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1M Price Action System

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  • #3,661
  • Nov 29, 2021 7:49pm Nov 29, 2021 7:49pm
Quoting Pumi
{quote} When looking at the Order Blocks consider the following definition from ICT: A Bullish Order Block is 'The Lowest Candle or Price Bar with a Down Close that has the most range between Open to Close and is near a “Support” level.'
Hi Pumi,
Can you provide the ICT material you mentioned in the post?
Thanks.
  • #3,662
  • Nov 29, 2021 8:16pm Nov 29, 2021 8:16pm
Quoting Chrissk
Gold 5m {image} Breakeven/small loss {image} Lesson learned: ~1800 area is really sweet for profits, but no point to hold/hopetrade if price is not willing to push through/structure changes back to bearish after reaction from OB retest (no more HHs + multiple same OB tests), especially when same OB is tested 2/3+ times = sign of weakness I think. Usually when the right HTF OB is chosen then theres almost always time to put trade to breakeven. Thanks to the quality of the OB (where the original impulsive move started) I still had time to close most...
Hi Chris

Always love your chart, i always get to learn from your charting skills !

Always look for imbalances in prices, a car sold is a car bought, its the aggressiveness among the buyers and sellers that reprices it, it can change the directions ...
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"Exchange of hands"
  • #3,663
  • Nov 29, 2021 8:16pm Nov 29, 2021 8:16pm
Quoting KevinZeng
{quote} Hi Pumi, Can you provide the ICT material you mentioned in the post? Thanks.
Hi Kevin

there are telegram channel links in post # 1 join them, and search there you will get everything needed.

regards
bilal
"Exchange of hands"
  • #3,664
  • Nov 29, 2021 8:56pm Nov 29, 2021 8:56pm
ej
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,665
  • Nov 30, 2021 12:51am Nov 30, 2021 12:51am
ej new york low liquidity.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,666
  • Nov 30, 2021 1:20am Nov 30, 2021 1:20am
Quoting KevinZeng
{quote} Hi Pumi, Can you provide the ICT material you mentioned in the post? Thanks.
Hi Kevin, please refer to Bilal's reply. The quote is from the "12 Months Mentorship - Month 4 Notes" which deals more about the Order Blocks.
  • #3,667
  • Nov 30, 2021 3:04am Nov 30, 2021 3:04am
gu new york low liquidity
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,668
  • Edited 4:37am Nov 30, 2021 3:33am | Edited 4:37am
Quoting bilal1947
{quote} Hi Chris Always love your chart, i always get to learn from your charting skills ! Always look for imbalances in prices, a car sold is a car bought, its the aggressiveness among the buyers and sellers that reprices it, it can change the directions ... {image} {image}
Hey Bilal,

Thanks alot, I tend to forget/underestimate some gaps pretty often.
Trying to figure out which ones tend to get more filled and what FVG-s are most likely left behind ignored/will get filled farther more later on.
Seems that especially those that start impulsive BOS combined with OB/BB/"key support/resistance" tend to play a key role later on.
Will put more time into it definitely!

Looking back at gold I see that the expected gold target got reached eventually (FVG + OB filled) just finding the right entry can be a tricky sometimes.
Very pleased to see things work out still even though I wasnt involved in this one anymore.
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Cheers!
  • #3,669
  • Nov 30, 2021 3:35am Nov 30, 2021 3:35am
Quoting bilal1947
{quote} Hi Chris Always love your chart, i always get to learn from your charting skills ! Always look for imbalances in prices, a car sold is a car bought, its the aggressiveness among the buyers and sellers that reprices it, it can change the directions ... {image} {image}
Quoting Chrissk
{quote} Deja Vu - Exactly the same setup again BTC Liq. grab into 4H OB + 1M BB retest Looking for lower targets still, alot of clean traffic to fall through ^^ {image}{image}
Some more studytime ^^

