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1M Price Action System

  • Linked: I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • #2,821
  • Aug 24, 2021 10:08am Aug 24, 2021 10:08am
Quoting tommydoginti
GU after big downswing post news, divergence at H1. m15 BOS and retest OB then rejected. Entry at TDI cross (TMS). Still running and at 100pips now. pretty neat concept and improved my performance. Best is it is complementary with my existing strategy not substituting it. Thanks for sharing Bilal and ITB {image}
closed with +124 pips plus another position at +40 pips. Pretty much made my month early.

Exit at 1.374 as an OB at around 1.3742. I thought it was likely to be respected since market was slow. Turned out it looked like a good exit at that moment.

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  • #2,822
  • Aug 24, 2021 10:32am Aug 24, 2021 10:32am
ob and breaker (or if you see it as sr flip).
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,823
  • Aug 24, 2021 11:18am Aug 24, 2021 11:18am
Quoting mixedbags
{quote} That's great. Meanwhile - {image}

and he keeps blowing accounts.
  • #2,824
  • Aug 24, 2021 8:26pm Aug 24, 2021 8:26pm
Besides BOS and trendline orderflow, I noticed that another trading method can be applied in this trade too, which was Quasimodo.
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Trading is not easy
  • #2,825
  • Aug 25, 2021 7:08am Aug 25, 2021 7:08am
Quoting JustPipping
Hello Bilal, After finding out you trade ICT and red that it made me curious I like the thread altough havent read all of it haha... Is it ok if i post here and share my opinions on liquidity for others to learn from it? if that helps.
off-course most welcome
"Exchange of hands"
  • #2,826
  • Aug 25, 2021 7:09am Aug 25, 2021 7:09am
Quoting Inthebox
{quote} i was reading this halfway yesterday in the internet. then you posted it. a good one.
Coincidence yes, really good read.
"Exchange of hands"
  • #2,827
  • Aug 25, 2021 7:10am Aug 25, 2021 7:10am
Quoting sleewc
23-08-21 Gold Long 1. Identify Imbalance candle 2. Identify Imbalance candle filled. 3. Candle back to ORDER BLOCK, wait till it done all the Stop order hunting. 3. Enter trade below or at Order Block Border when candle moving up. 4. Managed to TP total of 85 pips with 3 open positions, but the time of posting, bar went up total of 90 pips. {image}
welcome, i wouldn't be able to catch it to be honest, thanks for sharing.
"Exchange of hands"
  • #2,828
  • Aug 25, 2021 7:11am Aug 25, 2021 7:11am
Quoting Inthebox
{quote} continuation. breaker. {image}
ITB your pro
"Exchange of hands"
  • #2,829
  • Aug 25, 2021 7:13am Aug 25, 2021 7:13am
Quoting bleeze
GBPJPY, GBPUSD {image} {image}
Great Bleeze , i am very bad in catching trending moves, i messed them by looking for reversals.
"Exchange of hands"
  • #2,830
  • Aug 25, 2021 7:16am Aug 25, 2021 7:16am
Quoting Inthebox
usd index w1. liquidity rejected at resistance. {image}
weekly moves dont change quickly, perhaps dollar may still be bullish.
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"Exchange of hands"
  • #2,831
  • Aug 25, 2021 7:18am Aug 25, 2021 7:18am
Quoting Inthebox
{quote} {image}
though trendlines have liquidity beneath them keeping higher time frame perspective its a great way to catch the trend moves. yeah i am learning but needs more time on it.
"Exchange of hands"
  • #2,832
  • Aug 25, 2021 7:20am Aug 25, 2021 7:20am
Quoting tommydoginti
GU after big downswing post news, divergence at H1. m15 BOS and retest OB then rejected. Entry at TDI cross (TMS). Still running and at 100pips now. pretty neat concept and improved my performance. Best is it is complementary with my existing strategy not substituting it. Thanks for sharing Bilal and ITB {image}
Youre welcome mate!

