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1M Price Action System

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  • #1,281
  • Apr 2, 2021 5:35am Apr 2, 2021 5:35am
Quoting stevepatt
{quote} GBP/USD H1 M15 M1 Short Trade 2 {image}
GBP/USD H1 M15 M1 2 X Short Trades Results

+10 Pips

+10 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Apr 21 GBPUSD H1 M15 M1 Short Trades Results.png Size: 190 KB
  • #1,282
  • Apr 2, 2021 6:04am Apr 2, 2021 6:04am
Quoting stevepatt
{quote} GBP/USD H1 M15 M1 2 X Short Trades Results +10 Pips +10 Pips {image}
Its always good to pay the trader, i too booked profit by closing my 2nd entry but keep the 1st short trade running, and re-entered short with a BE as price stays under H1, M15 OB
Attached Image (click to enlarge)
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"Exchange of hands"
  • #1,283
  • Apr 2, 2021 6:42am Apr 2, 2021 6:42am
started reading from page 1, currently on page 40
3 entries from eurusd, please comment
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210402-205542_MetaTrader 4.jpg Size: 585 KB
  • #1,284
  • Apr 2, 2021 8:20am Apr 2, 2021 8:20am
Dear Bilal,

Thank you so much for sharing the useful indicators.

Nice OB & Fibo indicator. Please share the template setting.
  • #1,285
  • Apr 2, 2021 8:51am Apr 2, 2021 8:51am
Quoting ajentha
Dear Bilal, Thank you so much for sharing the useful indicators. Nice OB & Fibo indicator. Please share the template setting.
Welcome
Attached File(s)
File Type: zip 20210402 - BJ-template.zip   707 KB | 819 downloads
"Exchange of hands"
  • #1,286
  • Apr 2, 2021 9:49am Apr 2, 2021 9:49am
Quoting Zkk
started reading from page 1, currently on page 40 3 entries from eurusd, please comment thanks{image}
after the divergence, price goes up many times to a third higher high for sl hunting and then price drops.

in that case one can make a trend line and on the third touch after divergence can directly enter for sell. Since you’re a beginner read the attached pdfs books and some video link of course referred in post # 1
"Exchange of hands"
  • #1,287
  • Apr 2, 2021 9:52am Apr 2, 2021 9:52am
Quoting bilal1947
{quote} Its always good to pay the trader, i too booked profit by closing my 2nd entry but keep the 1st short trade running, and re-entered short with a BE as price stays under H1, M15 OB {image}
I was also on that Sell - TP hit exit. Like Steve I also entered late (I fell asleep for about an hour while waiting for the right time).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15 (2021-04-02).png Size: 60 KB
  • #1,288
  • Apr 2, 2021 9:55am Apr 2, 2021 9:55am
Quoting Pumi
{quote} I was also on that Sell - TP hit exit. Like Steve I also entered late (I fell asleep for about an hour while waiting for the right time). {image}
Today was my off so was available too.

Thats great everyone has taken the share i too closed the later entry but holding the first one for next week.
"Exchange of hands"
  • #1,289
  • Apr 2, 2021 1:38pm Apr 2, 2021 1:38pm
Quoting Pumi
{quote} You have correctly identified the OB at number 2. When you look at BOS don't just look at divergence side alone. The move up that created the divergence leading to number 2 is also a BOS on its own and in a process creating a range or wave that price might seek to retest within. This has to also be looked at with the bigger picture as the divergence failed to break the structure below (and means possible continuation or re-accumulation). I hope I didn't say too much but see yourself on what you labeled at number 2. PS: I think ask why the...
Guys. I do not know English, what is the level of BOS and how do you define it. Can anyone write so that I can translate via Google translate?.
Thanks, if possible with an example on the chart for the last week.
  • #1,290
  • Edited 3:40pm Apr 2, 2021 3:06pm | Edited 3:40pm
Quoting RomanUkraine
{quote} Guys. I do not know English, what is the level of BOS and how do you define it. Can anyone write so that I can translate via Google translate?. Thanks, if possible with an example on the chart for the last week.
Explained in pictures...

Edit: My first Market Structure lessons were, some years ago, from Damian Castilla (aka Mr. Pip in FF - his thread and terminology used: https://www.forexfactory.com/thread/...69#post8723169).

