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1M Price Action System

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  • #1,301
  • Apr 3, 2021 11:24am Apr 3, 2021 11:24am
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.
Furthermore to keep the flavor of 1 min. scalping entries for you, here is the same rules applying on the 1M entry. hope its clear.
Attached Image (click to enlarge)
Click to Enlarge Name: b2b35d9e09ee4f9c4254e1295cd62eb7.png Size: 111 KB
"Exchange of hands"
  • #1,302
  • Apr 3, 2021 12:34pm Apr 3, 2021 12:34pm
Quoting bilal1947
{quote} 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 {image} H4 - price has retested A-OB at 1.3850 and stays under 89 Fib level, if it stays below then next level to watch...

Hi Bilal,

For me there is no one way of seeing things

I just "feel" looking at Market Structure Price is going higher next week

I might well be completely wrong ( I often am)

I always find the best way is to allow Price to lead and follow behind at a respectful distance
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Apr 21 GBPUSD D1 Observations 2.png Size: 127 KB
  • #1,303
  • Apr 3, 2021 12:36pm Apr 3, 2021 12:36pm
Quoting bilal1947
{quote} 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 {image} H4 - price has retested A-OB at 1.3850 and stays under 89 Fib level, if it stays below then next level to watch...
It's going to be an interesting week. Last month and week ended with an inside bar. On the Daily we have a possible Rejection Block and there is a bearish Order Block.
  • #1,304
  • Apr 3, 2021 12:38pm Apr 3, 2021 12:38pm
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.
That's a great input. Thanks.
  • #1,305
  • Apr 3, 2021 12:42pm Apr 3, 2021 12:42pm
Quoting stevepatt
{quote} Hi Bilal, For me there is no one way of seeing things I just "feel" looking at Market Structure Price is going higher next week I might well be completely wrong ( I often am) I always find the best way is to allow Price to lead and follow behind at a respectful distance {image}
i totally agree to follow the money with distance , i try to use the mitigation block concept using the daily BOS, as market being fractal, but again i can be wrong too where is the next HH??

one point while i was watching WWA course, they said a LL will only be confirmed after HH is formed as market me make another LL then a LH but we are talkin a daily chart but it is very interesting seeing daily candles and fractal markets.
"Exchange of hands"
  • #1,306
  • Apr 3, 2021 12:52pm Apr 3, 2021 12:52pm
some instrumental
Inserted Video
"Exchange of hands"
  • #1,307
  • Apr 3, 2021 1:01pm Apr 3, 2021 1:01pm
Quoting bilal1947
{quote} i totally agree to follow the money with distance , i try to use the mitigation block concept using the daily BOS, as market being fractal, but again i can be wrong too where is the next HH?? one point while i was watching WWA course, they said a LL will only be confirmed after HH is formed as market me make another LL then a LH but we are talkin a daily chart but it is very interesting seeing daily candles and fractal markets.
Hi Bilal,

You are right the D1 Higher Low hasn't been confirmed yet (no Higher High)

The reason I have a "Bullish Bias" is seeing how Price Failed to drop further into that D1 Bullish Order Block

Often we will see Price move Higher, looking for Sell Orders, before it can Drop through the "Gap" that has been created
  • #1,308
  • Apr 3, 2021 1:09pm Apr 3, 2021 1:09pm
Quoting stevepatt
{quote} Hi Bilal, You are right the D1 Higher Low hasn't been confirmed yet (no Higher High) The reason I have a "Bullish Bias" is seeing how Price Failed to drop further into that D1 Bullish Order Block Often we will see Price move Higher, looking for Sell Orders, before it can Drop through the "Gap" that has been created
yeah that there too, one should be flexible to see both the side and follow the money.
Attached Image (click to enlarge)
Click to Enlarge Name: c1f67b215f02ef046c8d3af51cffa4af.png Size: 89 KB
"Exchange of hands"
  • #1,309
  • Edited 4:01pm Apr 3, 2021 3:28pm | Edited 4:01pm
For the weekend
the ob i prefered is same on page 11 and 12

Source:
https://t.me/joinchat/VJk8Lms0UEbBs54V
Attached File(s)
File Type: pdf Tradable Order Blocks.pdf   1.2 MB | 56,051 downloads
"Exchange of hands"
  • #1,310
  • Apr 4, 2021 6:49am Apr 4, 2021 6:49am
Quoting Pumi
{quote} 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: https://www.youtube.com/watch?v=lH3h8oJ5K9k&t=66s {image} {image}
Thanks for that. There in English - I do not understand anything.
  • #1,311
  • Apr 4, 2021 7:05am Apr 4, 2021 7:05am
Quoting RomanUkraine
{quote} Thanks for that. There in English - I do not understand anything.
Not a problem, check this screenshots of a video how i change the subtitles to russian, hope it will help, plus google translate for PDFs.
Inserted Video


i have seen a few tv shows only with sub-titles only

step1 - turn on Captions in youtube
Attached Image

step 2 - click on settings icon next to CC icon, and click on auto translate and choose russain
Attached Image
Attached File(s)
File Type: pdf youtube subtitles any language.pdf   339 KB | 1,103 downloads
"Exchange of hands"
  • #1,312
  • Apr 4, 2021 10:15am Apr 4, 2021 10:15am
Quoting stevepatt
{quote} Hi Bilal, For me there is no one way of seeing things I just "feel" looking at Market Structure Price is going higher next week I might well be completely wrong ( I often am) I always find the best way is to allow Price to lead and follow behind at a respectful distance {image}

