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1M Price Action System

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  • #1,061
  • Mar 6, 2021 12:46pm Mar 6, 2021 12:46pm
Quoting Acidcore
Hello everyone. I have one more question for you, Bilal. Is the divergence you are using a replacement for a Wyckoff formation?
I do not think it's a replacement for the Wyckoff Schematics. You can use the divergence with the Schematics. The Wyckoff uses volume for divergence.
  • #1,062
  • Mar 6, 2021 1:13pm Mar 6, 2021 1:13pm
Quoting Acidcore
Hello everyone. I have one more question for you, Bilal. Is the divergence you are using a replacement for a Wyckoff formation?
Pumi already answered on spot.
"Exchange of hands"
  • #1,063
  • Mar 6, 2021 3:22pm Mar 6, 2021 3:22pm
Quoting Pumi
Bilal I rest my case against Order Blocks. No more doubting the tool. {image}
I'm still sceptical about Order Blocks. George's Targets theory (High, Low and Liquidity Gap) covers the Order Blocks automatically and it also doesn't distract your attention away from what is happening (that is the psychology unlike the Order Blocks, SnD, S/R, Price Action Patterns which fall under the same Whatsapp group).

Image is the same as my previous post and is zoomed under M1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-m1 (2021-03-06).png Size: 44 KB
Click to Enlarge Name: eurusd-h4 (2021-03-06).png Size: 73 KB
  • #1,064
  • Mar 6, 2021 5:31pm Mar 6, 2021 5:31pm
Quoting Pumi
{quote} I'm still sceptical about Order Blocks. George's Targets theory (High, Low and Liquidity Gap) covers the Order Blocks automatically and it also doesn't distract your attention away from what is happening (that is the psychology unlike the Order Blocks, SnD, S/R, Price Action Patterns which fall under the same Whatsapp group). Image is the same as my previous post and is zoomed under M1. {image} {image}
Hi, who is "George" and what is his target theory? If you have a link, it would be appreciated! Thanks.
  • #1,065
  • Mar 6, 2021 8:44pm Mar 6, 2021 8:44pm
Quoting Pumi
{quote} I'm still sceptical about Order Blocks. George's Targets theory (High, Low and Liquidity Gap) covers the Order Blocks automatically and it also doesn't distract your attention away from what is happening (that is the psychology unlike the Order Blocks, SnD, S/R, Price Action Patterns which fall under the same Whatsapp group). Image is the same as my previous post and is zoomed under M1. {image} {image}
i am not aware about George targets, can you spread some light please how to know the targets.
"Exchange of hands"
  • #1,066
  • Edited 9:53pm Mar 7, 2021 1:37pm | Edited 9:53pm
Quoting bilal1947
{quote} i am not aware about George targets, can you spread some light please how to know the targets.
George's Targets are the same as ICT's Old Low/High, Recent Low/High, Clean or Equal High/Low (S/R or Herd Mentality Validation), Liquidity Void (Liquidity Gap) and FV Gap. George = George_AUS.

Michael defines a Bullish Order Block as "The Lowest Candle or Price Bar with a Down Close that has the most range between Open to Close and is near a “Support” level." Note "near a Support Level". This means that an Order Block is subject to the same weaknesses as that of a Support and Resistance strategy as well as Supply and Demand (Stop Hunt or Liquidity Grab).

If you simplify the move or the returning to the Order Block or strengthening the case of an Order Block use I think you should consider adding the "Targets" (High, Low, Liquidity Void and Fair Value Gap to the mix. This is not deviating from the Divergence, BOS and Return to OB. Have a look at the attached image. Price didn't return to the Order Block but rather it filled the Fair Value Gap to the pip. So we can say price does not return to the Order Block but rather it goes for liquidity/inefficiency near the beginning of the reversal. The area where it goes for inefficiency happens to coincide with OB or SnD Zone. We can say the intention was actually to fill the Fair Value Gap and not to return to some area called Order Block.

