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1M Price Action System

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  • #3,801
  • Dec 25, 2021 8:23am Dec 25, 2021 8:23am
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}
Yeah...classic routine.....trap traders following the preceding trend moving into key level, jack knife back up taking out the previous anchor points (and a bunch of stops), then reverse back down into congestion zone before springing off....see a lot of these in the major currency pairs recently, and in the JPY pairs.

....I find you will get a deep reversal into congestion zone, possibly even pinging the low (thus the need for extended SL level), when the market is actually in a reversal state (as is currently the case with the majors). When market is trending, in the direction of the trade, and the move into key level is just a 'pull back', the trader generally needs to be much more aggressive with their entries, entering on pull back to nearest intra-pattern S&D zone.

It's not about the pattern though. It is about the level. If you chose the level the banks have decided are going to be supported, then chances are your setup will work, regardless of the rules of engagement.
  • #3,802
  • Dec 25, 2021 8:25am Dec 25, 2021 8:25am
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  • #3,803
  • Dec 27, 2021 10:01am Dec 27, 2021 10:01am
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}
today's testing.
i have opened a journal to do the testing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,804
  • Dec 28, 2021 8:32am Dec 28, 2021 8:32am
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}
Great gift Inthebox, surely I will be backtesting it! I will open my journal. Is there any recommended Timeframe for this kind of setup?

Cheers to more success!

djsmig
  • #3,805
  • Dec 28, 2021 8:41am Dec 28, 2021 8:41am
Quoting djsmig
{quote} Great gift Inthebox, surely I will be backtesting it! I will open my journal. Is there any recommended Timeframe for this kind of setup? Cheers to more success! djsmig
it's applicable for all time frames.
taking structure from h4 and above, entry from h1 and below.
if you are new, advise to use m15 for lowest time frame.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,806
  • Dec 29, 2021 9:50am Dec 29, 2021 9:50am
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...
@Pumi, anything wrong with the set up below?
Tried selling but realized a loss as price spiked up.
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  • #3,807
  • Edited 11:29am Dec 29, 2021 10:15am | Edited 11:29am
Hi to all...i read with interest this thread
I m trying ti apply It
Concerning audusd..Daily chart ..Is valid the hightest area i found ?
Tanks to all
I Will post my analysis hoping in your critichs
Apologie for my english
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  • #3,808
  • Dec 29, 2021 3:39pm Dec 29, 2021 3:39pm
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}
thanks
roughly how many data points you have backtested?
  • #3,809
  • Dec 29, 2021 7:18pm Dec 29, 2021 7:18pm
Quoting benadil
{quote} thanks roughly how many data points you have backtested?
Quoting Inthebox
{quote} today's testing. i have opened a journal to do the testing. {image}
did not keep record, random back tested.
the whole point is to forward test in my journal.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,810
  • Edited 5:31am Dec 30, 2021 5:17am | Edited 5:31am
Quoting ecneralc
{quote} @Pumi, anything wrong with the set up below? Tried selling but realized a loss as price spiked up. {image}
Session overlap & untested HTF OB just below equal lows liquidity pool, impulsivness of the candles, candlestick patterns..

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  • #3,811
  • Dec 30, 2021 5:54am Dec 30, 2021 5:54am
Quoting Chrissk
{quote} Session overlap & untested HTF OB just below equal lows liquidity pool, impulsivness of the candles, candlestick patterns.. {image}{image}
allow me to share the quasimodo pattern.
price did not reach the qm left shoulder level, but the descend was stopped by rally base rally and round number.
the ascend paused by drop base drop.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,812
  • Dec 31, 2021 10:14am Dec 31, 2021 10:14am
Subscribe to Free YouTube:
https://www.youtube.com/c/InnerCircleTrader

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"Exchange of hands"
  • #3,813
  • Dec 31, 2021 10:17am Dec 31, 2021 10:17am
Some old deleted twitter tweets about imbalance/fvgaps:
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"Exchange of hands"
  • #3,814
  • Dec 31, 2021 1:10pm Dec 31, 2021 1:10pm
Quoting Chrissk
{quote} Session overlap & untested HTF OB just below equal lows liquidity pool, impulsivness of the candles, candlestick patterns.. {image}{image}
Thanks Chrissk, for sharing your thoughts. Cheers!
  • #3,815
  • Jan 2, 2022 3:54pm Jan 2, 2022 3:54pm
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}
Thank you for this.

Now i cant unsee it from my charts lol

Seems to be a very cool setup for people that have a 9to5 since i can check the 4 hour charts and leave pending orders.
  • #3,816
  • Jan 2, 2022 9:23pm Jan 2, 2022 9:23pm
Quoting Kalevra
{quote} Thank you for this. Now i cant unsee it from my charts lol Seems to be a very cool setup for people that have a 9to5 since i can check the 4 hour charts and leave pending orders.
back test a bit.
the real thing is forward testing with small units please, you need the hands on.
look at you tube on whatever you can find on the subject QML (quasimodo level) and MPL (maximum pain level).
it's a reversal pattern used on extreme apex around key support/resistance.
also can be used on trend continuation.
this is more advance than a simple break of structure and order block.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,817
  • Jan 3, 2022 4:28am Jan 3, 2022 4:28am
Quoting bilal1947
If youre still new and wants to learn forex, took it as a bacheors degree and do your full/part time job/business, meanwhile to earn dont depends on forex in this time. I didn't know what was forex before April 2020 and i am fairly new in this learning phase, just want to share what i learn. Below is one link to keep you busy for the next week. https://mega.nz/folder/tJhXXAaL#BT6F4s5xBQPvwgQOpzHZTw
Hey. Bilal I think that you do great job here. Thanks for your post and your knowlage. Please could you reload your materials, becouse some of your files don't want to download. Thx in advance
  • #3,818
  • Jan 3, 2022 4:37am Jan 3, 2022 4:37am
Quoting Inthebox
{quote} back test a bit. the real thing is forward testing with small units please, you need the hands on. look at you tube on whatever you can find on the subject QML (quasimodo level) and MPL (maximum pain level). it's a reversal pattern used on extreme apex around key support/resistance. also can be used on trend continuation. this is more advance than a simple break of structure and order block.
I've been paper trading for 2 years now and i think it's time to try a real money account (a very small one)
I dont journal most of my paper trades but i know that if i trade with money i'll do it, so i think it will be a good learning experience for me)
(i'll have a look at those videos)
Thank you for the suggestion
  • #3,819
  • Edited 8:12pm Jan 3, 2022 11:00am | Edited 8:12pm
Quoting Tomasz84
{quote} Hey. Bilal I think that you do great job here. Thanks for your post and your knowlage. Please could you reload your materials, becouse some of your files don't want to download. Thx in advance
you will find everything in below channel (its seems and irani channel, bekow screenshot how to download choose any course click download as shown in picture 1 then click start once you receive the course forward it to yourself anywhere)
https://t.me/joinchat/AAAAAE-4Id0mGQsKbBhohw
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"Exchange of hands"
  • #3,820
  • Jan 3, 2022 11:45am Jan 3, 2022 11:45am
Quoting Kalevra
{quote} I've been paper trading for 2 years now and i think it's time to try a real money account (a very small one) I dont journal most of my paper trades but i know that if i trade with money i'll do it, so i think it will be a good learning experience for me) (i'll have a look at those videos) Thank you for the suggestion
you are a rare breed. can see that you are patient and disciplined.
ITB - Seeing Orderliness amongst 'Randomness'
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