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  • #3,670
  • Nov 30, 2021 4:32am Nov 30, 2021 4:32am
3 daily high low swing is most important to a day trader.
watch on youtube.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,671
  • Nov 30, 2021 6:26am Nov 30, 2021 6:26am
gu
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,672
  • Nov 30, 2021 8:44am Nov 30, 2021 8:44am
Sameold Nas NY stock exchange open textbook setup again - first hour usual pullback/reversal @ key level.
Trade lasted 1minute - aprox 1:3 RR

5M presetup:
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5M after:
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1M breakdown:
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  • #3,673
  • Nov 30, 2021 9:01am Nov 30, 2021 9:01am
Gold NY session - Catching myself trading against the "maintrend" again/trading reversal patterns.
Partials + breakeven helps to generate alot of profits even when wrong about the main direction in these situations.
Second position stopped out @ breakeven - structure changed slowly & gold pushed through 1800 like nothing.

15M pretrade:
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1M entry trigger - exact entry point:
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Breaker block first position off the table + second breakeven.
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  • #3,674
  • Nov 30, 2021 9:15am Nov 30, 2021 9:15am
Quoting Inthebox
ej new york low liquidity. {image}
ej result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,675
  • Nov 30, 2021 9:17am Nov 30, 2021 9:17am
Quoting Inthebox
gu {image}
gu result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,676
  • Nov 30, 2021 9:25am Nov 30, 2021 9:25am
Inthebox,
Which indicators do you use?
  • #3,677
  • Nov 30, 2021 10:44am Nov 30, 2021 10:44am
Quoting Gero19
Inthebox, Which indicators do you use?
hand drawn
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,678
  • Edited 3:40pm Nov 30, 2021 10:51am | Edited 3:40pm
Some art i made for myself but no harm in sharing again I guess:
Breaking down/correcting/learning from mistakes - the wins/losses/breakevens + missed opportunities - like anyone should do when serious about trading.

Referring to page 34 -
Quoting bilal1947
{quote} have you gone through the books attached? https://www.forexfactory.com/thread/...9#post13373129 Bos can be either of the three as per the picture attached {image}
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So the problem was too high timeframe - was waiting for signals on 5M chart but there were only signals on 1M chart - power of 1M chart!
I constantly still look 1M but when I did I was focused on wicks - they made HH-s (candle wicks) but bodies made LL-s and that cost me a nice ~5% trade in 30minutes (just a missed opportunity not a loss, later market gave me perfect pullback into Breaker for entry still though, cheers tradingview alerts).

Lesson learned: based on number of confluences - one should always be a open minded, flexible and take into account both scenarios still or even combine them together - depends how one looks at market & adds up other confluences, both ways are correct still, practise & experience.

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Ofcourse one cant catch all opportunities on different markets all the time + theres always another day & new setups occuring.
Slimming down to 1-2 markets and mastering these only can help alot also.
If one knows what he/she doing then there can still be a good few high quality setups each day on a single market.
  • #3,679
  • Nov 30, 2021 12:27pm Nov 30, 2021 12:27pm
Quoting Inthebox
3 daily high low swing is most important to a day trader. watch on youtube. https://www.youtube.com/watch?v=4xDFLEkPLzk
Thanks for sharing ITB
"Exchange of hands"
  • #3,680
  • Nov 30, 2021 4:29pm Nov 30, 2021 4:29pm
Quoting Chrissk
Some art i made for myself but no harm in sharing again I guess: Breaking down/correcting/learning from mistakes - the wins/losses/breakevens + missed opportunities - like anyone should do when serious about trading. Referring to page 34 - {quote} {image} So the problem was too high timeframe - was waiting for signals on 5M chart but there were only signals on 1M chart - power of 1M chart! I constantly still look 1M but when I did I was focused on wicks - they made HH-s (candle wicks) but bodies made LL-s and that cost me a nice ~5% trade in 30minutes...
Exactly the same setup like yesterday. Every timeframe, same thing, happening over and over again.
Price almost always comes back to balance things out & fill these gaps in confluence with OB-s & breakers.
Quoting Chrissk
{quote} {quote} Some more studytime ^^ {image}{image}

Price - takes liquidity & fills gaps.
Patience & discipline eventually pays off. : )

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