Market Structure Only- keep your charts clean

Quoting luckyvictor

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Today's indices market is so strong, do you guys have any good method to enter such a strong trend? I always find it difficult to walk with such a strong trend {image}

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Quoting nikosk0

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{quote} i only trade us30 but the rules are the same today kinda sucked but if u were good enough there was 1 trade but too risky for my taste and happened too fast as well {image} just noticed a short as well. if taken with proper managemnt you should get a break even {image} ps. in your chart i dont see any setup based on market structure. i can see other setups but they dont offer the rrr i want for me to take them

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Quoting luckyvictor

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{quote} Nas100 was very strong yesterday as well, I would say us30 was a bit choppy hence was not a good example to demonstrate question. So if you were to trade the strong us500 yesterday, how would u take trades please?

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Quoting nikosk0

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{quote} i have not tested the s+p500 to know it exact behaviour so based on my knowledge there were 2 entries, one intraday and one swing. blue is the swing and red is the intraday.if u go to smaller timfame for the intraday it i prety eassy to spot it {image}

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Quoting luckyvictor

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{quote} I agree those are the possible entries, but this also suggest that if i missed it, i miss it, the trend was too strong. This is a 30min chart, and even the pull back in your red entry is very shallow, so I myself would not be confident/experience enough to enter this trade. You have any tips to enter the red trade?

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Quoting snail69

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{quote} luckyvictor,I found only one possible set up on 5 min yesterday US30 {image}

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Quoting luckyvictor

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{quote} I agree those are the possible entries, but this also suggest that if i missed it, i miss it, the trend was too strong. This is a 30min chart, and even the pull back in your red entry is very shallow, so I myself would not be confident/experience enough to enter this trade. You have any tips to enter the red trade?

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Quoting snail69

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{quote} luckyvictor,I found only one possible set up on 5 min yesterday US30 {image}

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Quoting luckyvictor

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{quote} That's a good one as well, thanks. But this one would be difficult to spot live. Btw, how do you guys enter? I.e engulfing candle/evening/morning star/hammer etc at the interested spot? Divergence at the lower timeframe? Or just limit order?

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Quoting JD666

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I just wanted to throw in a thank you to nikosk0 for a wonderful thread. I wish I had someone to tell me to start with naked charts when I started out 5 years ago. I wasted about 3-4 of them by cluttering my charts with all kinds of indicators, when in reality the signs of strength/weakness lies in the change of rotations. One question in regards to trade-management. Would you ever consider adding in something like this if you can get a technical target of 1.5R on each? {image}

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Quoting luckyvictor

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Hi Everyone in here I trade with the idea of market structure as well, HH HL, LL LH, but in higher timeframe. I understand that indicators is not quite welcome in here, but I wonder where any one knows such indicator. On MT4, I can draw a rectangle zone/region and when price comes into this area, it sends me a notification. If no single indicator can do it, probably a combo of them? i.e. i first draw the zone using normal rectangle drawing tool, then apply a separate indicator to detect it and alert when price comes. The idea is I trade higher timeframe,...

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Quoting luckyvictor

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Hi Everyone in here I trade with the idea of market structure as well, HH HL, LL LH, but in higher timeframe. I understand that indicators is not quite welcome in here, but I wonder where any one knows such indicator. On MT4, I can draw a rectangle zone/region and when price comes into this area, it sends me a notification. If no single indicator can do it, probably a combo of them? i.e. i first draw the zone using normal rectangle drawing tool, then apply a separate indicator to detect it and alert when price comes. The idea is I trade higher timeframe,...

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Quoting bobzahra

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{quote} this is my bread and butter tool in trading, i build mysef this indicator and the EA, but i share here only the indi...it detects any object on your chart based on Horizontal line..or Rectangle..and Trendline.....there is self extender rectangle...don't ask me about the filter i use, it's off for default..but you can try to turn on the filter, maybe it can make you smile happily...just take it as is.. {file} Cheers,happy trading and goodluck

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Quoting bobzahra

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{quote} this is my bread and butter tool in trading, i build mysef this indicator and the EA, but i share here only the indi...it detects any object on your chart based on Horizontal line..or Rectangle..and Trendline.....there is self extender rectangle...don't ask me about the filter i use, it's off for default..but you can try to turn on the filter, maybe it can make you smile happily...just take it as is.. {file} Cheers,happy trading and goodluck

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Quoting Koop

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After a slow morning with two 1R losses, i just hit two 3R wins in a row. 4R net for the day. Thinking of wrapping things up but the charts keep calling. ________ GbpJpy short {image} {image} ________ UsdChf Short {image} {image} I know, I know, if i had held longer i could have gotten 10R+ Lol... {image}

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Quoting nikosk0

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{quote} excellent work once more mate was just about to post. i was gu long uchf sort for hours and theydidnt move so i exited. took the long on eu for +4r but ecxited early at 1.189 as it kept moving 30 pips myway (could have gotten 7r but i was on mobile and when isaw it i just closed the trade) in any case structure is there, i havent changed anything on my markigns. if you identify and follow you profit. a loss here n there is no problem. how you haandle it matters. take the loss, shalow it and move on to the next trade {image} {image}

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