Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Setup Your TradingView Charts To Be Efficient With Your Time 6 replies

Why your broker is your friend and your enemy 4 replies

Charts, Charts, Charts! 1 reply

Market Structure Question 26 replies

Forex Market Structure and Dealers 2 replies

Attachments: Market Structure Only- keep your charts clean
Exit Attachments

Market Structure Only- keep your charts clean

Quoting Frag8383
Completely agree great thread. Hi NikoskO How can we make more objective the definition of highs and lows, that the only thing that i find more difficult, I use the zig zag but depending on the value that you set it at will find longer or shorter swings, Do you have any specific way of defining the swings so it makes it easier to find or just visually and practice? Thanks Kind regards
we cant, well i havent found a way other than practise, there might be one. price is like a language, everyone talk, read, write and listen but not everyone can make a best seller book.

the black lines you see on my tradingview charts come from my view of the 4ft timeframe, use them as your guidlane and try to make your own on other timeframes.
post them here and if i see mistakes i will try to explain

Quoting Verde
Great thread Nikos. A question.......how do you differentiate between the choppy areas and tradable zones ? Can this be traded on the M1 chart?
thats the easier part. its when you are not sure, thats when you dont trade


practise makes perfect. practise one pair and one pair alone on random timeframes and random dates
market structure is all you need. check my thread
Quoting nikosk0
{quote} "supply zones" or previous lower lows for me, interest me only the first time, not the second one you could tell the second time it would propably fail from 3 reasons, 1 it took too much time to go down, second in the second image the one marked is not just a high, it is a higher high of a lower timeframe and it also failed to make a lower low on 4hr (you can see this in my chart). that alone is your exit criteria. in the first test price went down fast, and that is the price action we are looking for, not slow and choppy markets. if slow...
thanks for sharing your insight.

I tried to trade US30 today but is so difficult, did you trade it today n u managed to get sth out?

Wanna know how you look/comment the market today
Attached Image (click to enlarge)
Click to Enlarge Name: 406c03f47c02d44d7ed45ca66798e702.png Size: 96 KB
Quoting luckyvictor
{quote} thanks for sharing your insight. I tried to trade US30 today but is so difficult, did you trade it today n u managed to get sth out? Wanna know how you look/comment the market today {image}
i didnt trade us30 today didnt like it.
market was a mess in general. the only 2 trades i noticed were the ones below and the 2 wins 1 loss i mentioned in an earlier post. but still they were not clean enough for a new trader that practises this system.
i wasnt looking at other pairs, i focused on those 2 only because the rest were trash in my point of view (the other majors and the us30) and they are the ones i know their behaviour a lot better than the others

i traded 1m and 15s charts since 5m-1hr and above didnt provide me with setups (or i was not here to take them).

to be fair, i am happy i ended up in profit in such conditions.

in general during strong trends, this system doesnt have too many entries. but trends happen 30% of the time, so adds are in our favour. strong trends have been happening the past 5-6 weeks and i truly hate them but it can still work.

practise - practise - practise on one pair on several timeframes. master one pair, its not easy, but once it clicks you are set
Attached Images (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 76 KB Click to Enlarge Name: Screenshot_2.jpg Size: 81 KB Click to Enlarge Name: Screenshot_3.jpg Size: 143 KB
market structure is all you need. check my thread
Hi Nikosk0

I am seeing a downtrend in EU
Attached Image (click to enlarge)
Click to Enlarge Name: 0b668a518a4206e9afa5e4b24b6f6ee6.png Size: 85 KB
  • Post #285
  • Quote
  • Edited at 3:58am Apr 8, 2021 1:36am | Edited at 3:58am
Quoting luckyvictor
Hi Nikosk0 I am seeing a downtrend in EU {image}
dont trade the assian session, just forget it. wait for london to give you direction.

just above ive said to ue the zones only once and not twice.
i do not see a setup in your chart neither long nor sort, the sort you point out for me is not valid, we got a HL not a LL. that means that the trend is loosing momentum.

and you cant expect everytime that a trend will reverse with no pullbacks.

it could stil break he previous high of 1.1915, we need to wait for market to give us direction.


edit. i see a setup now. see how it goes,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 78 KB


edit2. sl hit, oh well.... this ussually works. but then again, it doesnt have to work every time

similar setup to this was the gu sort a couple of days ago
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 73 KB
market structure is all you need. check my thread
Quoting luckyvictor
Hi Nikosk0 I am seeing a downtrend in EU {image}
Hey Vic, I'd suggest going over the strategy rules and parameters again. I don't think you fully understand it.
Also, if you're going to trade structure, you might as well forget about those big S&D or S&R zones you're drawing.
IMO it's not really necessary.

