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1M Price Action System

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  • #2,201
  • Jul 17, 2021 5:57am Jul 17, 2021 5:57am
Quoting scherzi
And now what would you do in a real situation if you are risking a thousand dollars on an illusion? {image} What now? {image} Do you think price will hold above the line, was the first setup maybe wrong? {image}
No way, i dont trust breakers easily, i observed my nature over time i get more tensed holding a losing trade specially when lot size is a bit more

I like 0 draw down of as much as possible it sounds absurd but once i manage to get in i do breakeven and take out the commission. And become risk free tension free if it works good if it didn't nothing to lose.

Its either entry & SL or alot entry & BE, and a few entry and profits... I find it more comfortable.
"Exchange of hands"
  • #2,202
  • Jul 17, 2021 8:12am Jul 17, 2021 8:12am
Oh wait, the line hold, but now what to do? up or down?

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This is why experience and thousands of hours over the years are required to trade.
  • #2,203
  • Jul 17, 2021 8:15am Jul 17, 2021 8:15am
Quoting scherzi
Oh wait, the line hold, but now what to do? up or down? {image} This is why experience and thousands of hours over the years are required to trade.
I guess down haha lets see
"Exchange of hands"
  • #2,204
  • Jul 17, 2021 10:04am Jul 17, 2021 10:04am
And do you think there is any technical reason for, let's say, Solana on H1, to reach new highs now as the more probable scenario?

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  • #2,205
  • Jul 17, 2021 10:19am Jul 17, 2021 10:19am
Quoting scherzi
And do you think there is any technical reason for, let's say, Solana on H1, to reach new highs now as the more probable scenario? {image}
Great it went low, as predicted, now yes i feel since it has taken the sell side liquidity it will go to rebalance the price at 27

I dont this asset in my broker. Seeing it first time.
"Exchange of hands"
  • #2,206
  • Jul 17, 2021 10:28am Jul 17, 2021 10:28am
Quoting scherzi
And do you think there is any technical reason for, let's say, Solana on H1, to reach new highs now as the more probable scenario? {image}

Don't do anything wait for Market Structure...
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  • #2,207
  • Jul 17, 2021 11:49am Jul 17, 2021 11:49am
Quoting stevepatt
{quote} Don't do anything wait for Market Structure... {image}
That's it.

Nothing more, nothing less.
  • #2,208
  • Jul 17, 2021 11:51am Jul 17, 2021 11:51am
Look here.

Wait, no. These equal highs...

Don't look at there, you will lose the global perspective. Flow with the chart, do not pin your eyes on it.


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When you see a double top, you wish deep in your heart price to go beyond to engineer sellside liquidity above.

But that won't happen most of the times; you need all the facts converging on your chart.

Study and practice, study and practice until you find your edge.

These examples are nothing, every day, every minute the market is different, you cannot be rigid. Forget about precision, you do not want to be precise.

You want to be profitable only. Once you will be profitable, and that most likely won't ever happen, then you may be wishing to improve your accuracy.

Or not, who knows.
  • #2,209
  • Edited 12:20pm Jul 17, 2021 12:03pm | Edited 12:20pm
See

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Will it be OTE just because I can draw a fibonacci retracement?
Nope.

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Where does liquidity lie?

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Do you trust that small OB on #1?
How is it possible that the white candle could bounce off the middle of that void on #2? Why has #3 created that big pinbar and moved up there?
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Study hard till you can asnwer all these questions. Not saying you will have the answer for the reason, but maybe you will elaborate an answer that is sufficient and specific to you.
  • #2,210
  • Jul 17, 2021 12:55pm Jul 17, 2021 12:55pm
Quoting bilal1947
{quote} Hi Mate i would advise you going through post#1, see a few courses as advised, read pdfs attached and practice on Demo, mark you date today till next year. - start a job while learning forex - you cannot just invest and earn but for sure one will loose in minutes. - any thing on the way you like to ask here, if i know the answer i will respond you or excuse that i dont know. regards bilal
Good day Bilal!

Thank you very much for that! I had definitely revisited Post#1, and dove right in.
I have been trading Real Account for a few months now - After much theory and practice prior. I am also very comfortable with my Risk Management and Equity protection. Nonetheless, I am a beginner and learner, as many of us are.
Which is exactly why this thread roped me right in - With so much knowledge and all of the Epic gold nuggets here... Brilliant.

Bilal, you and the many contributors here have done, and still are doing a fantastic job! Bless you all for that.

I have taken in many hours of Info, Reading and Watching - And I do know I am only scraping the surface of course, but I can now already see that this way - this method - it is pure Golden Fire!!

As I am unable to trade weekends, I decided to run this on back test.
I selected a Random date in Jan2020 - Let it Fast Forward few months, and then continued to play.
As it moved on... I came across a Setup starting to form, and placed all I've learned into this Play.
I must say - by the End of it, my socks were completely blown off - Thank you so much, again!

