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Price Action Tips and Tricks

This document provides tips and tricks for understanding price action when trading. It discusses the importance of understanding market structure on multiple timeframes, from the 15 minute chart down to the 1 minute chart. Specific patterns and concepts discussed include breaks in structure, using lower timeframes to find entries, chart patterns like head and shoulders and double tops/bottoms, and factoring in important times like daily/hourly opens. The document provides examples of these concepts on sample charts and encourages questions from readers.

Uploaded by

Chris Rodriguez Solo
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Download as PPTX, PDF, TXT or read online on Scribd
3K views29 pages

Price Action Tips and Tricks

This document provides tips and tricks for understanding price action when trading. It discusses the importance of understanding market structure on multiple timeframes, from the 15 minute chart down to the 1 minute chart. Specific patterns and concepts discussed include breaks in structure, using lower timeframes to find entries, chart patterns like head and shoulders and double tops/bottoms, and factoring in important times like daily/hourly opens. The document provides examples of these concepts on sample charts and encourages questions from readers.

Uploaded by

Chris Rodriguez Solo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Price Action

Tips and Tricks

Pips2Profit
Cameron Benson
Before Price Action, Understand Market
Structure
1. Being able to read market
structure is key to
understanding price action.
2. Market Structure is fractal.
3. Understanding market structure
will help Spot:
a. Liquidity
b. Break In Structure
c. Current Trend
d. Trend Pivots
Using Lower TimeFrame for Entry
1. Improves Risk to
Reward.
2. Can allow you to
see what the
markets 15 Min Chart
intentions are in
the short term.
3. Can prevent you
from entering in
on the wrong side
of the market, or
at the wrong time.
Same Chart from previous slide…1 Min Chart

Question:

Where is the first entry short??


First entry short can be close back
inside the 9AM.
Thesis: False Break HOD at 930
Price Action Confirmation: 1,2,3
Engulfment
Time: Engulfed 9 Open

Add ins:
1st retest of the 915, as it breaks back
down.
Thesis: Traders above 915 now
trapped.

2nd Entry Short/Re-entry Short:


After 3rd Push back into 915
engulfment.
Thesis: High now Locked in. Above
915 confirmed trapped.
Add-in: Engulfment of 1015/10
Thesis: Traders attempting to counter
now underwater.
Understanding The Break In Structure Concept
1. Is fractal
a. After break in structure on the 15 Min, would be waiting for a pump/dump on the 15 min. I then go to
the 1 Min Chart…
b. On the 1 min chart, I then wait for the pattern to play out in my session. Break of structure now has to
occur on the 1 Min.
i. Must have High/Low Formed
ii. Level Traded Back into in 3 push variation
iii. Break in structure (Unless a trend trend)
iv. Chart pattern formed (M,W, Head And shoulders, Triple Top, Triple Bottom) (On 1 Min Chart)
v. Engulfing candle in direction of my trade (1st entry)
vi. Times need to confirm (engulements of hourly open/15 min opens)
3 Burst Stair Step (15 min)
1 Min Variation
1,2,3 Engulfment (Multiple Variations)
1,2, Sideways 3 Engulfment
1 Burst 2 Burst 1,2,3 candles Engulfment
Trading Channels
1. Trade is already
in a directional
move
2. Tight channel
can be
challenging to
enter
3. I wait for the
dip/pop up (1
Min Chart)
4. Can be what 1 min
TF
propels the
trade vertically.
QUESTIONS?
Micro Pattern Variations To Look For…
Head and Shoulders
Double Top (M)
Double Bottom (W)
Triple Top

1 Min Chart

Not the High Bull


Engulfment in the
beginning of the
pattern
Using time in combination with price
Important time:

1. Timing Window (Session)


2. Opening price of…
a. Daily Candle
b. 4H Candle
c. 1H Candle
d. 15 Min Candle
3. High Low of…
a. 4H Candle
b. 1H Candle
Why use time??

1. Helps to see big picture on smaller time frame.


2. Helps to identify where the market is actually going.
3. Identifies what phase the market is current in. (Accumulation, Mark Up, or Mark
Down)
4. Identifies where traders are trapped.
Next Slide 1 Min
Example

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