1M Price Action System

#2,221
Edited 2:57am Jul 18, 2021 2:37am | Edited 2:57am

scherzi
Joined Aug 2013 | Status: Trader | 614 Posts

Hey, the level also held!!

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Believe it or not, there was a bit of analysis and a lot of luck down at the line. I am one of the worst traders out there, trust my analysis and you are screwed for sure. The order-block did its work.

But see, no EMAs, no RSIs, nothing else but a line projected in the future. Indicators look at the past, but not at the future. Remove your indicators and concentrate your effort in the present and the future. At least for trading the elements from ICT as it is taught and explicitly indicated by Michael.

Cryptos, currencies, commodities, indices. It is all the same: speculation. Observe, besides, the mathematical precision the market maker applies to their price templates.

Do your own homework, nothing is given to you for free nor quickly. Study, study, practice, practice.

Take your time.

#2,222
Jul 18, 2021 2:55am Jul 18, 2021 2:55am

Nuraynfx
| Joined Jul 2021 | Status: Trader | 75 Posts

Quoting scherzi

Disliked

Hey, the level also held!! {image} Believe it or not, there was a bit of analysis and a lot of luck down at the line. I am one of the worst traders out there, trust my analysis and you are screwed for sure. Cryptos, currencies, commodities, indices. It is all the same: speculation. Observe, besides, the mathematical precision the market maker applies to their price templates. Do your own homework, nothing is given to you for free nor quickly. Study, study, practice, practice. Take your time.

Ignored

Hello I just wanted to ask if u looked at the bigger picture b4 buying at that point? Is it the failure to break that 5 min tf swing that caused price to retrace back to origin forming an M?? is it a retest I mean? Thx

#2,223
Edited 4:14am Jul 18, 2021 4:00am | Edited 4:14am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting scherzi

Disliked

Hey, the level also held!! {image} Believe it or not, there was a bit of analysis and a lot of luck down at the line. I am one of the worst traders out there, trust my analysis and you are screwed for sure. The order-block did its work. But see, no EMAs, no RSIs, nothing else but a line projected in the future. Indicators look at the past, but not at the future. Remove your indicators and concentrate your effort in the present and the future. At least for trading the elements from ICT as it is taught and explicitly indicated by Michael. Cryptos,...

Ignored

that is teasing

let people know your understanding too why you take the trade, else of 0 value to most of the people following the thread.

i try mostly to be more annotative even its pure luck but what works do try to explained the why ?

Even Michael puts chart annotations for students learning!

Nice trade !

"Exchange of hands"

#2,224
Jul 18, 2021 5:01am Jul 18, 2021 5:01am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts

Quoting scherzi

Disliked

Hey, the level also held!! {image} Believe it or not, there was a bit of analysis and a lot of luck down at the line. I am one of the worst traders out there, trust my analysis and you are screwed for sure. The order-block did its work. But see, no EMAs, no RSIs, nothing else but a line projected in the future. Indicators look at the past, but not at the future. Remove your indicators and concentrate your effort in the present and the future. At least for trading the elements from ICT as it is taught and explicitly indicated by Michael. Cryptos,...

Ignored

Hi Scherzi,

Was it really the M5 Bullish Order Block that Held Price?

Personally I would rather rely on what I am seeing Price do

Order Blocks, Breakers etcetera are fine as an indication of where to look but we only know there is something there once we see Price react

If I see Price Fail to make a New High/Low then Break Structure and create a New Low/High I know there is something there

I then want to see Price "Bleed Back" to Fill any Gap, that has been created, and then look for Trading Opportunities on a Lower Time Frame.

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#2,225
Jul 18, 2021 5:35am Jul 18, 2021 5:35am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts

GBP/USD M5/M1 Observations from Friday

It's not perfect but should keep you on the right side of the Market from a Micro Point of View

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#2,226
Jul 18, 2021 6:00am Jul 18, 2021 6:00am

scherzi
Joined Aug 2013 | Status: Trader | 614 Posts

Quoting bilal1947

Disliked

{quote} that is teasing let people know your understanding too why you take the trade, else of 0 value to most of the people following the thread. i try mostly to be more annotative even its pure luck but what works do try to explained the why ? Even Michael puts chart annotations for students learning! Nice trade !

Ignored

Ok, I will do it only once. From now on, I won't participate anymore in this thread anymore however.

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Also this

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Level is at local discount area.

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The level is at the symmetrical expansion.

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All that and more meets there, therefore it is a good level to study.

But remember, you have seen this method is good in real-time. I hope this will incentivize people to study it from the source.

Another advice is to find other people in a similar situation because joint work is very productive and you will learn a lot by sharing with others .

You have seveal open ICT groups on Telegram where you can find lots of annotations.

Bye and good luck.

#2,227
Jul 18, 2021 6:14am Jul 18, 2021 6:14am

mixedbags
Joined Apr 2019 | Status: Trader | 808 Posts

Quoting snyperfxza

Disliked

{quote} Until then - Be Well and Trade Strong!

Ignored

Unlikely that you are new to this games. You are able to get the gist of it and express in a manner of an instructor. Good job. RSI does have a role.
You are on track , stay on track and do your own research no need to heed anyone that just drop from the sky and claimed some deeper knowledge than you.

#2,228
Jul 18, 2021 6:18am Jul 18, 2021 6:18am

mixedbags
Joined Apr 2019 | Status: Trader | 808 Posts

If 75% we aim the next 75% not chicken out at 0%
put the RSI on the chart you will see it clear as sky

#2,229
Jul 18, 2021 10:24am Jul 18, 2021 10:24am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting stevepatt

Disliked

{quote} Hi Scherzi, Was it really the M5 Bullish Order Block that Held Price? Personally I would rather rely on what I am seeing Price do Order Blocks, Breakers etcetera are fine as an indication of where to look but we only know there is something there once we see Price react If I see Price Fail to make a New High/Low then Break Structure and create a New Low/High I know there is something there I then want to see Price "Bleed Back" to Fill any Gap, that has been created, and then look for Trading Opportunities on a Lower Time Frame. {image}

Ignored

Excellent breakdown, thanks Steve for sharing.

"Exchange of hands"

#2,230
Edited 11:09am Jul 18, 2021 10:26am | Edited 11:09am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting scherzi

Disliked

{quote} Ok, I will do it only once. From now on, I won't participate anymore in this thread anymore however. {image} Also this {image}Level is at local discount area. {image}The level is at the symmetrical expansion. {image} All that and more meets there, therefore it is a good level to study. But remember, you have seen this method is good in real-time. I hope this will incentivize people to study it from the source. Another advice is to find other people in a similar situation because joint work is very productive and you will learn a lot by sharing...

Ignored

thanks for sharing, thread is not important what important is the value to which ever thread you will be sharing, when you share

Good Luck and good trading

"Exchange of hands"

#2,231
Jul 18, 2021 10:30am Jul 18, 2021 10:30am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting mixedbags

Disliked

If 75% we aim the next 75% not chicken out at 0% put the RSI on the chart you will see it clear as sky

Ignored

RSI do has a role specially divergence and here SMT divergence, but not oversold/over bought thing. Being new if you just make RSI as base it will block the mind to see other details but RSI, not for every setup on lower time frame, that is my opinion.

"Exchange of hands"