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Market Structure Only- keep your charts clean

  • #101
  • Mar 23, 2021 10:54am Mar 23, 2021 10:54am
todays setups (i gotta say i hate 5m cause i dont have the available screentime)
not much too clean and not too many again. there are other sort of setups to take but not the ones described in this thread
i still dont like the market and the nice moves happened during the assian session while i was sleeping
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2.jpg Size: 58 KB
Click to Enlarge Name: Screenshot_3.jpg Size: 62 KB
offering my system to copy trade. check my link
  • #102
  • Mar 23, 2021 11:03am Mar 23, 2021 11:03am
Do you think a zigzag indicator would help to repaint the stucture(HH,LL , HL , LH ) clearer?
  • #103
  • Mar 23, 2021 11:35am Mar 23, 2021 11:35am
Quoting TeeZai
Do you think a zigzag indicator would help to repaint the stucture(HH,LL , HL , LH ) clearer?
it recalculates way too much. i;ve tried it in the past and that was the reason i droped it immediatly. try it out.

btw if find the 5m timeframe is best suited for this type of trading ad not the higher ups since fundamentals can cause all sorts of things.

in any case, i just hate these strong trends that have been happening the past 3 weeks, doesnt help mystyle of trading. be carefull
offering my system to copy trade. check my link
  • #104
  • Mar 23, 2021 11:45am Mar 23, 2021 11:45am
Attached Image (click to enlarge)
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AUDJPY Short
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entry taken on 5m chart. SL to B.E on first entry. Second entry after candle close on 30 min chart.

Nothing complex, waited for price to retrace till i was satisfied (based on my entry rules), got a signal, entered and hoped for the best.
  • #105
  • Mar 23, 2021 11:46am Mar 23, 2021 11:46am
Quoting nikosk0
{quote} hi 1. months not years. i think i;ve answered that question somewhere in the thread i believe. 2. 8 months 3. above 70% for me personally. but i dont trade that method alone, this is the only one i am willing to share. 4. risk more if you like, that is up to you. more risk for me personally makes me take empotional decisions. tax is 15% if you withdraw not while you compound. i already gave a realistic answer somewhere in here, if you dont have the capital, get funded. various firms out there with various rules and targets. i am funded trader...
Wow, that is very nice.

Very few people are so generous as you are.

Guys, before being profitable we pass through years of pain and losses, we invest thousands of dollars and it is really hard I must say.

nikosk0 deserves your highest respect. I would not share shit of what I have learnt and many of us would do the same because when you start to share there are always people coming to insult and defy and require proof of your success and all that. As if we owed something besides all.

Good luck pal. Great from you.
  • #106
  • Mar 23, 2021 11:57am Mar 23, 2021 11:57am
Quoting ajp61
Hello Nikos, I just came across this thread and couldnt see the response from you that I would have thought would be the very first set of questions to you. But I guess this is why the vast majority of people lose, at trading, and in life. Just blindily follow anyone who puts up a set of rules (often extremely undefined and vague) and then HOPE. Pretty much the way people get sucked into religions. People are lost souls, desperate for meaning. And will follow anyone who offers them HOPE, no matter how little evidence of it usefulness is provided....
Are you kidding? Lol that's some next level sense of entitlement.

The strategy is not for sale so why would he need to provide all these validations? It's explicitly advised on the first post that anyone who wants to trade it with the rules provided should practice thoroughly and test it out themselves on tradingview or wherever to gain the validation or conviction needed.
The written/theory part of it doesn't really matter until you put it to work yourself. Your questions are relevant to you and you alone.
  • #107
  • Edited 12:39pm Mar 23, 2021 12:02pm | Edited 12:39pm
Quoting scherzi
{quote} Wow, that is very nice. Very few people are so generous as you are. Guys, before being profitable we pass through years of pain and losses, we invest thousands of dollars and it is really hard I must say. nikosk0 deserves your highest respect. I would not share shit of what I have learnt and many of us would do the same because when you start to share there are always people coming to insult and defy and require proof of your success and all that. As if we owed something besides all. Good luck pal. Great from you.
thanks a lot

but as i have said a lot of times, the strategy is the least important thing in the game we are playing.

i can make 10 indicator based stategies all of witch should be profitable. can you manage? can i manage? can everybody manage?

other things makes us loosers, not our strategy.

i;ve shared a glimpse of my management some posts before.

