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Market Structure Only- keep your charts clean

  • #661
  • Jun 22, 2021 5:45am Jun 22, 2021 5:45am
Quoting yumnyap
{quote} Hi snail69, saw that you only trade on M5 TF. Can you explain why did you long on the lowest point instead of selling on the arrow that i've pointed at? What kind of confirmation was given before you took the long trade? Thanks in advance! {image}
Almost 100% I trade after London Open which often finishes either structure or harmonics. That was just before London Open - blue line and as you can see, shortly after LO a structure was finished, where I went long.
  • #662
  • Jun 22, 2021 7:28am Jun 22, 2021 7:28am
GBPUSD has broken its structure to down......sell in move 1min chart
  • #663
  • Edited 9:31am Jun 22, 2021 7:40am | Edited 9:31am
Quoting yumnyap
{quote} Hi snail69, saw that you only trade on M5 TF. Can you explain why did you long on the lowest point instead of selling on the arrow that i've pointed at? What kind of confirmation was given before you took the long trade? Thanks in advance! {image}
This time it is around New York open - red dotted line. Harmonics (Gartley, Bat, Crab) --> structure and entry.

Follow-up.
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  • #664
  • Jun 22, 2021 11:58am Jun 22, 2021 11:58am
i wanted so bad to take this trade. it was way past my scalping trading hours to do so though.
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offering my system to copy trade. check my link
  • #665
  • Jun 22, 2021 2:38pm Jun 22, 2021 2:38pm
GJ 4hr
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offering my system to copy trade. check my link
  • #666
  • Jun 22, 2021 7:54pm Jun 22, 2021 7:54pm
Quoting nikosk0
GJ 4hr {image}
You can see this as a trade on 5 minute to weekly at this level, It might hang here for a while as it is the first pair to get there but it looks pretty powerful !
  • #667
  • Jun 23, 2021 12:51pm Jun 23, 2021 12:51pm
Went long on EUR/USD. Let's see the outcome of the trade
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He bought? Dump it!
  • #668
  • Jun 23, 2021 12:54pm Jun 23, 2021 12:54pm
Actually LH is supposed to mean HL. Sorry for the mistake
He bought? Dump it!
  • #669
  • Jun 24, 2021 1:05am Jun 24, 2021 1:05am
Quoting ifurlan
Went long on EUR/USD. Let's see the outcome of the trade {image} {image}
there is a huuuuuuge problem on your 5m chart that might dont let it go higher.
for 5m it was a good tradefor 1.5r
your logic was correct but it conflicted with HTF witch is down
but the bsgest problem i think it was the time you took the trade.
london was closed, better avoid it
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offering my system to copy trade. check my link
  • #670
  • Jun 24, 2021 3:49am Jun 24, 2021 3:49am
Quoting nikosk0
{quote} there is a huuuuuuge problem on your 5m chart that might dont let it go higher. for 5m it was a good tradefor 1.5r your logic was correct but it conflicted with HTF witch is down but the bsgest problem i think it was the time you took the trade. london was closed, better avoid it {image} {image}
In this post you mention slow up fast down, so speed/rate of change of price is important in terms of trading?

How do you utilise it please?
  • #671
  • Jun 24, 2021 6:18am Jun 24, 2021 6:18am
Quoting luckyvictor
{quote} In this post you mention slow up fast down, so speed/rate of change of price is important in terms of trading? How do you utilise it please?
well, observation based, when price strugles to go up in this example, that most likelly means that big players aare not that interested.
and the only one who can actually move the market fast is big players or news (the lack of liquidity during the news in fact and not the big players)
so, slow up = not interested, fast down = big players are likelly sorting

but if you know your stuff around it is very easy to observe and participate in these moves.

