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1M Price Action System

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  • #1,541
  • May 1, 2021 5:07am May 1, 2021 5:07am
Quoting stevepatt
GBP/USD M15 M1 Observations I'm looking for signs of Bullish Action... {image}

GBP/USD M15 M1 Observations

Everything I am doing in my Trading, at this time, has come from watching Chris Lori and ICT

I was introduced to them both by the "Realdeal" who isn't very active on FF any more

What Chris Lori advocates is becoming an "Independent Thinker"

I have taken all the experiences I have had over 10+ years of Trading and I have been able to disregard what isn't relevant to me and use what works well

There have been two times, at least, that my Trading has taken significant leaps

The first was when I stopped looking for someone else's "System" to Copy

I found, however hard I tried I couldn't get inside the head of the person who developed the "system"

I was missing a huge chunk of information needed to Trade

The first time I watched one of Chris's videos and he was talking about Price making New Highs/Lows and then "Bleeding Back" to Fill the "Liquidity Gap" was a real moment of inspiration for me

Efficient and Inefficient Price moves into Higher Time Frame Levels of Interest was another

This is what everyone has to do "become an Independent Trader"

You have to "want to become a Trader" and not someone who just wants to "Enter Winning Trades" without a deep understanding of what they are doing

The second was when I stopped worry about Risk to Reward

I Trade Low Time Frames (M15 M1) I look for +10 Pips

I would need a +10 Pip Stop for a +1R Trade

This is next to impossible on GBP/USD my timing would have to be perfect, and it isn't

Why do I go for +10 Pips?

Because Price will usually move in +15 to +30 Pip Swings (GBP/USD M15) before a PullBack I want to reach my Target, ideally, without any PullBack

Also, because +10 Pips is all I need in a day to Grow my Account

If you have not done so already I highly recommend you go and watch the Chris Lori videos there is a "free" resource on his website

I have only accessed the "free content" for both Chris and Michael

I strongly recommend never paying for any resources until you have exhausted the ton of free content out there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st May 21 GBPUSD M15 Observations.png Size: 172 KB
Click to Enlarge Name: 1st May 21 GBPUSD M15 M1 Observations.png Size: 173 KB
  • #1,542
  • May 1, 2021 5:23am May 1, 2021 5:23am
Quoting stevepatt
{quote} GBP/USD M15 M1 Observations Everything I am doing in my Trading, at this time, has come from watching Chris Lori and ICT I was introduced to them both by the "Realdeal" who isn't very active on FF any more What Chris Lori advocates is becoming an "Independent Thinker" I have taken all the experiences I have had over 10+ years of Trading and I have been able to disregard what isn't relevant to me and use what works well There have been two times, at least, that my Trading has taken significant leaps The first was when I stopped looking for...

THIS is GOLDEN. Thanks

I have seen Bilal posting about ICT and TRD as well. I have started to work towards the approach to find why something moved and not just a set of rules to enter the trade.

Thanks for all the posters in the thread.
  • #1,543
  • May 1, 2021 9:08am May 1, 2021 9:08am
Quoting stevepatt
{quote} GBP/USD M15 M1 Observations Everything I am doing in my Trading, at this time, has come from watching Chris Lori and ICT I was introduced to them both by the "Realdeal" who isn't very active on FF any more What Chris Lori advocates is becoming an "Independent Thinker" I have taken all the experiences I have had over 10+ years of Trading and I have been able to disregard what isn't relevant to me and use what works well There have been two times, at least, that my Trading has taken significant leaps The first was when I stopped looking for...
Hi Stevepatt

I was trading this pair on Friday night where I caught a couple of good trade setups which did return some nice profits - can I add my 2 seconds worth as it confirms your setups pretty closely.

The big players as you know seem to apply many strategy's to the market to obtain their profits. Luckily they can be seen by traders if we study the data contained within each candle because its possible to see their orders hit the market with 2-3 seconds.
Like you said in your post, its easy in hindsight to see the actions of their work after its occurred so any expert judgements after the fact should always be seen as just commentary, including mine.

But can I describe their two major strategy's I saw them apply to the market on Friday (in my opinion) in real time while I was watching.

