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1M Price Action System

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  • #3,721
  • Dec 7, 2021 3:21am Dec 7, 2021 3:21am
Quoting Inthebox
{quote} thank you for your contribution. after the fact analysis. the candle that shot up during london open was an impetus one, breaking the resistance and round number, later turned support, also known as breaker block. may be heading for confluence zone resistance, trend line, weekly fib 62 and round number. if broken, next level resistance is fib 78, a day high and round number. {image}
gu
liquidity grab on london high with ob and trend line
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,722
  • Dec 7, 2021 4:11am Dec 7, 2021 4:11am
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cut your losses short and let your profit run
  • #3,723
  • Dec 7, 2021 4:42am Dec 7, 2021 4:42am
Quoting Inthebox
{quote} thank you for your contribution. after the fact analysis. the candle that shot up during london open was an impetus one, breaking the resistance and round number, later turned support, also known as breaker block. may be heading for confluence zone resistance, trend line, weekly fib 62 and round number. if broken, next level resistance is fib 78, a day high and round number. {image}

Thanks! I'm looking at this right now. I think it might go for a liqiuidity grab around the last BOS before going down. One question: do you take your trades just from the OB or do you go to the LTF to see a change of structure to refine your entry?

Thanks in advance!


djsmig
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  • #3,724
  • Dec 7, 2021 5:04am Dec 7, 2021 5:04am
Quoting Inthebox
dow set up {image}
breaker 2nd level
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,725
  • Dec 7, 2021 6:46am Dec 7, 2021 6:46am
Quoting djsmig
{quote} Thanks! I'm looking at this right now. I think it might go for a liqiuidity grab around the last BOS before going down. One question: do you take your trades just from the OB or do you go to the LTF to see a change of structure to refine your entry? Thanks in advance! djsmig {image}
per h4, trend is down. the upward sloping trend line has been broken by now.
i don't think the retracement will go up that high. may be heading to 1.3200.

i watch the ob zone in h1 or m30 time frames. if it changes color (not closed yet), i look at all time frames down to m1.
if i see a good candle like pin or engulf, then get ready to trigger.
if i don't see one, i look for m1 structure.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,726
  • Dec 7, 2021 8:28am Dec 7, 2021 8:28am
Quoting Inthebox
{quote} breaker 2nd level {image}
dow result
balance BE
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,727
  • Dec 7, 2021 8:53pm Dec 7, 2021 8:53pm
gu lots of waiting time
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,728
  • Dec 8, 2021 4:24am Dec 8, 2021 4:24am
EURUSD
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cut your losses short and let your profit run
  • #3,729
  • Dec 8, 2021 4:27am Dec 8, 2021 4:27am
GBPJPY
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cut your losses short and let your profit run
  • #3,730
  • Dec 8, 2021 4:55am Dec 8, 2021 4:55am
Quoting Inthebox
gu lots of waiting time {image}
gu set up result.
ob with fib 62 and trend line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,731
  • Dec 8, 2021 4:59am Dec 8, 2021 4:59am
Quoting Inthebox
{quote} per h4, trend is down. the upward sloping trend line has been broken by now. i don't think the retracement will go up that high. may be heading to 1.3200. i watch the ob zone in h1 or m30 time frames. if it changes color (not closed yet), i look at all time frames down to m1. if i see a good candle like pin or engulf, then get ready to trigger. if i don't see one, i look for m1 structure. {image}
You were right Inthebox, I should have payed more attention to the 4HR structure. What do you mean with "if it changes color (not closed yet)?


I'll keep backtesting to master this concepts.

Thanks in advance!

djsmig
  • #3,732
  • Dec 8, 2021 6:02am Dec 8, 2021 6:02am
Quoting djsmig
{quote} You were right Inthebox, I should have payed more attention to the 4HR structure. What do you mean with "if it changes color (not closed yet)? I'll keep backtesting to master this concepts. Thanks in advance! djsmig
when you want to sell, the h1 or m30 turned from green to red, going below the open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,733
  • Dec 8, 2021 7:26am Dec 8, 2021 7:26am
Bit hectic on the 1M chart!
  • #3,734
  • Dec 8, 2021 7:28am Dec 8, 2021 7:28am
The ICT Concepts requires patience. You have to go through it like a medical student studying to become a doctor.
  • #3,735
  • Dec 8, 2021 7:42am Dec 8, 2021 7:42am
Quoting djsmig
{quote} You were right Inthebox, I should have payed more attention to the 4HR structure. What do you mean with "if it changes color (not closed yet)? I'll keep backtesting to master this concepts. Thanks in advance! djsmig
While back-testing keep in mind of the HTF. Have a look at the Monthly, Weekly and Daily time-frames. You don't have to look at all of them but just pay a special attention at all of them at the current price position (bias).
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  • #3,736
  • Dec 8, 2021 12:18pm Dec 8, 2021 12:18pm
Quoting Pumi
{quote} While back-testing keep in mind of the HTF. Have a look at the Monthly, Weekly and Daily time-frames. You don't have to look at all of them but just pay a special attention at all of them at the current price position (bias). {image}
Thanks Pumi for the advice! I'm thinking on sticking to the HTF. Current work schedule prevents me from watching charts below the 4HR. I'll be posting my drawings to keep learning

Best!

djsmig
  • #3,737
  • Dec 8, 2021 10:30pm Dec 8, 2021 10:30pm
gcad set up
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,738
  • Dec 9, 2021 5:19am Dec 9, 2021 5:19am
Fractal prices (OBs, Breakers, FVgaps) hunting for liquidity:
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"Exchange of hands"
  • #3,739
  • Dec 9, 2021 7:35am Dec 9, 2021 7:35am
Quoting Inthebox
gcad set up {image}
gcad set up result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,740
  • Dec 9, 2021 12:16pm Dec 9, 2021 12:16pm
Quoting djsmig
{quote} Thanks Pumi for the advice! I'm thinking on sticking to the HTF. Current work schedule prevents me from watching charts below the 4HR. I'll be posting my drawings to keep learning Best! djsmig
Same here - I prefer to work with the Hourly and above due to full-time job (and it is also nice to see price action in slow motion). As the nature of the market is fractal you can apply the same concepts on the HTF.
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