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1M Price Action System

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  • #1,381
  • Apr 9, 2021 10:19am Apr 9, 2021 10:19am
GBP/USD M15 M1 Short Trade
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  • #1,382
  • Apr 9, 2021 10:58am Apr 9, 2021 10:58am
Daily candle - price has pierced D and taken a good reaction from E, now it may fill the FVG or it may create an intra day distribution and fall after some retacement.
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"Exchange of hands"
  • #1,383
  • Apr 9, 2021 8:49pm Apr 9, 2021 8:49pm
I was watching a trader video talking about S&D on EURAUD... I thought of maybe there is a nice divergence. Sure enough...
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  • #1,384
  • Apr 9, 2021 9:04pm Apr 9, 2021 9:04pm
Quoting deafpostman
I was watching a trader video talking about S&D on EURAUD... I thought of maybe there is a nice divergence. Sure enough... {image}
yes, upon the second test of the box after the bos is entry.
"Exchange of hands"
  • #1,385
  • Edited 3:15am Apr 11, 2021 2:25am | Edited 3:15am
The more you practice the more you notice certain things...
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  • #1,386
  • Apr 11, 2021 4:13am Apr 11, 2021 4:13am
Quoting Pumi
The more you practice the more you notice certain things... {image} {image} {image}

Hi Pumi,

HTF Reference Points will give us the Locations to start looking for M1 PA and Order Flow this is the Key Element

I know you and other more experienced Traders know this

But, there are a lot of newer Traders who can't quite get their heads around how to use the Order Blocks

Every Trader, really, will have to find their preference for using them that comes with time and experience

Personally I have been looking for ways to only look at and Trade the one TF M1 with no other Reference

I haven't been successful (yet) in doing this

Higher Time Frame Order Blocks have provided the Reference Points I need to Trade M1

I hope charts below make sense
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  • #1,387
  • Edited 5:07am Apr 11, 2021 4:56am | Edited 5:07am
Quoting stevepatt
{quote} Hi Pumi, HTF Reference Points will give us the Locations to start looking for M1 PA and Order Flow this is the Key Element I know you and other more experienced Traders know this But, there are a lot of newer Traders who can't quite get their heads around how to use the Order Blocks Every Trader, really, will have to find their preference for using them that comes with time and experience Personally I have been looking for ways to only look at and Trade the one TF M1 with no other Reference I haven't been successful (yet) in doing this Higher...
Yes I agree with you. I do a top-down analysis.

The above is just something that I have noticed as I was going about practicing Bilal's Divergence-BOS-OB. I did not only look at areas where there is divergence. I have looked at it also on the HTF as the market is fractal and I am finding the same thing repeating itself. It is something that still needs more testing and research. I am sharing this so other experienced traders can have a look at it. I have written some rules as I go along with the tests and I am not sharing the rules as I do not want others to see the way I see it (I want them to see beyond). If one sees the way I see it without my rules then that might confirm what I'm seeing. I have seen Bilal trading, successfully, both what I call the Opposite Direction Candle BOS (assumed swing that goes with divergence) and the Runaway BOS (https://www.forexfactory.com/thread/...7#post13329197) and I tried to make sense of it. What I have noticed and what I call the Opposite Direction Candle(s) BOS and Mother Bar BOS do not need a divergence confirmation.

This is just a food for thought as I go about trying to figure out what I set to find when I started following Bilal's thread.

Edit: Runaway BOS - Bilal's trade: https://www.forexfactory.com/thread/...1#post13324561
  • #1,388
  • Edited 6:03am Apr 11, 2021 5:39am | Edited 6:03am
The following is trade that was posted by Bilal (https://www.forexfactory.com/thread/...0#post13322450) and is followed by what I noticing.

Edit: If price doesn't return below or above the BOS line OB then it's a Runaway BOS and you can catch it on the OB of the re-accumulation/re-distribution (or retest of the Runaway BOS line).
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  • #1,389
  • Edited 7:23am Apr 11, 2021 5:45am | Edited 7:23am
market moves from ob to ob (in between taking liquidity and at swing points) and each of the ob in a trending market can be traded when their is trending bos not a reversal, we mostly trying to catch reversal with a BOS generally.

Michael has not used any where RSI but i have added the flavor of rsi. it is a very important lesson to me and is called SMT (smart money technique as per Michael, michael use correlation of other currencies in place of RSI (shift in market structure SMS called by others), i dont see RSI as overbought or oversold but only for divergence it is such a powerful tool and it needs explanation how michael does it.

below is a video where Michael tries to explain it but i have alot of question in that so rather using his way, i started using RSI as SMT tool for me and only when one leg jumps into 85 to 70 or 15 to 30 then a signal trigger but subject to a BOS, hope it is clear why RSI is part of my system as at this point correlative currencies are in divergence and need a quick reaction. Even on any time frame but higher TF gives hugeeeeee R 2 R.

youtube video i have to search, i will find and share it sooner.

