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1M Price Action System

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  • #1,461
  • Apr 14, 2021 3:29pm Apr 14, 2021 3:29pm
Attached Image (click to enlarge)
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Enter and exit. Sometimes same side exit, sometimes opposite side exit. But always exit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,462
  • Apr 14, 2021 3:35pm Apr 14, 2021 3:35pm
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Price in M1, M5 and M15 imbalance zones.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,463
  • Apr 14, 2021 6:33pm Apr 14, 2021 6:33pm
Quoting TooSlow
{image} Price moves from imbalance to imbalance. Once price enters a zone it has to exit.
Hi TooSlow

An imbalance zone is the overextension of either the Bids or Asks, there is no zone established for that till it occurs. There is however Bid or Ask orders flipping due to herd behaviour which is what you are trading.
The imbalance may be occurring but often it’s just flipping because the move lacks volume. I watch GBPUSD for imbalance zone during the London Session till early New York. Last night there wasn’t enough volume to allow for much imbalance action.
Almost all action yesterday was just flipping. Tuesday was a good day to trade imbalance on GBPUSD.

GBPUSD has been disappointing in volume recently forcing me to stay with EURUSD and Gold.

Not trying to be a pain in the A

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,464
  • Apr 14, 2021 6:48pm Apr 14, 2021 6:48pm
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Price has returned to this imbalance zone. It will exit the zone.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,465
  • Apr 14, 2021 6:50pm Apr 14, 2021 6:50pm
Quoting RickM
{quote} Hi TooSlow An imbalance zone is the overextension of either the Bids or Asks, there is no zone established for that till it occurs. There is however Bid or Ask orders flipping due to herd behaviour which is what you are trading. The imbalance may be occurring but often it’s just flipping because the move lacks volume. I watch GBPUSD for imbalance zone during the London Session till early New York. Last night there wasn’t enough volume to allow for much imbalance action. Almost all action yesterday was just flipping. Tuesday was a good day...
May I suggest reading the PDFs that Bilal has shared. You will find imbalance defined. Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,466
  • Edited 7:56pm Apr 14, 2021 7:23pm | Edited 7:56pm
Quoting TooSlow
{quote} May I suggest reading the PDFs that Bilal has shared. You will find imbalance defined. Cheers.
Imbalance is defined by the ratio of bids or asks seen on the orderfow. It is not a price action movement.
On Tuesday low on GBPUSD, for a brief moment of time, all Buyers ceased to exist. There was only Sellers and no one else buying.
No bankers, no one within spread distance.
Within 10 seconds they came in mass removing that imbalance and a nice Buy setup.

You need to see the actually bids and asks, size of orders and where the iceberg orders are sitting, or were sitting.

On many ocassions, there isn’t enough volume to create imbalance, however you can trade the movement like the one you guys are doing.
The only reason I stuck my big nose in here is I trade imbalance without price action structure using purely live data. Many of calls on this thread saying it’s imbalance are just calling bid / ask flipping in real terms. The action may look the same on the chart but the truth is they are nothing similar.

Cheers

PS. I won’t comment again, green pips to everyone here
Trading thin liquidity at the boundary of the charts
  • #1,467
  • Apr 14, 2021 11:07pm Apr 14, 2021 11:07pm
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade {image}
GBP/USD M15 M1 Long Trade Result

(-3 Pips)

Price is not interested in what I might think it should be doing

This highlights how two Traders Trading the same Setup can Trade in opposite directions

Once in a Trade we need to constantly monitor Price
Attached Image (click to enlarge)
Click to Enlarge Name: 15th Apr 21 GBPUSD M15 Observations.png Size: 149 KB
  • #1,468
  • Apr 14, 2021 11:12pm Apr 14, 2021 11:12pm
Quoting RickM
{quote} Imbalance is defined by the ratio of bids or asks seen on the orderfow. It is not a price action movement. On Tuesday low on GBPUSD, for a brief moment of time, all Buyers ceased to exist. There was only Sellers and no one else buying. No bankers, no one within spread distance. Within 10 seconds they came in mass removing that imbalance and a nice Buy setup. You need to see the actually bids and asks, size of orders and where the iceberg orders are sitting, or were sitting. On many ocassions, there isn’t enough volume to create imbalance,...
thank you RickM youre always welcome to guide us and can post as many times you want.
"Exchange of hands"
  • #1,469
  • Apr 14, 2021 11:27pm Apr 14, 2021 11:27pm
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade Result (-3 Pips) Price is not interested in what I might think it should be doing This highlights how two Traders Trading the same Setup can Trade in opposite directions Once in a Trade we need to constantly monitor Price {image}
Dear Stevepatt,

Thank you for your marking - price movement and the details. I can understood now, I follow your foot step and copy the marking from your chart. I believe keep on doing like you, my subconscious take in your marking and grow along with all truthful heart leads and you in this form.