a divergence is when the price and oscillator dont move in same direction, usually we see a price sudden move which oscillator not able to catch in its last 14 periods, and a divergence occurs, it can be a stop hunt as well as a change in direction. beware.
"Exchange of hands"
  • #2,833
  • Aug 25, 2021 7:34am Aug 25, 2021 7:34am
Lots of interesting stuff in your first post Bilal
Success!
  • #2,834
  • Aug 25, 2021 7:35am Aug 25, 2021 7:35am
Quoting Inthebox
{quote} of all the gbp pairs, i had to pick the most difficult one to show as set up. the breaker and ob failed. finally price went for the liquidity grab. {image}
your direction is absolutely right ITB. if price taps and move the next day life would be very easy.
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"Exchange of hands"
  • #2,835
  • Aug 25, 2021 8:06am Aug 25, 2021 8:06am
Hi guys, just want to ask one random question, which is extremely important especially when trading such a small tf. Would appreciate if anyone can shed some light on this.

as we all know when trading small tf, the cost [spread+commission] play a huge factor in whether we will be profitable or not after a number of trade. We can trade with a tight tp/sl until a point which the tp/sl cannot be any lower as the win rate to break even will be too high compared to our edge.

for example when total cost is 1 pip, trade with a 40 pip sl/tp is always better than 20 pip sl/tp as the required win rate to break even under 40 pip will be 1.25% which is half of 2.5% under 20 pips.

so my question is if we alter the tp/sl under 20 pip 1:1 sl/tp and it become 10 tp/30 sl, the required win rate to break even is still 2.5%, is the 2.5% edge equally easy to achieve compare to 2.5% edge in 20/20 /sl when all other factors remain the same?

I did a little calculation, when 1 pip cost, under 10 tp/30 sl the total cost per trade is actually (1/10*0.75)+(1/30*0.25)=0.083 which is higher than (1/20*0.5)+(1/20*0.5)=0.05, so the required edge 2.5% to break even under 10 tp/ 30sl should be harder to achieve than 20 tp/20 sl, but I can't seem to find a way to prove it, I am wondering if my thinking has any flaw or anyone would be able to come up with a way to prove this?

many thanks in advance!
  • #2,836
  • Aug 25, 2021 8:06am Aug 25, 2021 8:06am
Quoting bilal1947
{quote} your direction is absolutely right ITB. if price taps and move the next day life would be very easy. {image}
interesting to see that for the last few days gbp weakening vs commodity currencies (aud nzd cad) and strenthening vs usd jpy.
now GU is in a 2 day range and i see a breaker there at the bottom.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,837
  • Aug 25, 2021 8:31am Aug 25, 2021 8:31am
Quoting Inthebox
{quote} interesting to see that for the last few days gbp weakening vs commodity currencies (aud nzd cad) and strenthening vs usd jpy. now GU is in a 2 day range and i see a breaker there at the bottom.
Daily charts: (almost all have retraced to fill the FVG)

GBP: (i doubt that breaker will be able to hold)
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EUR:
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AUD: (despite locked down and crowd gatherings against lock down)
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JPY: (overall i feel it is still bearish)
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"Exchange of hands"
  • #2,838
  • Aug 25, 2021 8:52am Aug 25, 2021 8:52am
whether closing below yesterday low will be a determining factor.
also today is a inside bar of yesterday as of now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,839
  • Aug 25, 2021 9:08am Aug 25, 2021 9:08am
I want to highlight a beautiful yet simple and powerful thread highlighting setups which are almost the same as ONE SHOT ONE KILL (OSOK in ICT), do check out.

https://www.forexfactory.com/thread/...derflow-system
"Exchange of hands"
  • #2,840
  • Aug 25, 2021 9:29am Aug 25, 2021 9:29am
Quoting bilal1947
I want to highlight a beautiful yet simple and powerful thread highlighting setups which are almost the same as ONE SHOT ONE KILL (OSOK in ICT), do check out. https://www.forexfactory.com/thread/...derflow-system
this is quite similar with some variations found in one of the pdf you had posted.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
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