PHASE 1 : Observation

1) A Solid Uptrend with HH and HL
2) RSI Divergence is observed
3) New LH within Structure
4) Yesterday's High is Broken and Retested

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PHASE 2 : The Setup

5) BOS with new High and Retracement back to OB
6) OB was Not Retested
7) New Daily High formed
8) OB is Retested and Wicks up - Good Long Entry Signal.
9) Enter Long on a Bear Candle after 3 White Soldier pattern.

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PHASE 3 : The Action

Note: I used Fib Retracement here, to guide me with Target Levels.

10) Placed 100% Fib on the Entry, and 61.8% on the Last High (Target Level for 2 Open Positions)
11) Set the 38.2% as the 2nd Target Level (For 1 Open Position) - SL Moved to Break Even (Entry) after 1st Target hit.
12) Priced Hit all Fib Levels up to 0% (With scary accuracy).
13) Bearish Divergence is Observed +
14) Reversal Candlestick Pattern.

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Final Phase : BONUS

Note: Fib was placed out again, but I did not Enter a Position, just wanted to observe - And Again - I was Blown away.

15) Trend Reverses, and Price drops to 50% Fib.
16) 61.8% is Retested, Drops to 38.2% Fib, and then to 0% (Perfectly).
17) At this point, a Perfect Long Entry Opens for the Retail Trader. They Open, Place SL below OB....
.... Then get Stopped Out before Price Climbs again.

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I must thank you all!
But for me, this is only the beginning - Much to Learn, Practice and Overcome.
Until then - Be Well and Trade Strong!
"No Sacrifice, is the Sacrifice of your Dreams"
  • #2,211
  • Jul 17, 2021 1:01pm Jul 17, 2021 1:01pm
Quoting snyperfxza
{quote} Good day Bilal! Thank you very much for that! I had definitely revisited Post#1, and dove right in. I have been trading Real Account for a few months now - After much theory and practice prior. I am also very comfortable with my Risk Management and Equity protection. Nonetheless, I am a beginner and learner, as many of us are. Which is exactly why this thread roped me right in - With so much knowledge and all of the Epic gold nuggets here... Brilliant. Bilal, you and the many contributors here have done, and still are doing a fantastic job!...
Just an observation: remove the RSI from your chart if you wish to trade with order blocks and all that.

Order block are just small pieces of a much wider puzzle that do not include nor indicators, nor trendlines.

I am not saying that you should not use RSI, just that RSI and order blocks are not compatible.
  • #2,212
  • Jul 17, 2021 1:01pm Jul 17, 2021 1:01pm
Quoting scherzi
See {image} Will it be OTE just because I can draw a fibonacci retracement? Nope. {image} Where does liquidity lie? {image} Do you trust that small OB on #1? How is it possible that the white candle could bounce off the middle of that void on #2? Why has #3 created that big pinbar and moved up there? {image} Study hard till you can asnwer all these questions. Not saying you will have the answer for the reason, but maybe you will elaborate an answer that is sufficient and specific to you.
Hi Scherzi

So it went up not to 27 but to 26.75 aprox..

Thank you for giving me such excercises.

here as per the chat the void created by 2 was filled by 1 and makes sense, whereas 3 i dont no why it come down that low I didn't expect that. Now from a daily chart next target seems to be 15.

Second question i was asking myself, Why it created the void in first place.

Meanwhile please do correct if you find me seeing things differently.
"Exchange of hands"
  • #2,213
  • Jul 17, 2021 1:07pm Jul 17, 2021 1:07pm
Quoting bilal1947
{quote} Hi Scherzi So it went up not to 27 but to 26.75 aprox.. Thank you for giving me such excercises. here as per the chat the void created by 2 was filled by 1 and makes sense, whereas 3 i dont no why it come down that low I didn't expect that. Now from a daily chart next target seems to be 15. Second question i was asking myself, Why it created the void in first place. Meanwhile please do correct if you find me seeing things differently.
I am not going to teach , everything is just on Youtube and on Michael's materials. I do not intend to say that I understand correctly what Michael teaches globablly speaking and, a bad interpretation by my side transfered to you or anyone else could suppose a serious problem for you or any person reading me.

Do not expect precise answers from me. I won't give any.

