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1M Price Action System

  • Linked: I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • #1,201
  • Mar 26, 2021 1:18pm Mar 26, 2021 1:18pm
Quoting stevepatt
GBP/USD H1 M15 M1 Short Trade {image}
GBP/USD H1 M15 M1 Short Trade Result

Scratch

It's important to keep track of Price as the Trade progresses.

Sometimes it can just take too long for a Trade to pan out
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Mar 21 GBPUSD H1 M15 M1 Short Trade Result.png Size: 159 KB
  • #1,202
  • Mar 26, 2021 1:20pm Mar 26, 2021 1:20pm
Quoting stevepatt
GBP/USD H1 M15 M1 Long Trade {image}
GBP/USD H1 M15 M1 Long Trade Result

+10 Pips

The difference between this Long Trade and the Short one are obvious to see
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Mar 21 GBPUSD H1 M15 M1 Long Trade Result.png Size: 165 KB
  • #1,203
  • Mar 26, 2021 1:30pm Mar 26, 2021 1:30pm
Quoting stevepatt
{quote} GBP/USD H1 M15 M1 Long Trade Result +10 Pips The difference between this Long Trade and the Short one are obvious to see {image}
Great! focused on one pair and patience
"Exchange of hands"
  • #1,204
  • Mar 26, 2021 1:41pm Mar 26, 2021 1:41pm
Quoting bilal1947
{quote} Great! focused on one pair and patience
Hi Bilal,

It pays to get to know one pair intimately.

Looking for +10 Pips within an ADR of 70 or 80 Pips should be doable with patients.
  • #1,205
  • Mar 27, 2021 9:23am Mar 27, 2021 9:23am
Quoting Thakri
Hi there, Bilal and all the other members in here. I am so grateful to see how you trade, which is exactly what me and my friend were trying to do too. I don't like doing wyckoff, it stresses me out lol. I have been always trying to find a simple entry on the OBs and here it is, great job on this one. I have some confusions which I go through everyday when I am at my POI. I try to look for divergence and see what it is trying to signal me but time to time I see two divergences, two BMS which makes it hard to pick which one should I pick and take...
Hi Thakri,

Take a look at the HTF Order Blocks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Mar 21 Wall Street D1 Observations.png Size: 108 KB
Click to Enlarge Name: 27th Mar 21 Wall Street H1 Observations.png Size: 94 KB
Click to Enlarge Name: 27th Mar 21 Wall Street M3 Observations.png Size: 118 KB
  • #1,206
  • Mar 27, 2021 1:08pm Mar 27, 2021 1:08pm
ICT 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.

I think he could have gone further and say it is the area where there is a Break of Structure of a lower degree (or lower time frame). So when price returns to the Order Block it actually returns to the area of the Break of Structure of a lower degree.
  • #1,207
  • Mar 27, 2021 1:21pm Mar 27, 2021 1:21pm
Quoting Pumi
ICT 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. I think he could have gone further and say it is the area where there is a Break of Structure of a lower degree (or lower time frame). So when price returns to the Order Block it actually returns to the area of the Break of Structure of a lower degree.
thats a breaker block but who knows price may go to ob or a breaker, many times price dont retest just fly why is that or in what scenarios e.g steve chart above post.
"Exchange of hands"
  • #1,208
  • Mar 27, 2021 1:47pm Mar 27, 2021 1:47pm
Quoting Pumi
ICT 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. I think he could have gone further and say it is the area where there is a Break of Structure of a lower degree (or lower time frame). So when price returns to the Order Block it actually returns to the area of the Break of Structure of a lower degree.
Hi Pumi,

I think the charts below represent what you are talking about.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Mar 21 GBPJPY H1 Observations.png Size: 86 KB
Click to Enlarge Name: 27th Mar 21 GBPJPY M15 Observations.png Size: 113 KB
  • #1,209
  • Edited 3:28pm Mar 27, 2021 3:10pm | Edited 3:28pm
Quoting bilal1947
{quote} thats a breaker block but who knows price may go to ob or a breaker, many times price dont retest just fly why is that or in what scenarios e.g steve chart above post.
I am not talking about the Breaker Block. I'm talking about the Order Block. Just identify an Order Block on say H4 or H1 and after that zoom into the Order Block area by switching to the lower time frames.

