very interesting system NICO.....keep it up...
i presume on a choppy market its good to trade on a lower time frame?
i presume on a choppy market its good to trade on a lower time frame?
Market Structure Only- keep your charts clean
there are a couple of reasons i start this thread. 1. i am bored 2. i am tired of people complaining about brokers traiding against them 3. all i know i learned free on the internet, i never paid for anything. time to give somethign back i do not have telegram, twitter, instagram or anything, you will never find me, i will only post here when i feel like it. i made a quick search on the site and i did not find a similar thread so i will start this one. ----------------- what is market structure? higher highs, higher lows, lower highs and lower lows...
It is not the lows and highs what are being retested. What is retested is the last directional move. While moving up, big funds keep hedging with shorts and they hedge the whole run up in steps.
So if a new range of an ascending market has not been hedged, then buyers will be eventually hedging their positions using shorts till the last level they did it.
All these theories about highs and lows acting as support and resistances are bullshit; highs and lows are just areas already capitalized and price action must form around them in any case, not by them. And most of the time, in fact, price action and retesting are not related to high and lows.
When you see it, you realize that liquid markets are not choppy anymore.
See this example with EU and good luck.
See.
- #30
- Edited 8:34am Mar 18, 2021 7:55am | Edited 8:34am
possible long setup for EURUSD as per the plan posted yesterday
wait for price to go lower to buy, we ant it as close to the low as possible, unless it gets invalidated. so far so good
we can wait for confirmation. what each of us uses as confirmation i leave it up to you.
i only want to teach you how to identify the market structure and the start or change of a trend.
when to enter and when to exit its up to you
remember, we do not aim for 100% win rate. 50% is fine to be profitable. 50% is achievable by his method even without confirmation
say you got 100 trades in 6 months at 50% win rate for 1.5rr with 1% risk
that is +25% in just six months.
now, go and find me any kind of bussiness that can have that kind of returns.
patience, small risk, good setups, that is all thats needed.
if you dont have the capital, you can prove yourselfs to any company and get funded.
there is always a way.
edit. trade triggered, i dint use confirmation (if you use you can get much better results but for the sake of the thread i didnt use, i only want to show you thar trading is simple and doesnt require much skill, patience and visuals only)
lets see how this goes, if we can get a second win in a row
wait for price to go lower to buy, we ant it as close to the low as possible, unless it gets invalidated. so far so good
we can wait for confirmation. what each of us uses as confirmation i leave it up to you.
i only want to teach you how to identify the market structure and the start or change of a trend.
when to enter and when to exit its up to you
remember, we do not aim for 100% win rate. 50% is fine to be profitable. 50% is achievable by his method even without confirmation
say you got 100 trades in 6 months at 50% win rate for 1.5rr with 1% risk
that is +25% in just six months.
now, go and find me any kind of bussiness that can have that kind of returns.
patience, small risk, good setups, that is all thats needed.
if you dont have the capital, you can prove yourselfs to any company and get funded.
there is always a way.
edit. trade triggered, i dint use confirmation (if you use you can get much better results but for the sake of the thread i didnt use, i only want to show you thar trading is simple and doesnt require much skill, patience and visuals only)
lets see how this goes, if we can get a second win in a row
offering my system to copy trade. check my link
Nice thread. I trade the same kind of way 90% of the same. Great to see it! My RR is a little different. BTW if no one knows/ Understands what this is and you are struggling trading view has an indicator for the more visual traders.
i also get more than 1.5rr but for the purpose of the thread i wanted to keep it as simple as possible.
whats the name of the indicator?
offering my system to copy trade. check my link
{quote} i wanted a risk free rr for the traders that dont know the system 100% i also get more than 1.5rr but for the purpose of the thread i wanted to keep it as simple as possible. whats the name of the indicator?
I think new traders will benefit from this!
It took ages to find but its called Higher high Lower low Live - This just helped me when I was learning this way of trading.
- #40
- Edited 11:25am Mar 18, 2021 11:10am | Edited 11:25am
{quote} No complaints here. I think new traders will benefit from this!
good for new traders
Hello, What about GBP/USD m30? Nice thread. {image}
now if you like at 5m timeframe, the rules of this thread apply to the red drawings and trend continuation after a break and a retest aply to the blue drawings. (they are totaly different setups)
good luck
justo one note, on 5m timeframe its good to move your stop at break even really fast cause it can colide with HTF structure and get wiped. be cautious
offering my system to copy trade. check my link