1M Price Action System

USDJPY - gave this one another try after more cleaner OB touch + 155.1 strong reaction/liquidity grab.
80% off at roughly 1:3RR and leaving rest running.

First agressive sell position @1M - entry trigger on old opposite buy candle/OB retest:

Finnally a consolidation squeeze/wedge breakout @15M:

Can you explain how you read market structure.

On the last chart and on the previous one I see break of structure up then I break down but you take the bullish order block.

I can not show what I mean on charts since I'm on the mobile if you don't know what I mean I will explain later with pictures once I'm Infront of the computer

Thanks kind regards

Hey,

Thats exactly how its done or what is Your concern? Everything is simplified in first post as well, really hard to break it down even simplier but I try:
1) Some kind of break of structure
2) Retest to that OB which broke structure (preferably impulsive break + compression back to that OB [preferably untested] where impulsivness started)

And then add other higher/lower timeframe confluences, liquidity taken/about to take, round numbers, fib retracements levels, trends/patterns etc whatever you like.

Example below: "countertrading to bleeze" from OB to OB - very simple, just look for some BOS + OB RETEST. Taking profits around hes old entry level.
Does it mean I lose if Im trading against him? No im just riding the next wave back, following strictly rules & assuming most of hes bullish move is over by now + overall orderflow is still bearish.

Example of the same EURUSD chart as in previous post, 15M chart here - red lines are structure breaks (BOS) and green boxes are all high probability potential buying oppurtunities followed by BOS. Pink boxes are high probability potential sell opportunities & red box is main "higher" timeframe main trend OB as long as it isnt broken in this range, market is mainly bearish.
You get the idea .. I hope. I still left few potential entry levels unmarked, feel free to find out these by yourself. : )

Example why i decided to sell here:
Reaction to main/"higher timeframe" OB (big pink box) which broke previous structure. Then wait for 5m/1m BOS (red line) + retest to that OB area for entries which broke structure (smaller pink box - potential entry zone).


Theres 10+ potential trades in that ~8hour window alone (15M chart) which all could have been pretty much zero drawdown and generate about ~10-30 pips each.

What are the criteria for your algo to take trades... ?

Always watch HTF order flow, then looking on LTF to entry, read post 1 for the criterias

Hey,

As usual, simplified version is HTF BOS + OB RETEST.
Impulsive structure break + compression back to OB for retest - potential entry area.

To get a bit more confluences it all comes down to experience & price action reading on both higher & lower timeframes.
Theres some things I had in mind before & after opening trade:
1) Monthly + weekly liquidity grabbed (or some of it atleast). Weekly OB/key level/resistance etc.
2) 1H/30M Impulsive BOS + comperssion back to OB area.
3) 115 round number - big players/algorithms/banks etc however You like to call, like to play around these levels I believe as seen on picture above - impulsive reaction from 115.1.

Lower timeframe entry triggers:
1) NY session.
2) Liquidity + candlesticks. Lower timeframe liquidity was grabbed (sellers taken out of the market + buyers tricked into market inside 1H/30M OB - bearish for me). We build liquidity around that 115 level (double/triple top), then grabbed it without any real volume to upside - got big wick close - so I assume price doesent want to go there (upside) still - so were most likely going downside.
3) Impulsivness of the bearish candles vs bullish candles inside consolidation zone.
4) Retest of OB (retest of previous buy candle for sells) for entry.
5) Scaled in with momentum when price broke more "mini" 1M structure - LL was made (after nearly 1hr of no real HH-s/LL-s @ 1m).
Price made rising wedge & triangle @ key level - "OB/resistance/supply" zone.
I read these patterns as: price squeeze is getting tighter and tigther (low volatility - expecting breakout anytime) while leaning more on bearish side - no more HHs.

Thank you for the detailed explanation, I really appreciate. I will spend more time and study your earlier posts too. Was always ignoring 1m timeframe until I came across your post. Many traders dismissed @1m due "noise". Recently came across a decent algo which uses RSI & BB , was wondering how to input condition of respecting "order blocks./resistance/supply zones" and open a sell trade. And vice versa, RSI is easy, just indicate the condition as a number and algo follows that, but as expected results are bad, very. Here your algo respect the zones, but I think what I need is a code to copy and set these conditions.

Heyho,

Higher timeframes are the key still and most important, You cant ignore them. Thats where you should find your key areas before taking it down into 1m/5m for entry. But you also have to know that every big move starts first in lower timeframe and thats why its best to combine both.
Market is also fractal timeframe wise, same setups can be found on every timeframe 15s, 1m ,5m ,69m, 500m.. chart etc.

For me entry should always be on lower timeframes cause I have the ability to choose it as per convenience and availability. Allows for better risk to reward ratios.
You have to know what Youre looking for, gotta have your higher timeframe zones marked - so you know what to expect, otherwise it can make your life harder if Youre focusing on 1m only. I look at all the main ones - weekly, daily, 4h, 1h, 15m, 5m & 1m. I have constantly set phone alarms few minutes before 4h close is about to happen, cause often fakemoves/liquidity grabs happen around that time before price takes actual direction.
5m & 1m for entries only, 1m really allows me to get better entries and squeeze more out of the market but you have to know what condition youre in higher timeframe not just randomly use 1m only.
1m can really play with your mind cause it moves really fast especially for beginners and You have to make the decisions quick - thats why probably alot of people call it "noise" in fact its not, people are different and preferences are different, one thing doesent suit to everyone. Im constantly switching between 1m/5m/15m to make sure everything lines up perfectly when im pulling the entry trigger. If you know what Youre looking for, have the experience & time - You can spot yearly, monthly, weekly, daily etc reversals/continuations on 1m, but again You need to be in the right overall higher timeframe key level/zone & have to know what Youre looking for, create gameplan!

As for the RSI - i barely even use it anymore, only for divergence spotting from time to time, but even then I can see the divergence in the price action when trend is getting exhausted/ascent/impulsivness changes and about to reverse etc. Most of the indicators/if not all are lagging and just confusing for me, theres already alot of stuff to keep eye on in price action, different timeframes, candle closes etc so masking it with indicators just overcomplicates it for me.
Algo - assuming You mean automated trading system/bot - I dont know, never used one, executing all trades by myself.

Goodluck!

Quick Gold NY session scalp.
Kinda slow/bearish still, so closing here ^^

swing short... from monthly Supply..
confirmation entry on H4

GBPJPY...

gu long if h1 plays out.

GJ smashed

Nas 420 reversal

Bank holiday, low volume :/
Small profit + risk off the table here ^^

Quick recap:
Main position stopped out @ breakeven/small win.
Still managed to close some positions with trailing SL after 15M hard OB reaction - always good to take some profits off/trail SL behind structure.
16420 fill went into 1:5 RR for a second.



Price reacted to 16420 area with strong wick close still as seen on the picture,
maybe I was just too early, but still not really interested to hold anymore with that low volume.
Overall still pretty good trade I think, price bounced between two 15M OBs - shows how powerful these can be when predicting the market.
Will definitely use more limit orders in the future as well to squeeze some extra nice risk 2 reward positions out.
Lets see what tomorrow brings us, will be intresting to see if the final target will get reached before the actual SL.

Happy Thanksgiving Day! : )

Trading can much simplier, much simplier!