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1M Price Action System

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  • #2,841
  • Aug 25, 2021 9:33am Aug 25, 2021 9:33am
Quoting Inthebox
{quote} this is quite similar with some variations found in one of the pdf you had posted. {image}
wow! you have a sharp memory !!
"Exchange of hands"
  • #2,842
  • Aug 25, 2021 9:47am Aug 25, 2021 9:47am
Quoting Inthebox
{quote} this is quite similar with some variations found in one of the pdf you had posted. {image}
Actually I have seen many videos on Youtube of the author of this PDF before, some other Supply and Demand Traders too. It's true that some concept are almost the same.
Trading is not easy
  • #2,843
  • Aug 25, 2021 9:56am Aug 25, 2021 9:56am
Quoting xiaotiao
{quote} Actually I have seen many videos on Youtube of the author of this PDF before, some other Supply and Demand Traders too. It's true that some concept are almost the same.
yes quite a number of them.
the important thing how is your own mind going to process them in a compact form among so many others, that when it happens on the chart one can recall them.
i have use the above as my wall paper.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,844
  • Edited 10:43am Aug 25, 2021 10:23am | Edited 10:43am
Quoting Inthebox
whether closing below yesterday low will be a determining factor. also today is a inside bar of yesterday as of now. {image}
and so far didn't violate yesterday high. lets see is it the day or it will roam left and right for another day.
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"Exchange of hands"
  • #2,845
  • Aug 25, 2021 10:41am Aug 25, 2021 10:41am
Quoting GoldenFinger
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...
i don't have an answer to that because we are playing on probability.
say we trade in london session for trend trading.
1:3 is easier or higher chance to obtain as we have 3 times buffer for sl with shorter distance for tp than 1:1, provided we got the direction right. but then that will bring another question if the direction is right, why not we get 30 pips tp.
the downside as mentioned by you is that the trade costs more.

the following may not be the answer that you are looking for. it's my preference.
https://www.forexfactory.com/thread/...6#post13679276

use percentage of equity instead of number of pips as tp/sl.
not limited by fixed pips but instead tp/sl at fractals where there is support and resistance, which i find is more pragmatic.
in the chart, one may use sl 1 or 2%, and i find a fractal which gave me slightly more than 2R.
it went up to a higher resistance at 4R. but it does not matter to me as i have made my calculation before hand.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,846
  • Aug 25, 2021 10:41am Aug 25, 2021 10:41am
Quoting Inthebox
{quote} this is quite similar with some variations found in one of the pdf you had posted. {image}
You can tell exactly in which of the books it is placed - with a link. Thanks in advance.
  • #2,847
  • Aug 25, 2021 10:45am Aug 25, 2021 10:45am
Quoting RomanUkraine
{quote} You can tell exactly in which of the books it is placed - with a link. Thanks in advance.
Here it is.
https://www.forexfactory.com/thread/...5#post13591395
Trading is not easy
  • #2,848
  • Aug 25, 2021 10:45am Aug 25, 2021 10:45am
Quoting RomanUkraine
{quote} You can tell exactly in which of the books it is placed - with a link. Thanks in advance.
First click here to see all of them and on any other thread to see their attachments:
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this book ITB is referring: (page 11)
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"Exchange of hands"
  • #2,849
  • Aug 25, 2021 12:07pm Aug 25, 2021 12:07pm
Equal low then liquidity grab, rejection to up and enter buy. Closed with +20pips

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  • #2,850
  • Aug 25, 2021 6:40pm Aug 25, 2021 6:40pm
Quoting Inthebox
whether closing below yesterday low will be a determining factor. also today is a inside bar of yesterday as of now. {image}
breaker.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,851
  • Aug 25, 2021 11:55pm Aug 25, 2021 11:55pm
Quoting bilal1947
{quote} your direction is absolutely right ITB. if price taps and move the next day life would be very easy. {image}
Im so confuse too
This is what i see
Red = Fresh BEOB W1
Aqua = Fresh BUOB D1
Orange / Pink = Gap
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Any Sugget
Using Chaos to Finding Order
  • #2,852
  • Aug 26, 2021 12:56am Aug 26, 2021 12:56am
Quoting Pram808
{quote} Im so confuse too This is what i see Red = Fresh BEOB W1 Aqua = Fresh BUOB D1 Orange / Pink = Gap {image}Any Sugget
since you are looking at w1 and d1,
i look also, but in a bigger helicopter view.
w1 hhhl. no major structure broken, so still in uptrend and ranging.
d1 lllh counter trend to w1.
one day d1 met with w1 rbr also fib 38. rally structure broken. came back down to test the low.
h4 supported at ob, d1 low and fib 38. now hh hl, rejoining w1 up trend.
you can trade up or down, but you have to know which time frame trend you are trading in lower time frame.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,853
  • Aug 26, 2021 1:10am Aug 26, 2021 1:10am
Quoting Inthebox
{quote} since you are looking at w1 and d1, i look also, but in a bigger helicopter view. w1 hhhl. no major structure broken, so still in uptrend and ranging. d1 lllh counter trend to w1. one day d1 met with w1 rbr also fib 38. rally structure broken. came back down to test the low. h4 supported at ob, d1 low and fib 38. now hh hl, rejoining w1 up trend. you can trade up or down, but you have to know which time frame trend you are trading in lower time frame. {image}
Wow thanks inthebox, wish i can see like your helicopters view,
Using Chaos to Finding Order
  • #2,854
  • Aug 26, 2021 1:15am Aug 26, 2021 1:15am
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue.

Example of Imbalance Filling and Trend Continue.
-Candle bars should consolidate at Mid range of the long bar.
- Then the entry can be at the mid range or border of the mid range, SL above or below the range border

Cheers
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  • #2,855
  • Aug 26, 2021 1:20am Aug 26, 2021 1:20am
liquidity?
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,856
  • Aug 26, 2021 1:23am Aug 26, 2021 1:23am
Quoting sleewc
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue. Example of Imbalance Filling and Trend Continue. -Candle bars should consolidate at Mid range of the long bar. - Then the entry can be at the mid range or border of the mid range, SL above or below the range border Cheers {image}
By the time of posting, am having +23 pips; as I took position a bit late due to was busy with other matter.
Cheers
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  • #2,857
  • Aug 26, 2021 1:37am Aug 26, 2021 1:37am
Hi guys, I have just entered a sell trade in GBPUSD, this method is from a Supply & Demand trader (Bystra, the author of Bystra Homework pdf). Hopefully it turn out well and this post wont violate this thread.
Attached Image (click to enlarge)
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Trading is not easy
  • #2,858
  • Aug 26, 2021 1:57am Aug 26, 2021 1:57am
Quoting sleewc
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue. Example of Imbalance Filling and Trend Continue. -Candle bars should consolidate at Mid range of the long bar. - Then the entry can be at the mid range or border of the mid range, SL above or below the range border Cheers {image}
thanks for posting.
is the imbalance the yellow box?
is it considered filled if price retraced to half of the yellow box and continue down or the whole box have to be filled?
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,859
  • Aug 26, 2021 2:08am Aug 26, 2021 2:08am
Quoting xiaotiao
Hi guys, I have just entered a sell trade in GBPUSD, this method is from a Supply & Demand trader (Bystra, the author of Bystra Homework pdf). Hopefully it turn out well and this post wont violate this thread. {image}
What is DBD in your chart?
  • #2,860
  • Aug 26, 2021 2:18am Aug 26, 2021 2:18am
Quoting KevinZeng
{quote} What is DBD in your chart?
DBD = Drop Base Drop, which is a Supply area.
Trading is not easy
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