Market Structure Only- keep your charts clean | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/NZD, GBP/USD

Similar Threads

Why your broker is your friend and your enemy 8 replies

Forex Market Structure and Dealers 3 replies

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

Charts, Charts, Charts! 1 reply

Market Structure Question 26 replies

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

Market Structure Only- keep your charts clean

  • #321
  • Apr 15, 2021 7:31am Apr 15, 2021 7:31am
Quoting nikosk0
{quote} yes, something like that. depending on the rr an the confirmation you may want you looks for an entry. 1.1975 or 1.198 are both good to sort for a swing type of trade. for a scalp on 5m i would like to see 1.1988. also need to manage the trade accornindigly, keep the trade open whilst it keeps making lowers lows and lower highs on smll timeframes and exit the moment we ee a higher high. so entrer either swing on 30m-4hr and trail based off 30m or wait for 5m entry and trail the 1m timeframe. something like that. IF it goes up for a retest....

Nik I don't think EURUSD is going to retrace that far, but GBPUSD already has, new Lower High.
  • #322
  • Apr 15, 2021 7:40am Apr 15, 2021 7:40am
Quoting Koop
{quote} Nik I don't think EURUSD is going to retrace that far, but GBPUSD already has, new Lower High.
GU (with pivots it is easier to spot- Fibonacci)
Attached Image (click to enlarge)
Click to Enlarge Name: 42436b626e4484c8b7749258fc65f1ee.png Size: 26 KB
Attached File(s)
File Type: ex4 SDX-TzPivots_v4.1.ex4   28 KB | 370 downloads
File Type: mq4 SDX-TzPivots_v4.1.mq4   41 KB | 370 downloads
  • #323
  • Apr 15, 2021 7:43am Apr 15, 2021 7:43am
Quoting snail69
{quote} GU
Yeah that's it. Already have a small order in, GBP hasn't been nice to me lately.
  • #324
  • Apr 15, 2021 7:45am Apr 15, 2021 7:45am
Quoting Koop
{quote} Yeah that's it. Already have a small order in, GBP hasn't been nice to me lately.
GU hasn't been much fun to trade as of late. Ranging like hell. And small ADR.
  • #325
  • Apr 15, 2021 7:45am Apr 15, 2021 7:45am
Quoting Koop
{quote} Nik I don't think EURUSD is going to retrace that far, but GBPUSD already has, new Lower High.
mate i have bullish bias on htf gu, i cant sort it.
i like 4hr to be clean to trade gu and right now it looks shit.
offering my system to copy trade. check my link
  • #326
  • Apr 15, 2021 7:58am Apr 15, 2021 7:58am
NU earlier this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: 698e45ba94415f455f4e7de7c3f19bfe.png Size: 41 KB
  • #327
  • Edited 10:06am Apr 15, 2021 8:56am | Edited 10:06am
Quoting nikosk0
{quote} yes, something like that. depending on the rr an the confirmation you may want you looks for an entry. 1.1975 or 1.198 are both good to sort for a swing type of trade. for a scalp on 5m i would like to see 1.1988. also need to manage the trade accornindigly, keep the trade open whilst it keeps making lowers lows and lower highs on smll timeframes and exit the moment we ee a higher high. so entrer either swing on 30m-4hr and trail based off 30m or wait for 5m entry and trail the 1m timeframe. something like that. IF it goes up for a retest....
Just sold EU at 1.1980 which happens to be the daily open as well. Let's see how this plays out.

Edit - dodgy price action close to 4pm UK time so got out for 13 pips.
  • #328
  • Apr 15, 2021 10:33am Apr 15, 2021 10:33am
Took a loss on my GBPUSD Short.
Let's see if I can get 3R on this EURUSD short.
Late entry, was busy nursing my Cable trade smh.

Attached Image (click to enlarge)
Click to Enlarge Name: _20210415_163144.jpg Size: 191 KB
  • #329
  • Apr 15, 2021 11:14am Apr 15, 2021 11:14am
anoying pa to say the least.

1.192 is what i want, am not being greedy....
offering my system to copy trade. check my link
  • #330
  • Apr 19, 2021 11:25am Apr 19, 2021 11:25am
Quoting Koop
Pretty annoying day. 3 successful but missed trades 1 loss. Just entered EURCAD short on 5m. 3R target. {image} ___________ Edit - SL moved to B.E with profits at 1.5R. {image}
Were u planning to take a short after it made LL?
  • #331
  • Apr 20, 2021 8:32am Apr 20, 2021 8:32am
Gold -- a nice structure on 15 min TF, after price stopped to move, I opted to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: f7d44f2adcce08fe6ae2567faf9a75cb.png Size: 14 KB
  • #332
  • Edited 12:33pm Apr 20, 2021 10:28am | Edited 12:33pm
Quoting snail69
Gold -- a nice structure on 15 min TF, after price stopped to move, I opted to exit. {image}
your exit was a decent buy as well. nice mate.

