offering my system to copy trade. check my thread
- Joined Jul 2011 | Status: Member | 7,745 Posts | Online Now
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
96.8%
Forex Market Structure and Dealers 3 replies
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Market Structure Question 26 replies
DislikedWhen all good (properly set SL level), these trades yield about 4-6 x RR. {image}Ignored
Disliked{quote} That is why this works so well because with these kinds of R.R. you could probably lose 60 % of your trades and still make some money if you stick with proper money management. The truth is I have not lost a trade in about 3 weeks but I am not taking to many trades and just trying to cherry pick the best one's I can find. It's a great way to trade because you can literally hunt the levels you want to trade at before price even gets there. You can plan your entry stop loss and take profit ahead of time and use the trade management EA to calculate...Ignored
DislikedHi guys, I question that I have about market structure, Do you consider the structure to be broken when the price closes above previous structure or just when the wicks go higher or lower is valid, please see attached picture for clarfication. Im asking this because many times a see wicks rejection and the price continuo with the original trend and other times I see wick rejection the price pulling back and then continuo with the breakout like on the attached picture Thanks Kind regards {image}Ignored
DislikedHi guys, I question that I have about market structure, Do you consider the structure to be broken when the price closes above previous structure or just when the wicks go higher or lower is valid, please see attached picture for clarfication. Im asking this because many times a see wicks rejection and the price continuo with the original trend and other times I see wick rejection the price pulling back and then continuo with the breakout like on the attached picture Thanks Kind regards {image}Ignored
Disliked{quote} On your picture, there is no market structure above, because prices come from below. Therefore, the market structure, where you have the highs, on your picture, can only be broken to the downside. A move above would be a continuation instead, not a market break. And answering your question, for me, any level is broken just when prices reach it. No matter if the candles will close or not beyond it. Because the timeframes are completely arbitrary. Closing when? I would ask to myself. On the 1min tf, on the 15m tf, on the 15m 30sec and 25ms...Ignored
Disliked{quote} Yes you are correct move to the upside would be continuation and to the downside break of structure, just for the example is clear on the top. I tought the same because just going under even if is just the wicks is showing weaknees, the price is not been able to be supported above or below a certain level and yes many times we are going to have wick rejections but that is tradingIgnored
Dislikedanyone trading DAX here please? or dont mind to make a comment on its 'market structure' please? Been shorting it and want to swing it, it just returned immediately.... it is on H1 timeframe, never seen stock market playing like this before... https://www.tradingview.com/x/biGP7Piq/ {image}Ignored
Disliked{quote} waiting for the DOW to open in 1 hour, after the long weekend, something will move with OIL at new highsIgnored
Disliked{quote} if you dont get cocky (all of us do trust me) and keep doing what youre doing, it is a traders cheat code. be ware of cockiness (once i hadnt lost a trade in 3 months when i was trading for ftmo, i passed 2 challenges in a row and merged an account, then i went funded and made 18% in a month,last week of the month was my worst week during the time and i was break even, all my account metrix were straight lines up, 5 of them. next month i got cocky and lost the account)Ignored
Disliked{quote} Yes you are correct move to the upside would be continuation and to the downside break of structure, just for the example is clear on the top. I tought the same because just going under even if is just the wicks is showing weaknees, the price is not been able to be supported above or below a certain level and yes many times we are going to have wick rejections but that is tradingIgnored