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1M Price Action System

  • Linked: I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • #4,421
  • Apr 7, 2022 12:14pm Apr 7, 2022 12:14pm
EU chart 07.04.2022 - from a friend:
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"Exchange of hands"
  • #4,422
  • Apr 7, 2022 12:26pm Apr 7, 2022 12:26pm
Questions, from an ICT technical standpoint, are we including wicks in the analysis, which is better? Kind of confusing with ICT flip-flopping with marking up from bodies or wicks. I know for dealing ranges he includes wicks but with other fib related markups, he uses bodies.

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Also, see the yellow circle? That should be where WRB Hidden Gap Improved should have drawn a FVG, no idea why it missed that one. Obviously, not perfect, but want to see if anyone else has another one? Hopefully mq4 not ex4
  • #4,423
  • Apr 7, 2022 1:20pm Apr 7, 2022 1:20pm
Quoting pa18
Questions, from an ICT technical standpoint, are we including wicks in the analysis, which is better? Kind of confusing with ICT flip-flopping with marking up from bodies or wicks. I know for dealing ranges he includes wicks but with other fib related markups, he uses bodies. {image} {image} Also, see the yellow circle? That should be where WRB Hidden Gap Improved should have drawn a FVG, no idea why it missed that one. Obviously, not perfect, but want to see if anyone else has another one? Hopefully mq4 not ex4
Bulk of the volume in candles, i prefer wicks on a higher TF and not on LTFs as they can be brokers manipulation:

WRB indicator Playout with the bar count settings:
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"Exchange of hands"
  • #4,424
  • Edited 6:00pm Apr 7, 2022 5:10pm | Edited 6:00pm
Quoting 7stnam
please show me where i am wrong {image}
I think where you went wrong is that you applied the Market Structure and the Break of Structure theory without reading the chart (what the chart is telling you about the actions of the market maker).

Immediately after the BOS price showed some absorption movement (more like a narrow consolidation) at B, on the attached image. If I see this and price breakout to form a continuation pattern I would expect it to come back to this zone and not continue above it if price is to continue to the downside (see example at A). SnD traders call this a RBR. I like to see this price action after a consolidation and at the beginning of a trend (at/near Support/Resistance) and not near the end. The actions at B tells us that the MM is absorbing. Absorbing what - buy or sell stops? In consideration of the volatility in the background I wouldn't put a pending order but rather I would read the bars movement as price returns to the absorption zone and that is where Wyckoff and VSA come in handy for me.

On your entry that is where the market maker was taking first profits from the buy positions. That means your sell entry there is premature and you would have to endure being in the negative for some time if a tight stop loss was not used.
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  • #4,425
  • Apr 7, 2022 5:36pm Apr 7, 2022 5:36pm
Quoting pa18
Questions, from an ICT technical standpoint, are we including wicks in the analysis, which is better? Kind of confusing with ICT flip-flopping with marking up from bodies or wicks. I know for dealing ranges he includes wicks but with other fib related markups, he uses bodies. {image} {image} Also, see the yellow circle? That should be where WRB Hidden Gap Improved should have drawn a FVG, no idea why it missed that one. Obviously, not perfect, but want to see if anyone else has another one? Hopefully mq4 not ex4
Please take note of the input parameter that Bilal has highlighted in yellow. It is for setting the number of bars you want to compare to the subject bar. The default setting is 3. Also check the UseWholeBars input parameter (do you want to use the range or the bodies of the candles?).

Source: https://www.earnforex.com/metatrader...RB-Hidden-Gap/
  • #4,426
  • Apr 7, 2022 9:16pm Apr 7, 2022 9:16pm
Quoting Pumi
{quote} Please take note of the input parameter that Bilal has highlighted in yellow. It is for setting the number of bars you want to compare to the subject bar. The default setting is 3. Also check the UseWholeBars input parameter (do you want to use the range or the bodies of the candles?). Source: https://www.earnforex.com/metatrader...RB-Hidden-Gap/
Thanks for the link.

