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1M Price Action System

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  • #361
  • Jan 9, 2021 2:04pm Jan 9, 2021 2:04pm
Quoting charli86
Hi guys, there is one beautiful indicator from Genry_05, when combining with divergence maybe can help a trader for the decision, also the channel is tma true, so the target can be the upper or lower band...You get the logic from the picture.... If Bilal agrees I can share indi here, I do not want that thread run from the main concept.Regards {image}
Where is it? I don't see on your chart.
TMA doesn't work well with strong trends.
  • #362
  • Jan 9, 2021 2:22pm Jan 9, 2021 2:22pm
Quoting Merka
{quote} Where is it? I don't see on your chart. TMA doesn't work well with strong trends.
First subwindow , kiosotto indicator,
Make your own rules and stick to it.
  • #363
  • Jan 9, 2021 2:35pm Jan 9, 2021 2:35pm
Quoting charli86
{quote} First subwindow , kiosotto indicator,
That indicator looks like some sort of voluma based. Isn't it?
We'll wait for your input on how to use it at best.
Thanks
  • #364
  • Jan 9, 2021 3:55pm Jan 9, 2021 3:55pm
Quoting Merka
{quote} That indicator looks like some sort of voluma based. Isn't it? We'll wait for your input on how to use it at best. Thanks
Ah, long story about this indicator , the guy who correct and modify, upgrade, know this indicator completely is Genry_05,i quote " The original version of the Kiosotto indicator displays the strength of bulls and bears based on the readings of the technical RSI indicator. So, if during the period of history specified by the user there was a fall in price, then this adds strength to the bulls, and when the price rises, the strength of bears turns out to be greater" "
Kiosotto 2015 v4 Alert [mobidik]ms-nrp is one of the types of Kiosotto indicators without redraw, modernized on froum by a coder with a name: mobidik.
This indicator is based of RSI data and could be used as the main approving signal for entering the market, when the trend strength is especially high.

Anyway, you can play with it, here is the link, and also one can find numerous pages on Russian forum,forex system ru, https://www.forexfactory.com/thread/...ading?page=217
Attached File(s)
File Type: ex4 Kiosotto 2019v5[mobidik,gm]a-ms-nrp.ex4   16 KB | 640 downloads
Make your own rules and stick to it.
  • #365
  • Jan 9, 2021 5:36pm Jan 9, 2021 5:36pm
I don’t even know if I saw Divergence on this chart before I considered placing this trade. What I was focused on is the fact that we failed to break above previous days high and it was towards the ends of the day. Secondly I’m paying attention to the hourly Highs and lows and specifically the 1hr bar with the yellow and aqua trend lines on it. There were a few inside bars that didn’t close above that candles high so what does that tell us? If price is failing to make new highs and a previous candles high isn’t breached then price is going to turn and head for that candles low. Hope I’m making sense. My first BTC trade. Was nowhere near the lot size I’m normally trading but I care more about getting the trade right at this point. It’s a lot of big players moving BTC crazy
Attached Image (click to enlarge)
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  • #366
  • Jan 10, 2021 5:50am Jan 10, 2021 5:50am
Whales showed their hands before this drop off. More importantly what did price say? 1hr highs and lows are the important levels to trade. Box price in. For instance right now BTC has a large 1hr candle. Wait for the candle to close and see if the new 1hr candle starts making higher lows. You’re going to know because the candle is going to be long for a consecutive amount of time. If price isn’t going to breach previous 1hr low then where is it going to go? Box price in and pay attention to the highs and lows of the previous 1hr candles. Divergence is just a tool and honestly I can scrap the divergence take the RSI off my chart and just mark up hourly targets. FYI all of these levels were marked up before the market even sold off
Attached Image (click to enlarge)
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  • #367
  • Jan 10, 2021 7:28am Jan 10, 2021 7:28am
Best feeling in the world to see price swing in my direction $500 backed with limit orders of 3 million being hit and already in a position $200 above that limit order. Large Wick Zone on previous 1hr bar. We took out the low from 2 bars ago and turned taking out previous highs. All we can do at this point is trade and see what happens. I took profit at a previous level of support from 3 1hr candles ago. Gonna enjoy the rest of my day since I’ll be back at this in the am.
Attached Image (click to enlarge)
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  • #368
  • Jan 10, 2021 9:14am Jan 10, 2021 9:14am
Something to watch
Attached Image (click to enlarge)
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  • #369
  • Jan 10, 2021 10:21am Jan 10, 2021 10:21am
Quoting charli86
{quote} Ah, long story about this indicator , the guy who correct and modify, upgrade, know this indicator completely is Genry_05,i quote " The original version of the Kiosotto indicator displays the strength of bulls and bears based on the readings of the technical RSI indicator. So, if during the period of history specified by the user there was a fall in price, then this adds strength to the bulls, and when the price rises, the strength of bears turns out to be greater" " Kiosotto 2015 v4 Alert [mobidik]ms-nrp is one of the types of Kiosotto...
Hi Charli