Have a look at the attached images and ignore the fact that I use the Low of the candle and not the Open (this is for illustration purposes)

Edited: Note I didn't move the line showing the BOS and OB. You will also notice that sometimes ICT doesn't use one candle/bar.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-h4 (2021-03-27).png Size: 59 KB
Click to Enlarge Name: gbpusd-h1 (2021-03-27).png Size: 82 KB
Click to Enlarge Name: gbpusd-m5 (2021-03-27).png Size: 82 KB
  • #1,210
  • Mar 27, 2021 7:16pm Mar 27, 2021 7:16pm
Quoting Pumi
{quote} I am not talking about the Breaker Block. I'm talking about the Order Block. Just identify an Order Block on say H4 or H1 and after that zoom into the Order Block area by switching to the lower time frames. Have a look at the attached images and ignore the fact that I use the Low of the candle and not the Open (this is for illustration purposes) Edited: Note I didn't move the line showing the BOS and OB. You will also notice that sometimes ICT doesn't use one candle/bar. {image} {image} {image}
yes he could have said many more things but he didn’t go in that specific ltf details.
"Exchange of hands"
  • #1,211
  • Mar 27, 2021 9:36pm Mar 27, 2021 9:36pm
Quoting bilal1947
{quote} look for extremes range in oscillator for divergence 70-85 and 15-30. Price can do two things: - respect and OB and move away - take SL before moving back in the same OB direction - but after taken SL it retest/ take support of OB then follow the price.
Thank you for your reply, what exactly do you mean by range? The level of on RSI indicator as oversold being 30 & under and overbought being 70 & over or you mean the angle of the divergence?
  • #1,212
  • Mar 27, 2021 9:42pm Mar 27, 2021 9:42pm
Quoting stevepatt
{quote} Hi Thakri, Take a look at the HTF Order Blocks. {image} {image} {image}
Thanks for putting in your time to work on the chart I posted, I get what you mean. Better winning chances if I go with the flow yeah. I am currently doing some back test on divergence, BOS and RTO kind of entry and it is showing me some good results but have to manage the trade good. I will do more back test on that and get back to you guys with that.
  • #1,213
  • Mar 28, 2021 1:36am Mar 28, 2021 1:36am
someone in pvt asked me if i know any free ob indicator, here is one i found long back.
Attached File(s)
File Type: ex4 ICT Order blocks( with adr).ex4   133 KB | 1,070 downloads
"Exchange of hands"
  • #1,214
  • Mar 28, 2021 1:37am Mar 28, 2021 1:37am
Quoting Thakri
{quote} Thanks for putting in your time to work on the chart I posted, I get what you mean. Better winning chances if I go with the flow yeah. I am currently doing some back test on divergence, BOS and RTO kind of entry and it is showing me some good results but have to manage the trade good. I will do more back test on that and get back to you guys with that.
follow the price leave the rsi thing, its better in my opinion.
"Exchange of hands"
  • #1,215
  • Mar 28, 2021 2:35am Mar 28, 2021 2:35am
Quoting bilal1947
{quote} yes he could have said many more things but he didn’t go in that specific ltf details.
My point - the key is the BOS as you have shown in the thread. You can look at the OB in another angle - for example an engulfing candle shows that there could be an elephant in the pool (if it's not manipulation).
  • #1,216
  • Mar 28, 2021 5:29am Mar 28, 2021 5:29am
GBP/USD H4 Observations.

A view of Cable as we head into a new week.....
Attached Image (click to enlarge)
Click to Enlarge Name: 28th Mar 21 GBPUSD H4 Observations.png Size: 114 KB
  • #1,217
  • Mar 28, 2021 10:23am Mar 28, 2021 10:23am
Quoting stevepatt
GBP/USD H4 Observations. A view of Cable as we head into a new week..... {image}
A daily BOS has happened and price is at weekly OB, it can be a LL of weekly or if it breaks it as daily BOS happened it will remain bearish. keeping both the views lets see the week.
Attached Image (click to enlarge)
Click to Enlarge Name: 84ec61f523a325a302579df85d7e4770.png Size: 55 KB
"Exchange of hands"
  • #1,218
  • Mar 28, 2021 8:02pm Mar 28, 2021 8:02pm
Took this short from the bearish OB at 1H
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2021-03-28 at 7.55.20 PM.png Size: 556 KB
  • #1,219
  • Mar 28, 2021 10:19pm Mar 28, 2021 10:19pm
Dear Bilal/Pumi,

For my observation for 1M OB. But H1 & H4 OB level, price is not yet reached in M1 price.
Attached Image (click to enlarge)
Click to Enlarge Name: 57e70392ab8fbe5813208d2b54d74b16.png Size: 59 KB
  • #1,220
  • Edited 10:53pm Mar 28, 2021 10:24pm | Edited 10:53pm
Quoting bilal1947
someone in pvt asked me if i know any free ob indicator, here is one i found long back. {file}
Dear Bilal,

Thank you for the ICT OB indicator.
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