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1M Price Action System

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  • #441
  • Jan 21, 2021 4:54am Jan 21, 2021 4:54am
Guys how much spread your broker offers on XAUUSD? and US30 if you are looking at it.
It is essential for scalpers like us,obviously.
Mine offers around 20 points,on very liquid NY session time to time it gets to 0, or as low as 5 points etc.
10:53 London Time it is around 16 right now for example. This is for XAUUSD.
On US30 I have the spread of 200(2.0) on the NY session, 340 during asian and 280 at around frankfurt and london sessions.
  • #442
  • Jan 21, 2021 5:05am Jan 21, 2021 5:05am
I was up all yesterday laser focused. Reading Bilal’s PDF and watching videos on the OB. This chart we are sitting around the monthly low. As a retail trader we can’t think like retail traders and enter trades and put our stops just at the high or low of previous candle. OB = an accumulation of limit orders on the buy and sell side right inside that block. Everybody in the world can see when the 1st monthly low was made. So where are the stops going to be? Right below that low and where are the limit sell orders going to be for the breakout traders? Right below that low. Once we get to this block from my 1 day of non stop studying Seems as if Banks like to throw a few bones out there to start creating indecision within the OB and I think that is the point when they will start hedging positions to take out stops below and then they will get in at the new lower low with a high lot size turning the market around and trapping the sellers while already taking out stops from the previous buyers who bought too early. Someone PLEASE CORRECT ME if I’m wrong. I can’t been in here giving out false info
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  • #443
  • Jan 21, 2021 5:12am Jan 21, 2021 5:12am
Quoting PixelSniper
Guys how much spread your broker offers on XAUUSD? and US30 if you are looking at it. It is essential for scalpers like us,obviously. Mine offers around 20 points,on very liquid NY session time to time it gets to 0, or as low as 5 points etc. 10:53 London Time it is around 16 right now for example. This is for XAUUSD. On US30 I have the spread of 200(2.0) on the NY session, 340 during asian and 280 at around frankfurt and london sessions.
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  • #444
  • Jan 21, 2021 5:15am Jan 21, 2021 5:15am
Quoting D1n3r0
{quote} {image}
You definetly have a better spread offer on the US30 but not XAUUSD. Right now I almost have 0, it is as low as 5-10 points, but 280, 2.8 on the US30. Eeh.
Attached Image
  • #445
  • Jan 21, 2021 5:20am Jan 21, 2021 5:20am
Quoting PixelSniper
{quote} You definetly have a better spread offer on the US30 but not XAUUSD. Right now I almost have 0, it is as low as 5-10 points, but 280, 2.8 on the US30. Eeh. {image}
Those 2 instruments I haven’t traded yet so I wouldn’t know what a good or bad spread for them would look like Man US30 & XAUUSD
  • #446
  • Jan 21, 2021 5:26am Jan 21, 2021 5:26am
Quoting D1n3r0
{quote} Those 2 instruments I haven’t traded yet so I wouldn’t know what a good or bad spread for them would look like Man US30 & XAUUSD
Yeah I mean I did not have so good results with currencies both forward and backtesting,indices and metals were better to me.
  • #447
  • Jan 21, 2021 8:34am Jan 21, 2021 8:34am
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Gold provided two great trades so far!
  • #448
  • Jan 21, 2021 8:38am Jan 21, 2021 8:38am
Quoting D1n3r0
{quote} Well if you’re doubting the set up that could be one of two things or both. First you have to practice. I been trading divergence since March of last year everyday and you see from my posts that I had the concept but let’s be real here we are looking to take Bilal’s entires not mines so practice is going to build up your confidence but you know that already lol. Secondly money management is the most important aspect to all of this. There’s no need to try to cash out and get the most money you can get. 0.05...
It was very nice to hear an honest story, and i am 100% sure everyone does the same mistakes as psychology works the same way in all of us.

