1M Price Action System

I only trade GU mainly, but i think like for GU/EU, for GJ it is EJ.

Notice SMT mostly when a liquidity is being taken.

Also notice PA i.e., HHs/HLs and LH LL of different time frames from HTF even Weekly/Daily to go LTF H4/H1/M30 by using the buttons on the bottom right of my template as this will help you see the big picture, once a buy side is taken price looks for sell side and keeps moving in its direction following the fundamentals.

Youre welcome.

regards
bilal

No SMT though, but rest of the elements are present

I will switch to GU, hope you will continue to share about smt. since i only use smt without considering anything else i often get it wrong. i will see how it gets liquidity.

Here one for your reference.

I just watched but didn't dare entry

Magic Time

I was pretty sure this time, but I think Mark Douglas is right. You never know what will happen next time Not yet...

Make an excel and try to find out reasons why SMT fail or even order block this will help alot.

Michael has not share the minor details of SMT but we should buy the strength and sell the weakness, in case where of 1st SMT we should sell EU which was weak comparative to GU which was making HH (being strong). my thinking i am not perfect.

I don't know how to use dxy.

i bought ej and got sl then i keep buying.

hmmm....

Lesson # 6 - SMT (crack in market correlation)

5 min before NFP:


After:

The FVG or Liquidity Gap is so nicely explained, using the Footprint chart, on the following link (2 hours and 45 minutes):

Instead of considering this as a breakout, I evaluated it as a liquidity hunt (fuel) to get higher. Because 1.05327 is a nice liquidity area in the big time frame. But I exited the transaction as per my rules. What happens next is none of my business.

EU alone is not enough for me. I definitely use DXY for correlation, here is an example....

The chart may look blank and plain, but to the understanding eye, that's not the case

Price does only three things:
1- Takes/raids/sweeps out old highs and lows
2- It fills FVG OR used FVG as Support/resistance
3- Expands

Q: which TF old highs/low and FVGs and when it gona expand so we can also be part of the move.


I am afraid to tell you it is not a 2+2 answer which fits in all the scenarios, it is the chances we take at these instances, since it is about chances we must make sure we still have enough of the equity to take further chances in our favor which brings into picture risk management.

Once we decide upon our Risk management only then not before we can move on to answer the questions.

Price may leaves fvg once the target is old high or low, and once it is taken we have a narrative that price may retrace and use the fvg as support/resistance or it may fill the FVG to the pip and reverse.

Based on this we take our chances once price reach back to fill the old fvg left in this case H4 FVG was open to be filled once it was filled, i moved in to 1M and see below picture for the price action.


since market is fractal it is again doing the same things taking old highs and lows, i am recently started observing SMT's it is not necessary to be present.

Suit yourself to which TF old highs/lows. FVG, but it is always HTF high/lows and FVG for higher Return and 1M entries helps smaller risk.

Regards
bilal

ICT's second video is useful to revise and test the build up of steps necessary to recognise and trade a fvgap set up imho.

Highly specific controlled algorithm

https://www.worldcupchampionships.co...ship-standings


Episode - 020: Larry Williams: Tips and Insights from 50 Years of Trading