why i loose because of lack of discipline:
- dont have patience
- when free and like to trade 24/7
- dont keep a target % and stop like Din3r0
- jumps with all the money available
"Exchange of hands"
  • #1,390
  • Apr 11, 2021 5:50am Apr 11, 2021 5:50am
Quoting bilal1947
market moves from ob to ob and each of the ob in a trending market can be traded when their is trending bos not a reversal, we mostly trying to catch reversal with a BOS generally. Michael has not used any where RSI but adding the flavor of rsi is a very important lesson and is called SMT (smat money tool as per Michael, michael use colleration of other currencies or SMS - shift in market structure SMS called by others), i dont see RSI as overbought or oversold but only for divergence it is such a powerful tool and it needs explanation.. below is...
I understand. I also use the RSI (as you can see on my chart images). The point I'm raising is what happens when there is no divergence? One might miss out on a good trade. I am trying to trade without the RSI to tell me that this could be a good trade. These could be some additions to a good system.
  • #1,391
  • Apr 11, 2021 5:57am Apr 11, 2021 5:57am
Quoting Pumi
The following is trade that was posted by Bilal (https://www.forexfactory.com/thread/...0#post13322450) and is followed by what I noticing. Edit: If price doesn't return below or above the BOS line OB then it's a Runaway BOS and you can catch it on the OB of the re-accumulation/re-distribution (or retest of the Runaway BOS line). {image} {image}
what i have noticed that a continuation of trend no need a BOS, it will fly like anything, or after a BOS when price go for stop hunt that is the 3rd touch of the trend line and can be traded directly if it has behind in time some H1, H4, D1 OB as confluence

like divergence a continuation pattern. because we only noticing divergence but and same way convergence can be trade too.
"Exchange of hands"
  • #1,392
  • Apr 11, 2021 6:08am Apr 11, 2021 6:08am
Quoting bilal1947
{quote} what i have noticed that a continuation of trend no need a BOS, it will fly like anything, or after a BOS when price go for stop hunt that is the 3rd touch of the trend line and can be traded directly if it has behind in time some H1, H4, D1 OB as confluence like divergence a continuation pattern. because we only noticing divergence but and same way convergence can be trade too.
Yes, it is very important to be aware of the OB from the previous swings or range as it can be used as a stop of the stop hunt.
  • #1,393
  • Apr 11, 2021 6:16am Apr 11, 2021 6:16am
Quoting Pumi
{quote} Yes, it is very important to be aware of the OB from the previous swings or range as it can be used as a stop of the stop hunt.
there is no way one can tell it is a runaway unless it didnt comes back risky one need some confluence to jump in
"Exchange of hands"
  • #1,394
  • Edited 7:30am Apr 11, 2021 6:19am | Edited 7:30am
Lesson #6 SMT divergence: ( i used RSI as an alternate i dont see believe in overbought/sold but this)
updated this new lesson to post #1

2020

Inserted Video


2017

Inserted Video
"Exchange of hands"
  • #1,395
  • Apr 11, 2021 6:22am Apr 11, 2021 6:22am
Pumi did you check NJAT (not just an ordinary trade) course? a must watch its a 1M trading style like here we do

you should get it in telegram channels i shared
"Exchange of hands"
  • #1,396
  • Apr 11, 2021 6:26am Apr 11, 2021 6:26am
Quoting bilal1947
{quote} what i have noticed that a continuation of trend no need a BOS, it will fly like anything, or after a BOS when price go for stop hunt that is the 3rd touch of the trend line and can be traded directly if it has behind in time some H1, H4, D1 OB as confluence like divergence a continuation pattern. because we only noticing divergence but and same way convergence can be trade too.
this is what i was talking about: convergence in RSI, rsi price leg went above 70, behind 4HOB, a LH in price. thats why it didnt need a retest is a continuation of a trend.
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"Exchange of hands"
  • #1,397
  • Apr 11, 2021 6:37am Apr 11, 2021 6:37am
Quoting bilal1947
Pumi did you check NJAT (not just an ordinary trade) course? a must watch its a 1M trading style like here we do you should get it in telegram channels i shared
I'll check it. Thanks man.
  • #1,398
  • Apr 11, 2021 6:51am Apr 11, 2021 6:51am
Quoting bilal1947
Pumi did you check NJAT (not just an ordinary trade) course? a must watch its a 1M trading style like here we do you should get it in telegram channels i shared
I managed to download the PDFs and I will still look for the videos. I had a look on one of the PDFs and it is interesting that they touched on something that I also wanted to write about on the thread - that the BOS move (AB) tends to be impulsive. When I was going through your images again I also took note of the move that returns to the OB tends to be corrective. An Elliott Wave trader would say it forms a 12345 waves (impulsive BOS move) and an ABC, WXY or WXYZ waves (a corrective move to the OB).
  • #1,399
  • Apr 11, 2021 7:39am Apr 11, 2021 7:39am
dont miss the analysis / commentaries of Micheal: (you will find them in the telegram channels)

so far available commentaries are of below years month by month

2016/2017 - few months from both years
2020 - full year
2021 - Jan & Feb only
"Exchange of hands"
  • #1,400
  • Apr 11, 2021 7:57am Apr 11, 2021 7:57am
Bilal u have made a difference!

Been two month learning abt forex, and God led me to u. You have cut my development as a trader in years if not decades.

I thought i was light years away from being good at this, but u happend...and Ta Da.....im flipping accounts with 0.01 lot

Im forever and ever grateful....
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