i find patience to be n1
discipline n2
management n3
other things between n4-n9 (available time, illeness, debts, a screaming wife, kids, work all of those distractions in general)
strategy n10

i just wish i started forex when i first looked at it in university and didnt drop it in 2 days.
now i got all of the above to manage, and i cant do it always, that is when losses come and i dont even notice it untill its too late.
offering my system to copy trade. check my link
  • #108
  • Mar 23, 2021 12:03pm Mar 23, 2021 12:03pm
Quoting Koop
{quote} Are you kidding? Lol that's some next level sense of entitlement. The strategy is not for sale so why would he need to provide all these validations? It's explicitly advised on the first post that anyone who wants to trade it with the rules provided should practice thoroughly and test it out themselves on tradingview or wherever to gain the validation or conviction needed. The written/theory part of it doesn't really matter until you put it to work yourself. Your questions are relevant to you and you alone.
Lol, as I was saying, people coming to troll and insult.

That is why I never publish anything.
  • #109
  • Mar 23, 2021 12:05pm Mar 23, 2021 12:05pm
Ops I saw your answer, but I deleted it somehow and cannot see it anymore.

Yes, trading is 90% management and 10% technique.
  • #110
  • Mar 23, 2021 12:27pm Mar 23, 2021 12:27pm
Quoting nikosk0
{quote} it recalculates way too much. i;ve tried it in the past and that was the reason i droped it immediatly. try it out. btw if find the 5m timeframe is best suited for this type of trading ad not the higher ups since fundamentals can cause all sorts of things. in any case, i just hate these strong trends that have been happening the past 3 weeks, doesnt help mystyle of trading. be carefull
I agree, the lower time frames fit this kind of strategy best, especially since you're only looking to hold trades for a short time.
Also, pullbacks of the magnitude you're looking for don't happen frequently enough on the Higher TFs and if they happen, sometimes they look like reversals on the lower Tfs and just creates confusion, at least for me.
  • #111
  • Mar 23, 2021 12:37pm Mar 23, 2021 12:37pm
Quoting scherzi
Ops I saw your answer, but I deleted it somehow and cannot see it anymore. Yes, trading is 90% management and 10% technique.
i think you disliked it hahah

Quoting Koop
{quote} I agree, the lower time frames fit this kind of strategy best, especially since you're only looking to hold trades for a short time. Also, pullbacks of the magnitude you're looking for don't happen frequently enough on the Higher TFs and if they happen, sometimes they look like reversals on the lower Tfs and just creates confusion, at least for me.
couldnt have said it better my self
offering my system to copy trade. check my link
  • #112
  • Mar 23, 2021 1:03pm Mar 23, 2021 1:03pm
Quoting ajp61
Hello Nikos, I just came across this thread and couldnt see the response from you that I would have thought would be the very first set of questions to you. But I guess this is why the vast majority of people lose, at trading, and in life. Just blindily follow anyone who puts up a set of rules (often extremely undefined and vague) and then HOPE. Pretty much the way people get sucked into religions. People are lost souls, desperate for meaning. And will follow anyone who offers them HOPE, no matter how little evidence of it usefulness is provided....
Risk per trade is personal. If acc is small you can trade with risk 20% per acc like I did
  • #113
  • Mar 23, 2021 2:54pm Mar 23, 2021 2:54pm
Quoting Koop
{quote} I agree, the lower time frames fit this kind of strategy best, especially since you're only looking to hold trades for a short time. Also, pullbacks of the magnitude you're looking for don't happen frequently enough on the Higher TFs and if they happen, sometimes they look like reversals on the lower Tfs and just creates confusion, at least for me.
You have to articulate your trades in like 3 timeframes or even more (I usually use D1, H4 and H1 to see where the price magnets are; m15 to understand the main structure and m5 to find enter and exit signals. Sometimes, but not always I use m1 to refine). But I am usually trading the daily range.

In any case, let's say you use 3 timeframes.

The higher one shows you the main direction. The second lower one lets you see if you are near a support or a resistance level (rejection level to be more precise). The third one is the one you will use, the lower one, to find the patterns you whish to trade. Let's asume a rangebound market and that you are trading.

Assume you are checking that D1 is near the lowest part of a horizontal channel trying to take off. Then you are close to support. Then, on h1 you check and see that there is another channel, an uptrending channel and that you are at the bottom of a leg of that channel, near a swing low. So you are in an uptrend on h1 and also at the bottom.

Now you go down to m15 but you are now at the top of a structure, so you will wait till m15 align with the other two.

And finally when m15 changes, with no major change on h1 and almost no change on d1 due to the short period of time required for m15 to change, then you have all timeframes algined in a bullish structure in three different scales of price.

It is called three-window analysis and you find absolute convergence (directional, potential and structural) since everything is lined up.

