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1M Price Action System

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  • #4,701
  • Jun 13, 2022 10:20pm Jun 13, 2022 10:20pm
Hello Bilal,

Yesterday I had missed a move of GJ pair. I expected that price would rebalance the 'H4 imbalance' (marked up on the chart). And then I will look for setup to sell GJ.
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But actually, on the H1 chart, the price had just reached to the 'H1-bull candle' right below the 'H4 imbalance' area. I don't think this candle is an OB, but actually price respect this candle.
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Could you take a look for this case? I think my analysis is lack of something. Could you give me some advice for improvement?
Thank you very much/
  • #4,702
  • Jun 14, 2022 2:12am Jun 14, 2022 2:12am
Quoting 7stnam
Hi Bilal, for 1 day, before there is an entry, what do you do?
which entry, please share the post link.
"Exchange of hands"
  • #4,703
  • Jun 14, 2022 4:27am Jun 14, 2022 4:27am
Quoting bilal1947
{quote} which entry, please share the post link.
I found the problem reading your thread again
Stick to HH/HL HTF structure, find LTF entry in IMB, liquidity
What does your BE mean?
C? h?i v?n còn ?ó, ch? có ti?n là m?t ?i.
  • #4,704
  • Jun 16, 2022 9:37am Jun 16, 2022 9:37am
Quoting 7stnam
{quote} I found the problem reading your thread again Stick to HH/HL HTF structure, find LTF entry in IMB, liquidity What does your BE mean?
yes, BE means break even.
"Exchange of hands"
  • #4,705
  • Edited 10:18pm Jun 17, 2022 1:44am | Edited 10:18pm
Quoting Hung.NH
Hello Bilal, Yesterday I had missed a move of GJ pair. I expected that price would rebalance the 'H4 imbalance' (marked up on the chart). And then I will look for setup to sell GJ. {image} But actually, on the H1 chart, the price had just reached to the 'H1-bull candle' right below the 'H4 imbalance' area. I don't think this candle is an OB, but actually price respect this candle. {image}Could you take a look for this case? I think my analysis is lack of something. Could you give me some advice for improvement? Thank you very much/

sorry for late reply, see below daily chart price came to 50% of a previous daily fvg:

GJ - Daily - 13.06.2022 (also think where price stops the long wick on the chart. You will get the answer seeing the daily chart)

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No matter what time frame you will switch to price comes to 50% of Daily FVG is the narrative.

GJ-M15:
Notice the three rules from post # 1
2. BOS (already happened in first place)
1. M15 TF Liquidity is taken with in a daily time frame filling FVG to 50%)
3. Return to OB of M15 (filling the fvg / taking out liquidity)

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"Exchange of hands"
  • #4,706
  • Jun 17, 2022 4:52am Jun 17, 2022 4:52am
Quoting Hung.NH
Hello Bilal, Yesterday I had missed a move of GJ pair. I expected that price would rebalance the 'H4 imbalance' (marked up on the chart). And then I will look for setup to sell GJ. {image} But actually, on the H1 chart, the price had just reached to the 'H1-bull candle' right below the 'H4 imbalance' area. I don't think this candle is an OB, but actually price respect this candle. {image}Could you take a look for this case? I think my analysis is lack of something. Could you give me some advice for improvement? Thank you very much/
When looking at the gaps you must also consider the Order Flow and Rotation (. First there was a retracement or redistribution; and then it was followed by the H4 Gap (the gap you identified); then after you find another retracement and redistribution that partially filled the H4 gap; then it was followed by another gap; the last retracement or redistribution completely filled the last gap and stopped at the previous redistribution's Order Block (OB) or Last Point of Supply (LPSY). The SnD traders call this pattern a Drop Base Drop.

Edit: Just check at how the zone is temporarily holding price there right now (price is reacting to that block).
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  • #4,707
  • Edited Jun 18, 2022 1:39am Jun 17, 2022 12:59pm | Edited Jun 18, 2022 1:39am
Quoting LinaYeo
{quote} Hi Bilal, I tried listening to ICT video, but I must say, it takes tons of patience as he tends not to go straight to the point. A 40mins video can actually be said in 10 mins if he sticks to what he wants to say. How did u go around that?? I will try again to go to his video.. but my focus ran away when he started taking other stuff...help!!
Quoting momo3HC
{quote} This is very frustrating style for many others including him. Could be many reasons for this but I`ve stopped watched many like this. I don't have such nerves and the time is money after all.

Suprised that no1 answered this my way, but I think the Simplest/best/easiest and most logical approach is:

Pick:
1) One model/pattern
2) One pair
3) One session/killzone

And thats all You need.

Show up every day at that exact same time window - now You developed a good habit. Usually theres nearly every session something to work with.
Can be even as little as 1-2 hours per day (which can be enough to even catch most of the daily range very often). Soon You start seeing everyday the same price behaviour/things Youve already have experienced.
And then You can start taking Your shots - like a sniper!
Looking back at my own trading history - every time i changed one of these 3 things my accuarcy & RR took a hit as my focus wides away when "multitasking". So why change the working system?

