Market Structure Only- keep your charts clean | Page 36 | 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

  • #701
  • Edited 3:23am Jul 7, 2021 2:58am | Edited 3:23am
Quoting scherzi
{quote} find a certain order book configuration
been working on it for more than 6 months. i only found 1 configuration that should work 100% but its so rare that i dont even look at it (has happened twice and resulted in massive moves but the moves took 3-5 weeks to happen)

Quoting luckyvictor
anyone 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}
2 entries on your chart. take that kind and forget about a swing. it could keep goin up for another year
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 100 KB

Quoting Frag8383
Guys perfect example of what i was talking about, I use 2 timeframes, higher timeframe 5 min actual chart and entries on the lower timeframe 1 min chart. I dont like to look at more than 2 timframes beacuse if I look at more I never take a trade 1 up the other down then another up and I dont know what to do. So for me trend direction the next higher timeframe up or the next next higher, I never go more than 2 timeframes above the entry one because then is disconnected to the entry chart. Anyway on the attached picture you can perfectly see what...
that was choppy price not the kind i personally like and if anything i would not sort that kind of a retest

Quoting henn9
{image}another good move today!{image}UPDATE ! TOOK SOME PROFIT ON THE FIRST TRADE AND I THINK i'LL CLOSE THE SECOND ONE SOON.
your killing it, keep it up
offering my system to copy trade. check my link
  • #702
  • Jul 7, 2021 3:24am Jul 7, 2021 3:24am
Quoting nikosk0
{quote} been working on it for more than 6 months. i only found 1 configuration that should work 100% but its so rare that i dont even look at it (has happened twice and resulted in massive moves but the moves took 3-5 weeks to happen)
Exchanges basically move prices to non-recently traded areas (aka breakouts) to take orders from there and allocate these orders somewhere else.

For instace, after a breakout to the upside, it should be expected a reallocation to the downside so that the market is selling from the highs down to the lows. When prices reach the low areas by breaking down old lows, then you should expect the exchange buying at lower prices and allocating these orders up to higher prices, making profits along the way.

But since big pockets require gradual delivery, you usually expect them being buying as prices fall down and then selling as of prices start to move up back again.

And that is the main game. The market structure breaks after the runs are good indicators of the price template for me. If price comes back below the 50% of the range between the lows or highs run and the higher high or lower low formed after the market structure break, then you have a setup.
Attached Image (click to enlarge)
Click to Enlarge Name: ec5e62a24e66a90837812e26d96f547c.png Size: 163 KB
  • #703
  • Jul 7, 2021 3:27am Jul 7, 2021 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: c123e7f1cb4515544bb6a6d667c8825b.png Size: 187 KB
  • #704
  • Jul 7, 2021 3:33am Jul 7, 2021 3:33am
And then, after the setup that is the higher timeframe context, you find your lower timeframe replica.
Attached Image (click to enlarge)
Click to Enlarge Name: d58bec50f8d3a1e63aaa2fb52e6c77d3.png Size: 174 KB
  • #705
  • Jul 7, 2021 3:36am Jul 7, 2021 3:36am
Didn't you say "below 50%"?

Yes, indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: 18e5da8efd8e2297895365c4d87be730.png Size: 168 KB
  • #706
  • Jul 7, 2021 8:42am Jul 7, 2021 8:42am
Quoting nikosk0
{quote} been working on it for more than 6 months. i only found 1 configuration that should work 100% but its so rare that i dont even look at it (has happened twice and resulted in massive moves but the moves took 3-5 weeks to happen) {quote} 2 entries on your chart. take that kind and forget about a swing. it could keep goin up for another year {image} {quote} that was choppy price not the kind i personally like and if anything i would not sort that kind of a retest {quote} your killing it, keep it up
My short got trapped by DAX again, today even run over the high of yesterday, dont understand how the stock market can have such a big range.

Order block doesn't seem to work on index
  • #707
  • Edited 5:42am Jul 8, 2021 3:54am | Edited 5:42am
Just another example from today's M5 GU chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 3795d7af212528029b562032ec425865.png Size: 68 KB


[edited]
I leave this here for the records. It is important to take a sound decision about how to exit before entering. You would not have exited at the recommended area, now you would be underwater.

Attached Image (click to enlarge)
Click to Enlarge Name: 13d920d3f3582db5f0f9503a5c599d27.png Size: 47 KB
  • #708
  • Jul 8, 2021 4:07am Jul 8, 2021 4:07am
Quoting scherzi
The wicks just imply that most of the trading took place at another level that, at a certain moment, run out of orders and that caused a momentary shift in prices (the wick) that were finally allocated within the original body of the candle. So, when prices will return back to that wick area, you will mostly see a lack of interest there and prices moving either back to the prior body area or to a new area beyond that wick.
Quite on the contrary. High and low of a candle define the range of trading during a period of time, the body is simply defined by 2 prices at fixed points in time - the price at those precise moments is more or less random somewhere inside that range (unless you have a strong trend across the candle). Where "most of the trading" took place cannot be seen from the candle itself, you either need to switch to a lower time frame, or have some tick histogram available.
  • #709
  • Jul 8, 2021 4:10am Jul 8, 2021 4:10am
Quoting luckyvictor
{quote} My short got trapped by DAX again, today even run over the high of yesterday, dont understand how the stock market can have such a big range. Order block doesn't seem to work on index
Sure?

