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1M Price Action System

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  • #1,141
  • Mar 19, 2021 8:00am Mar 19, 2021 8:00am
Quoting mazprofx
Hi, bilal, I have been watching your thread for quite a while, great stuff. How will you trade the following setup in GBPUSD M30 timeframe. 1. It made bullish divergence. 2. Break of Structure, 3. Retest of OB {image} So, you will enter here directly or dive down in M1 timeframe and wait for divergence, BOS, and Retest of OB?

Like in above post of Pumi is my view as well, because price taken the liquidity below the relative equal lows, filling the gap landed into 1H OB, now price should go up.

scaling down to 1M o 5M then see price action for me is must at the moment.
"Exchange of hands"
  • #1,142
  • Mar 19, 2021 8:01am Mar 19, 2021 8:01am
Quoting Pumi
{quote} Interesting view though I see it differently... Edit: It can go even further down. Check the ADR. I'm holding a Sell at the moment. {image} {image}
TP hit. I'm out.
  • #1,143
  • Mar 19, 2021 8:19am Mar 19, 2021 8:19am
GBPUSD - entry - closed it
Attached Image (click to enlarge)
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gold entry M1: - hit BE
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"Exchange of hands"
  • #1,144
  • Mar 19, 2021 8:27am Mar 19, 2021 8:27am
Dear Pumi/Bilal,

Can you share ADR further confirmation setting or Book PDF or link. I hope ADR confirmation give more accuracy. I followed Mr, Bilal strategy religiously (I am checking now as per Bilal trading setup - HTF OB down grade to 1M and checking divergency, then waiting for hit the order). Please share the details or link about ADR confirmation.

Thank you so much for all your support and guidance.
  • #1,145
  • Mar 19, 2021 8:31am Mar 19, 2021 8:31am
The usual.....+10 on full lot size and +30 on partial. First 10 pips is my quota for the day, the next 30 pips was icing for the cake Done for the day and hope everyone has a great weekend. I’m going to spend about 10hrs this weekend watching Michael’s videos on YouTube. Material
Attached Image (click to enlarge)
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  • #1,146
  • Mar 19, 2021 8:37am Mar 19, 2021 8:37am
Quoting ajentha
Dear Pumi/Bilal, Can you share ADR further confirmation setting or Book PDF or link. I hope ADR confirmation give more accuracy. I followed Mr, Bilal strategy religiously (I am checking now as per Bilal trading setup - HTF OB down grade to 1M and checking divergency, then waiting for hit the order). Please share the details or link about ADR confirmation. Thank you so much for all your support and guidance.
There are many MT4 indicators that calculates ADR and you can search on FF. I preferred to calculate it manually on Excel as some indicators might use the last 12 months, 3 years, 5 years, 10 years, etc. One of BTMM indicators ("!SM_NewHUD") is also good for that. Note the price might not go for the full ADR and hence I do it on Excel to also see the minimum and then calculate the average between the 2. So I end up with 3 limits (minimum, medium and maximum average).

Edit: You can download the Daily data and open the CSV file on Excel and do your custom calculations. Or search for ADR indicator on FF or Google.
  • #1,147
  • Mar 19, 2021 11:47pm Mar 19, 2021 11:47pm
Quoting bilal1947
GBPUSD - entry - closed it {image} gold entry M1: - hit BE {image}
Hey Bilal,

I was going through the thread and the system pretty insteresting... Also PDFs.... However I saw the indicator giving signals whenever breaking structure and OB appears. Have you used that indicator? Do you recommend using it ? (as a beginner)

Thank you

Have a good weekend everyone
  • #1,148
  • Mar 19, 2021 11:53pm Mar 19, 2021 11:53pm
Quoting Akaykenann
{quote} Hey Bilal, I was going through the thread and the system pretty insteresting... Also PDFs.... However I saw the indicator giving signals whenever breaking structure and OB appears. Have you used that indicator? Do you recommend using it ? (as a beginner) Thank you Have a good weekend everyone
manual is always better
"Exchange of hands"
  • #1,149
  • Mar 20, 2021 12:18am Mar 20, 2021 12:18am
Quoting bilal1947
{quote} manual is always better
alright thank you for reply
  • #1,150
  • Mar 20, 2021 2:25am Mar 20, 2021 2:25am
Hello to all.

If you look at the ICT videos or other smartmoney videos and materials, tradingview is actually always used.
Michael also seems to have switched years ago.

Do you all only work with MT4?
For backtesting Tradingview seems to me to be more useful but it also costs.
How do you do that?

Have a nice weekend.
  • #1,151
  • Mar 20, 2021 3:23am Mar 20, 2021 3:23am
Quoting Acidcore
Hello to all. If you look at the ICT videos or other smartmoney videos and materials, tradingview is actually always used. Michael also seems to have switched years ago. Do you all only work with MT4? For backtesting Tradingview seems to me to be more useful but it also costs. How do you do that? Have a nice weekend.
I use TradingView now and then but I prefer MT5 (as you can see some of my posts). I use MT5 for back-testing, analysis and trading. I only use MT4 when I want to use an indicator such as the one Bilal use for the alignment of the time-frames based on the 10 and 20 MAs. TradingView is not user friendly for my preference. Every time I get annoyed from its functionality I immediately switch back to MT5. Of course MT5 also has its own limitations that I can live with.

