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1M Price Action System

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  • #2,621
  • Aug 12, 2021 8:02am Aug 12, 2021 8:02am
hey guys.

im just curious. how do you place your tp. do you go for the previous high/low, or you aim for the next opposite OB, or you aim for nearest FVG ?
  • #2,622
  • Aug 12, 2021 8:13am Aug 12, 2021 8:13am
Quoting jacktrader1
hey guys. im just curious. how do you place your tp. do you go for the previous high/low, or you aim for the next opposite OB, or you aim for nearest FVG ?
simple terms.
scalper - 1 or 2 fractals away.
day trader - 1 or 2 fractals away htf than scalper.
swing trader - 1 or 2 h4 fractals away.
day and swing trader can coincide with previous days hl.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,623
  • Aug 12, 2021 8:25am Aug 12, 2021 8:25am
Quoting Inthebox
{quote} simple terms. scalper - 1 or 2 fractals away. day trader - 1 or 2 fractals away htf than scalper. swing trader - 1 or 2 h4 fractals away. day and swing trader can coincide with previous days hl.
agree. Just to add I think the choice of TF can be dependent of analysis and flexible.

For example of seeing a good BUY setup on m15 thru H4 based on your analysis, entry can be m15 but TP set according to what is seen on H4. That is how sometimes I get high RR trades.

But I agree the approx. setting of TP as recommended by ITB.
  • #2,624
  • Aug 12, 2021 10:24am Aug 12, 2021 10:24am
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thought of sharing this one...

price broke lower stops and quickly retraced up to fill the tiny fvg. i enter after the fill and ride it to nearest low. 15p
  • #2,625
  • Aug 12, 2021 8:09pm Aug 12, 2021 8:09pm
GU retested OB and rejected. TP at BRN 1.38

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  • #2,626
  • Aug 12, 2021 9:28pm Aug 12, 2021 9:28pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,627
  • Edited 12:33am Aug 13, 2021 12:18am | Edited 12:33am
Quoting Wiiikkks
Didn't get it. Please if anyone can understand it why price is not following the highlighted areas. It was confirmed a bearish move in daily trend. {image}
If you go back to the Daily time-frame you will find that there was a change of behaviour in price movement (the up move is longer than the previous). This kind of change of behaviour can sometimes go with the BOS (like in this case) and sometimes not. What does this mean? Do we have a reversal? No, it simply means you can expect a pause in the down moves (like in this case). It is a signal that shouldn't be read alone - you still have to look at the context or background. A pause could be a consolidation or a retracement (or even a possible start of a reversal).

Edit: From an intra-day point of view you can expect resistance areas not to hold as more buying is coming in (as can be seen from the Daily time-frame). It is possible that this could be short-term.
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  • #2,628
  • Aug 13, 2021 2:22am Aug 13, 2021 2:22am
Damian Castilla aka Mr Pip on Projection (thrust), Depth and Momentum...

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  • #2,629
  • Aug 13, 2021 8:36am Aug 13, 2021 8:36am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,630
  • Edited 10:15am Aug 13, 2021 9:11am | Edited 10:15am
EURUSD
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"Exchange of hands"
  • #2,631
  • Edited 10:16am Aug 13, 2021 9:12am | Edited 10:16am
GBPUSD
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"Exchange of hands"
  • #2,632
  • Edited 10:17am Aug 13, 2021 9:12am | Edited 10:17am
USDJPY
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"Exchange of hands"
  • #2,633
  • Edited 10:17am Aug 13, 2021 9:13am | Edited 10:17am
AUDUSD
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"Exchange of hands"
  • #2,634
  • Aug 13, 2021 11:47am Aug 13, 2021 11:47am
Quoting bilal1947
GBPUSD {image}
There is no BOS and entry is not on retracement after BOS. How you took the decision to go long?
  • #2,635
  • Aug 13, 2021 11:59am Aug 13, 2021 11:59am
Quoting Wiiikkks
{quote} There is no BOS and entry is not on retracement after BOS. How you took the decision to go long?
Based on dollar index, i knew the direction, and here BOS happened in M1 you can check.
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"Exchange of hands"
  • #2,636
  • Aug 13, 2021 12:03pm Aug 13, 2021 12:03pm
I have taken a trade in AUDUSD too, almost same as Bilal's entry.
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Trading is not easy
  • #2,637
  • Aug 13, 2021 12:31pm Aug 13, 2021 12:31pm
Quoting bilal1947
{quote} Based on dollar index, i knew the direction, and here BOS happened in M1 you can check. {image}
Dollar index is expected to be retrace back that why you put dollar on sell with pairs. Am i right?
  • #2,638
  • Aug 13, 2021 3:47pm Aug 13, 2021 3:47pm
Quoting Pumi
{quote} If you go back to the Daily time-frame you will find that there was a change of behaviour in price movement (the up move is longer than the previous). This kind of change of behaviour can sometimes go with the BOS (like in this case) and sometimes not. What does this mean? Do we have a reversal? No, it simply means you can expect a pause in the down moves (like in this case). It is a signal that shouldn't be read alone - you still have to look at the context or background. A pause could be a consolidation or a retracement (or even a possible...
That pattern seems to be a bullish gartley
  • #2,639
  • Aug 14, 2021 1:56am Aug 14, 2021 1:56am
Quoting Wiiikkks
{quote} Dollar index is expected to be retrace back that why you put dollar on sell with pairs. Am i right?
usd index m15.
on retrace of fib 78.6 at ob.
broken trend line followed by ll lh.
so usd already weakening at point of entry..
the most important reason is smt divergence.
one also noticed that eu did not go below yesterday low.
gu went below previous day low, which is a liquidity grab/stop hunt zone.
then the opportunity to buy happened during london session.
the above done on hindsight.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,640
  • Aug 14, 2021 6:49am Aug 14, 2021 6:49am
Quoting Inthebox
{quote} usd index m15. on retrace of fib 78.6 at ob. broken trend line followed by ll lh. so usd already weakening at point of entry.. the most important reason is smt divergence. one also noticed that eu did not go below yesterday low. gu went below previous day low, which is a liquidity grab/stop hunt zone. then the opportunity to buy happened during london session. the above done on hindsight. {image}
How to determine stop hunting or bos?
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