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"Price - Structure - Flow"

  • #1,301
  • Jun 3, 2021 9:22am Jun 3, 2021 9:22am
Quoting Nick.Vuong
{quote} Thanks Steve, The price today was quite wild, did not dare to catch the short because it was quite bullish to me, but... it moved down very hard then

Hi Nick;

The more Confluence you have Supporting a Zone the better

Keep watching Price, especially when it is coming into a Zone of Interest

When Price starts to Accelerate into a Zone it's Time to take Notice

Your Safety Net is waiting for the Switch of Structure and Flow on the Lower Time Frames
  • #1,302
  • Jun 3, 2021 9:30am Jun 3, 2021 9:30am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Pending Short Trade Price Broke Structure to the Down Side So if it wants to continue to Fall.... {image}
Hi Steve,

Price is reaching another M30 Bu.OB, isn't it?

Attached Image (click to enlarge)
Click to Enlarge Name: 6cd69f6216d8e5b88369dd004ac29d87.png Size: 62 KB
"The hard work in trading comes in the preparation"
  • #1,303
  • Jun 3, 2021 9:53am Jun 3, 2021 9:53am
Quoting Nick.Vuong
{quote} Hi Steve, Price is reaching another M30 Bu.OB, isn't it? {image}

Hi Nick;

For me that Order Block doesn't have enough Imbalance associated with it

Check the H4 you will see we are at the Bottom of an H4 Bullish Order Block

Price might well go up from here but there are no signs of that at the moment

If Price wants to continue to Drop don't fight it

I've Cancelled the Pending Short Price isn't decisive enough

But you can see Price is still rejecting the M5 Level I Highlighted
  • #1,304
  • Jun 3, 2021 9:56am Jun 3, 2021 9:56am
Quoting Nick.Vuong
{quote} Hi Steve, Price is reaching another M30 Bu.OB, isn't it? {image}
I am no expert but to my understanding it doesn't seem to be a valid OB anymore.
there is probably liquidity below and a proper OB should not be a pinbar. candle body should be greater.
also the very same area was tested before that's why a deeper retest was seen now
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 21cfe3ea82139765508179f94f80a904.png Size: 29 KB
  • #1,305
  • Jun 3, 2021 10:07am Jun 3, 2021 10:07am
Quoting kivanc
{quote} I am no expert but to my understanding it doesn't seem to be a valid OB anymore. there is probably liquidity below and a proper OB should not be a pinbar. candle body should be greater. also the very same area was tested before that's why a deeper retest was seen now {image} {image}

Hi Kivanc;

The most Influential Order Blocks are the ones that leave the greatest Imbalance in their wake

As you have highlighted this one was Tested quickly also

If things aren't clear on a particular Time Frame it pays to move to a Higher Time Frame to try and get a clearer picture
  • #1,306
  • Jun 3, 2021 10:34am Jun 3, 2021 10:34am
Quoting kivanc
{quote} I am no expert but to my understanding it doesn't seem to be a valid OB anymore. there is probably liquidity below and a proper OB should not be a pinbar. candle body should be greater. also the very same area was tested before that's why a deeper retest was seen now {image} {image}
GBP/USD H4 M30 Observations

It will be interesting to see if "They" leave the Equal Bottom in place

Liquidity will Build if they do especially if Price Pullbacks to Test the Bearish Order Blocks created today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd June 21 GBPUSD H4 Observations.png Size: 101 KB
Click to Enlarge Name: 3rd June 21 GBPUSD M30 Observations 3.png Size: 155 KB
  • #1,307
  • Jun 3, 2021 10:50am Jun 3, 2021 10:50am
Quoting stevepatt
{quote} GBP/USD M30 M5 M1 Pending Short Trade Price Broke Structure to the Down Side So if it wants to continue to Fall.... {image}
GBP/USD M30 M5 M1 Pending Short Trade

I Pulled this Trade when it Failed to Trigger
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd June 21 GBPUSD M30 M5 Observations .png Size: 156 KB
  • #1,308
  • Jun 3, 2021 4:41pm Jun 3, 2021 4:41pm
Quoting stevepatt
{quote} GBP/USD H4 M30 Observations It will be interesting to see if "They" leave the Equal Bottom in place Liquidity will Build if they do especially if Price Pullbacks to Test the Bearish Order Blocks created today {image} {image}
Hi Steve,

In the Post 1,306, the block that you marked "Educated Guess", is it called "Breaker Block"? and in this case now it's acting as a Be.OB?
"The hard work in trading comes in the preparation"
  • #1,309
  • Jun 3, 2021 10:53pm Jun 3, 2021 10:53pm
Quoting Nick.Vuong
{quote} Hi Steve, In the Post 1,306, the block that you marked "Educated Guess", is it called "Breaker Block"? and in this case now it's acting as a Be.OB?
Hi Nick;

Yes, this is a "Breaker" by my understanding of how a Breaker is created

Remember, just because it is there, there is no guarantee it will be Tested

I say to Follow Price but, there's always a BUT, we have to be aware of when Price is being Manipulated like it was yesterday

This awareness comes with experience and even with experience we can still fall for their Traps
Attached Image (click to enlarge)
Click to Enlarge Name: 4th June 21 GBPUSD M30 Observations.png Size: 204 KB
  • #1,310
  • Jun 3, 2021 11:07pm Jun 3, 2021 11:07pm
Quoting stevepatt
{quote} Hi Nick; Yes, this is a "Breaker" by my understanding of how a Breaker is created Remember, just because it is there, there is no guarantee it will be Tested I say to Follow Price but, there's always a BUT, we have to be aware of when Price is being Manipulated like it was yesterday This awareness comes with experience and even with experience we can still fall for their Traps {image}
Thank you, Steve,

Yes, that's why risk management is the most important.
I find many mentors who teach this Smart Money strategy advise to set a limit order at the Order Block.
This is quite dangerous in my opinion, and I find that checking the confirmation in lower timeframes to enter the trade is much better.
"The hard work in trading comes in the preparation"
  • #1,311
  • Jun 3, 2021 11:11pm Jun 3, 2021 11:11pm
Price is climbing up, I'm waiting at the M30 Be.OB looking for short!