I actually honestly believe that 80-90%+ accuarcy with a decent (atleast 1:2/1:3RR+) is achieveable if one really puts in the time, takes only Your "Best trading setups" as hes actually teaching how and why price moves. Most of the times when we are wrong its usually we read it wrong/tunnel vision/get emotional/ignore risk parameters, not that there is something wrong with the system as the "system" is the price afterall.

As one is progressing then can always keep educating himself if neccesary or preferably find info only about Your favorite certain thing/model/pair/session that You wanna practise to develop the game plan even better. Gather as much as possible about that 1 thing You like/believe in, theres so much valuable stuff around.

Life changing!
  • #4,708
  • Edited 11:45pm Jun 17, 2022 9:30pm | Edited 11:45pm
Quoting ChrissK
{quote} {quote} Suprised that no1 answered this
Hi Chrissk

Thank you for the insightful post, just to mention first post wasn't missed and was responded here as per my understanding:
https://www.forexfactory.com/thread/...0#post14015140

The second was skipped deliberately for obvious reasons the guy dont have time to learn, is a statement in itself not a question to be responded to.

Happy weekend!
Regards
bilal
"Exchange of hands"
  • #4,709
  • Jun 17, 2022 10:48pm Jun 17, 2022 10:48pm
My Latest template as at 2022.06.15 is added to post #1
"Exchange of hands"
  • #4,710
  • Jun 17, 2022 11:59pm Jun 17, 2022 11:59pm
Quoting bilal1947
Dxy - watch level between 103.05 - 102.80, how price reacts here {image}
How smart they are, rather retrace first and long on the interest rate hike, they reprice it higher first and retrace upon interest rate
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"Exchange of hands"
  • #4,711
  • Edited 8:28am Jun 18, 2022 12:24am | Edited 8:28am
Some successful trades of Thursday and Friday's
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"Exchange of hands"
  • #4,712
  • Edited 10:23am Jun 18, 2022 8:17am | Edited 10:23am
Lesson # 11 Commitment of traders (added to post #1)

What is COT:
Attached File(s)
File Type: pdf What Lies Beneath All Trends.pdf   2.4 MB | 1,755 downloads


Dollar Index:
Attached File(s)
File Type: pdf ICE_Dollar_Index_FAQ.pdf   149 KB | 1,511 downloads


COT reports 14.06.2022
Fed has increased the rate 0.75% which should send dollar higher and corresponding foreign currencies lower and so is reflected in the Dollar COT., A similar increase expected next month.

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Gold - shorts added (looks gold bearish)
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"Exchange of hands"
  • #4,713
  • Jun 20, 2022 9:48am Jun 20, 2022 9:48am
Currency_Trading_and_Intermarket_Analysis - A very good book, insightful.
Attached File(s)
File Type: pdf Currency_Trading_and_Intermarket_Analysis.pdf   7.2 MB | 890 downloads
"Exchange of hands"
  • #4,714
  • Jun 20, 2022 11:47am Jun 20, 2022 11:47am
UJ - Daily order block - will price respect it and reverse ??
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"Exchange of hands"
  • #4,715
  • Jun 20, 2022 12:02pm Jun 20, 2022 12:02pm
Hi Bilal, I appreciate if you can share your opinion on UJ.
I am short in it at 126.300.
Thank you
  • #4,716
  • Edited 8:00pm Jun 20, 2022 12:05pm | Edited 8:00pm
Quoting Zzalmay55
Hi Bilal, I appreciate if you can share your opinion on UJ. I am short in it at 126.300. Thank you
why are you short?

why i long:
Last week cenrtal banks have set the interest rates which are the fundamentals that set the stage.To smmaries the same we see the interest rate table of countries,

Interest Rate Differential:
Fundamentally: we see the highest rate vs the lowest rate to make a Pair is the direction
Attached Image (click to enlarge)
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Technical: is to find out the entries.
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Reference:
https://tradingeconomics.com/indicators

and here PAT also explained:
https://www.forexfactory.com/thread/...1#post14038811
"Exchange of hands"
  • #4,717
  • Jun 20, 2022 7:23pm Jun 20, 2022 7:23pm
Dear Bilal, I thank you very much for your detailed explanation. Why I am short? I was short at 117 area and I though it should drop, then at 118 I hedged it. Then at 135 I added to my short, the new short avg is 126.300 and my longs are at 118. If I exit both side at 126.200 I will profitable. But I am glad that found an expert like you
  • #4,718
  • Jun 21, 2022 9:07am Jun 21, 2022 9:07am
Quoting bilal1947
{quote} why are you short? why i long: Last week cenrtal banks have set the interest rates which are the fundamentals that set the stage.To smmaries the same we see the interest rate table of countries, Interest Rate Differential: Fundamentally: we see the highest rate vs the lowest rate to make a Pair is the direction {image} Technical: is to find out the entries. {image} Reference: https://tradingeconomics.com/indicators and here PAT also explained: https://www.forexfactory.com/thread/...1#post14038811
UJ - Daily order block raided:
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"Exchange of hands"
  • #4,719
  • Jun 21, 2022 7:33pm Jun 21, 2022 7:33pm
Dear Bilal, any new reading on UJ?
  • #4,720
  • Jun 23, 2022 10:55pm Jun 23, 2022 10:55pm
Why Bond Yields Are a Key Economic Barometer?

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"Exchange of hands"
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