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1M Price Action System

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  • #1,021
  • Feb 23, 2021 5:53pm Feb 23, 2021 5:53pm
Quoting klm1011
......bilal .......do you have a system for screening pairs for flat consolidation areas on M1 level?......................
nop, i trade one pair if i get entry with breakeven then move to next one, you if like half trend put it on all or selected pairs in separate charts, it will send alerts so almost same thing as dashboard.
"Exchange of hands"
  • #1,022
  • Feb 24, 2021 9:54am Feb 24, 2021 9:54am
I’ve been glued heavy to a crypto currency I have been watching for a few years now and invested $200 back in late December and it’s ballooned to 3k and I’ve been buying all the dips and have increased my bag by 125k coins without spending a dime except for the small transaction fees for the limit orders so I made a few good trades yesterday and this is the one for today. We have a BOS now waiting for a solid retest. If I’m paying attention maybe I get back in on the actual trade I’m supposed to take.
Attached Image (click to enlarge)
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  • #1,023
  • Feb 24, 2021 10:31am Feb 24, 2021 10:31am
Quoting D1n3r0
I’ve been glued heavy to a crypto currency I have been watching for a few years now and invested $200 back in late December and it’s ballooned to 3k and I’ve been buying all the dips and have increased my bag by 125k coins without spending a dime except for the small transaction fees for the limit orders so I made a few good trades yesterday and this is the one for today. We have a BOS now waiting for a solid retest. If I’m paying attention maybe I get back in on the actual trade I’m supposed to take. {image}
Nice one.

I'm still convinced that the Highs and Lows carry more weight than the OB...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-m15 (2021-02-23).png Size: 71 KB
Click to Enlarge Name: gbpusd-m15 (2021-02-24).png Size: 71 KB
  • #1,024
  • Feb 24, 2021 11:10am Feb 24, 2021 11:10am
Quoting Pumi
{quote} Nice one. I'm still convinced that the Highs and Lows carry more weight than the OB... {image} {image}
It will be great to know more how to enter and exit on which candle. learning never stops !
"Exchange of hands"
  • #1,025
  • Feb 24, 2021 12:07pm Feb 24, 2021 12:07pm
Quoting bilal1947
{quote} It will be great to know more how to enter and exit on which candle. learning never stops !
Someone said sniper entries are not that important when you know their (or algo's) intention and the price destination. Your focus will be switched off from risk (that is from emotions). I'm in the process of learning that. Just imagine if you know where price will end on its way up or down. Will it matter to catch the whole trend? I have seen some of your trades where you had a perfect entry and at the end you settled for a price that is less than what price has traveled prior to your exit. And that got me thinking - mastering the entry or the exit (or both)? And which one to put more focus on?

I'm here to learn and share. And I welcome corrections in this journey of trading.
  • #1,026
  • Feb 24, 2021 12:22pm Feb 24, 2021 12:22pm
Quoting Pumi
{quote} Someone said sniper entries are not that important when you know their (or algo's) intention and the price destination. Your focus will be switched off from risk (that is from emotions). I'm in the process of learning that. Just imagine if you know where price will end on its way up or down. Will it matter to catch the whole trend? I have seen some of your trades where you had a perfect entry and at the end you settled for a price that is less than what price has traveled prior to your exit. And that got me thinking - mastering the entry...
Thats the beauty of having different opinions, we can learn something always! to improve ourselves that the learning journey which never stops.

For me entry is only that matters, as an exit is another entry itself. and at time we can addon another entry without exiting the first.

it's totally perfect that for your target is important and its okay and infact that's the beauty of the social forums to have brain-storming discussions there is always something to learn from one another. i am not perfect in anyway, i am a blank slate keep sharing you observations and understandings.

Thank you mate.
"Exchange of hands"
  • #1,027
  • Feb 24, 2021 3:15pm Feb 24, 2021 3:15pm
I have been holding a Sell on USDCAD, long-term, based on what I have been observing (Targets). Catching the long-term trend early didn't matter but I managed to enter on the swing high. I'll manage the trade as it goes.
Attached Image (click to enlarge)
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  • #1,028
  • Feb 25, 2021 3:51am Feb 25, 2021 3:51am
I'm starting to enjoy this....
Attached Image (click to enlarge)
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  • #1,029
  • Feb 25, 2021 4:40am Feb 25, 2021 4:40am
just sharing.
for me the structure or trend line break can come before or after divergence.
trend following higher mtf rsi all green.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,030
  • Feb 25, 2021 4:45am Feb 25, 2021 4:45am
Quoting Inthebox
just sharing. for me the structure or trend line break can come before or after divergence. trend following mtf rsi all green. {image}
That's a good share.... There's something to learn from it.