Check out one of his videos and his Youtube channel:
Inserted Video


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5 (2021-04-02).png Size: 67 KB
  • #1,291
  • Apr 2, 2021 5:28pm Apr 2, 2021 5:28pm
Attached File(s)
File Type: pdf Smart money entry types.pdf   995 KB | 99,030 downloads
"Exchange of hands"
  • #1,292
  • Apr 3, 2021 12:08am Apr 3, 2021 12:08am
The following link to Damian Castilla's video can be useful at structure analysis, order flow analysis and understanding divergence without the oscillator (leading to break of structure)...
Inserted Video
  • #1,293
  • Apr 3, 2021 2:07am Apr 3, 2021 2:07am
Quoting Pumi
The following link to Damian Castilla's video can be useful at structure analysis, order flow analysis and understanding divergence without the oscillator (leading to break of structure)... https://www.youtube.com/watch?v=k55VTGs4F-Q
️️️
thank you Pumi and keep sharing the great stuff
"Exchange of hands"
  • #1,294
  • Apr 3, 2021 2:13am Apr 3, 2021 2:13am
Hi,bilal1947

This is a very interesting thread, and your method is awesome.
I trade using volume analysis/divergence. The price moves from high volume area to another high volume area like a ping-pong.
It's similar to an order block theory.
Attached Image (click to enlarge)
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  • #1,295
  • Apr 3, 2021 5:56am Apr 3, 2021 5:56am
I see some of us were in similar trades around similar times. Except for Bilal he was in extremely early lol. For me after news dropping and the 4hr bar not going above previous 4hr bar high I was sold on the idea that the market was gonna sell off. It checked back into the OB and I waited for it to actually exit and entered for +16. I had a partial running but closed it due to market getting ready to close.
Attached Image(s) (click to enlarge)
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  • #1,296
  • Apr 3, 2021 5:58am Apr 3, 2021 5:58am
Quoting bilal1947
{image}
Dear Bilal/Pumi,

Thank you so much Masters to helping us and like us.
  • #1,297
  • Apr 3, 2021 6:12am Apr 3, 2021 6:12am
GBP/USD D1 H4 H1 Observations

If Price continues to climb it will be interesting to see how it reacts around the 1.40000 Level next week???

The important thing is not to get to caught up in predictions and Follow Price....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd Apr 21 GBPUSD D1 Observations.png Size: 88 KB
Click to Enlarge Name: 3rd Apr 21 GBPUSD H4 Observations.png Size: 104 KB
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  • #1,298
  • Edited 7:37am Apr 3, 2021 7:20am | Edited 7:37am
Quoting stevepatt
GBP/USD D1 H4 H1 Observations If Price continues to climb it will be interesting to see how it reacts around the 1.40000 Level next week??? The important thing is not to get to caught up in predictions and Follow Price.... {image} {image} {image}
Hi Steve

The scenario is very interesting

Below is a D1 chart i felt A - order block is mitigated by B (the next to B candle is SL hunting and but stays under B before going short) and next C is the OB which makes the BOS and D the last daily candle is a doji or confused, we need to see how many orders are in C OB, if next daily candle disrespects the C-OB orders and retest it again and GBP may goes bullish to 1.4
Attached Image (click to enlarge)
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H4 - price has retested A-OB at 1.3850 and stays under 89 Fib level, if it stays below then next level to watch 1.37750 (since daily BOS happened, bias is bearish)
Attached Image (click to enlarge)
Click to Enlarge Name: 9ef75bff4ccf343f6b253580dd02382a.png Size: 79 KB


please correct me at any point you feel me to be corrected, it is how i am seeing it and it may not happens and below Weekly OB comes into the picture so keeping fingers crossed.
Attached Image (click to enlarge)
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"Exchange of hands"
  • #1,299
  • Apr 3, 2021 8:11am Apr 3, 2021 8:11am
hi,bilal1947

This is not your thread theme,but it's just for your reference.
I checked out my footprint chart(level2 volume data),there is previous high volume area between 1.3870-1.3900,especialy around 1.3890-1.3900.
And also,there is a little bit big short orders left around 1.3890. If they will not put aggressive long market order above1.3870-1.3880,
the price will move down to 1.3750,maybe....


Sorry to distract/disturb your thread.
  • #1,300
  • Apr 3, 2021 8:26am Apr 3, 2021 8:26am
Quoting giselle1723
hi,bilal1947 This is not your thread theme,but it's just for your reference. I checked out my footprint chart(level2 volume data),there is previous high volume area between 1.3870-1.3900,especialy around 1.3890-1.3900. And also,there is a little bit big short orders left around 1.3890. If they will not put aggressive long market order above1.3870-1.3880, the price will move down to 1.3750,maybe.... Sorry to distract/disturb your thread.
Hi Mate

Youre welcome !

sorry i missed your earlier post, to be honest i dont know vsa/market profile at the moment.
yes! rather the thread dies the starting i proved to be an scalper for deeper understanding of markrt structure n prices n thats how one should start and on the journey moving without RSI but rest of the method is the same, everyone is welcome who are interested will gets the value though i am not plan to make a new thread.

you may put some annotation to your chat what candle to see ans which candle to enter will be much helpful. thanks

regards
bilal
"Exchange of hands"
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