1M Price Action System

Quoting Ziemowit

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{quote} Dear Pumi, Im following this thread but still have some doubts, your entry would be on point 1 or 2? i understand it that OB area is marked on yellow so i would enter on point 1. Im just asking to have it clear and would like to take this oppotunity to say thank you gys for your effort and keep going! Thanks! {image}

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Quoting Pumi

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I was just wondering... when it comes to divergence why do we use the High and Low of the candles instead of the Close. My RSI settings are using the Close and so it would make sense to compare apples with apples. For a Bearish Divergence you use the Close of the Last Up Candles and for Bullish Divergence you use the Close of the Last Down Candle. Has anyone ever researched and back-tested this? Have a look at the attached GU chart images. {image} {image}

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Quoting Zyzel

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{quote} Hi Pumi, I back-tested and had done the research before. In my opinion, the RSI inputs would not differ much if you opted close or High/Low. Both have their pros & cons. Just stick to what you are practicing Below, I'm attaching the screenshot of both RSI in both close and High settings for your reference. Cheers, Zyzel {image}

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Quoting aud

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I didn't have an answer to this so I used HLC/3!

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Quoting bilal1947

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I was all thinking the D has mitigated C and it has to bearish but who mitigated B? E comes into the picture to mitigate B, and B has mitigated A already and it may be a E is a LH on a weekly perhaps, it will all depends on F ? {image}

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Quoting stevepatt

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GBP/USD H4 H1 M15 M1 Observations {image}

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Quoting Pumi

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{quote} No stress. My curiosity is on leaving the RSI setting to Close. And then instead of using the Highs or Lows (wicks) of the bar or candle you use the Close of the Last Up/Down bars/candles. EDit: More applicable to a horizontal consolidation like on the attached image. {image}

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Quoting Ziemowit

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Hello, is this a set up we are looking for ? im not sure about the divergence on RSI . entry would be first touch to green are, sl below green area. what you think? Thanks! {image}

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Quoting Pumi

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I was just wondering... when it comes to divergence why do we use the High and Low of the candles instead of the Close. My RSI settings are using the Close and so it would make sense to compare apples with apples. For a Bearish Divergence you use the Close of the Last Up Candles and for Bullish Divergence you use the Close of the Last Down Candle. Has anyone ever researched and back-tested this? Have a look at the attached GU chart images. {image} {image}

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Quoting aud

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I didn't have an answer to this so I used HLC/3!

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Quoting Ziemowit

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Hello, is this a set up we are looking for ? im not sure about the divergence on RSI . entry would be first touch to green are, sl below green area. what you think? Thanks! {image}

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Quoting bilal1947

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{quote} what is /3 ?

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Quoting bilal1947

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{quote} Weekly LH ? {image} Daily - price may not respect the OB if it has to be bearish - (B has mitigated A, and C has mitigated B - F has to hold prices be bullish) {image}

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Quoting Pumi

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{quote} It becomes easier for me to look at the BOS and not the OB. Simply there is a BOS within an OB. This helps me to understand when an OB is violated. However my limit is M1 - I recognize an OB only on M1 (above M1 I see a BOS). it would have been nice to have a tick data history instead of M1 as I want to see the BOS and not a 1 minute block (OB). With this understanding I also don't have to use any indicator besides a clean chart. Great work with this thread Bilal. I am seeing things that I have been overlooking.

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Quoting xiaotiao

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{quote} Hi, this is divergence {image}

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