Price Action (Patterns)

Hello everyone.

My intention with this thread is basically to give back to this community some of the motivation that it has given me over the years to continue trading after many ups and downs and to try almost everything. A while ago I found the stability that I was looking for, with it I have "learned" to be patient and I have achieved my mental balance.

I call it my "Holy Grail".

I want to state that I am not here to invent anything about trading, what I do is already invented, it's just that I haven't seen it well explained anywhere in this forum, I have seen brushstrokes here and there.

In this thread, all people who are interested in doing excellent trading with excellent ratios are welcome.

You will find here a very professional trading based on price action without indicators, just the trader and the clean chart.

I'm not selling anything, I'm not expecting anything, so I'll be grateful for everything that this thread brings me and adds to me, I'll ignore and omit anything that I don't.

Note.

If you're looking for martingale, averaging or aggressive strategies with little or no mathematical hope, this is not your thread. This thread is the complete opposite. You're looking for serious trading for the very long term and to be able to be in the market trading for as long as you want.
It's very professional trading that you can adapt to any time frame and type of trader, you just have to know yourself and you must adjust it to your personality.

This strategy is not for beginners, you need some basic knowledge of Smart Money and technical analysis, without them you won't be able to follow this thread effectively, so I recommend that you study in other threads and when you have the necessary knowledge, come here to try to follow the market in an effective way.

I hope you understand that we are here to make money with the least possible risk, this thread is not a trading school, if I focus on explaining basic concepts I stop doing what is really important (making money).

Very important:

The first mental issue that I have had to change to make a profitable trade has been to be very selfish with my effort and time.

Before I traded everything I saw.

I allow situations and people to change what I am doing.

Now I trade only what I plan to trade in the time planned for my trading.

I do not allow anything or anyone to change this for me.

Maybe it is an unsociable action, even something unpleasant for people, situations bother me what I call my "moment of trading without interruptions" but this moment of concentration makes me not deviate from my objective for me is what matters (I am selfish with what I have decided to do).

Strategy:

We can use one, two or three charts, we will always use the smallest chart to place the operation, this is the one with the lowest SL, therefore, it is the one with the highest ratio that can be obtained.

Intraday Operation:

1st I look for the direction in which I should enter the market, for this I use the largest chart that I want to analyze and I identify it. In my charts I usually put arrows after analyzing. I get the direction by analyzing the market structure.

2nd I mark maximums or minimums at the point where the price changes structure.

3rd I mark relevant lines in which the price usually has a reaction (S&R).

4th I mark important areas (different types of OB) and I wait for the price to arrive to see its reaction in the entry time frame.

5th The entries occur in the higher time frame areas in the lower chart to adjust SL and TP to the trading plan, in them technical analysis figures are sought with their confirmations. I mark areas that confirm the desired figures, HCH, double, triple, floor, ceiling, etc.

Indicators I use:

ADR
It is used to see the distance traveled by the price during the day and some of its averages.

Drawing tool
I use it to draw lines and zones on the charts.



Observe the images for a better understanding.


I write in Spanish so I use a translator, if some phrase does not make much sense to you I hope you will forgive me.

Intraday setup
EURUSD
Entry M1
R: 1 : 2,5

So supply and demand setups with htf confluence?

Nice Thread

Some entries that were made this morning at my time, I missed the market, it got up earlier than I did today, the important thing is to see them, analyze them and learn from them "FOCUS".

You can see it like this if you want, although it is not essentially what I do. I don't think about supply and demand, I think about my high probability zones that sometimes coincide with the OBs we have all learned and other times they don't.

You right horizontal line is all we need

Another winning figure. Operational in "RANGE"

Lets see if this horizontal work out.

First operation of the day
TP1 and BE
Another pattern that works, we'll see how far it takes me with the lot I have left.

Another similar operation to the previous one, this time in GBPUSD countertrend.

Espero haber leído bien, y al fin encontrar un hilo en español sobre Price Action and patterns hahhaa, si es asi, me gustaría aprender un poco mas, si no me equivoco, utilizas tres marcos temporales H1 M15 M1, supongo para analizar la tendencia, encontrar el gatillo y ejecutar, respecto a los patrones que utilizas, seria ideal que puedas pasarlos en limpio para estudiarlos, y que requerimientos tienen que cumplir para saber que lo que estamos mirando es un patron y no una mala jugada del mercado, actualmente opero con soportes, resistencias y TL, pero me gustaría aprender este tipo de patrones técnicos, espero este sea el inicio de un maravilloso hilo, un saludo, adjunto la operación de hoy también realizada con estructura y TL.
Y respecto a tus herramientas, usas MT4 o MT5?

LinuxBoy97;15082113]Espero haber leído bien, y al fin encontrar un hilo en español sobre Price Action and patrones jajaja, si es así, me gustaría aprender un poco más, si no me equivoco, utiliza tres marcos temporales H1 M15 M1 , supongo para analizar la tendencia, encontrar el gatillo y ejecutar, respecto a los patrones que utilizas, seria ideal que puedas pasarlos en limpio para estudiarlos, y que requisitos tienen que cumplir para saber que lo que estamos mirando es un patrón y no una mala jugada del mercado, actualmente opera con soportes, resistencias y TL, pero me gustaría aprender este tipo de patrones técnicos, espero este sea el inicio de un maravilloso hilo, un saludo, adjunto la operación de hoy también realizada con estructura y TL. ¿Y respecto a tus herramientas, usas MT4 o MT5?

You will see Chico Linux 97. You will achieve success with this strategy in the following way:

1st Mark and wait for the price to reach your high probability reaction zones, you must mark them in H1 and M15 if you want to do intraday or Scalping, if you prefer you can use only one graph. If what you are looking for is SWING these zones are marked in higher time frames.

2nd Wait in the execution time frame (M1, M5 I prefer M1) for a traditional chartist figure, such as HCH, Triangles, wedges, etc (they must be formed within your higher time frame zones). If you add any filter such as prior imbalance, liquidity, OB, etc. The probability of success increases, but the number of operations decreases.

To mark the zones you must have some basic knowledge of both Smart Money and Technical Analysis. If these zones are well marked, they work in 65% or more.

Regarding the execution (point 2) I would like to say that only with chartist figures, without applying smart money, the chances of success are higher than 55% of success, so if the area is of high probability of success and the entries are executed in "only" chartist figures, you are already a crack. If you also apply a correct MM and a ratio greater than 1:1, you will be very profitable just by statistics.

Very important: The success rate of 55% is with ratios of 1:2 with 50% of the operation and the rest in BE applying my money management. If you go for 1:1, this percentage rises considerably.

I would also like to say that what I intend with this thread at the beginning is to simplify the entries to the market and not complicate them with excessive and complex analysis. I want to show a simple and easy trading within everyone's reach.

Today its a simple retest, in gold

In case it helps. Adding a bit of advanced technical analysis.

In case it helps. Adding a bit of technical analysis. Curious, the same graph has many confirmations of an increase.

A perfect pattern, with its FVG, OBQ, and technical analysis, etc.
EURUSD M15

Thanks for the clarifications, today trading in continuation, xau/usd
ABCDE Elliot Wave
The first entry was not taken due to time, the second small continuation was taken and successful, but the first would have given many more benefits, never stop learning...

For EUR/USD today, just seeing this, calculating tp with fibonacci

That 60% 78% (OB) area in the second image works very well. Congratulations on your analysis.