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1M Price Action System

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  • #1,641
  • May 14, 2021 12:49pm May 14, 2021 12:49pm
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
Hey, can you share please this NJAT content?

Thank you for info!
  • #1,642
  • May 15, 2021 6:31am May 15, 2021 6:31am
I received a PM from someone asking me how I pick my Trades

The charts below, I hope, will explain what I am doing

A lot of what I do comes down to intuition which can only be gained by time spent watching Price and how and when it moves

Trading only one, or at most two, Trading Instrument(s) helps with understanding these moves

The size of the Swings on the Time Frames you Trade is a good starting point

This will tell you how many Pips you can expect to Gain before Price starts to Pullback

Unfortunately, the majority of people, out there, don't want the hassle of learning to Trade they just want the money Trading can deliver

Anyone coming into Trading focusing on the money will FAIL

Anyone coming into Trading focusing on wanting to become as good a Trader as they can has, at least, a chance of SUCCESS
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th May 21 GBPUSD M30 Observations.png Size: 201 KB
Click to Enlarge Name: 15th May 21 GBPUSD M5 Observations.png Size: 164 KB
Click to Enlarge Name: 15th May 21 GBPUSD M1 Observations.png Size: 120 KB
Click to Enlarge Name: 15th May 21 GBPUSD M1 Observations 2.png Size: 116 KB
  • #1,643
  • Edited 7:49am May 15, 2021 7:22am | Edited 7:49am
Quoting stevepatt
I received a PM from someone asking me how I pick my Trades The charts below, I hope, will explain what I am doing A lot of what I do comes down to intuition which can only be gained by time spent watching Price and how and when it moves Trading only one, or at most two, Trading Instrument(s) helps with understanding these moves The size of the Swings on the Time Frames you Trade is a good starting point This will tell you how many Pips you can expect to Gain before Price starts to Pullback Unfortunately, the majority of people, out there, don't...
Nice breakdown, I trade in a very similar methodology (I just call it supply & demand but it's the same thing basically) just on cable. Like you say, if you just trade one instrument you develop much more of a feel for price and what it's going to do next. My favourite way is to combine HTF zones and then drill down into 5m zones for entries, for example long from 1.38 was apparent on the daily and short from 1.4150 apparent on the H4.

Here are some trades I took on cable last week, we were reacting off an H4 zone in the 1.4140-80 range and forming a large distribution pattern/range so I was looking out for a big short move. I posted these in real time on the cable update thread. The red zone at the top is the H4 zone created in Feb I mentioned. So I am biased to shorting here. I grabbed 3 short trades on the days prior to these ones.

1) breakout and return to supply, gave a great return with a 5 pip SL during CPI news, just closed during the spike, dont get greedy. Note it's a period of distribution so we are just waiting for the time to get into a nice short, M pattern retrace leg and return to HTF H4 supply zone combined with local 5m supply
2) fading SL hunt zone
3) re-entry to supply during clear downwards momentum
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m (1) (1).jpg Size: 97 KB
  • #1,644
  • May 16, 2021 8:32am May 16, 2021 8:32am
Quoting flisica
{quote} Hey, can you share please this NJAT content? Thank you for info!
I wouldn't waste my data and time on that NJAT video course (or should I say members' discussion). I just went through it and I had to fast forward all the videos. All what is covered and discussed there is in this thread and the PDFs that Bilal shared.
  • #1,645
  • May 16, 2021 8:08pm May 16, 2021 8:08pm
Quoting bilal1947
{quote} live example, hoping other quiet members are picking it too. BOS and OB retest ! rinse and repeat ! {image} price has hit another 5M OB done a BOS in smaller timeframe and entry was upon retest that how it look on H1 update: {image}
I see you use RSI 9 for Gold, and 14 for other pairs, is there a reason for this? What time of day do you usually trade?
  • #1,646
  • May 17, 2021 1:03am May 17, 2021 1:03am
GBP/USD M30 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 Observations.png Size: 111 KB
  • #1,647
  • May 17, 2021 1:22am May 17, 2021 1:22am
Quoting stevepatt
GBP/USD M30 Observations {image}
GBP/USD M30 M5 M1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 m5 M1 Short Trade.png Size: 175 KB
  • #1,648
  • May 17, 2021 1:50am May 17, 2021 1:50am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Trade {image}
GBP/USD M30 M5 M1 Short Trade 2