Structure breaks or changes can happen anywhere at any time on any time frame. Your job is to spot it and wait for a structure based retracement to either long or short it.

For example.

If price is trending upwards and making HH and HLs, simply watch to see when it breaks the uptrend structure and makes a clear Lower Low (LL).....
After a LL has been printed..YOUR EXPECTATION or anticipation should be that price will retrace and make a LH which you will short in line with a potentially new short term or medium term downtrend.

Now, where Nik's strategy shines is the part where you wait for the retracement after the new LL. the retracement has to be deep enough and close to the previous high or swing as possible, in order to give you a good area to place your stop loss and provide enough room for your trade to run and earn you at least 1.5R if the trade actually works out.

We all have our ways of determining how deep the retracement goes before we are comfortable to short, most of it is discretionary, especially in my case... But if you want a more defined/mechanical approach, I'd suggest using Snail69's fibonacci 78.6 and 88.6 levels approach.
After the new LL has been made, simple draw your fib from previous high to the new LL and wait for price to retrace to around the 78.6 and 88.6 fib levels, then look for your own reason to short, placing your stop loss above the previous high.

I think that's basically it. You can add whatever extra components you may want. Just don't overcomplicate things.
EurAud short for 3R towards the close of yesterday.

I usually don't trade that late or hold trades overnight but I was quite confident the trade would work out so I took only a small percentage risk.

3R target hit during Asian session today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-04-07-21-04-57.png Size: 133 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-04-07-21-05-31.png Size: 179 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-04-08-04-06-29.png Size: 178 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-04-08-06-20-26.png Size: 163 KB

Nasty price action though.
Quoting Koop
{quote} Hey Vic, I'd suggest going over the strategy rules and parameters again. I don't think you fully understand it. Also, if you're going to trade structure, you might as well forget about those big S&D or S&R zones you're drawing. IMO it's not really necessary. Structure breaks or changes can happen anywhere at any time on any time frame. Your job is to spot it and wait for a structure based retracement to either long or short it. For example. If price is trending upwards and making HH and HLs, simply watch to see when it breaks the uptrend...
well, thats basically a better explanation than i could provide. thanks man. congrats on your ea trade! although i got confused seeing that red line thinking it was the bid/ask lines from the spread
market structure is all you need. check my thread
Quoting nikosk0
{quote} well, thats basically a better explanation than i could provide. thanks man. congrats on your ea trade! although i got confused seeing that red line thinking it was the bid/ask lines from the spread
Haha no way. Those were horizontal lines.
But I was looking at my charts at the close of markets and the spread and ask line actually widened over 30 pips during rollover ... I always delete my SL and put it back one hour later when spreads return to normal.
  • Post #290
  • Quote
  • Edited at 8:59am Apr 8, 2021 8:12am | Edited at 8:59am
NZDUSD Long - 3R target close.

Basic - New higher high, wait for potential HL, buy on signal, Stoploss below previous swing.

Attached Image (click to enlarge)
Click to Enlarge Name: _20210408_130659.jpg Size: 84 KB
Attached Image (click to enlarge)
Click to Enlarge Name: _20210408_130829.jpg Size: 216 KB

___________

Edit - 3R Target Hit at 0.7053.

Now the struggle becomes trying to avoid giving profits back to the market.
Thanks nikosk0 and koop. I guess I do understand the rule, but what I need to work on is to train my eyes and get rid of bad/old habit.