Attached Image (click to enlarge)
Click to Enlarge Name: 04f5c406ea79acd1461de0c6d4ad3dd7.png Size: 59 KB
"The hard work in trading comes in the preparation"
  • #1,312
  • Jun 4, 2021 12:23am Jun 4, 2021 12:23am
Hi Steve,

Would you call these both "breakers"?

Attached Image (click to enlarge)
Click to Enlarge Name: 16ef30eaf5f2bb47abcf43d9949ee6f0.png Size: 53 KB
"The hard work in trading comes in the preparation"
  • #1,313
  • Jun 4, 2021 12:51am Jun 4, 2021 12:51am
Quoting Nick.Vuong
Hi Steve, Would you call these both "breakers"? {image}
Hi Nick, Steve would comment better but - again to my understanding - above level would be a better choice as it is in a premium level (above 50% equilibrium) and it also broke equal highs on the left (indicating manipulation).
and there is so much inefficient price areas (FVG) above to be filled, but of course we never know when the big boys will fill them.
  • #1,314
  • Jun 4, 2021 1:07am Jun 4, 2021 1:07am
Quoting kivanc
{quote} Hi Nick, Steve would comment better but - again to my understanding - above level would be a better choice as it is in a premium level (above 50% equilibrium) and it also broke equal highs on the left (indicating manipulation). and there is so much inefficient price areas (FVG) above to be filled, but of course we never know when the big boys will fill them.
Dear Kivanc,

Thank you for your advice, I also have the same opinion that the above level would be more important and in the London session I would expect the price would be bullish to fill some FVG.
"The hard work in trading comes in the preparation"
  • #1,315
  • Jun 4, 2021 1:12am Jun 4, 2021 1:12am
Price in 5M showing exhaustion, I would expect the price to go back down to grab some liquidity before going up. The range is ~18pips, if it shows nice set up with tight SL (~5pips), I would have a quick short trade to grab 10pips. But the structure confirmation is a must.

Attached Image (click to enlarge)
Click to Enlarge Name: 431c4c44800679f12fbb2063b6fb3a44.png Size: 45 KB
"The hard work in trading comes in the preparation"
  • #1,316
  • Jun 4, 2021 8:03am Jun 4, 2021 8:03am
GBP/USD M30 M5 M1 Long Trades

First trade out for +3 Pips

Second Trade still running
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th June 21 GBPUSD M30 M5 M1 Long Trade.png Size: 210 KB
Click to Enlarge Name: 4th June 21 GBPUSD M30 M5 M1 Long Trade 2.png Size: 200 KB
  • #1,317
  • Jun 4, 2021 8:58am Jun 4, 2021 8:58am
Quoting stevepatt
GBP/USD M30 M5 M1 Long Trades First trade out for +3 Pips Second Trade still running {image} {image}
GBP/USD M30 m5 M1 Long Trade 2

Exit +3 Pips

GBP/USD M5 M1 Observations

Price is starting to move down from 1.42000 and seeing a Switch in Structure and Flow

I have a Pending Short Trade at 1.41800
Attached Image (click to enlarge)
Click to Enlarge Name: 4th June 21 GBPUSD M30 M5 M1 Pending Short Trade.png Size: 213 KB
  • #1,318
  • Jun 4, 2021 9:02am Jun 4, 2021 9:02am
Quoting stevepatt
{quote} GBP/USD M30 m5 M1 Long Trade 2 Exit +3 Pips GBP/USD M5 M1 Observations Price is starting to move down from 1.42000 and seeing a Switch in Structure and Flow I have a Pending Short Trade at 1.41800 {image}
Hi Steve,
As I see the price have moved down quite far, so is it good idea to look for short now? M30 is still in bullish structure though.
"The hard work in trading comes in the preparation"
  • #1,319
  • Jun 4, 2021 9:28am Jun 4, 2021 9:28am
Quoting Nick.Vuong
{quote} Hi Steve, As I see the price have moved down quite far, so is it good idea to look for short now? M30 is still in bullish structure though.

Hi Nick;

When I saw Price Drop and Close, on M30, I was Anticipating a Bounce to Fill the GAP the Drop Created

Nearly but not quite...

Still Anticipating Price Closing the GAP to 1.41800 and Selling off

I'll leave a while and see
Attached Image (click to enlarge)
Click to Enlarge Name: 4th June 21 GBPUSD M30 M5 Observations.png Size: 190 KB
  • #1,320
  • Jun 5, 2021 10:51am Jun 5, 2021 10:51am
GBP/USD M30 Observations

These are the "Stand Out Points of Interest" on the Chart going into next week

I'm going to try and "Stream Line" my approach

There is no point in trying to Predict what Price will do

The main thing to be aware of is Price Momentum that creates an Imbalance within Price

So, like Thursday's Fast move down which Created a Bearish Imbalance within Price that was Filled on Friday

So we need to watch for the Imbalances that are created and NOT be Manipulated into Trading the wrong way

That's the simple "Plan of Action" for next week, no pressure
Attached Image (click to enlarge)
Click to Enlarge Name: 5th June 21 GBPUSD M30 Observations.png Size: 204 KB
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