Attached Image (click to enlarge)
Click to Enlarge Name: 655c0bec14a307df733ec9d8509064ff.png Size: 95 KB


Attached Image (click to enlarge)
Click to Enlarge Name: b065984b44ae60c3a8a25ce280e48e67.png Size: 75 KB


Even on the 1-min TF.
Attached Image (click to enlarge)
Click to Enlarge Name: 05ba806dc6fbb4cd0fbaad85ffbdb9f2.png Size: 80 KB


Also, liquidity areas do not require being completely filled along the whole range, no matter if you try to find order-blocks or anything else.
  • #710
  • Jul 8, 2021 4:31am Jul 8, 2021 4:31am
So, reached the liquidity pool, you have your retracement and the end of the subcycle in progress.

The hedging program starts and the expansion can continue if required.

Notice that most of the time order-blocks exist at both sides of the market, therefore your work is to study which one holds the orders being allocated atm into the next liquidity area.

Attached Image (click to enlarge)
Click to Enlarge Name: 3bdcca8cc9ac92e356b19f4e94e8a424.png Size: 94 KB
  • #711
  • Jul 8, 2021 4:36am Jul 8, 2021 4:36am
Quoting scherzi
{quote} Sure? {image} {image} Even on the 1-min TF. {image} Also, liquidity areas do not require being completely filled along the whole range, no matter if you try to find order-blocks or anything else.
love the fact that you took over explaing stuff over me koop and others.
thanks!
offering my system to copy trade. check my link
  • #712
  • Edited 5:14am Jul 8, 2021 4:41am | Edited 5:14am
It can go up. But what if it fails (again) to hold prices above and releases an accumulation program right now?

Attached Image (click to enlarge)
Click to Enlarge Name: 54beb8422e5a9640e1bbf4359a61806a.png Size: 85 KB


See the OB working.
Attached Image (click to enlarge)
Click to Enlarge Name: 5717678d1389339b3de905a0e890209a.png Size: 41 KB

Would your risk this?
Attached Image (click to enlarge)
Click to Enlarge Name: 0690bbfbe6a78f04afb02bdac716f84a.png Size: 100 KB

This is not a technical analysis problem, but a decision-making system.

What about this alternative?
Attached Image (click to enlarge)
Click to Enlarge Name: e6438f57f235909f892465c083cdc41a.png Size: 102 KB


The OB is working, but will you hold it till the target level?

Why not taking partial profits?
Attached Image (click to enlarge)
Click to Enlarge Name: 14aa2c21b4cdcdc8226d3c3250ff1df3.png Size: 95 KB


Enough?
Attached Image (click to enlarge)
Click to Enlarge Name: 5dd45755970bb7ee81bfc672cb1b2717.png Size: 95 KB
  • #713
  • Edited 5:28am Jul 8, 2021 5:02am | Edited 5:28am
DAX 15-tick chart (~20 seconds chart).
Attached Image (click to enlarge)
Click to Enlarge Name: 3ca206cbc6ebe1a089a54b31db5eb558.png Size: 116 KB


I just wanted to share a few examples.

However, and as a conclusion, ICT order-block study requires a lot of years to be understood. I have been posting these messages sequentially in real-time on the 1 minute chart just to show you that it is not just hindsight. But believe me when I say that I do not recommend this approach as a general-purpose system unless you have a lot of years and money to devote to it before seeing any plausible progress.

Unfortunately it is a really complex subject. I think that just studying market structure breaks over extreme prices and how to enter upon retracements after it offers a more feasible technique to view your charts.

With order-blocks and analogue market flow structures, ~99% of the aspiring traders, I can bet they are not going to make it no matter how hard they try. It is my sole opinion and I am not even going to discuss about it. It is just a free warning.
  • #714
  • Jul 8, 2021 5:05am Jul 8, 2021 5:05am
Quoting nikosk0
{quote} love the fact that you took over explaing stuff over me koop and others. thanks!
np, I have just being tracking the thread for a while, and I appreciate your task.
  • #715
  • Edited 5:33am Jul 8, 2021 5:17am | Edited 5:33am
Adding fibos...

We only guess, what if...

Attached Image (click to enlarge)
Click to Enlarge Name: a9839cae07996ba75fe26eab9efe8fda.png Size: 57 KB


So finally, this range expansion collapses the typical ICT OTE setup.