I'll keep the image on my Flashcards folder
  • #1,031
  • Feb 25, 2021 6:06am Feb 25, 2021 6:06am
Quoting Pumi
I'm starting to enjoy this.... {image}
You beauty !

mixing Lower time frame for entries and higher time frame for analysis, aligning multiple time frames directions is the Game.
"Exchange of hands"
  • #1,032
  • Feb 25, 2021 6:16am Feb 25, 2021 6:16am
Hollow candles are of H4

back ground green grey are H1

retesting the H1 wick OB, my charting is not so good like Pumi
Attached Image (click to enlarge)
Click to Enlarge Name: 1add9aaa2175558190af1ab9a4d4ed0a.png Size: 150 KB
"Exchange of hands"
  • #1,033
  • Feb 25, 2021 6:32am Feb 25, 2021 6:32am
Quoting Inthebox
just sharing. for me the structure or trend line break can come before or after divergence. trend following higher mtf rsi all green. {image}
i like the all TF histogram rsi, is it good tool for confluence.
"Exchange of hands"
  • #1,034
  • Feb 25, 2021 7:05am Feb 25, 2021 7:05am
Quoting bilal1947
{quote} i like the all TF histogram rsi, is it good tool for confluence.
you can try the histo and the strength.
i set them as rsi trend strength (above 55 green, below 45 red), not as the usual overbought/oversold.
cja created them at my requests.
use different unique values for rsi dash.
Attached Image
Attached File(s)
File Type: ex4 rsi multi TF bars.ex4   53 KB | 588 downloads
File Type: ex4 rsi dash v1.1.ex4   19 KB | 547 downloads
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,035
  • Feb 25, 2021 7:18am Feb 25, 2021 7:18am
Quoting bilal1947
Hollow candles are of H4 back ground green grey are H1 retesting the H1 wick OB, my charting is not so good like Pumi {image}
I can see you have another MTF indicator on the top right corner. Do you have one for MT5 that is based on the open of the candle for bullish/bearish direction?

Otherwise I might have to script one. Hopefully my basic C++ knowledge is not dead yet.
  • #1,036
  • Feb 25, 2021 7:30am Feb 25, 2021 7:30am
Quoting Inthebox
{quote} you can try the histo and the strength. i set them as rsi trend strength (above 55 green, below 45 red), not as the usual overbought/oversold. cja created them at my requests. use different unique values for rsi dash. {file} {file} {image}
Thank for sharing, i will check them too
"Exchange of hands"
  • #1,037
  • Feb 25, 2021 7:31am Feb 25, 2021 7:31am
Quoting Pumi
{quote} I can see you have another MTF indicator on the top right corner. Do you have one for MT5 that is based on the open of the candle for bullish/bearish direction? Otherwise I might have to script one. Hopefully my basic C++ knowledge is not dead yet.
Nop i found them yesterday, so testing just now let see , Mt4 one is attached.
Attached File(s)
File Type: ex4 signalTable candle.ex4   16 KB | 544 downloads
"Exchange of hands"
  • #1,038
  • Feb 25, 2021 7:47am Feb 25, 2021 7:47am
Quoting bilal1947
{quote} Nop i found them yesterday, so testing just now let see , Mt4 one is attached. {file}
Thanks. I do use your other one that uses the MAs (MA MTF Display nmc).

I use the bias of the higher timeframe that is based on the Open of the bar (Current Month Open, Current Week Open, and Yesterday's Open - all directions has to be aligned). At the moment I just draw the Horizontal lines manually to indicate the Open. It would be nice to have that Daily Bar indicator to show all those timeframes next to each other. I'll try to script the indy.
  • #1,039
  • Feb 25, 2021 7:56am Feb 25, 2021 7:56am
Quoting Pumi
{quote} Thanks. I do use your other one that uses the MAs (MA MTF Display nmc). I use the bias of the higher timeframe that is based on the Open of the bar (Current Month Open, Current Week Open, and Yesterday's Open - all directions has to be aligned). At the moment I just draw the Horizontal lines manually to indicate the Open. It would be nice to have that Daily Bar indicator to show all those timeframes next to each other. I'll try to script the indy.
yeah, that would be great!
"Exchange of hands"
  • #1,040
  • Feb 25, 2021 10:59am Feb 25, 2021 10:59am
gn.
1. structure break pullback to today high and round number with hidden divergence.
2. trend following htf rsi dash below 55 (gray/red).
Attached Image (click to enlarge)
Click to Enlarge Name: f733e5750257563e51ed1ab9120e11b7.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
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