Its okay with whatever indicator one is comfortable with, but remember an indicator only indicates it cannot be an entry signal, and the worst part is that it clouds the mind seeing the real price action happening!
"Exchange of hands"
  • #370
  • Jan 10, 2021 10:29am Jan 10, 2021 10:29am
Quoting D1n3r0
I don’t even know if I saw Divergence on this chart before I considered placing this trade. What I was focused on is the fact that we failed to break above previous days high and it was towards the ends of the day. Secondly I’m paying attention to the hourly Highs and lows and specifically the 1hr bar with the yellow and aqua trend lines on it. There were a few inside bars that didn’t close above that candles high so what does that tell us? If price is failing to make new highs and a previous candles high isn’t breached then price is going to turn...
Great, see slowly slowly your eyes are getting used to of price action!

how do you observe inside bars with line charts, i may sound stupid as i never used line chart as it dont show wicks which are an important part of sl hunting.
"Exchange of hands"
  • #371
  • Jan 10, 2021 10:44am Jan 10, 2021 10:44am
Attached File(s)
File Type: pdf Manual.pdf   1.7 MB | 55,462 downloads
"Exchange of hands"
  • #372
  • Edited 11:07pm Jan 10, 2021 11:03am | Edited 11:07pm
if still need to use an indicator use this half trend with BOS and pending orders

m5 - setting 6
Attached Image (click to enlarge)
Click to Enlarge Name: 0bea1eba8e6546c8d7173498f01fd67a.png Size: 101 KB
Attached File(s)
File Type: ex4 HalfTrend MTF with alerts.ex4   28 KB | 651 downloads
File Type: ex4 HalfTrend-1.02.ex4   20 KB | 612 downloads
"Exchange of hands"
  • #373
  • Jan 10, 2021 11:31am Jan 10, 2021 11:31am
Quoting bilal1947
{quote} Great, see slowly slowly your eyes are getting used to of price action! how do you observe inside bars with line charts, i may sound stupid as i never used line chart as it dont show wicks which are an important part of sl hunting.
On my chart I have the Larger timeframe indicator on it which allows me to see the 1hr candles.
  • #374
  • Jan 11, 2021 9:35am Jan 11, 2021 9:35am
Price refuses to break below previous candles low after falling into wick zone, we look to go long to previous candles 1hr high. Patience is everything and waiting for 1hr closes gives you opportunity.
Attached Image (click to enlarge)
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  • #375
  • Jan 12, 2021 5:04am Jan 12, 2021 5:04am
I missed two great consecutive trades on XU.
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  • #376
  • Jan 12, 2021 5:08am Jan 12, 2021 5:08am
Now I’m waiting to see if price retest that level.
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  • #377
  • Jan 12, 2021 5:48am Jan 12, 2021 5:48am
+16 pips. No DD.
Attached Image (click to enlarge)
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  • #378
  • Jan 12, 2021 8:14am Jan 12, 2021 8:14am
Missed this huge move. I’m too distracted today. But I’m impressed with the accuracy of the strategy. Next step for me, is to build confidence to let trades run.
Attached Image (click to enlarge)
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  • #379
  • Jan 12, 2021 8:54am Jan 12, 2021 8:54am
Quoting 7Billions
+16 pips. No DD. {image}
wow
"Exchange of hands"
  • #380
  • Jan 12, 2021 8:56am Jan 12, 2021 8:56am
Attached Image (click to enlarge)
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"Exchange of hands"
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