Attached Image (click to enlarge)
Click to Enlarge Name: 21d94ef940a3554820a9616f14ea3850.png Size: 56 KB


And this would be a reasonable level to close and exit the trade or just close 90% of it and start trailing.
Attached Image (click to enlarge)
Click to Enlarge Name: 14e6fcd0bacc1b5a13f77a02d275057f.png Size: 56 KB
.
  • #716
  • Edited 6:31am Jul 8, 2021 5:51am | Edited 6:31am
Quoting mfeldt
{quote} Quite on the contrary. High and low of a candle define the range of trading during a period of time, the body is simply defined by 2 prices at fixed points in time - the price at those precise moments is more or less random somewhere inside that range (unless you have a strong trend across the candle). Where "most of the trading" took place cannot be seen from the candle itself, you either need to switch to a lower time frame, or have some tick histogram available.
The volume generally is/was inside the body. I hope this makes more sense. Therefore, most of the negotiation takes place inside it as a general rule of thumb. Therefore we may expect bodies to act as contrarian structures more ofthen than wicks, since the volume required to fill the pending orders is more likely to be found within these bodies.

You can subtract from you bodies adjacent wicks to find better entry points as well due to the fact that when a wick runs next to a body candle, it is more likely to reflect a sign of volume exahustion. I have already posted a few examples above of this situation and, if you verify it now, the last 1min setup on DAX is based upon that supposition.

When I place the setup, my guess is that the computer program that changes the prices of this market is going to trigger the negative repricing template at an area close to the last sellside level, that it was, for me, the area of this specific wick. And that is why the setup lies just a few poins below it to absorb the spread. An area where short positions dominated in the middle of a more general buyside throughput at that moment.

Attached Image (click to enlarge)
Click to Enlarge Name: 841217ed1df90baa50ffeb7d9d98f428.png Size: 93 KB


Sorry for the edits.

Think that no one is changing the prices here except a program configured for doing that using limits (time is a constraint, volume is another) over functions. So if you assume that human activity and therefore the products derived from it, including the parameters of the program that is changing price are related to the human activity, something in between the opening and close time of a cycle must reflect the equilibrium. Limits are resolved using equations many times over several transformations. For a function that is continuous inside an interval, you need to derive it and get a value that makes that function equal to zero to find optimal solutions.

If the program exits a function or method at t1, I think we can assume the value found at t1 should be something close to 0- or 0+. And that is why I think that the idea of the volume lying within the body is more plausible than the opposite one. Because the equilibrium in a market (the optimal level) is found where volume is higher than the open interest basically so that price will stay idle there.

If you are not accostumed to IT, this may offer additional details:

https://dl.acm.org/doi/pdf/10.5555/1882723.1882756

Another interesting read.
https://www.bis.org/publ/mktc13.htm
  • #717
  • Jul 8, 2021 6:11am Jul 8, 2021 6:11am
Quoting scherzi
Just another example from today's M5 GU chart. {image} [edited] I leave this here for the records. It is important to take a sound decision about how to exit before entering. You would not have exited at the recommended area, now you would be underwater. {image}
took the same trade as you for GU. Once TP, I immediately took a short from 1.37859 to TP at 1.37660. Was very happy with the trade today.

thanks for starting this thread nikosk0. I’ve learnt a lot. Used to trade all sorts of pairs. But now I only trade GBPUSD. 2 wins today!
  • #718
  • Jul 8, 2021 6:47am Jul 8, 2021 6:47am
Quoting yumnyap
{quote} took the same trade as you for GU. Once TP, I immediately took a short from 1.37859 to TP at 1.37660. Was very happy with the trade today. thanks for starting this thread nikosk0. I’ve learnt a lot. Used to trade all sorts of pairs. But now I only trade GBPUSD. 2 wins today!
I took GU too today. EU was better in fact but I felt more comfortable with the structure offered by GU today.

I always look at both at the same time and then decide in the last minute which one to take, either EU or GU.
  • #719
  • Jul 8, 2021 6:47am Jul 8, 2021 6:47am
scherzi this trade is for you.
ICT OTE apllies perfectly althought i dont know exactly the system to actually trade it the way ICT does since i have focused on my own
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_4.jpg Size: 71 KB
Click to Enlarge Name: Screenshot_1.jpg Size: 97 KB
offering my system to copy trade. check my link
  • #720
  • Jul 8, 2021 7:09am Jul 8, 2021 7:09am
Quoting scherzi
{quote} I took GU too today. EU was better in fact but I felt more comfortable with the structure offered by GU today. I always look at both at the same time and then decide in the last minute which one to take, either EU or GU.
Also took GU.
Attached Image (click to enlarge)
Click to Enlarge Name: 3cdc4f9caa5f560d77e52f92931bbe5d.png Size: 74 KB
0 traders viewing now