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M5 Scalping Strategy (S&D|FVG)

  • #21
  • Nov 21, 2023 11:47am Nov 21, 2023 11:47am
AUDCAD (setup) Clean Early Supply (textbook, post 1 setup)
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  • #22
  • Nov 21, 2023 1:41pm Nov 21, 2023 1:41pm
Updated first post with Advanced Theories section
  • #23
  • Nov 21, 2023 1:43pm Nov 21, 2023 1:43pm
I have seen quite a bit on Fair Value Gap lately; it also has other names by the way.

As it is price based, it can actually be programmed, so I found this one.

I'm not sure how to trade it yet but seems that it does give a hint of reversals and trends.

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It takes a lot for me to IGNORE you, but you can try.
  • #24
  • Nov 21, 2023 1:47pm Nov 21, 2023 1:47pm
Quoting Erebus
I have seen quite a bit on Fair Value Gap lately; it also has other names by the way. As it is price based, it can actually be programmed, so I found this one. I'm not sure how to trade it yet but seems that it does give a hint of reversals and trends. {image}
Yep! FVG's are extremely powerful. That indicator looks pretty accurate. If you can find one that can find FVG's and BOS's for you, please share. If we can find a good one, I'll add it to post 1.

Although, I'm against the idea of using indicators as a form form of analysis and entry, I'm 100% in favor of using them for convivence. The faster traders can see these setups, the more time they can use analyzing the market structure around it.
  • #25
  • Nov 21, 2023 1:48pm Nov 21, 2023 1:48pm
Quoting Erebus
I have seen quite a bit on Fair Value Gap lately; it also has other names by the way. As it is price based, it can actually be programmed, so I found this one. I'm not sure how to trade it yet but seems that it does give a hint of reversals and trends. {image}
And If you think FVG is good, wait until you explore to the world of supply and demand. These two concepts merged creates a beast. Truly.
  • #26
  • Nov 21, 2023 2:12pm Nov 21, 2023 2:12pm
Quoting MachineLearn
USDCHF - clean setup (meaning liquidity was never tapped) I will update post 1 with new material - quick and clean setups, as well as timing the zone demand zone a little late in the run Consolidation before demand zone this is where I set an alert close to my zone and go make a coffee we will assess the setup as it breaks into zone. More material on that later {image}
USDCHF Long

price finally hitting our demand zone

market overall choppy, great scalping opportunity

+5R on the day lets make it +7
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  • #27
  • Nov 21, 2023 3:46pm Nov 21, 2023 3:46pm
Quoting MachineLearn
{quote} Yep! FVG's are extremely powerful. That indicator looks pretty accurate. If you can find one that can find FVG's and BOS's for you, please share. If we can find a good one, I'll add it to post 1. Although, I'm against the idea of using indicators as a form form of analysis and entry, I'm 100% in favor of using them for convivence. The faster traders can see these setups, the more time they can use analyzing the market structure around it.
You can try these from here: https://www.forexfactory.com/thread/...2#post14552642
  • #28
  • Nov 22, 2023 12:29am Nov 22, 2023 12:29am
Thanks for Simple Strategy Machinelearn,
I hope my analyses is correct USDCHF
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  • #29
  • Nov 22, 2023 2:04am Nov 22, 2023 2:04am
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  • #30
  • Nov 22, 2023 6:08am Nov 22, 2023 6:08am
BREAKEVEN lets see what happens RR 1:2
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  • #31
  • Nov 22, 2023 6:11am Nov 22, 2023 6:11am
Quoting jeetvirk
BREAKEVEN lets see what happens RR 1:2 {image}
TP HIT
  • #32
  • Nov 22, 2023 6:24am Nov 22, 2023 6:24am
Quoting jeetvirk
{quote} TP HIT
Nice one!

Your analysis looks good to me
  • #33
  • Edited 7:32am Nov 22, 2023 6:28am | Edited 7:32am
GBPJPY, Demand, Quick, Clean
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  • #34
  • Nov 22, 2023 6:28am Nov 22, 2023 6:28am
Quoting MachineLearn
{quote} Nice one! Your analysis looks good to me
thanks Sir, took some trades today all hit TP.
  • #35
  • Nov 22, 2023 7:28am Nov 22, 2023 7:28am
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  • #36
  • Nov 22, 2023 8:44am Nov 22, 2023 8:44am
Enjoying this thread. Thanks for this simple, clean method.
  • #37
  • Nov 22, 2023 9:00am Nov 22, 2023 9:00am
Always protect your position, I’ve made the mistake many times, blindly using supply and demand zones for stop losses. However, if there’s a stronger market structure/level in the area, use that one instead. Always protect the position!
  • #38
  • Nov 22, 2023 9:38am Nov 22, 2023 9:38am
Interesting. Subscribed.
  • #39
  • Nov 22, 2023 9:55am Nov 22, 2023 9:55am
Quoting MachineLearn
{image}
-1R but potential re entry as there was remaining liquidity above the demand zone.

valuable lesson - if there’s multiple FVGs within in the same run off, there’s always a chance price will hunt the other ones before making a big move

you could adjust target and stop accordingly or only ever take trades from the first the zone
  • #40
  • Nov 22, 2023 3:14pm Nov 22, 2023 3:14pm
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