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1M Price Action System

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  • #3,781
  • Dec 16, 2021 1:38am Dec 16, 2021 1:38am
Quoting Inthebox
ga short {image}
result.
breaker with imbalance (m5) and ob.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,782
  • Dec 16, 2021 7:02am Dec 16, 2021 7:02am
gj short on sr flip with imbalance and round number.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,783
  • Dec 16, 2021 9:40am Dec 16, 2021 9:40am
Quoting Inthebox
gu short {image}
gu result.
ob with previous liquidity grab.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-16.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,784
  • Dec 17, 2021 8:03am Dec 17, 2021 8:03am
It all comes together with a Castle!

This setup rarely fails me...
EURUSD....
Attached Image (click to enlarge)
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  • #3,785
  • Dec 17, 2021 8:54pm Dec 17, 2021 8:54pm
Quoting Pumi
It all comes together with a Castle! This setup rarely fails me... EURUSD.... {image}
Hi Pumi,
What is HMV a and A B C meaning?
Can you explain your entry more detail?
Thanks
  • #3,786
  • Edited 12:33am Dec 18, 2021 12:17am | Edited 12:33am
Quoting KevinZeng
{quote} Hi Pumi, What is HMV a and A B C meaning? Can you explain your entry more detail? Thanks
Hi Kevin,

HMV = Herd Mentality Validation (as according to George_AUS). It is the same as Equal Highs/Lows - you find a pool of liquidity there.

ABC is just my own labeling of the pattern - You have a BOS and then price returns to OB at A (that is where I entered in this case) and B is another BOS making the LL (more confirming the willingness to take prices lower) and C is another return to the OB (Propulsion Block) and sometimes it violates A (moves above A). C is a Low Risk Entry. I could have waited for C but I entered on A. My entry at A is what has been shown a thousand times on this thread and I view the risk to be higher when compared to C.

Edit: Entry at C can be anywhere from the Breaker Block, Propulsion Block, FVG or the grab of liquidity above the High of A.
  • #3,787
  • Dec 18, 2021 2:11am Dec 18, 2021 2:11am
What I'm sharing is not new - you can also find it on Youtube.

What is more important is the psychology and in this case you had Equal Highs and the grab of liquidity.
At the Low Risk Entry they are carrying on with the momentum.

If you have an Elliott Wave background you are looking for a pattern that looks like an Expanded or Running Flat Correction - you want to see that second BOS.
However sometimes the pattern varies and it becomes complex when you don't see the second BOS (price just makes a U-turn before reaching the line) - in this case you will expect a Regular or Contracting Flat Correction.

Edit: As in all cases - you can expect it to fail at times (it's not a holy grail).
Attached Image (click to enlarge)
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  • #3,788
  • Dec 21, 2021 4:54am Dec 21, 2021 4:54am
Quoting Pumi
What I'm sharing is not new - you can also find it on Youtube. What is more important is the psychology and in this case you had Equal Highs and the grab of liquidity. At the Low Risk Entry they are carrying on with the momentum. If you have an Elliott Wave background you are looking for a pattern that looks like an Expanded or Running Flat Correction - you want to see that second BOS. However sometimes the pattern varies and it becomes complex when you don't see the second BOS (price just makes a U-turn before reaching the line) - in this case...

Thanks Pumi on your thoughts, the logic makes a lot of sense as retail traders, by the time de HMV has been touch 2 or more times, think the market is ready to reverse, leaving all their SL on the highs, ready to be taken out. I'm not understanding the logic between your High Risk and Low Risk Entry, specially the one on the uptrend. Would you mind explaining it further?
  • #3,789
  • Dec 21, 2021 8:56am Dec 21, 2021 8:56am
at times the entries were lousy, did not worked out at the chosen levels but went down to a stronger level.
the direction bias above the trend lines saved the trades.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,790
  • Dec 21, 2021 12:00pm Dec 21, 2021 12:00pm
Quoting djsmig
{quote} Thanks Pumi on your thoughts, the logic makes a lot of sense as retail traders, by the time de HMV has been touch 2 or more times, think the market is ready to reverse, leaving all their SL on the highs, ready to be taken out. I'm not understanding the logic between your High Risk and Low Risk Entry, specially the one on the uptrend. Would you mind explaining it further?
If your entry is at the liquidity grab (after taking out the Highs) there is a high risk that it might not be what retail calls as false breakout - price might retest and move up.

