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1M Price Action System

  • Linked: I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • #4,081
  • Mar 21, 2022 8:52am Mar 21, 2022 8:52am
Quoting ChrissK
{quote} 2 possible "bullish" lowertimeframe scenarios what Im looking at. Either 1 sided manipulation or 2. What makes me worrying now is that I see we have Fridays + Mondays low on same level - I just noticed that now, kinda sketchy (so Im aware they can run this down, again depends which highs/lows get taken out first, but otherwise would have been a perfect ideal bread and butter setup if there werent 2 consecutive days lows (I noticed that now and that kinda ruined the setup for me, urges me to widen the stoploss & lower risk definetly) or it...

And here we go.. TP (low hanging fruit) nearly reached, collapsing most here and leaving something running for long term ofcourse as well.
Took the sneaky bait as You can see, then quickly realized the lack of momentum, took small loss, waited - got a nice NICE wick rejection and loaded this thing uppp big time as we got the one sided manipulation move playing out - they obviously got some of the stops with that wick and first (bait) wasnt enough as seen from the momentum. Thats why its important to watch the rejection closely for me to decide wheter going in or not. Also never afraid to book a small calculated loss if desired reaction is not there.

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  • #4,082
  • Edited 10:32am Mar 21, 2022 9:08am | Edited 10:32am
Quoting ChrissK
{quote} 2 possible "bullish" lowertimeframe scenarios what Im looking at. Either 1 sided manipulation or 2. What makes me worrying now is that I see we have Fridays + Mondays low on same level - I just noticed that now, kinda sketchy (so Im aware they can run this down, again depends which highs/lows get taken out first, but otherwise would have been a perfect ideal bread and butter setup if there werent 2 consecutive days lows (I noticed that now and that kinda ruined the setup for me, urges me to widen the stoploss & lower risk definetly) or it...

And thats the big move playing out now my friends with one sided/phase manipulation as shown before as potential move to come.
I suggest taking partials/constantly paying yourself at key levels and moving stops to breakeven, if You left something for running then know that we we still have that liquidity sitting at 1918- Fridays + mondays low at the same place- so it might get taken out, it might not i dont know.
Looking back at history i see that have happened before (equal consecutive days lows left untouched) as well so it might keep running to 2000+ or even new all time high .. who knows, nevertheless taking atleast something off at key levels/trailing SL is a good way to secure some equity.
Stay safe!

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  • #4,083
  • Edited 9:27am Mar 21, 2022 9:15am | Edited 9:27am
Quoting pa18
{quote} Glad you mastered gold, there's heavy manipulation in that market for sure.
Pff thanks alot but Im still learning and throwing out some ideas .. some of them work, some not .. as usual :] so thats a bit too much, I can only dream of that .. maybe one day as I like to believe.
For a manipulation - they have to do it, as its a business like any other.
Im still learning too and taking profits is my weak point .. so Im working on that constantly. Probably a nice fix is that I should watch the candlesticks reactions into key levels more than profit that is running on the clock :x

Other than that gold is really nice pair to trade, lots of volatility if Your on the right side and when the volatility expands it can just keep running, but if on wrong side then gotta cut the losses quick and wait for Your next setup to occur. As simple as it is. :]
  • #4,084
  • Mar 21, 2022 9:34am Mar 21, 2022 9:34am
hi, today i took the trade short GU, but it run about 1R and stopped me out. i read it wrong.
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  • #4,085
  • Mar 21, 2022 11:43am Mar 21, 2022 11:43am
Hi guys, ICT takes a lot of partials and let many trades run but I'm very lost, not really the mechanics, I know I can take some off the table when I am at an area of profit taking. I want specifically the maths of it like how much of a position to take off and/or moving stop.

As yet, I haven't seen ICT talk about any of the maths, just a little on money management but nothing in depth on the partials, scaling in and out.