My point is remove Order Block from your mind and ask yourself why price has to return there and what is the price level it is likely to be targeting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-m1 (2021-03-07).png Size: 67 KB
Click to Enlarge Name: eurusd-m1 (2021-03-07)(2).png Size: 71 KB
  • #1,067
  • Mar 7, 2021 4:24pm Mar 7, 2021 4:24pm
Quoting Pumi
{quote} George's Targets are the same as ICT's Old Low/High, Recent Low/High, Clean or Equal High/Low (S/R or Herd Mentality Validation), Liquidity Void (Liquidity Gap) and FV Gap. George = George_AUS. Michael defines a Bullish Order Block as "The Lowest Candle or Price Bar with a Down Close that has the most range between Open to Close and is near a “Support” level." Note "near a Support Level". This means that an Order Block is subject to the same weaknesses as that of a Support and Resistance strategy as well as Supply and Demand (Stop Hunt or...
Thanks for the explanation and charts - it's much appreciated
  • #1,068
  • Edited 11:15pm Mar 7, 2021 11:05pm | Edited 11:15pm
I find the Weis Volume indicator (set on Tick) to be a useful tool at confirming the Divergence of the RSI.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-m1 (2021-03-08)(2).png Size: 67 KB
Click to Enlarge Name: gbpusd-m1 (2021-03-08)(1).png Size: 82 KB
  • #1,069
  • Mar 8, 2021 8:06am Mar 8, 2021 8:06am
Quoting Pumi
I find the Weis Volume indicator (set on Tick) to be a useful tool at confirming the Divergence of the RSI. {image} {image}
Love your charts are you on Telegram ?
  • #1,070
  • Mar 8, 2021 12:14pm Mar 8, 2021 12:14pm
........hi bilal ........... any useful supply and demand indicators that helps with this method............. thanks
  • #1,071
  • Mar 9, 2021 10:50am Mar 9, 2021 10:50am
Quoting Pumi
{quote} George's Targets are the same as ICT's Old Low/High, Recent Low/High, Clean or Equal High/Low (S/R or Herd Mentality Validation), Liquidity Void (Liquidity Gap) and FV Gap. George = George_AUS. Michael defines a Bullish Order Block as "The Lowest Candle or Price Bar with a Down Close that has the most range between Open to Close and is near a “Support” level." Note "near a Support Level". This means that an Order Block is subject to the same weaknesses as that of a Support and Resistance strategy as well as Supply and Demand (Stop Hunt or...
Hi Pumi

thank you for sharing your insight and i totally agree with it.
Attached Image (click to enlarge)
Click to Enlarge Name: 861bde8a5d67021cd468324ed1667165.png Size: 206 KB
"Exchange of hands"
  • #1,072
  • Mar 9, 2021 10:52am Mar 9, 2021 10:52am
Quoting klm1011
........hi bilal ........... any useful supply and demand indicators that helps with this method............. thanks
there are many out there i dont use one myself to be honest.
"Exchange of hands"
  • #1,073
  • Mar 9, 2021 12:01pm Mar 9, 2021 12:01pm
Quoting GuapKing
{quote} Love your charts are you on Telegram ?
Thanks. Yes. Just a private account.
  • #1,074
  • Mar 10, 2021 12:37am Mar 10, 2021 12:37am
Price can come as many times to OB till it gets all its orders filled, attached MTF fractals on H1 it helps to see equal highs, lows taken/respected.
Attached Image (click to enlarge)
Click to Enlarge Name: 66bf71490a3059a7832b2b1c02b97835.png Size: 94 KB
Attached File(s)
File Type: ex4 MTF_Fractal.ex4   20 KB | 530 downloads
"Exchange of hands"
  • #1,075
  • Mar 10, 2021 12:47am Mar 10, 2021 12:47am
Quoting bilal1947
Price can come as many times to OB till it gets all its orders filled, attached MTF fractals on H1 it helps to see equal highs, lows taken/respected. {file} {image}
And that is one of the differences between Order Blocks and Supply/Demand Zones. The Zones must be fresh whereas in terms of the Order Block it does not have to be fresh.
  • #1,076
  • Mar 10, 2021 12:52am Mar 10, 2021 12:52am
GU on the way up....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-m5 (2021-03-10).png Size: 57 KB
Click to Enlarge Name: gbpusd-m15 (2021-03-10).png Size: 72 KB
  • #1,077
  • Mar 10, 2021 1:27am Mar 10, 2021 1:27am
Quoting Pumi
GU on the way up.... {image} {image}
Yes it has to go up as per seasonality too but its a bit early perhaps after 15th 1.3800 a good level to buy
"Exchange of hands"
  • #1,078
  • Mar 10, 2021 10:47am Mar 10, 2021 10:47am
Quoting Pumi
{quote} And that is one of the differences between Order Blocks and Supply/Demand Zones. The Zones must be fresh whereas in terms of the Order Block it does not have to be fresh.
I kinda agree ... both kinda operate almost similarly. Volatility and swings set them apart.

10Q
  • #1,079
  • Edited 1:23pm Mar 10, 2021 12:24pm | Edited 1:23pm
Accuracy practice.Attachment gYES Zero drawdowns dont do it on real accounts unless you master the process it will take 6+months. Trust me ! it wont come in a month or so.
Attached Image (click to enlarge)
Click to Enlarge Name: d5e9e60fb44b4eb7824d0e7feeb50841.png Size: 59 KB
"Exchange of hands"
  • #1,080
  • Mar 10, 2021 12:33pm Mar 10, 2021 12:33pm
Quoting bilal1947
Accuracy practice.{image} and YES Zero drawdowns dont do it on real accounts unless you master the process it will take 6+months. Trust me ! it wont come in a month or so.{image}

OMG! ️️️
Is this a live account!
Gracious goodness... THIS IS FANTASTIC.
Smart hard work sure pays off.
I you wrote a book, I'm buying it.
Wow! More 2u!

Here are some of the setups I'm looking for on M1.

10Q
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