pound news were about to come today
below my pound trade on gj, i just waited for the news, fear of lossing made the participants exit their positions and price moved fast were i wanted (and i've been trying to sort it for 3 days kept kicking me out but eventually i got the trade i wanted)

so, sometimes the structure may not have changed but the flow of the market makes you think twice about taking a certain type of trade. that is not always the case so in regards to structure it comes secondary (reason why i said "most likelly" )
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offering my system to copy trade. check my link
  • #672
  • Jun 24, 2021 7:36am Jun 24, 2021 7:36am
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I put this trade plan in on monday night, This is a 4hr chart but you can see it on all time frames from 5 min to weekly, each trade you see represents .33% of my account totalling 1%. stop loss is above structure and also a long term resistance. I did it this way because of the volatilty of this pair. I did not add to a losing trade and this was the plan all along and I have not changed it. I may close some out around the target and let some run but I have not won anything yet as the trade is not over.I was confident in the levels and conservative in the trade.
  • #673
  • Jun 24, 2021 8:04pm Jun 24, 2021 8:04pm
Quoting nikosk0
{quote} well, observation based, when price strugles to go up in this example, that most likelly means that big players aare not that interested. and the only one who can actually move the market fast is big players or news (the lack of liquidity during the news in fact and not the big players) so, slow up = not interested, fast down = big players are likelly sorting but if you know your stuff around it is very easy to observe and participate in these moves. pound news were about to come today below my pound trade on gj, i just waited for the news,...
I took a trade on GU and just before news it reached a precise point (88.1 fib) - surprise, surprise..... Was contemplating to enter short there, but decided to do other things instead watching the screen.
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  • #674
  • Jun 25, 2021 3:55am Jun 25, 2021 3:55am
Quoting nikosk0
{quote} ya know am experimenting with renko this days (not trading, just looking around) this was your trade {image}this was mine (my tp was set near at the bottom but i didnt wait that long, i exited when 1m structure started having trouble) {image} and this is eu is general {image} am just monitoring. it is premium tradingview if u wonder i dont know the other plan if they have it. you got to admit they do look a lot better. but they dont show the full price travel
Hi, which platform are you using?

Renko charts are interesting because they actually reflect the actual volume allocation in markets.

So if you know, for instance the ADR moves 100 pips for EU, you can set your renko chart to 25 or 30 pips and wait till price reaches an interesting level.
  • #675
  • Jun 25, 2021 5:00am Jun 25, 2021 5:00am
Quoting nikosk0
{quote} its on tradingview. atr based renko atr = 100 source = close
ok, ATR is a good choice. Using 100 you will less influenced by outliers.

There is some kind of autocorrelation in markets, you could also try the 5-day ART, the 60-minutes, etc...

Thank you.
  • #676
  • Edited 1:34pm Jun 29, 2021 7:34am | Edited 1:34pm
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This is still my trade from last week but I think I will close it shortly, all the yen pairs did pretty much the same thing , As you can see there could have been a few entries and exits and I could have made more money that way but the truth is this was pretty stress free trading , Plan the trade and trade the plan.

and
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here is a few hours later!
  • #677
  • Jun 29, 2021 8:47am Jun 29, 2021 8:47am
Quoting henn9
{image}This is still my trade from last week but I think I will close it shortly, all the yen pairs did pretty much the same thing , As you can see there could have been a few entries and exits and I could have made more money that way but the truth is this was pretty stress free trading , Plan the trade and trade the plan.
excelent work non the less. way to go! keep it up
offering my system to copy trade. check my link
  • #678
  • Edited 1:33pm Jun 29, 2021 1:19pm | Edited 1:33pm
harmonic heart pattern.
exact measurments differ depending on your drawing skillset
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  • #679
  • Jun 29, 2021 3:25pm Jun 29, 2021 3:25pm
US30 going down... but will form a new LowerHIGH before a LowerLOW.
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  • #680
  • Jun 30, 2021 2:28am Jun 30, 2021 2:28am
When all good (properly set SL level), these trades yield about 4-6 x RR.
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