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1M Price Action System

  • Linked: I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • #3,081
  • Sep 17, 2021 5:27am Sep 17, 2021 5:27am
Support Resistance Price
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  • #3,082
  • Sep 17, 2021 5:30am Sep 17, 2021 5:30am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,083
  • Sep 17, 2021 7:03am Sep 17, 2021 7:03am
Quoting xiaotiao
Possible scenario? {image}
possible.
"Exchange of hands"
  • #3,084
  • Sep 17, 2021 9:32am Sep 17, 2021 9:32am
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cut your losses short and let your profit run
  • #3,085
  • Sep 17, 2021 10:12am Sep 17, 2021 10:12am
CADJPY short trade.
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EURJPY short trade.
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I have a question, is the support area I circled can be considered as a breaker block according to ICT concept?
Trading is not easy
  • #3,086
  • Sep 18, 2021 2:35am Sep 18, 2021 2:35am
Quoting xiaotiao
CADJPY short trade. {image} EURJPY short trade. {image} I have a question, is the support area I circled can be considered as a breaker block according to ICT concept?
From the point of view of the time-frame you are looking at it is not a breaker block. If you look at your second circle and zoom to the LTF you have a bearish order block and that is what the price is reacting to - those who bought the Support are happy to release their trades at break-even (or reduced loss) and some of the breakout traders might have stops there.
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  • #3,087
  • Edited 4:51am Sep 18, 2021 2:51am | Edited 4:51am
If you study Order Blocks more you will find that not all Order Blocks have the same strength or weight (some are weaker). You will know which one has a higher probability to be respected and the one that is highly likely to be violated. That is all I am going to say. Too see this you will have do the time on the charts. Bilal partly gave us a clue when he started this thread. Just identify and study the ordinary Order Blocks (and leave the rest - rejection, vacuum, breaker, mitigation, propulsion, etc).

Edit: Use one time-frame to see this (I started learning about this on the GBPUSD H1). Knowing the strength/weight you will be able to tell if the price is likely to return to the Order Block or the Breaker Block (retest of the BOS) or it will be a runaway.
  • #3,088
  • Sep 20, 2021 5:50am Sep 20, 2021 5:50am
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Trading is not easy
  • #3,089
  • Sep 20, 2021 12:01pm Sep 20, 2021 12:01pm
@Mike...

Always watch-out of the Railway Tracks. You can find good Order Blocks there and the pattern is also known as a reversal pattern (Steve Mauro, BTMM, also mentions it).
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  • #3,090
  • Sep 21, 2021 3:54am Sep 21, 2021 3:54am
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cut your losses short and let your profit run
  • #3,091
  • Sep 21, 2021 7:41am Sep 21, 2021 7:41am
Quoting Pumi
@Mike... Always watch-out of the Railway Tracks. You can find good Order Blocks there and the pattern is also known as a reversal pattern (Steve Mauro, BTMM, also mentions it). {image}

Hi Pumi, Thank you for your comments. I saw that the initial sharp drop with FVG swept both ends of the range for liquidity. I also noted the railway track pattern pattern following the drop. I think my error was to over estimate the strength of the breaker block to push price back down. I noticed you made a comment about the strength of OB's a few posts back. I will try to gain some further insight in this respect.
  • #3,092
  • Sep 22, 2021 7:07am Sep 22, 2021 7:07am
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My view on Gold in the near term
  • #3,093
  • Sep 22, 2021 12:16pm Sep 22, 2021 12:16pm
Quoting BWilliam
A direct answer to your question. I checked the charts, the probability is marginally higher for price to drop to 1.36 than rise to 1.42 as price rise towards 1.3920 as of now. Hope this post help answer your question. Cheers
Update - I made this call more than a fortnight ago checking chart on my phone. The high hit 1.3913 on 14 Sep and the low hit 1.36159 on 22 Sep.
Know what you trade
  • #3,094
  • Sep 23, 2021 10:56am Sep 23, 2021 10:56am
Supply and Demand
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  • #3,095
  • Sep 23, 2021 11:12am Sep 23, 2021 11:12am
Quoting Nod32
Supply and Demand {image}
Your analysis is on point. My pending buy limit just picked @ 1745.23 to the pip with no single draw down. Look up my post of yesterday's view on Gold
  • #3,096
  • Sep 24, 2021 3:53pm Sep 24, 2021 3:53pm
Quoting bleeze
{image}
hello bleeze,
if you dont mind could you please check your ff inbox i sent you two mesages
  • #3,097
  • Edited 6:39am Sep 25, 2021 3:53am | Edited 6:39am
Quoting BWilliam
{quote} Update - I made this call more than a fortnight ago checking chart on my phone. The high hit 1.3913 on 14 Sep and the low hit 1.36159 on 22 Sep.
As I am going through, again, the ICT Market Maker Collection/Series videos I can see that your call is in line with the Market Maker Sell Profile.
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  • #3,098
  • Sep 25, 2021 9:27am Sep 25, 2021 9:27am
Quoting Pumi
{quote} As I am going through, again, the ICT Market Maker Collection/Series videos I can see that your call is in line with the Market Maker Sell Profile. {image}
Hi Pumi, I make my live calls seriously. In my conversation with Bilal in August I made this live call on Andy's thread.
https://www.forexfactory.com/thread/...3#post13662643

Update - the August high 1831.70 was set on 4 Aug. Market tested this high 1833.95 on 3 Sep.

Live calls allow readers to follow the market, then ask themselves why can't they "see" this high before it happened?
If it's impossible to do how come someone can "see" the high lows before the market play it out?
Know what you trade
  • #3,099
  • Sep 27, 2021 11:43pm Sep 27, 2021 11:43pm
short usdcad
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,100
  • Sep 28, 2021 6:16am Sep 28, 2021 6:16am
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cut your losses short and let your profit run
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