I too now made peace with SLs as part of business and cutting the loss trades if no SL at times, but not prefer holding trades overnight or weekend. i have move to scalping 10-20 pips and close some of the lot size and or let it hit BE atleaset BE wont lose my equity.
"Exchange of hands"
  • #449
  • Jan 21, 2021 8:45am Jan 21, 2021 8:45am
Quoting PixelSniper
Guys how much spread your broker offers on XAUUSD? and US30 if you are looking at it. It is essential for scalpers like us,obviously. Mine offers around 20 points,on very liquid NY session time to time it gets to 0, or as low as 5 points etc. 10:53 London Time it is around 16 right now for example. This is for XAUUSD. On US30 I have the spread of 200(2.0) on the NY session, 340 during asian and 280 at around frankfurt and london sessions.
mine is raw account with fixed commission plus small commission for xauusd 1 to 15 it moves very fast second to second, for now my preference is to enter at point where it will hit my SL in 3-5 pips immediately or give me instant chance to get into profit and allow me to BE and immediately in minutes i close some to take off the commission out of the trade so if hit BE i am even.
"Exchange of hands"
  • #450
  • Jan 21, 2021 8:49am Jan 21, 2021 8:49am
Quoting 7Billions
{image}Gold provided two great trades so far!
beautiful
"Exchange of hands"
  • #451
  • Jan 21, 2021 8:51am Jan 21, 2021 8:51am
Quoting D1n3r0
I was up all yesterday laser focused. Reading Bilal’s PDF and watching videos on the OB. This chart we are sitting around the monthly low. As a retail trader we can’t think like retail traders and enter trades and put our stops just at the high or low of previous candle. OB = an accumulation of limit orders on the buy and sell side right inside that block. Everybody in the world can see when the 1st monthly low was made. So where are the stops going to be? Right below that low and where are the limit sell orders going to be for the breakout traders?...
Thats so right
"Exchange of hands"
  • #452
  • Jan 21, 2021 9:20am Jan 21, 2021 9:20am
Quoting bilal1947
{quote} Thats so right
Do you have Telegram ? Can I setup a telegram groupchat for this thread ? It would be strictly for divergence & your setups
  • #453
  • Edited 10:42am Jan 21, 2021 9:31am | Edited 10:42am
price came back from previous day low then again for a divergence, bos and retest of ob - done BE - both hit BE

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i usually unable to enter in between but somehow fomo pushed me to enter, just done BE to safe guard equity - many times i miss the trade beacuse price hit my BE then go in my direction but i have make peace with that too to safeguard equity.
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"Exchange of hands"
  • #454
  • Jan 21, 2021 10:15am Jan 21, 2021 10:15am
Quoting GuapKing
{quote} Do you have Telegram ? Can I setup a telegram groupchat for this thread ? It would be strictly for divergence & your setups
sorry mate, i dont prefer chat groups, this thread is just to show newbies to learn price action at core, once i feel i am done, i will be gone for good.
"Exchange of hands"
  • #455
  • Jan 21, 2021 10:47am Jan 21, 2021 10:47am
Quoting bilal1947
{quote} sorry mate, i dont prefer chat groups, this thread is just to show newbies to learn price action at core, once i feel i am done, i will be gone for good.
Thank you for all you do Bilal.

Much appreciated.
  • #456
  • Jan 21, 2021 10:55am Jan 21, 2021 10:55am
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Quoting bilal1947
{quote} sorry mate, i dont prefer chat groups, this thread is just to show newbies to learn price action at core, once i feel i am done, i will be gone for good.
Okay , can you help me with these divergence trades ? These are Indices & I don’t usually notice the retest of OB . I prefer scalping the indices & Gold since it moves fast . Where would your entry & OB be ?
  • #457
  • Jan 21, 2021 11:12am Jan 21, 2021 11:12am
Quoting GuapKing
{image}{image}{image}{quote} Okay , can you help me with these divergence trades ? These are Indices & I don’t usually notice the retest of OB . I prefer scalping the indices & Gold since it moves fast . Where would your entry & OB be ?
i didnt find retest on the second chart so no entry.
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"Exchange of hands"
  • #458
  • Jan 21, 2021 11:46am Jan 21, 2021 11:46am
Quoting bilal1947
{quote} sorry mate, i dont prefer chat groups, this thread is just to show newbies to learn price action at core, once i feel i am done, i will be gone for good.
I agree. There’s enough examples here for someone to be really successful. This chart here will get no additions. No other indicators or anything. I’m just going to draw my charts out like this every time taking trades off of the lows inside the OB. I got lucky that I had a prime example sitting right in my face. +50 pips Been studying this chart since yesterday.
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  • #459
  • Jan 21, 2021 1:31pm Jan 21, 2021 1:31pm
Quoting D1n3r0
{quote} I post my charts but I’m going say FOLLOW THIS METHOD. It’s
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GU Markup using Bilals template didn’t enter , just live studying & understanding OBs & market structure
  • #460
  • Jan 21, 2021 5:39pm Jan 21, 2021 5:39pm
[quote=D1n3r0;13370176]{quote} Could of been FOMO but I’m going to be honest with you. I suggest that you follow exactly what Bilal is showing because you’re going to have a high probability trade with low drawdown and he shows the absolute best time to look for a trade...


Hi D1n3r0,

Thanks very much for your descriptive reply. I really appreciate your help. Yes I will follow op and digest the thread. I certainly can see sound logic in op's system. Cheers
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