my work has caught up to me so i dropped scalping for now, i am at the screens once every few hours.
posted an idea on gu 4hr on cable thread, it now stands at 2r and waiting. it is good structure but not clean the way i like it for this thread. could prove usefull.
https://www.forexfactory.com/thread/...6#post13503276

edit for the image below
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 132 KB
offering my system to copy trade. check my link
  • #333
  • Apr 20, 2021 11:42am Apr 20, 2021 11:42am
GBPJPY seems to be going long after pull back. Similar setup like GBPUSD but seems to be already executing
  • #334
  • Apr 20, 2021 12:13pm Apr 20, 2021 12:13pm
its unfortunate that i didnt look at au daily and weekly charts, this was clean for 1.5r and trailing
i dint take it, i just saw the chart from another user and noticed the structure was there
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 68 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 66 KB


Quoting draliraza79
GBPJPY seems to be going long after pull back. Similar setup like GBPUSD but seems to be already executing
gj weekly is no playground mate. looks good but could turn bearish any moment. long 4hr looked ok but needed very good management.
if taken, i personally would only get maybe 1-1.5r out of this trade. half out at 2r and trailing stop at about 1r if managed correctly
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 86 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.jpg Size: 115 KB

i am interested in sorting it on 4hr-daily but i dont have a setup yet
offering my system to copy trade. check my link
  • #335
  • Apr 20, 2021 12:43pm Apr 20, 2021 12:43pm
I want to commend Nikosk0 for this awesome thread. Much respect for you. I have been trying to understand trading for the last 3 years and ultimately managed to get some headway using M and W patterns, but couldn't understand why so many of them used to fail. My eyes are trained well to read price action and also to look for highs and Lows , but obviously its is the identification of decent setup and trade management that matters (this is where I am working). Executed long on Gold today and worked very well. One quick question, do you really tend to take that HH or LL that appear after a run of up or downtrend. Sometimes, HH or LL appear as part of up trend or down trend. Do they vary in quality? Cheers.
  • #336
  • Apr 20, 2021 1:07pm Apr 20, 2021 1:07pm
Quoting draliraza79
I want to commend Nikosk0 for this awesome thread. Much respect for you. I have been trying to understand trading for the last 3 years and ultimately managed to get some headway using M and W patterns, but couldn't understand why so many of them used to fail. My eyes are trained well to read price action and also to look for highs and Lows , but obviously its is the identification of decent setup and trade management that matters (this is where I am working). Executed long on Gold today and worked very well. One quick question, do you really tend...
i do not understand the question if i'm honest. can you please demonstrate?
for screenshots i use lightshot if you dont have a specific tool
offering my system to copy trade. check my link
  • #337
  • Apr 21, 2021 4:10pm Apr 21, 2021 4:10pm
Anyone watching these higher lows? Still could break down to the higher 1.1950 - 80 area from here and still would not break the previous higher low but also looks good to the upside from here.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1042121.png Size: 50 KB
  • #338
  • Apr 21, 2021 5:21pm Apr 21, 2021 5:21pm
Quoting bluesurfx
Anyone watching these higher lows? Still could break down to the higher 1.1950 - 80 area from here and still would not break the previous higher low but also looks good to the upside from here. {image}
yeah had a sort on eu, took me out break even at current market price. till the first low you pointed out is broken we are still in an uptrend.

second low was a perfect pullback to a previous broken structure but i find eu way to extended for me to keep buying.

as long as price respects my lines on daily and 30m i will try to sell for a good 4-5r reversal but get fast break evens. we are in 370 pip move without a serious pullback, only time correction, that happens 2-3 times a year and "trend traders' love it. personally i prefer the choppiness of the the daily timeframe than the trendiness of it, plenty of opportunity for 30m and 5m trades there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_5.jpg Size: 59 KB
Click to Enlarge Name: Screenshot_6.jpg Size: 53 KB
Click to Enlarge Name: Screenshot_7.jpg Size: 167 KB
offering my system to copy trade. check my link
  • #339
  • Apr 22, 2021 8:58am Apr 22, 2021 8:58am
Quoting nikosk0
its unfortunate that i didnt look at au daily and weekly charts, this was clean for 1.5r and trailing i dint take it, i just saw the chart from another user and noticed the structure was there {image}{image} {quote} gj weekly is no playground mate. looks good but could turn bearish any moment. long 4hr looked ok but needed very good management. if taken, i personally would only get maybe 1-1.5r out of this trade. half out at 2r and trailing stop at about 1r if managed correctly {image}{image} i am interested in sorting it on 4hr-daily but i dont...
OMG......GBPJPY did went bearish and that too on 1hr.....how on earth did you see that coming.....brilliant
  • #340
  • Apr 22, 2021 1:01pm Apr 22, 2021 1:01pm
Quoting draliraza79
{quote} OMG......GBPJPY did went bearish and that too on 1hr.....how on earth did you see that coming.....brilliant
mtf analysis. if i saw that coming i would have traded it, i didnt get a setup tho, i prefered to sort gu than gj

also see how AU and EU fell off a cliff and i think they will keep droping along with gu.

now i have a swing setup on UC with potential to go a lot higher than my tp. (i have 4 buy orders on it. the first tp is what you see, the others are higher, i will traill all of them accordingly and take profits at some point to make this trade risk free)

its not that i am always right, we dont need to be 100% of the time correct. a good 1.5-2rr + 50-70% accuracy is morethan enough with good money management and trade management

also as i have said, all pairs are coorelated, i trade 1 at a time iotherwise i get distracted
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.jpg Size: 152 KB
offering my system to copy trade. check my link
0 traders viewing now