.5 pips and call it a day. Will it go down? That’s the expectation but I can only trade what price gives me at the time. I hit core which is 10 pips so anything extra is good too. Also notice the grey shaded areas. There’s divergence on them and it sparked a 27 pip sell off.
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  • #184
  • Dec 30, 2020 8:40am Dec 30, 2020 8:40am
End result Banks don’t want us to win
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  • #185
  • Dec 30, 2020 9:40am Dec 30, 2020 9:40am
Quoting D1n3r0
End result Banks don’t want us to win {image}
ithese year end days no liquidity market moves has become unpredictable, SL is must else washed out
"Exchange of hands"
  • #186
  • Dec 30, 2020 10:29am Dec 30, 2020 10:29am
Quoting bilal1947
{quote} ithese year end days no liquidity market moves has become unpredictable, SL is must else washed out
Yeah man that’s why I took my pips and ran. There was zero reason for that last swing up but to fake people out into buying positions so they could sell off the market. This is a dirty game
  • #187
  • Dec 30, 2020 10:32am Dec 30, 2020 10:32am
USDJPY long after divergence and BOS, entered with 2 x 5 lots after retest of OB and RN (103.00). SL moved just below the .25 level.
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  • #188
  • Dec 30, 2020 10:35am Dec 30, 2020 10:35am
Quoting Olarion1975
USDJPY long after divergence and BOS, entered with 2 x 5 lots after retest of OB and RN (103.00). SL moved just below the .25 level. {image}
Super
"Exchange of hands"
  • #189
  • Dec 30, 2020 10:45am Dec 30, 2020 10:45am
Quoting Olarion1975
USDJPY long after divergence and BOS, entered with 2 x 5 lots after retest of OB and RN (103.00). SL moved just below the .25 level. {image}
UPDATE: Out for a total of 57 pips (28 + 29 pips) at rejection of 365 ema on M5.
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  • #190
  • Dec 30, 2020 11:07am Dec 30, 2020 11:07am
Please keep test and do share any suggestions, observations n additions to the rules to improve the strategy are welcome,
"Exchange of hands"
  • #191
  • Dec 30, 2020 4:47pm Dec 30, 2020 4:47pm
Quoting Olarion1975
{quote} UPDATE: Out for a total of 57 pips (28 + 29 pips) at rejection of 365 ema on M5. {image}
That’s a NASTY trade!!!! Great Job. Could you explain the reasoning for the 365 MA? Like is it something that’s always going to be a rejection area off of a regular divergence trade
  • #192
  • Dec 30, 2020 4:54pm Dec 30, 2020 4:54pm
Quoting D1n3r0
{quote} That’s a NASTY trade!!!! Great Job. Could you explain the reasoning for the 365 MA? Like is it something that’s always going to be a rejection area off of a regular divergence trade
Thanks, bro. I simply like to watch reactions to the 50ema, 200ema and 365ema on all TFs from M1 up to H4. If there are clear signs of rejections I take a portion off or close the trade completely. Made a nice 2,3k on this trade for a daily total of around 6k. I think I call it a day/week/month/year...
  • #193
  • Dec 30, 2020 6:01pm Dec 30, 2020 6:01pm
Quoting Olarion1975
{quote} Thanks, bro. I simply like to watch reactions to the 50ema, 200ema and 365ema on all TFs from M1 up to H4. If there are clear signs of rejections I take a portion off or close the trade completely. Made a nice 2,3k on this trade for a daily total of around 6k. I think I call it a day/week/month/year...
Wow amazing,
"Exchange of hands"
  • #194
  • Dec 30, 2020 7:21pm Dec 30, 2020 7:21pm
Quoting Olarion1975
{quote} Thanks, bro. I simply like to watch reactions to the 50ema, 200ema and 365ema on all TFs from M1 up to H4. If there are clear signs of rejections I take a portion off or close the trade completely. Made a nice 2,3k on this trade for a daily total of around 6k. I think I call it a day/week/month/year...
Yeah I’ll check back with you next week
  • #195
  • Dec 30, 2020 9:02pm Dec 30, 2020 9:02pm
As far as TP goes yes indeed I dropped the ball, I saw 15 pips and was like and jumped out. Could I have got more? Yes, but the way I Look at things is bank gives me a deposit and bank will take away deposit if I don’t take it fast enough but the bank will sometimes hand out more if you wait. I’m a hit it and quit it type of guy
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  • #196
  • Edited Dec 31, 2020 1:42am Dec 30, 2020 11:41pm | Edited Dec 31, 2020 1:42am
see how the price retest untested sell candles in an uptrend
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update:
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"Exchange of hands"
  • #197
  • Dec 31, 2020 5:52am Dec 31, 2020 5:52am
Hi Bilal

How do you identify the grey boxes - the boxes where prices rebounds back to ?

Thanks
  • #198
  • Dec 31, 2020 6:24am Dec 31, 2020 6:24am
The last sell untested candles pervaz,

here another setup

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"Exchange of hands"
  • #199
  • Dec 31, 2020 6:47am Dec 31, 2020 6:47am
So this last chart, you took a buy at BOS ? not at retest of last bearish candles ? prob me not seeing things clearly but I cant see this trade inline with your trading rules, thanks.
  • #200
  • Dec 31, 2020 7:43am Dec 31, 2020 7:43am
Once again I’m just doing the same thing everyday. Mostly taking bullish regular divergence. Same set ups. I see what’s going on for the day and I see each pair when they’re making new lows and highs for the day and how many pips price is from open. +20 pips and this was my second trade for today and I’m done with a total of 33.5 pips. No stress no anxiety just trading the same thing everyday.
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