Hoping any of you fans can point me in the right direction?
  • #4,086
  • Mar 21, 2022 11:48am Mar 21, 2022 11:48am
Quoting Inthebox
{image}
nice trade, i've learn alot from you and other guys. keep posting idea and successful/fail trade, thx very much.
  • #4,087
  • Mar 21, 2022 11:54am Mar 21, 2022 11:54am
Quoting ChrissK
{quote} And thats the big move playing out now my friends with one sided/phase manipulation as shown before as potential move to come. I suggest taking partials/constantly paying yourself at key levels and moving stops to breakeven, if You left something for running then know that we we still have that liquidity sitting at 1918- Fridays + mondays low at the same place- so it might get taken out, it might not i dont know. Looking back at history i see that have happened before (equal consecutive days lows left untouched) as well so it might keep...
hi ChrissK, i took this trade from tdv demo. lucky it take tp on last daily price gold.
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  • #4,088
  • Mar 21, 2022 12:14pm Mar 21, 2022 12:14pm
Quoting 16set
{quote} hi ChrissK, i took this trade from tdv demo. lucky it take tp on last daily price gold.{image} {image}

Very nice, equal high grab followed by BOS + OB & FVG retest with higher timeframe confluence backing it up (hourly OB & SR flip), abit deep target but played out perfectly!
Amazing trade, keep it up!
  • #4,089
  • Edited 1:15pm Mar 21, 2022 12:25pm | Edited 1:15pm
Quoting pa18
Hi guys, ICT takes a lot of partials and let many trades run but I'm very lost, not really the mechanics, I know I can take some off the table when I am at an area of profit taking. I want specifically the maths of it like how much of a position to take off and/or moving stop. As yet, I haven't seen ICT talk about any of the maths, just a little on money management but nothing in depth on the partials, scaling in and out. Hoping any of you fans can point me in the right direction?

Can use lower timeframe liquidity equal lows/highs levels, previous session highs/lows, yesterdays(daily)/weekly/monthly lows/highs, lower timeframe OB, higher timeframe OB, imbalance areas .. good option is also trailing SL behind lower timeframe structure if You happen to get a nice impulsive move. Any possible place where market can turn around, look from both perspectives (buyer+seller) aka - where would You enter into opposite side, that would probably be a good area to take something off.
Also can use Fib levels in confleunce with market structure, e.g -1/0 (first profit scaling), -0.5 (second target), -1 (third target) and -2, -3 (symmetrical swing) levels are some that He mentions in hes videos. I find around -0.5 and -1 really good most of the times, that allows you to get also roughly 1:3+risk to reward if using optimal trade entry (60-80% retracement entry).

As for partial percentage %/lots, You have to figure it out Yourself what works best for You, personality wise & where You feel comfortable, some take half off, some all, some collapse 80% at first target (low hanging fruit) and leave rest running for HTF structure, depends on the sitaution and how confident You are on higher timeframe playing out, if one sees potential then can always leave runners, even leaving sometimes as low as 20% can cover for the next few trades.
I think around ~80% out at first target/key level (e.g around 1:2/1:3RR) and rest running if theres higher timeframe potential - that can be a good starting point as stated in first post as well. Thats what I like to do often as well.

"Patient with the profits, impatient with the drawdown" is a good quote ive heard :]

Cheers!
  • #4,090
  • Mar 21, 2022 2:36pm Mar 21, 2022 2:36pm
Quoting Inthebox
{quote} probably you are saying that because of 3 candle swing high. but never say never. always have a 'in case'.
Not broken1.30300 this week?
  • #4,091
  • Edited 9:18pm Mar 21, 2022 7:30pm | Edited 9:18pm
Quoting pa18
Hi guys, ICT takes a lot of partials and let many trades run but I'm very lost, not really the mechanics, I know I can take some off the table when I am at an area of profit taking. I want specifically the maths of it like how much of a position to take off and/or moving stop. As yet, I haven't seen ICT talk about any of the maths, just a little on money management but nothing in depth on the partials, scaling in and out. Hoping any of you fans can point me in the right direction?
If you watch some of the demo trades he takes on Tradingview you will be able to see what his scale-outs look like based on how much of the position he closes on the statements.

