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1M Price Action System

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  • #2,381
  • Jul 30, 2021 9:36am Jul 30, 2021 9:36am
Quoting Inthebox
usdcad before news. {image}
Thanks ITB for sharing. After studying for a while now I understand your charts!

congratulation and have a nice weekend
  • #2,382
  • Jul 30, 2021 9:44am Jul 30, 2021 9:44am
GBPJPY short
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cut your losses short and let your profit run
  • #2,383
  • Jul 30, 2021 9:45am Jul 30, 2021 9:45am
Quoting tommydoginti
I think I am starting to grasp the idea. Seems an effective way to look for price levels to anticipate a price reaction. It may or may not happen, but if GU goes down trend my guess is a major pull back/reversal at this OB. {image}
my view. may not be accurate.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,384
  • Jul 30, 2021 9:56am Jul 30, 2021 9:56am
Quoting Inthebox
{quote} my view. may not be accurate. {image}
On my chart it seems not having an imbalance? But we will find out very soon as price is near now.

*edit: I referred to earlier idea of OB in this thread so... can be missing something recent that can justify this level

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  • #2,385
  • Jul 30, 2021 10:11am Jul 30, 2021 10:11am
I think we should post the plans before they happen, because it helps me and the newbies get the hang of the entry. Sorry about my english
  • #2,386
  • Jul 30, 2021 10:12am Jul 30, 2021 10:12am
Quoting tommydoginti
{quote} On my chart it seems not having an imbalance? But we will find out very soon as price is near now. *edit: I referred to earlier idea of OB in this thread so... can be missing something recent that can justify this level {image}
there are other things when looking at big picture.
the ob i highlighted was yesterday low.
supported by trend line and round number.
bound to have reaction there, the question is the magnitude.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,387
  • Jul 30, 2021 10:32am Jul 30, 2021 10:32am
Quoting Inthebox
{quote} my view. may not be accurate. {image}
looks like we are having a shift in market structure after hitting that daily OB
cut your losses short and let your profit run
  • #2,388
  • Jul 30, 2021 10:38am Jul 30, 2021 10:38am
Quoting minhzz
I think we should post the plans before they happen, because it helps me and the newbies get the hang of the entry. Sorry about my english
the key words are participation from everybody.
not only involving the regular few posters only.
all who want to learn should be involved, whether newbies or experienced.
this is the fastest way to learn - by knowing where the trade had gone wrong.
or else this will be turned into a signal service for newbies.
i am no expert anyway. still trying to take the post 1 lessons.

we can start off by each one of us post one trade a day within 5 min after the entry was done.
by sifting the chaff from the wheat, then we can see how much participation we get here.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,389
  • Jul 30, 2021 10:43am Jul 30, 2021 10:43am
Quoting bleeze
{quote} looks like we are having a shift in market structure after hitting that daily OB
you mean turning down?
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,390
  • Jul 30, 2021 10:46am Jul 30, 2021 10:46am
Quoting minhzz
I think we should post the plans before they happen, because it helps me and the newbies get the hang of the entry. Sorry about my english
i think you should be willing to put in the work to actually figure things out... you can actually go on your chart to trace back why a trade was taken, what was the thought process like... when you don't understand you can then ask.
this thread is not a signal service. but if anyone feels comfortable to post their trade before they happen, that's fine
cut your losses short and let your profit run
  • #2,391
  • Jul 30, 2021 10:50am Jul 30, 2021 10:50am
Quoting Inthebox
{quote} you mean turning down?
yes. we tapped htf OB. i would expect the intermediate timeframe trend to change... we have failed to create a HH also.
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cut your losses short and let your profit run
  • #2,392
  • Jul 30, 2021 11:00am Jul 30, 2021 11:00am
Quoting bleeze
{quote} yes. we tapped htf OB. i would expect the intermediate timeframe trend to change... we have failed to create a HH also. {image} {image}
Just my POV as I intend to use this at its simplest form for price level determination.