The void was created because price went through only. When price crosses a level, there will always be a void there at that moment.
  • #2,214
  • Jul 17, 2021 1:18pm Jul 17, 2021 1:18pm
Quoting scherzi
{quote} Just an observation: remove the RSI from your chart if you wish to trade with order blocks and all that. Order block are just small pieces of a much wider puzzle that do not include nor indicators, nor trendlines. I am not saying that you should not use RSI, just that RSI and order blocks are not compatible.
Hi scherzi!
Thank you very much for that.
For me, the Divergence signal helps me see and build a setup more confidently - But I am very much open to learning and training to see all of the action from only Price. Will soon get there though!
"No Sacrifice, is the Sacrifice of your Dreams"
  • #2,215
  • Jul 17, 2021 1:20pm Jul 17, 2021 1:20pm
Quoting snyperfxza
{quote} Good day Bilal! Thank you very much for that! I had definitely revisited Post#1, and dove right in. I have been trading Real Account for a few months now - After much theory and practice prior. I am also very comfortable with my Risk Management and Equity protection. Nonetheless, I am a beginner and learner, as many of us are. Which is exactly why this thread roped me right in - With so much knowledge and all of the Epic gold nuggets here... Brilliant. Bilal, you and the many contributors here have done, and still are doing a fantastic job!...
Wow, you're practicing very good even I didn't practice like that.

Please do regard and consider the advice of Scherzi because he is following this system for 10 years, remove 0 i am just 1 year.

I started the thread with the name 1min divergence, bos and return to ob is entry as i progress i have decided to remove rsi from the system and it removed the blockage from seeing the things i was missing.

I would advise you to do the same.

Thank you.
Good luck
"Exchange of hands"
  • #2,216
  • Edited 1:39pm Jul 17, 2021 1:26pm | Edited 1:39pm
Quoting scherzi
{quote} I am not going to teach , everything is just on Youtube and on Michael's materials. I do not intend to say that I understand correctly what Michael teaches globablly speaking and, a bad interpretation by my side transfered to you or anyone else could suppose a serious problem for you or any person reading me. Do not expect precise answers from me. I won't give any. The void was created because price went through only. When price crosses a level, there will always be a void there at that moment.
Hahaha never mind, but thanks for sharing charts it keeps weekend progressive rather watching Netflix, YouTube and other video material is so huge it is going on
"Exchange of hands"
  • #2,217
  • Jul 17, 2021 1:28pm Jul 17, 2021 1:28pm
Quoting bilal1947
{quote} Wow, you're practicing very good even I didn't practice like that. Please do regard and consider the advice of Scherzi because he is following this system for 10 years, remove 0 i am just 1 year. I started the thread with the name 1min divergence, bos and return to ob is entry as i progress i have decided to remove rsi from the system and it removed the blockage from seeing the things i was missing. I would advise you to do the same. Thank you. Good luck
See what I mean - Nuggets!
I completely understand, and am happy to learn from all. I will also need to quickly learn to rid the divergence then

I have only gotten to Page 30 of the Thread so far - So please forgive me if I am using outdated techniques from the thread.

Much thanks!!
"No Sacrifice, is the Sacrifice of your Dreams"
  • #2,218
  • Edited 9:40pm Jul 17, 2021 1:42pm | Edited 9:40pm
Quoting bilal1947
My setup rules below: 1. Watch confluences of Round number, Fibonacci numbers, session open, observe divergence of rsi (optional). 2. Wait of liquidity grab and BOS (break of structure) . 3. Retest of OB (order block) is our entry. This can give easy 10pip with very less draw down i will share charts soon for understanding. (Once make some profit can close 80% of the lot and let the rest play) Try to always do breakeven once price move away to secure the equity, and book the profit to keep increasing the equity) we only trade price action with a...
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I also use ICT. ORDER BLOCKS AND RETEST OF UNTAPPED ORDER BLOCKS WHICH IS MY REASON FOR SPECULATING THIS MOVE. ANOTHER REASON IS DRAW ON LIQUIDITY SEEN CLEARLY ON THE DAILY TF. AM NEW HERE SO LEARNING HOW TO USE THE PLATFORM SORRY IF I TAGGED WRONGLY
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  • #2,219
  • Edited 6:21pm Jul 17, 2021 6:03pm | Edited 6:21pm
The line held and the price run the highs. And that is Solana, a cryptocurrency.

People, keep on working hard till you find your edge. I like posting examples in real time as price moves, because it allows you to err, adjust, refine and adapt. Hindsight analysis does not provide that experience.

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I do not use trendlines for trading anyways. But, wasn't it funny seeing price unable to break through?

I am curious about these two levels.

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  • #2,220
  • Edited 9:44pm Jul 17, 2021 9:16pm | Edited 9:44pm
Quoting bilal1947
My setup rules below: 1. Watch confluences of Round number, Fibonacci numbers, session open, observe divergence of rsi (optional). 2. Wait of liquidity grab and BOS (break of structure) . 3. Retest of OB (order block) is our entry. This can give easy 10pip with very less draw down i will share charts soon for understanding. (Once make some profit can close 80% of the lot and let the rest play) Try to always do breakeven once price move away to secure the equity, and book the profit to keep increasing the equity) we only trade price action with a...
Bro here is what am seeing on CadJpy. Entries can be made on the 1 minute for early entries. Reason for bias: Price could be retracing to retest the bullish weekly OB indicated by the lower horizontal line. This could provide sell opportunity ( thx for this platform, thx to Michael)
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