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Market Structure Question 26 replies

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Market Structure Only- keep your charts clean

market structure + reversion to the mean = killer combo for 3rr (4r if i had let it go to tp witch it did but i didnt wanna risk it against the trend)

Nfp helped get things going, as always.... (How many times have i told you that i dont care about news?)
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Quoting nikosk0
market structure + reversion to the mean = killer combo for 3rr (4r if i had let it go to tp witch it did but i didnt wanna risk it against the trend) Nfp helped get things going, as always.... (How many times have i told you that i dont care about news?) {image}
nice trade , I waited and took the opposite side, we'll see what happens,only time will tell

https://charts.mql5.com/28/959/eurus...al-group-2.png
Quoting henn9
{quote} nice trade , I waited and took the opposite side, we'll see what happens,only time will tell {image}
that is good one as well. i am on the buy side of USDCHF now, they are practically 100% inverse coorelated with EU

there is actually one slight problem with our trades. the way price made the pullback, so mean and fast could indicate a reversal to the upside again.
you sure have heard the "rally-base-drop" thing in forex. it looks like it, i dont trade it so i dont pay attention to it for now

in any case, a correction is due we should be safe for at least today

this is why one system is good but more are better.
no matter were the market is going we can trade both directions
Quoting nikosk0
{quote} that is good one as well. i am on the buy side of USDCHF now, they are practically 100% inverse coorelated with EU there is actually one slight problem with our trades. the way price made the pullback, so mean and fast could indicate a reversal to the upside again. you sure have heard the "rally-base-drop" thing in forex. it looks like it, i dont trade it so i dont pay attention to it for now in any case, a correction is due we should be safe for at least today this is why one system is good but more are better. no matter were the market...
If I had to guess they will drop it in the 50% area before the weekend, I may close it bye the end of the day either way, also almost all the U.S. pairs are in the same condition
Quoting nikosk0
{quote} that is good one as well. i am on the buy side of USDCHF now, they are practically 100% inverse coorelated with EU there is actually one slight problem with our trades. the way price made the pullback, so mean and fast could indicate a reversal to the upside again. you sure have heard the "rally-base-drop" thing in forex. it looks like it, i dont trade it so i dont pay attention to it for now in any case, a correction is due we should be safe for at least today this is why one system is good but more are better. no matter were the market...
BTW can I share just any chart with system or must it be naked ones like yours? Also, I've always had problem making screenshot show in my post. Dunno why and god, it is so embarrassing
Quoting MaryAnne
{quote} BTW can I share just any chart with system or must it be naked ones like yours? Also, I've always had problem making screenshot show in my post. Dunno why and god, it is so embarrassing
sure, as long as it based on structure.

download lightshot. take screenshot, save iamge to pc and upload it. i have posted more analytical directions some pages back
fooling around with paper trading once in a while (extreme risk is used). i'll try this on my live at some point
100k to over 2m in 26 trades and nearly 2 months (the trades were less because i take partial profits on it like in the current usdchf trade now for example. half is out for +237k rest is running)

builds up confidence in a sytem. then you only need to follow it on your live

you should try it
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and eu suggestion, keep sorting, do not take swing (not a good entry for swing, not good rrr), just take sort scalps till target is reached
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Quoting nikosk0
fooling around with paper trading once in a while (extreme risk is used). i'll try this on my live at some point 100k to over 2m in 26 trades and nearly 2 months (the trades were less because i take partial profits on it like in the current usdchf trade now for example. half is out for +237k rest is running) builds up confidence in a sytem. then you only need to follow it on your live you should try it {image}{image} and eu suggestion, keep sorting, do not take swing (not a good entry for swing, not good rrr), just take sort scalps till target is...
Hi, do you trade during Asian session? If not why , and which session do you prefer?.....cheers
Quoting draliraza79
{quote} Hi, do you trade during Asian session? If not why , and which session do you prefer?.....cheers
I scalp london only, i dont mind taking swings during assian but i never trade assian cause it is slow.