All LTF upside imbalances or OB are tested already (according to early concept as per this thread). Also most of the downside until 1.3830. Putting all other PA aside price is more likely to go down and to 1.383 or lower. In reality of course it is not that simple because of new orders from retail and institutional traders and other reasons. Just that the OB is not tested in H4 or lower, which is pretty HTF, its “attraction” IMO is significant enough to draw price.

Just proof of concept speculation.
  • #2,393
  • Jul 30, 2021 11:05am Jul 30, 2021 11:05am
Quoting tommydoginti
{quote} Just my POV as I intend to use this at its simplest form for price level determination. All LTF upside imbalances or OB are tested already (according to early concept as per this thread). Also most of the downside until 1.3830. Putting all other PA aside price is more likely to go down and to 1.383 or lower. In reality of course it is not that simple because of new orders from retail and institutional traders and other reasons. Just that the OB is not tested in H4 or lower, which is pretty HTF, its “attraction” IMO is significant enough...
so ill be working with fresh OB created on the h1 as we go down, until we have a shift in market structure on the h1 , ill be looking for shorts.... we might probably get a shift in structure when we tap that h4 OB to continue long..
lets see what the market offers next week and ill react accordingly
cut your losses short and let your profit run
  • #2,394
  • Jul 30, 2021 11:08am Jul 30, 2021 11:08am
Quoting bleeze
{quote} yes. we tapped htf OB. i would expect the intermediate timeframe trend to change... we have failed to create a HH also. {image} {image}
may be will happen.
my view is that i won't be looking to short unless today closes below yesterday's low, and convincingly breakdown the support in d1.
the w1 also show bullish momentum. i do not know what they call that 3 candle pattern.
last day of the month. going to bed now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,395
  • Jul 30, 2021 11:22am Jul 30, 2021 11:22am
i was long on this trade. but i have to rest my eyes.
round number, this week fib 38 and ob.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,396
  • Jul 30, 2021 11:26am Jul 30, 2021 11:26am
Gold.

FVGap candle make OB the breaker and it may defend the price here, looking it as TP, which is also 50% of the leg.

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I dont know how to explain or does it have any significance, just an observation that price retraced to 50% = Equilibrium level of different legs
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"Exchange of hands"
  • #2,397
  • Jul 30, 2021 11:28am Jul 30, 2021 11:28am
Quoting Inthebox
i was long on this trade. but i have to rest my eyes. round number, this week fib and ob. {image}
I am actually testing my knowledge of OB and experimenting manage my trade with it so...

But it is BE+ now nothing to lose. If I stay up late enough and if price creates a bearish OB I might as well trail SL above it. An application I found feasible.

good night and have a nice weekend.
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  • #2,398
  • Edited 12:26pm Jul 30, 2021 11:33am | Edited 12:26pm
GBPUSD - lets see, more chance it will go higher.
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"Exchange of hands"
  • #2,399
  • Jul 30, 2021 11:41am Jul 30, 2021 11:41am
Quoting bilal1947
Gold. FVGap candle make OB the breaker and it may defend the price here, looking it as TP, which is also 50% of the leg. {image} I dont know how to explain or does it have any significance, just an observation that price retraced to 50% = Equilibrium level of different legs {image}

Yes 50% retracement is a common consensus. Although not really an accurate indication, it can be used as confluence and/or anticipation element IMO.

I sometimes use this idea in my trading because the “line” function on mobile MT4 would highlight the midpoint of the lines. Pretty interesting but very handy use of them.


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  • #2,400
  • Jul 30, 2021 11:58am Jul 30, 2021 11:58am
Quoting bilal1947
Gold. FVGap candle make OB the breaker and it may defend the price here, looking it as TP, which is also 50% of the leg. {image} I dont know how to explain or does it have any significance, just an observation that price retraced to 50% = Equilibrium level of different legs {image}
Hi, Bilal could you please explain why did you make entry sell of Gold there?
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