15M OB:
Attached Image (click to enlarge)
Click to Enlarge Name: GU-1.png Size: 29 KB
  • #1,470
  • Apr 15, 2021 2:17am Apr 15, 2021 2:17am
GU 15M OB & 1M Buy entry & 10 pips target reached

Attached Image (click to enlarge)
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  • #1,471
  • Apr 15, 2021 3:18am Apr 15, 2021 3:18am
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade Result (-3 Pips) Price is not interested in what I might think it should be doing This highlights how two Traders Trading the same Setup can Trade in opposite directions Once in a Trade we need to constantly monitor Price {image}
H4 candles are stacking.
"Exchange of hands"
  • #1,472
  • Apr 15, 2021 5:48am Apr 15, 2021 5:48am
Quoting RickM
{quote} Imbalance is defined by the ratio of bids or asks seen on the orderfow. It is not a price action movement. On Tuesday low on GBPUSD, for a brief moment of time, all Buyers ceased to exist. There was only Sellers and no one else buying. No bankers, no one within spread distance. Within 10 seconds they came in mass removing that imbalance and a nice Buy setup. You need to see the actually bids and asks, size of orders and where the iceberg orders are sitting, or were sitting. On many ocassions, there isn’t enough volume to create imbalance,...
"Sometimes words have two meanings." Stairway to Heaven.

CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,473
  • Apr 15, 2021 7:06am Apr 15, 2021 7:06am
Quoting RickM
{quote} Imbalance is defined by the ratio of bids or asks seen on the orderfow. It is not a price action movement. On Tuesday low on GBPUSD, for a brief moment of time, all Buyers ceased to exist. There was only Sellers and no one else buying. No bankers, no one within spread distance. Within 10 seconds they came in mass removing that imbalance and a nice Buy setup. You need to see the actually bids and asks, size of orders and where the iceberg orders are sitting, or were sitting. On many ocassions, there isn’t enough volume to create imbalance,...
I thought plast time you were trading George TMA indicator? XD
And by the way guys what this guy said it not true. Charts is all we need.

PS: Chris Lori, CTA: One Day One Topic: ORDER FLOW - Impact of Interbank FX Pricing on Volatility - YouTube
  • #1,474
  • Apr 15, 2021 8:07am Apr 15, 2021 8:07am
GU 15M & 1M OB - waiting for sell order



Attached Image (click to enlarge)
Click to Enlarge Name: GU-1.png Size: 31 KB
  • #1,475
  • Apr 15, 2021 8:26am Apr 15, 2021 8:26am
Quoting bilal1947
{quote} H4 candles are stacking.

Hi Bilal,

GBP/USD M15 Observations

Which way is it going to Break?

Another Inside Day (so far) like Tuesday
Attached Image (click to enlarge)
Click to Enlarge Name: 15th Apr 21 GBPUSD M15 Observations 2.png Size: 124 KB
  • #1,476
  • Apr 15, 2021 8:37am Apr 15, 2021 8:37am
Quoting stevepatt
{quote} Hi Bilal, GBP/USD M15 Observations Which way is it going to Break? Another Inside Day (so far) like Tuesday {image}
The Banana market . That's what BWilliam would call it. The price didn't move.
  • #1,477
  • Apr 15, 2021 8:56am Apr 15, 2021 8:56am
Quoting stevepatt
{quote} Hi Bilal, GBP/USD M15 Observations Which way is it going to Break? Another Inside Day (so far) like Tuesday {image}
i think it may go long, as gold has left everyone behind.
"Exchange of hands"
  • #1,478
  • Apr 15, 2021 9:19am Apr 15, 2021 9:19am
Quoting bilal1947
{quote} H4 candles are stacking.

Hi Bilal,

GBP/USD H4 Observations

I'd rather wait for Price to make it's move
Attached Image (click to enlarge)
Click to Enlarge Name: 15th Apr 21 GBPUSD H4 Observations.png Size: 88 KB
  • #1,479
  • Apr 15, 2021 9:36am Apr 15, 2021 9:36am
Quoting stevepatt
{quote} Hi Bilal, GBP/USD H4 Observations I'd rather wait for Price to make it's move {image}

i agree, who know gold flies but foreign currencies coudnt and may fall, wait and see and follow the money as you say.
"Exchange of hands"
  • #1,480
  • Apr 15, 2021 10:35am Apr 15, 2021 10:35am
GBP/USD M15 M1 Observations

Look for Momentum into a Zone of Interest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th Apr 21 GBPUSD M15 Observations 3.png Size: 108 KB
Click to Enlarge Name: 15th Apr 21 GBPUSD M1 Observations 3.png Size: 105 KB
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