also it does so happens than in my timezone i wake up 2 hours before london open and go to bed when NY closes. Ny close is midnight here.

so yeah, no point in trading the assian for me
EURUSD bullish move is not stopping .......
Quoting draliraza79
EURUSD bullish move is not stopping .......
no trade is 100% guarranted but it is not near the stop loss yet. and htf structure is still bearish to my eyes

other than a system you need management to succeed
Hi nikosk0, is the commission (per lot) on the EA you posted the spread in pips?
Quoting nikosk0
{quote} no trade is 100% guarranted but it is not near the stop loss yet. and htf structure is still bearish to my eyes other than a system you need management to succeed
I think EURUSD on 15min has started to developed the structure, which if brown should give a nice sell
Quoting Chroniclez
Hi nikosk0, is the commission (per lot) on the EA you posted the spread in pips?
no. it calculates the spread on its own. you put the commition if you have one and it calculates it inside the risk. if you do not pay commitions, leave it at 0

Quoting draliraza79
{quote} I think EURUSD on 15min has started to developed the structure, which if brown should give a nice sell
brown?

in anycase, wait for london for best setups. 1.222 is they key area we do not want to break if we are taking sorts, the pivot / most revent swing high / fractal of importance (call it however you want)

OR if you are in such a hurry, you can sell now a small position (say 30% of the lot size you would like idealy) and if it goes against you, sort again near the stop loss (1.222) your full position. not the safest option but if you know how to do it it can work
Quoting nikosk0
{quote} no. it calculates the spread on its own. you put the commition if you have one and it calculates it inside the risk. if you do not pay commitions, leave it at 0 {quote} brown? in anycase, wait for london for best setups. 1.222 is they key area we do not want to break if we are taking sorts, the pivot / most revent swing high / fractal of importance (call it however you want) OR if you are in such a hurry, you can sell now a small position (say 30% of the lot size you would like idealy) and if it goes against you, sort again near the stop...
Hi boss, I meant break , it was a typo error. I have noticed that if one waits till 796 to 88 Fib level, although one can miss few trades but at this level one gets the best RR, sometimes even 4 to 5......thanks for your support bro, the way you have clearly shown the market structure is astounding , it has greatly improved my approach.....cheers
This is the weekly chart and you can see this set up on all usd/chf charts ,I have never really noticed anything quite like it before.
What do you think?


https://charts.mql5.com/28/993/usdch...al-group-2.png
Thanks for the reply.

May I know the usual pairs and timeframe that you trade?
Market is pretty choppy right now and lack of market structure.
Quoting henn9
This is the weekly chart and you can see this set up on all usd/chf charts ,I have never really noticed anything quite like it before. What do you think? {image}
i have similar but uchf tends to fake before the actuall move. it could break the lows before goin up. but since my trade is also based on the weekly i use small lots and if it drop further down (100 pips or so) i will add another buy

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Quoting Chroniclez
Thanks for the reply. May I know the usual pairs and timeframe that you trade? Market is pretty choppy right now and lack of market structure.
nicelly done and spoted. we stay away during those times

eu usdchf gu usdcad. my main focus is on eu ( say 50% of the time)
EURAUD is in retracement on 4hr chart .. a bearish swing move should come in few days
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  • Edited Jun 9, 2021 1:34am Jun 8, 2021 3:43pm | Edited Jun 9, 2021 1:34am
Quoting draliraza79
EURAUD is in retracement on 4hr chart .. a bearish swing move should come in few days
i dont trade EA but daily says long to my eyes.

again, focus on a few pairs and master them. if ea is one of them for you then good.

if you want to sort it then by all means do it and forget my view, it is not of the ones i trade so i could very well be wrong.small edit here, my chances of being wrong are higher than usual because it is a pair i do not trade.

good luck.
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