On the GBPUSD chart below, two events were visible within seconds and tradeable - that's C & D

On C - the Seller orders disappeared allowing for an imbalance of the order book creating an exhaustion event on the M1 candle.
THIS WAS VISIBLE - SELL was my call as the market demands balance.
On D - the big player was applying massive selling limit orders at a level designed to block bullish movement.
THIS WAS VISIBLE FOR 60 MINUTES - SELL SELL SELL is my obvious call here as there was insufficient bullish orders to be able to break the firm's blockade.

These two events shaped the nights action after that strong breakout occurred. I just wanted to explain the mechanic's on how they actually turn a market using liquidity on Friday by first creating a thin liquidity zone void of sells then following it up my applying massive limit orders onto the market at a precise spot.

Hope it made sense.

Cheers
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Trading thin liquidity at the boundary of the charts
  • #1,544
  • May 1, 2021 10:44am May 1, 2021 10:44am
Quoting RickM
{quote} Hi Stevepatt I was trading this pair on Friday night where I caught a couple of good trade setups which did return some nice profits - can I add my 2 seconds worth as it confirms your setups pretty closely. The big players as you know seem to apply many strategy's to the market to obtain their profits. Luckily they can be seen by traders if we study the data contained within each candle because its possible to see their orders hit the market with 2-3 seconds. Like you said in your post, its easy in hindsight to see the actions of their work...

Hi Rick,

Thanks for the Observations

I wasn't Trading Live yesterday, (working at the day job) like you say though when watching Price Live you can "see" the Order Flows being applied to the Market.

You will often see Price in Balance followed by an Influx of Orders into the Market which will "Pop" Price one way or the other

Once the Influx of Orders are Consumed Price will Draw Back Filling the Liquidity Void created

As Retail Traders we don't know where these "Pops" in Price will occur until after the Fact

But, it is possible to Trade as Price Draws Back to Fill the Liquidity Void, that is left by the "Pop", or to Trade the "Pick Up" in Liquidity after Price has Drawn Back
Attached Image(s) (click to enlarge)
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  • #1,545
  • May 3, 2021 4:31am May 3, 2021 4:31am
GBP/USD M15 M1 Observations
Attached Image (click to enlarge)
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  • #1,546
  • May 3, 2021 4:43am May 3, 2021 4:43am
Quoting stevepatt
GBP/USD M15 M1 Observations {image}
GBP/USD M15 M1 Short Trade

Look for Levels of Interest on a Higher Time Frame

Then watch Lower Time Frame for a Switch in the Order Flow

Price -- Structure -- Order Flow
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 M1 Short Trade.png Size: 209 KB
  • #1,547
  • May 3, 2021 5:01am May 3, 2021 5:01am
Quoting stevepatt
{quote} GBP/USD M15 M1 Short Trade Look for Levels of Interest on a Higher Time Frame Then watch Lower Time Frame for a Switch in the Order Flow Price -- Structure -- Order Flow {image}
GBP/USD M15 M1 Short Trade Result

BE+1

First signs of Order Flow Switching once again (M1)
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 M1 Short Trade Result.png Size: 163 KB
  • #1,548
  • May 3, 2021 5:38am May 3, 2021 5:38am
Quoting stevepatt
{quote} GBP/USD M15 M1 Short Trade Result BE+1 First signs of Order Flow Switching once again (M1) {image}

GBP/USD M15 M1 Long Trade

You can the Switch in Order Flow at the M15 BuOB
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD m15 M1 Long Trade.png Size: 152 KB
  • #1,549
  • May 3, 2021 5:47am May 3, 2021 5:47am
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade You can the Switch in Order Flow at the M15 BuOB {image}

GBP/USD M15 M1 Long Trade Result

+10 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-05-03_1141.png Size: 151 KB
  • #1,550
  • May 3, 2021 5:58am May 3, 2021 5:58am
Quoting stevepatt
{quote} GBP/USD M15 M1 Short Trade Look for Levels of Interest on a Higher Time Frame Then watch Lower Time Frame for a Switch in the Order Flow Price -- Structure -- Order Flow {image}
Hi Stevepatt, nice pictures, but isn't the BeOB a bit sooner at 16:30 GMT?
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  • #1,551
  • May 3, 2021 6:02am May 3, 2021 6:02am
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade Result +10 Pips {image}