In one of his videos Michael stated why he now uses TradingView.

It doesn't really matter which one you use you are still faced with the same chart. Just use the one you are comfortable with.
  • #1,152
  • Mar 20, 2021 4:01am Mar 20, 2021 4:01am
Quoting Acidcore
Hello to all. If you look at the ICT videos or other smartmoney videos and materials, tradingview is actually always used. Michael also seems to have switched years ago. Do you all only work with MT4? For backtesting Tradingview seems to me to be more useful but it also costs. How do you do that? Have a nice weekend.
I even stayed on MT4, not so comfortable with TV. back testing H1 is also okay for me.
"Exchange of hands"
  • #1,153
  • Mar 20, 2021 10:21am Mar 20, 2021 10:21am
Quoting Acidcore
Hello to all. If you look at the ICT videos or other smartmoney videos and materials, tradingview is actually always used. Michael also seems to have switched years ago. Do you all only work with MT4? For backtesting Tradingview seems to me to be more useful but it also costs. How do you do that? Have a nice weekend.
Do not blame the tool. Blame the hand holding the tool. The tool does not build or destroy. The hand holding the tool is responsible. You must learn how to use the tools provided properly. Do not blame the tool because you have failed to learn how it works and failed to practice how to use it. Any mirror will reveal where your problems lie.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,154
  • Mar 20, 2021 2:58pm Mar 20, 2021 2:58pm
Quoting ajentha
Dear Pumi/Bilal, Can you share ADR further confirmation setting or Book PDF or link. I hope ADR confirmation give more accuracy. I followed Mr, Bilal strategy religiously (I am checking now as per Bilal trading setup - HTF OB down grade to 1M and checking divergency, then waiting for hit the order). Please share the details or link about ADR confirmation. Thank you so much for all your support and guidance.
mostly i see adr as price get exhausted once its reached adr high of the day, opposite to this In an uptrend price goes to yesterday (s) low to do the adr low and the reverse as making a lower low, this second one is a very good buy entry in an uptrend rather taking a reversal trade against the trend.

Michael video with references to daily bias:
Inserted Video
"Exchange of hands"
  • #1,155
  • Mar 20, 2021 3:34pm Mar 20, 2021 3:34pm
GBP/USD H4/M15 Observations

It's interesting to see what happens when a Order Block gets Broken (Breaker) especially on the Lower Time Frames
Attached Image(s) (click to enlarge)
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  • #1,156
  • Edited 11:38pm Mar 20, 2021 4:08pm | Edited 11:38pm
Quoting stevepatt
GBP/USD H4/M15 Observations It's interesting to see what happens when a Order Block gets Broken (Breaker) especially on the Lower Time Frames {image} {image}
Retesting is almost done on H4 of the OB and beautiful relative equals highs sitting to be taken at 1.4 my bias is bullish finger

Attached Image (click to enlarge)
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#advancedalientrading - you may google the hashtag or on youtube.
"Exchange of hands"
  • #1,157
  • Edited 5:04am Mar 21, 2021 4:39am | Edited 5:04am
Quoting bilal1947
{quote} Retesting is almost done on H4 of the OB and beautiful relative equals highs sitting to be taken at 1.4 my bias is bullish finger {image} #advancedalientrading - you may google the hashtag or on youtube.
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Perfection is the enemy of good enough!
  • #1,158
  • Mar 21, 2021 5:53am Mar 21, 2021 5:53am
Quoting bilal1947
{quote} Retesting is almost done on H4 of the OB and beautiful relative equals highs sitting to be taken at 1.4 my bias is bullish finger {image} #advancedalientrading - you may google the hashtag or on youtube.
Hi Bilal,

Price might have to drop further in order to find enough Buy Orders to push it back up to the 1.4 Level
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Mar 21 GBPUSD H4 Observations.png Size: 128 KB
  • #1,159
  • Mar 21, 2021 6:01am Mar 21, 2021 6:01am
Quoting Pumi
{quote} There are many MT4 indicators that calculates ADR and you can search on FF. I preferred to calculate it manually on Excel as some indicators might use the last 12 months, 3 years, 5 years, 10 years, etc. One of BTMM indicators ("!SM_NewHUD") is also good for that. Note the price might not go for the full ADR and hence I do it on Excel to also see the minimum and then calculate the average between the 2. So I end up with 3 limits (minimum, medium and maximum average). Edit: You can download the Daily data and open the CSV file on Excel and...
Dear Pumi,

Thank you so much for your guidance and try to add this strategy along with Mr. Bilal strategy.
  • #1,160
  • Mar 21, 2021 6:09am Mar 21, 2021 6:09am
Quoting bilal1947
{quote} mostly i see adr as price get exhausted once its reached adr high of the day, opposite to this In an uptrend price goes to yesterday (s) low to do the adr low and the reverse as making a lower low, this second one is a very good buy entry in an uptrend rather taking a reversal trade against the trend. Michael video with references to daily bias: https://youtu.be/RLDLuYaZYI4
Dear Bilal,

Thanks a lot for your help and providing the ICT link. I will learn and add ADR strategy along with your 1M divergency strategy.

Thank you so much for provide the core point (Key point) ADR low & using it to buy when price making the lower low. I will learn and adopt it.

Have blessed week. Glory to GOD.
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