"UseWholeBars (default = false) — if true, the indicator will search for Wide Range Bars instead of Wide Range Bodies."

I don't see the point of using the bodies. Seems like the better is using Wide Range Bars.
  • #4,427
  • Apr 7, 2022 9:19pm Apr 7, 2022 9:19pm
Quoting bilal1947
{quote} Bulk of the volume in candles, i prefer wicks on a higher TF and not on LTFs as they can be brokers manipulation: WRB indicator Playout with the bar count settings:{image}
Thanks for your insight. I'll pay more attention to both ways and see if I can pick up an edge.

I've set the bar count to zero, seems to have done the trick.
  • #4,428
  • Apr 7, 2022 9:24pm Apr 7, 2022 9:24pm
Would love to have this indicator not extend the FVG boxes and just market up the candles that has a FVG. Less mess.
  • #4,429
  • Edited 11:24pm Apr 7, 2022 10:59pm | Edited 11:24pm
This is what ICT has taught in 2022 ICT Mentorship Episode 18:
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Using FVG as resistance/support - Daily imbalance can be seen on any TF chart:
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same is discussed by StockGod, in earlier post.
https://www.forexfactory.com/thread/...7#post13894257

2022 ICT Mentorship Episode 18: (a must watch, dont fast forward)
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"Exchange of hands"
  • #4,430
  • Apr 7, 2022 11:31pm Apr 7, 2022 11:31pm
GU - Monthly chart - Wick meet the wick:

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GU Weekly: (just short a few pips of weekly Bearish OB)
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GU Daily:
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"Exchange of hands"
  • #4,431
  • Apr 7, 2022 11:58pm Apr 7, 2022 11:58pm
Quoting bilal1947
This is what ICT has taught in 2022 ICT Mentorship Episode 18: {image} Using FVG as resistance/support - Daily imbalance can be seen on any TF chart: {image} same is discussed by StockGod, in earlier post. https://www.forexfactory.com/thread/...7#post13894257 2022 ICT Mentorship Episode 18: (a must watch, dont fast forward) https://www.youtube.com/watch?v=eai0nHhAC8w
I came across a Price Action article on the internet that also says the FVG can be used as Support/Resistance and the whole FVG doesn't have to be filled. It says a FVG is a pivot point. I have seen some of the Footprint charts where it is also not filled but used as S/R.
  • #4,432
  • Apr 8, 2022 1:05am Apr 8, 2022 1:05am
Quoting Pumi
{quote}
Just to add some salt...
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  • #4,433
  • Apr 8, 2022 1:37am Apr 8, 2022 1:37am
GU Execution: (please read annotations on the chart) even after this price hit BE because sell side FVG pushes down perhaps.
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"Exchange of hands"
  • #4,434
  • Edited 2:52am Apr 8, 2022 2:40am | Edited 2:52am
Quoting bilal1947
GU Execution: (please read annotations on the chart) even after this price hit BE because sell side FVG pushes down perhaps. {image}
I expected price not to respect that OB because it was followed by an Absorption. An Absorption tends to make the OB that came before it weaker.
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  • #4,435
  • Apr 8, 2022 4:14am Apr 8, 2022 4:14am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,436
  • Apr 8, 2022 5:40am Apr 8, 2022 5:40am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,437
  • Apr 8, 2022 8:36am Apr 8, 2022 8:36am
Quoting Pumi
{quote} I expected price not to respect that OB because it was followed by an Absorption. An Absorption tends to make the OB that came before it weaker. {image}
The OB became a BB...
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  • #4,438
  • Apr 8, 2022 8:55am Apr 8, 2022 8:55am
d1 roadmap.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,439
  • Apr 8, 2022 9:16am Apr 8, 2022 9:16am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #4,440
  • Apr 8, 2022 11:02am Apr 8, 2022 11:02am
new york session power of 3.
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ITB - Seeing Orderliness amongst 'Randomness'
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