That is your go in that hyptothetical situation. The main idea behind it is that it is difficult to stop a train. So if you see an ant on the train, it is likely to follow its movement for a while. Your reference timeframe is your ant and you have to go to a higher timeframe to see where the little insect is being pushed to by the train.

A few combinations may be:

W1 - D1 - H4
W1 - D1 - H1
D1 - H4 - H1
H4 - H1 - M15
H4 - M15 - M5

etc...
  • #114
  • Mar 23, 2021 3:02pm Mar 23, 2021 3:02pm
Quoting scherzi
{quote} You have to articulate your trades in like 3 timeframes or even more (I usually use D1, H4 and H1 to see where the price magnets are; m15 to understand the main structure and m5 to find enter and exit signals. Sometimes, but not always I use m1 to refine). But I am usually trading the daily range. In any case, let's say you use 3 timeframes. The higher one shows you the main direction. The second lower one lets you see if you are near a support or a resistance level (rejection level to be more precise). The third one is the one you will...
that works and is one of the things i use depending on the conditions on witch i see an entry. i always have at least in the back of my head the daily and weekly timeframes. i trade 4-5 pairs so i memorise them prety easy.

and it is one the things traders could (if they so wish) to add to the strategy i propose or any other strategy for that matter.

i gave the simple rules ( and if any trader that wishes to trade my strategy AFTER BACKTESTING IT) wants to make it better, can do. (higher rr, more accurate etc)
offering my system to copy trade. check my link
  • #115
  • Mar 23, 2021 3:48pm Mar 23, 2021 3:48pm
for the followers, i uploaded a little handy tool on the first folder, i upload it here as well

i believe no one can call himself a trader unless he uses hard stops, the others i call them gamblers
Attached File(s)
File Type: ex4 Trade Manager EA.ex4   232 KB | 553 downloads


looks like this
and its an ea
and you just choose buy or sell, (or pedning), drag the lines for sl and tp, set the risk you wanna take and press the button
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 186 KB
offering my system to copy trade. check my link
  • #116
  • Mar 23, 2021 9:33pm Mar 23, 2021 9:33pm
Quoting nikosk0
this was a perfect clean trade, i wasnt looking though there are many setups throught the day, dont rush in to any, wait for it patience is key, the most important thing to win in forex {image}
Attached Image
For the screenshot in post30, may I know why you omitted (1) highlighted in the chart as a higher low?
  • #117
  • Mar 23, 2021 9:48pm Mar 23, 2021 9:48pm
Quoting nikosk0
there are shit loads of opportunities every day. keep your eyes open and be patient, learn to identify the structure. todays 5m trades that could have been taken remember to only have one trade open at a time, dont have many trades open you will get confused and distracted. {image} {image}
Regarding post47, please find my questions as follow:
1. The retest level are different in the attached charts: The previous high was retested at 50% in Screenshot (1) but retested at 100% Screenshot(2). What caused the differences in these case?

Attached Image
Attached Image
  • #118
  • Edited Mar 24, 2021 1:42am Mar 23, 2021 11:29pm | Edited Mar 24, 2021 1:42am
Quoting TeeZai
{quote} Regarding post47, please find my questions as follow: 1. The retest level are different in the attached charts: The previous high was retested at 50% in Screenshot (1) but retested at 100% Screenshot(2). What caused the differences in these case? {image}{image}
regarding the first question it was propably a typo. that trade was a looser anyway.

for the second one, i dont know what cause the difference, every pulback is different.30-50-100% you never know, you can only guess

"precision gueswork" is forex and the question you asked is to give the rule of entry. loads of them. it is better to find your own
offering my system to copy trade. check my link
  • #119
  • Mar 24, 2021 1:52am Mar 24, 2021 1:52am
Quoting nikosk0
{quote} regarding the first question it was propably a typo. that trade was a looser anyway. for the second one, i dont know what cause the difference, every pulback is different.30-50-100% you never know, you can only guess "precision gueswork" is forex and the question you asked is to give the rule of entry. loads of them. it is better to find your own
Thank you for the feedbacks.
  • #120
  • Mar 24, 2021 2:34am Mar 24, 2021 2:34am
some hardcore scalping on eu (not market structure scalping) before london and a great trade based on market structure that i missed only because customers came at my regular job (the distractions i was refering to)
Attached Image (click to enlarge)
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i did manage to take a great intraday trade on nzdusd
rules are the same
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also notice that there were news while i was trading but i didnt care at all. if anything they helped my style once more
offering my system to copy trade. check my link
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