GBP/USD M15 M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 M1 Observations 2.png Size: 200 KB
  • #1,552
  • May 3, 2021 6:08am May 3, 2021 6:08am
Quoting Milan
{quote} Hi Stevepatt, nice pictures, but isn't the BeOB a bit sooner at 16:30 GMT? {image}

Hi Milan;

This is how I see it

But it is important that you use what makes sense to YOU
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 Observations.png Size: 151 KB
  • #1,553
  • May 3, 2021 6:14am May 3, 2021 6:14am
yes, but technically what you marked was not BeOB. I try to understand why you marked it this way. It should be outside, shouldn't it? It looks more like an inside bar.
  • #1,554
  • May 3, 2021 6:20am May 3, 2021 6:20am
Quoting stevepatt
{quote} GBP/USD M15 M1 Observations {image}

GBP/USD M15 M1 Long Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 M1 Long Trade 2.png Size: 201 KB
  • #1,555
  • May 3, 2021 6:34am May 3, 2021 6:34am
Quoting Milan
yes, but technically what you marked was not BeOB. I try to understand why you marked it this way. It should be outside, shouldn't it? It looks more like an inside bar.

Hi Milan;

In a Bearish move down, it is the Last Bullish Bar before Price Breaks Out and Breaks Structure

The idea behind this is that Big Money is Selling into that Bullish Bar
  • #1,556
  • May 3, 2021 6:44am May 3, 2021 6:44am
Quoting stevepatt
{quote} Hi Milan; In a Bearish move down, it is the Last Bullish Bar before Price Breaks Out and Breaks Structure The idea behind this is that Big Money is Selling into that Bullish Bar
ok, so BeOB means bearish order block instead of outside bar. Thank you.
  • #1,557
  • May 3, 2021 6:46am May 3, 2021 6:46am
Quoting Milan
{quote} ok, so BeOB means bearish order block instead of outside bar. Thank you.

Yes, Bearsih Order Block
  • #1,558
  • May 3, 2021 7:14am May 3, 2021 7:14am
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade 2 {image}

GBP/USD M15 M1 Long Trade Result

(-1 Pip)

GBP/USD M15 M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 m1 Long Trade ResultShort Trade.png Size: 205 KB
  • #1,559
  • May 3, 2021 8:17am May 3, 2021 8:17am
Quoting stevepatt
{quote} GBP/USD M15 M1 Long Trade Result (-1 Pip) GBP/USD M15 M1 Short Trade {image}

GBP/USD M15 M1 Short Trades

Added to my Short Trade as Price ran against me FAST

When Price Runs Inefficiently like this we will usually see a return to the "Point of Origin"

The main thing is when you see Price running against you don't Panic

It's easy to say, I know,it does takes time and experience to be able to read what is happening

But it can be done

Watch Price on M1 even a 10 Second Chart

As Price peaked out I could see it skipping to reach Liquidity once I saw that I was sure Price would PullBack but not exactly how far

I have Entered a Long Trade from 1.38795
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 m1 Short Trades ResultsLong Trade 2.png Size: 224 KB
  • #1,560
  • May 3, 2021 8:40am May 3, 2021 8:40am
Quoting stevepatt
{quote} GBP/USD M15 M1 Short Trades Added to my Short Trade as Price ran against me FAST When Price Runs Inefficiently like this we will usually see a return to the "Point of Origin" The main thing is when you see Price running against you don't Panic It's easy to say, I know,it does takes time and experience to be able to read what is happening But it can be done Watch Price on M1 even a 10 Second Chart As Price peaked out I could see it skipping to reach Liquidity once I saw that I was sure Price would PullBack but not exactly how far I have Entered...

GBP/USD M15 M1 Long Trade Result

+1\0 Pips

Take a look at the Chris Lori videos I posted earlier

One of them he describes the Dynamics of a Price Run

Then take a look at the M1 Price Run that I sold into earlier

I'm watching M15 BeOB above Price at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd May 21 GBPUSD M15 M1 Long Trade Result.png Size: 219 KB
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