I entered this buy trade on GBPUSD using the Scalping system.
Price is in a very narrow range, so space is not stretching much on M1. You can see how the H4 white i-HighLow is squeezed.
Because H4 has a recent A(3) pivot, I have an up bias.
1. At the white vertical, M1 has an M(5) low pivot matched to H1 Y(2) low pivot: I look for a buy setup.
2. Trigger with 5 objects in agreement:
KSO n = positioned in the R row.
Range Low= green up arow.
Spot Trades Orbot Spot = Buy up arrow in a green spot.
Cyclicality n = green.
Trade Risk = red (Risky to sell).
Buy entry at the green dotted vertical on M1.
I have an expectation that the M1 will paint an M(5) high that is a point match with an H1 Y(2). This would result in the H1 Y(2) making a cycle of 1-2-3 up-down-up, which has the POSSIBILITY of drawing an A(3) matching point as well. So at some point, price needs to go above the latest H1 Y(2) high, which makes that a possible take profit if the KSO partition n has not yet reached the + row.
Because H1 has G(4) low pivot matched with an H4 low A(3) pivot, I expect price to stay above this low during all of the cycling that will occur as the price goes up to a G(4) high pivot on H1. So that low is my inital stop loss.
Note that before my entry, there is on M1 a G(4) high pivot calling for a G(4) low pivot. I think it is likely that price will be below my entry (trade in floating drawdown) when the G(4) is drawn, so I will look for another buy entry then.