It might be in thirds going off memory, but not 100% sure, it could vary from trade to trade.
  • #4,092
  • Mar 21, 2022 9:25pm Mar 21, 2022 9:25pm
Quoting ChrissK
{quote} Can use lower timeframe liquidity equal lows/highs levels, previous session highs/lows, yesterdays(daily)/weekly/monthly lows/highs, lower timeframe OB, higher timeframe OB, imbalance areas .. good option is also trailing SL behind lower timeframe structure if You happen to get a nice impulsive move. Any possible place where market can turn around, look from both perspectives (buyer+seller) aka - where would You enter into opposite side, that would probably be a good area to take something off. Also can use Fib levels in confleunce with...
The mechanics is fine, entry and targets. I'm just having trouble thinking about the maths of it as I also want to manage the risk but also to maximise the profit better/efficiently. With taking partials, to me it's contradictory with looking at the traditional model of RR more of 1:x but at the same time taking money off the table so you may not reach your target of 1:x.

I'm starting to get that it's more of a feeling that it's a personal thing but I'll keep working at it. Thanks for you input.
  • #4,093
  • Mar 21, 2022 9:26pm Mar 21, 2022 9:26pm
Quoting Paulscaff1
{quote} If you watch some of the demo trades he takes on Tradingview you will be able to see what his scale-outs look like based on how much of the position he closes on the statements. It might be in thirds going off memory, but not 100% sure, it could vary from trade to trade.
Thank you, I'll pay more attention his TV trades from now on.
  • #4,094
  • Mar 21, 2022 9:53pm Mar 21, 2022 9:53pm
GBPNZD - Long(scalp 40-50pips target).

Strong bull OBs formed, BOS.

its been quite a long time posting here, Hi Bilal & Inthebox, hope you are doing great.
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  • #4,095
  • Mar 21, 2022 10:28pm Mar 21, 2022 10:28pm
Quoting Inthebox
lots of uncertainty for me. see whether price can break up the breaker and 1.32, or a false break. {image}
price did a fakey 10 pips above 1.32.
i made mistakes once losing focus.
although ultimately the direction bias saved me.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,096
  • Mar 21, 2022 11:02pm Mar 21, 2022 11:02pm
Quoting pa18
{quote} The mechanics is fine, entry and targets. I'm just having trouble thinking about the maths of it as I also want to manage the risk but also to maximise the profit better/efficiently. With taking partials, to me it's contradictory with looking at the traditional model of RR more of 1:x but at the same time taking money off the table so you may not reach your target of 1:x. I'm starting to get that it's more of a feeling that it's a personal thing but I'll keep working at it. Thanks for you input.
we have been advised, while we are still learning to take the low hanging fruits TP, but we always want to get ahead.
the more time you spend in the trade, the more risky it becomes.
his TP is not based on RR, is there a logic on that?
it's at liquidity stops and/or fvg.

here is the lesson on entry, add ons with position sizing, trailing stops .............

Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,097
  • Mar 21, 2022 11:37pm Mar 21, 2022 11:37pm
see the confluences?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,098
  • Mar 22, 2022 1:48am Mar 22, 2022 1:48am
Quoting Inthebox
{quote} we have been advised, while we are still learning to take the low hanging fruits TP, but we always want to get ahead. the more time you spend in the trade, the more risky it becomes. his TP is not based on RR, is there a logic on that? it's at liquidity stops and/or fvg. here is the lesson on entry, add ons with position sizing, trailing stops ............. https://www.youtube.com/watch?v=tpPtItWqmlg&t=1040s
"his TP is not based on RR, is there a logic on that?"

Very true!
  • #4,099
  • Mar 22, 2022 2:02am Mar 22, 2022 2:02am
Quoting Inthebox
see the confluences? {image}
Hello ITB, please throw some light for me on what a "breaker" is?
Face 'ur fears & tame 'ur greed
  • #4,100
  • Mar 22, 2022 2:06am Mar 22, 2022 2:06am
do we really need a currency strength meter indicator?

to deduce that
eur gbp weak
usd, cad gold brent strong
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ITB - Seeing Orderliness amongst 'Randomness'
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