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M5 Scalping Strategy (S&D|FVG)

  • #41
  • Nov 22, 2023 5:55pm Nov 22, 2023 5:55pm
Your Break of Structure looks like a market structure shift, is that what you meant instead?
  • #42
  • Nov 22, 2023 6:45pm Nov 22, 2023 6:45pm
Quoting Tanattboy
Your Break of Structure looks like a market structure shift, is that what you meant instead?
Yes! This vocabulary works too. The concept is to only target s/d zones that cascaded an impactful move in the market, it filters a lot of noise. Take the concept and expand on it. There’s no absolutes, just theories. None of us truly know what the market is doing anyway.
  • #43
  • Edited 12:48am Nov 23, 2023 12:36am | Edited 12:48am
Quoting MachineLearn
{image}
played out 100% as expected

price aggressively pushed down to demand

price broke the demand zone so we watched patiently

after a few bars, its ran through the pre-drawn break point...which is the area where the resistance level and regression channel met

remember golden rule ... protect position, instead of setting stop at resistance i went with a swing level, and with a 1:2 RR set after confirmation, price headed right for the target

I will update the main thread, going over some advanced concepts like regression channels, S/R, breakpoints and confirmations

Ultimately, PRICE is the ONLY thing you need. Couple lines on the chart to represent some levels, and you're off to the races. Stop spending year after year looking for the holy grail indicator combination. S/D is legit, S/R is legit, PA is legit = legit system

to many pips
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  • #44
  • Nov 23, 2023 1:05am Nov 23, 2023 1:05am
Hi sir. Nice strategy. Do you advise we only look at 5m? Or may we combine with htf? Like daily 4h 1h 15 and so on or just 5m
Trading is gambling. So gamble responsibly.
  • #45
  • Nov 23, 2023 3:03am Nov 23, 2023 3:03am
BE too much news today
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  • #46
  • Nov 23, 2023 3:52am Nov 23, 2023 3:52am
miss this entry
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  • #47
  • Nov 23, 2023 6:18am Nov 23, 2023 6:18am
Thank you for sharing. Is your demand/supply zone the same as fvg zone? i dont see any demand/supply on your charts only fvg and BOS.
  • #48
  • Nov 23, 2023 9:27am Nov 23, 2023 9:27am
Quoting mario777
Thank you for sharing. Is your demand/supply zone the same as fvg zone? i dont see any demand/supply on your charts only fvg and BOS.
In this strategy and version of S/D, the FVG creates the "supply and demand zone"

Instead of using arbitrary candles
  • #49
  • Nov 23, 2023 9:31am Nov 23, 2023 9:31am
Quoting Sovy
Hi sir. Nice strategy. Do you advise we only look at 5m? Or may we combine with htf? Like daily 4h 1h 15 and so on or just 5m
In this strategy it's 100% optional. I haven't found it to help ALL that much, and in times can be more of a distraction. However, I'm very open to finding new ways to use HTF if it means the strategy become better
  • #50
  • Nov 23, 2023 10:58am Nov 23, 2023 10:58am
Quoting MachineLearn
Welcome! Seasoned trader here with a strategy you'll surely want to take a look at. At it's core, its a price action strategy that doesn't require ANY indicators! In this thread you'll learn that I subscribe to a particular philosophy; MOST indicators are bullshit Only once you have come to this conclusion yourself should you continue to read about the strategy and all the goodness it has to offer. I'm not going to waste any of our time explaining every nuanced detail of the concepts I list. If there's a basic premise that you don't understand,...
Agree with you. I use my indicator as price action. This has ratio of winning over 90% if used correctly. Also friendly idea. Use candle close NOT wicks. It will be much better.
  • #51
  • Nov 23, 2023 11:48am Nov 23, 2023 11:48am
Quoting SilentFather
{quote} Agree with you. I use my indicator as price action. This has ratio of winning over 90% if used correctly. Also friendly idea. Use candle close NOT wicks. It will be much better.
Would love to hear more. I will also look into only using candle bodies and not wicks. Thanks for your input
  • #52
  • Nov 23, 2023 12:03pm Nov 23, 2023 12:03pm
Quoting MachineLearn
{quote} Would love to hear more. I will also look into only using candle bodies and not wicks. Thanks for your input
I will come back fully when I get some computer. Then I can show properly. But something like this. Thing is you need to know what trend is. And it is not what you already know & what they learn online. Check ZigZag indicator. You will see what trend is. Hopefully. You need to think about it. Then you'll see it. Hope it helps!
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I have only my phone, and honestly writing a posts and editing pictures with my pixel... Pain in the ass.

Edit found this old picture from my other blog. No English but you can see how I use my indicator. Hopefully.
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  • #53
  • Nov 23, 2023 3:13pm Nov 23, 2023 3:13pm
You can also find Break of Structure, or Market Structure Shifts by using a long 3-4 point trend line break. Methodology is different, but the result is the same. You have to isolate those big moments in the market when price completely reverses...there's no magic rule...
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  • #54
  • Edited 5:32pm Nov 23, 2023 3:49pm | Edited 5:32pm
Quoting MachineLearn
You can also find Break of Structure, or Market Structure Shifts by using a long 3-4 point trend line break. Methodology is different, but the result is the same. You have to isolate those big moments in the market when price completely reverses...there's no magic rule... {image}
Linear Regression Channel (observed price action channels) breaks work too. I repeat, BIG STRUCTURE SHIFTING MOVES!
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  • #55
  • Nov 23, 2023 5:36pm Nov 23, 2023 5:36pm
NZDCHF is showing a great example of a long bullish uptrend (confirmed by LRC breaks) and you can wait for that bearish LRC break before identifying demand zone

if this bullish structure breaks down, confirmed by whatever method you choose, thats when you start to look for strong FVG/Demand Zone.
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  • #56
  • Nov 24, 2023 6:00am Nov 24, 2023 6:00am
Feedback welcome
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  • #57
  • Nov 24, 2023 6:57am Nov 24, 2023 6:57am
Do you watch specific pairs or are looking at all 28 ?
  • #58
  • Nov 24, 2023 9:27am Nov 24, 2023 9:27am
Quoting AndJak2012
Do you watch specific pairs or are looking at all 28 ?
Im watching all pairs usually
  • #59
  • Nov 24, 2023 9:27am Nov 24, 2023 9:27am
Quoting harlanroger
Feedback welcome {image}
Bigger BOS the better, this is accurate but move might not be so powerful
  • #60
  • Nov 24, 2023 12:11pm Nov 24, 2023 12:11pm
TP was hit
I could have bag alot more on this trade, but a win is a win
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