GBP/USD H4 H1 Observations

Trying to "Predict Price" is a futile exercise really

But it does help with developing Price Reading skills

Just remember to follow Price and not the "Prediction"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th Apr 21 GBPUSD H4 Observations.png Size: 94 KB
Click to Enlarge Name: 4th Apr 21 GBPUSD H1 Observations.png Size: 115 KB
  • #1,313
  • Apr 4, 2021 10:22am Apr 4, 2021 10:22am
Quoting stevepatt
{quote} GBP/USD H4 H1 Observations Trying to "Predict Price" is a futile exercise really But it does help with developing Price Reading skills Just remember to follow Price and not the "Prediction" {image} {image}
thank you steve

For reference gbpusd seasonal tendency is bullish whole april month.
"Exchange of hands"
  • #1,314
  • Apr 4, 2021 11:45am Apr 4, 2021 11:45am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD SEASONAL APRIL TRADE.png Size: 407 KB

Quoting bilal1947
{quote} thank you steve For reference gbpusd seasonal tendency is bullish whole april month.
Seasonals....I dont see alot being mentioned here about them, Kudos to Bilal, but very powerful and there are many Seasonal 100% patterns
These seasonal patterns can definitely be adapted to currency trading in the Spot market.
Its interesting what patterns appear based on Time... all the way from per hour/days/weeks and months.

Seasonality/Cycles is a part of ALL parts of this world and the Financial world is no exception.

Cheers
Blue
Master your Mind,,,Master the Market
  • #1,315
  • Apr 4, 2021 12:03pm Apr 4, 2021 12:03pm
Quoting stevepatt
{quote} GBP/USD H4 H1 Observations Trying to "Predict Price" is a futile exercise really But it does help with developing Price Reading skills Just remember to follow Price and not the "Prediction" {image} {image}
Thank you - I FOUND!
Inserted Video
  • #1,316
  • Apr 4, 2021 5:29pm Apr 4, 2021 5:29pm
Quoting bilal1947
{quote} 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....
Hi,bilal

Thank you for your explanation. I fully understood that. Talking about the VSA/MP, MP is very similar to the order block theory,
but I don't think that VSA would be much useful to your method. Anyway, here is a good thread about volume analysis created by Don Pato.
https://www.forexfactory.com/thread/...-volume?page=3 ,please check on page3/post49,50.
He defines the price movements as 3 step formation, Climax/Exhaustion/Absorption.
From my point of view, we've often experienced one more movement, Last pushing movement. This is trapping-retailtrader-movement, you know that.

Volume analysis is a little bit difficult to spot this formation without foot print chart.
Please check the chart attached below(I set bar type RSI in place of tick volume)
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.png Size: 104 KB


Hope it will be helpful for you guys.

Thanks in advance

giselle
  • #1,317
  • Apr 4, 2021 9:31pm Apr 4, 2021 9:31pm
Quoting giselle1723
{quote} Hi,bilal Thank you for your explanation. I fully understood that. Talking about the VSA/MP, MP is very similar to the order block theory, but I don't think that VSA would be much useful to your method. Anyway, here is a good thread about volume analysis created by Don Pato. https://www.forexfactory.com/thread/...-volume?page=3 ,please check on page3/post49,50. He defines the price movements as 3 step formation, Climax/Exhaustion/Absorption. From my point of view, we've often experienced one more movement, Last...
This makes thing more complicated and even required a commercial footprint chart.
Volume in forex????? then maybe have to add another commercial volume chart like what RickM is using.
  • #1,318
  • Apr 5, 2021 12:04am Apr 5, 2021 12:04am
Quoting RomanUkraine
{quote} Thank you - I FOUND! https://www.youtube.com/watch?v=NMTZFFPpMVk
Glad you made it.
"Exchange of hands"
  • #1,319
  • Apr 5, 2021 12:06am Apr 5, 2021 12:06am
Quoting giselle1723
{quote} Hi,bilal Thank you for your explanation. I fully understood that. Talking about the VSA/MP, MP is very similar to the order block theory, but I don't think that VSA would be much useful to your method. Anyway, here is a good thread about volume analysis created by Don Pato. https://www.forexfactory.com/thread/...-volume?page=3 ,please check on page3/post49,50. He defines the price movements as 3 step formation, Climax/Exhaustion/Absorption. From my point of view, we've often experienced one more movement, Last...
That's quite interesting honestly, i will check the link too.
thanks for sharing
"Exchange of hands"
  • #1,320
  • Apr 5, 2021 12:16am Apr 5, 2021 12:16am
Quoting bluesteele
{image} {quote} Seasonals....I dont see alot being mentioned here about them, Kudos to Bilal, but very powerful and there are many Seasonal 100% patterns These seasonal patterns can definitely be adapted to currency trading in the Spot market. Its interesting what patterns appear based on Time... all the way from per hour/days/weeks and months. Seasonality/Cycles is a part of ALL parts of this world and the Financial world is no exception. Cheers Blue
I usually see the seasonality every beginning and mid of the month as hindsight.

Most welcome Kevin! i am glad that you are there to guide us through with your gems and experience, as and when convenient to you.

Cheers
bilal
"Exchange of hands"
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