Added a second Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 M5 M1 Short Trade 2.png Size: 114 KB
  • #1,649
  • May 17, 2021 5:53am May 17, 2021 5:53am
Attached Image (click to enlarge)
Click to Enlarge Name: BOS.JPG Size: 92 KB
  • #1,650
  • May 17, 2021 7:50am May 17, 2021 7:50am
Attached Image (click to enlarge)
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  • #1,651
  • May 17, 2021 8:44am May 17, 2021 8:44am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Trade 2 Added a second Short Trade {image}

GBP/USD M30 M5 M1 Short Trade Result

Trade 1 +1 Pip

Trade 2 +11.9

Trade 3 +17.5

Total +31.4 Pips

Short Trade Triggered at 1.41070

I moved my Entry up 2 Pips from what is shown on the chart below
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 M5 M1 Short Trade Result.png Size: 135 KB
  • #1,652
  • May 17, 2021 8:55am May 17, 2021 8:55am
Quoting Ziemowit
{image}

Hi Ziemowit;

Look at the three Time Frames and look for Levels in M30 and wait for the return and Entry using M5 M1

Or any time frames use wish to use BUT always look for Levels within the Higher Time Frame
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 M5 M1 Observations.png Size: 153 KB
  • #1,653
  • May 17, 2021 9:26am May 17, 2021 9:26am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Trade 2 Added a second Short Trade {image}
GBP/USD M30 M5 Observations

I want to explain why I made 3 Entries on the this Short Trade

It is extremely rare to see Price Break the Asian Range and continue without a Pullback to Test the Break

This was my reasoning behind the 3 Entries

The GAP I referenced in the Chart below has now been Filled
Attached Image (click to enlarge)
Click to Enlarge Name: 17th May 21 GBPUSD M30 M5 Observations.png Size: 163 KB
  • #1,654
  • May 17, 2021 10:20am May 17, 2021 10:20am
it is still not clear where you are entering, discard the screen with closed deals
  • #1,655
  • May 17, 2021 10:32am May 17, 2021 10:32am
Quoting Cirakacima
it is still not clear where you are entering, discard the screen with closed deals
Hi Cirakacima;

Take a look at these two charts Post 1,647 Post 1,648 the Entries should be clear on M1
  • #1,656
  • May 17, 2021 11:30pm May 17, 2021 11:30pm
Quoting D1n3r0
+10,+28 and done for the day. {image} {image} {image}
sir which indicators are these?
  • #1,657
  • May 18, 2021 3:22pm May 18, 2021 3:22pm
Quoting bilal1947
If youre still new and wants to learn forex, took it as a bacheors degree and do your full/part time job/business, meanwhile to earn dont depends on forex in this time. I didn't know what was forex before April 2020 and i am fairly new in this learning phase, just want to share what i learn. Below is one link to keep you busy for the next week. https://mega.nz/folder/tJhXXAaL#BT6F4s5xBQPvwgQOpzHZTw
Hi buddy. i tried to download this but it says this. error: not accessible for infringing terms of use
  • #1,658
  • May 18, 2021 8:30pm May 18, 2021 8:30pm
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Short Trade {image}
Hi stevepatt,
Do you open the sell order when the first M1 bearish candle occurred in the Bearish Order Block?
  • #1,659
  • May 19, 2021 1:48am May 19, 2021 1:48am
GBP/USD M30 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 19th May 21 GBPUSD M30 Observations.png Size: 163 KB
  • #1,660
  • May 19, 2021 1:55am May 19, 2021 1:55am
Quoting KevinZeng
{quote} Hi stevepatt, Do you open the sell order when the first M1 bearish candle occurred in the Bearish Order Block?

Hi Kevin;

That depends on how Price Returns to the Order Block and the Strength of the Order Block

The Higher Time Frame Order Blocks creates a Larger Level of Orders

Observe Price around the Order Blocks and see how it behaves
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