Btw, do u guys actually stay in front of the chart to catch opportunity or u have some sort of alert ? Not necessary a trading signal but early "reminder" to get back to chart
Quoting luckyvictor
Thanks nikosk0 and koop. I guess I do understand the rule, but what I need to work on is to train my eyes and get rid of bad/old habit. Btw, do u guys actually stay in front of the chart to catch opportunity or u have some sort of alert ? Not necessary a trading signal but early "reminder" to get back to chart

you could put alerts on, i personally dont cause i also work and cannot leave my work to trade.so i just have a plan in place and if it so happens that i see somethign interesting while on pc i take the trade.

when i got 2-3 hours that i can stay in fron of the pc i ussually scalp the 1m chart
market structure is all you need. check my thread
ALL my trades and the one running on usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 151 KB
market structure is all you need. check my thread
Quoting nikosk0
ALL my trades and the one running on usdchf {image}
Lol ballsy move scalping 1m with no stops. Must have been desperate
Market structure, symmetrics, harmonics...

GBPUSD - one whole harmonics pattern. That is it the reason I stayed in the trade.

EURGBP - symmetics, AB=CD - my favourite
Attached Images (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 194 KB Click to Enlarge Name: 09-04-2021-Friday.jpg Size: 136 KB
;)
  • Post #296
  • Quote
  • Apr 9, 10:06am (33 hr ago) Apr 9, 10:06am (33 hr ago)
Quoting Koop
{quote} Lol ballsy move scalping 1m with no stops. Must have been desperate
it is mt5, doesnt display stops or tp's like mt4. and not it is not the account i posted in the prop firm hub hahah, this one is the fxseed. when scalping 1m i dont really put stops, my first move is to go break even in seconds, not even minutes check my gu below and you'll see. unless i dont know how to make them been seen

Quoting snail69
Market structure, symmetrics, harmonics... GBPUSD - one whole harmonics pattern. That is it the reason I stayed in the trade. EURGBP - symmetics, AB=CD - my favourite {image} {image}
had the same entry and tp as your second gu trade, as for crosses i dont know how to trade them

good ones mate!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.jpg Size: 91 KB
market structure is all you need. check my thread
Quoting luckyvictor
Thanks nikosk0 and koop. I guess I do understand the rule, but what I need to work on is to train my eyes and get rid of bad/old habit. Btw, do u guys actually stay in front of the chart to catch opportunity or u have some sort of alert ? Not necessary a trading signal but early "reminder" to get back to chart
In essence I think nikosk0 in this thread trades ABC-patterns and will target a larger RR if the setups is in a strong trend. That means there is no immediate upside/downside noise for the price action. But as you show in post 282, price is inside a larger LL/HH and he would go for 1.5-2R runs (or step aside) because you are pretty much inside a consolidation.

I am having a slight a-ha moment because I have always been trading BO-patterns, and you can be profitable of course, but the best RR trades are in swings I think. Before I used to hate all pullbacks, but now I am trying to think in new ways that the deeper my pullback after a HH (long) is to the previous L, the better the opportunity. He has not said anything about entry technique, but I think he has something like 3 categories:

a) Previous zipper-areas (consolidation) and a pending order.
b) candle reversals with a trigger order (actually a break out)
c) higher timeframe confirmation entry on a higher timeframe (ex. if he trade 5m swings, then he look for the break of a 30m)

Maybe I can lure nikosk0 into confirming
Stonks only
  • Post #298
  • Quote
  • Last Post: Apr 9, 2:16pm (29 hr ago) Apr 9, 2:16pm (29 hr ago)
Quoting JD666
{quote} In essence I think nikosk0 in this thread trades ABC-patterns and will target a larger RR if the setups is in a strong trend. That means there is no immediate upside/downside noise for the price action. But as you show in post 282, price is inside a larger LL/HH and he would go for 1.5-2R runs (or step aside) because you are pretty much inside a consolidation. I am having a slight a-ha moment because I have always been trading BO-patterns, and you can be profitable of course, but the best RR trades are in swings I think. Before I used to...
i dont trade break-outs, i always wait the retest or accumulation at the break out with something like a cup pattern on ltf.

i dont have something specific for entry. only need a good strong break and a retest of the break. if the retest forms accumulation area i put my stop above the accumulation, if it goes one way fast i go break even fast.

be's are more than the wins i think.

in a sence, i let big players give me direction and follow them


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.jpg Size: 83 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.jpg Size: 110 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 46 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 78 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 119 KB
market structure is all you need. check my thread
0 traders viewing now