If you entry is after the first BOS there is a high risk that the BOS itself could be a move made to take out some Sell Stops or fill some orders and price will move higher again to take out the new high formed by the liquidity grab (Buy Stops).

It your entry is after the second BOS there is still some risk but one can say it is not as high as compared to the 2 points mentioned above - there is some confluence. You have a liquidity grab, followed by first BOS, return to OB, a second BOS, a return to OB and from a market structure point of view you still have a possibility of a downward trend. This of course will have to be looked at with the context of the HTF in mind.
  • #3,791
  • Dec 21, 2021 3:21pm Dec 21, 2021 3:21pm
Quoting Pumi
{quote} If your entry is at the liquidity grab (after taking out the Highs) there is a high risk that it might not be what retail calls as false breakout - price might retest and move up. If you entry is after the first BOS there is a high risk that the BOS itself could be a move made to take out some Sell Stops or fill some orders and price will move higher again to take out the new high formed by the liquidity grab (Buy Stops). It your entry is after the second BOS there is still some risk but one can say it is not as high as compared to the 2...
my low risk entry pattern after a stop hunt
Attached Image(s) (click to enlarge)
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  • #3,792
  • Dec 21, 2021 8:19pm Dec 21, 2021 8:19pm
Quoting GrGoum
{quote} my low risk entry pattern after a stop hunt {image} {image} {image} {image}
Nice one GrGoum.

Please note the pattern doesn't apply in all situations.
When I see it playing out I pull the trigger (as you can see I pulled the trigger before it completed).

I want to emphasize the importance of psychology and context more than looking for the pattern.
  • #3,793
  • Dec 22, 2021 7:48am Dec 22, 2021 7:48am
Quoting Inthebox
gn short {image}
gn result.
ob with round number.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,794
  • Dec 22, 2021 8:24am Dec 22, 2021 8:24am
Quoting Inthebox
gold long {image}
gold result.
ob with imbalance and fib 61.8
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,795
  • Dec 22, 2021 6:49pm Dec 22, 2021 6:49pm
Quoting Inthebox
{quote} gold result. ob with imbalance and fib 61.8 {image}
Hi ITB what the name of the trendlines indicator that you use also the rectangle box on your main chart ? And where can i find them
Thanks
Using Chaos to Finding Order
  • #3,796
  • Dec 22, 2021 7:01pm Dec 22, 2021 7:01pm
Quoting Pram808
{quote} Hi ITB what the name of the trendlines indicator that you use also the rectangle box on your main chart ? And where can i find them Thanks
these are all hand drawn in multi time frames, based on what i see. so it is hard work.
different people with different experience will draw them differently.
these are the things i watch out for in multi time frames:
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,797
  • Dec 22, 2021 8:10pm Dec 22, 2021 8:10pm
Quoting Inthebox
{quote} these are all hand drawn in multi time frames, based on what i see. so it is hard work. different people with different experience will draw them differently. these are the things i watch out for in multi time frames: {image}
Ok i see, thought you using auto indi, but god when you said experience, i think mind is not enough and fun fact i always stalking about your chart that you posted to
Using Chaos to Finding Order
  • #3,798
  • Dec 25, 2021 12:07am Dec 25, 2021 12:07am
hi guys, my festive season gift for you to back test on this pattern.
if it fails most likely is that the level you have chosen is not a significant key level.
works more than 70% of the time. don't ask for proof, test it for yourself whether to use it or not.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,799
  • Dec 25, 2021 5:24am Dec 25, 2021 5:24am
Quoting Inthebox
hi guys, my festive season gift for you to back test on this pattern. if it fails most likely is that the level you have chosen is not a significant key level. works more than 70% of the time. don't ask for proof, test it for yourself whether to use it or not. {image}
that's my favorite setup
  • #3,800
  • Dec 25, 2021 5:59am Dec 25, 2021 5:59am
Quoting GrGoum
{quote} that's my favorite setup
since it works most of the time, back test and especially find the reasons why those that did not work out.
yesterday btc example. many would find it difficult to trade in the the ranging condition.
there were 3 opportunities to trade.
it was relax trading waiting for the set up to happen.
but not for those who are impatient.
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ITB - Seeing Orderliness amongst 'Randomness'
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