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Market Structure Only- keep your charts clean

  • #741
  • Jul 8, 2021 8:32am Jul 8, 2021 8:32am
Quoting scherzi
{quote} Well done, it is good to establish a limit. My initial guess for today is that last Tuesday could be the high of this week. Currently EU presents a price equal to the daily open for EU on Tuesday. If we want to print a wick on top of this week's candle and Tuesday remains actually as the high of the week; then we need to drop prices down the current price to draw the candle's body. Otherwise we would have a doji. This guess is not a big deal but I am tracking USA markets today under this assumption trying to find signs of negative repricing...
if it goes to the high today i am sorting to get my weekly target
i too think the weekly will not close bullish.

and i too do this type of guesses with weekly and monthly candles. not often but i dot
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  • #742
  • Jul 8, 2021 9:05am Jul 8, 2021 9:05am
Quoting JauntyLoon
{quote} All of these diagrams are perfect examples of the usefulness of technical analysis in hindsight. Can you explain how to identify 'higher highs' and 'lower lows' PRIOR to them happening, because nobody can make money with hindsight.
Smh

Lmao. Just Lmao.
  • #743
  • Jul 8, 2021 9:12am Jul 8, 2021 9:12am
Quoting JauntyLoon
{quote} All of these diagrams are perfect examples of the usefulness of technical analysis in hindsight. Can you explain how to identify 'higher highs' and 'lower lows' PRIOR to them happening, because nobody can make money with hindsight.
See all my posts from today. All were made before the highs and lows were created. Nothing in hindsight.
  • #744
  • Jul 8, 2021 9:22am Jul 8, 2021 9:22am
Quoting scherzi
{quote} See all my posts from today. All were made before the highs and lows were created. Nothing in hindsight.
Okay
  • #745
  • Edited 10:26am Jul 8, 2021 9:29am | Edited 10:26am
Quoting JauntyLoon
{quote} All of these diagrams are perfect examples of the usefulness of technical analysis in hindsight. Can you explain how to identify 'higher highs' and 'lower lows' PRIOR to them happening, because nobody can make money with hindsight.
check here
https://www.forexfactory.com/thread/...8#post13617898

and the result + 38 pages of results.
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  • #746
  • Jul 8, 2021 10:23am Jul 8, 2021 10:23am
eu weaknes spoted, structure broken , retested, weekly target achieved

textbook trade
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  • #747
  • Jul 8, 2021 12:08pm Jul 8, 2021 12:08pm
Hi guys,

I see that you are talking about order block and ICT, there is a very good thread about all ICT concepts and strategy, they post recommended videos and everything

https://www.forexfactory.com/thread/...3#post13618283

The thread is still manageable 103 pages and people are very nice replying to questions and everything.

Im studying order block myself, called whatever at the end of the day is supply and demand zones that go in line with market structure.

Im still trying to find a way to separate good from bad order blocks

Kind Regards
  • #748
  • Jul 8, 2021 12:50pm Jul 8, 2021 12:50pm
Quoting Frag8383
Hi guys, I see that you are talking about order block and ICT, there is a very good thread about all ICT concepts and strategy, they post recommended videos and everything https://www.forexfactory.com/thread/...3#post13618283 The thread is still manageable 103 pages and people are very nice replying to questions and everything. Im studying order block myself, called whatever at the end of the day is supply and demand zones that go in line with market structure. Im still trying to find a way to separate good from bad order blocks...
This thread is equally excellent ! i second you
"Exchange of hands"
  • #749
  • Jul 8, 2021 9:12pm Jul 8, 2021 9:12pm
Quoting nikosk0
{quote} whats that histogram below? some kind of average slope? (i use 400 lma sometimes on 30m)
Nikosk0, it is reminder what day is, as certain things often occur on certain days at certain time.
Attached File(s)
File Type: ex4 S4T_DaysOfTheWeek.ex4   11 KB | 367 downloads
  • #750
  • Jul 9, 2021 1:01am Jul 9, 2021 1:01am
Quoting Frag8383
Hi guys, I see that you are talking about order block and ICT, there is a very good thread about all ICT concepts and strategy, they post recommended videos and everything https://www.forexfactory.com/thread/...3#post13618283 The thread is still manageable 103 pages and people are very nice replying to questions and everything. Im studying order block myself, called whatever at the end of the day is supply and demand zones that go in line with market structure. Im still trying to find a way to separate good from bad order blocks...
Great. However, overconfidence can kill you in trading. My personal notes on ICT include hundreds of pages. That is why I say that it is better to go directly to the source due to the high degree of immersion that this style requires.

Then one eventually goes back to the notes and always finds something to be corrected or improved.

But it is true that having a thread allows you to discuss with others and brainstorming can help a lot.
  • #751
  • Edited 3:37am Jul 9, 2021 3:27am | Edited 3:37am
AU + NU are like 90% coorelated.
now see the big difference structure makes in a 4hr most recent example.
if you need further clarifications let me know

one would have resulted in a loss for a tiny ammount
the other would have resulted in a very high RRR win if you waited for the entry
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bonus trade suggestion (NU)
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  • #752
  • Jul 9, 2021 4:53am Jul 9, 2021 4:53am
I am longing GU and EU, so i m seeing USD is weakening.
  • #753
  • Jul 9, 2021 5:06am Jul 9, 2021 5:06am
Quoting luckyvictor
I am longing GU and EU, so i m seeing USD is weakening.
looking good but it would be nicer to show a chart with your reasoning for doing so and your entry.
by looking and commenting at it from me or others you could improve your timing and entries witch is far more important than your exit.

starting a trade with 0 drawdown is really important and it is not impossible for us even though it is imposible for 99% of the traders
offering my system to copy trade. check my link
  • #754
  • Jul 9, 2021 5:31am Jul 9, 2021 5:31am
Quoting nikosk0
{quote} looking good but it would be nicer to show a chart with your reasoning for doing so and your entry. by looking and commenting at it from me or others you could improve your timing and entries witch is far more important than your exit. starting a trade with 0 drawdown is really important and it is not impossible for us even though it is imposible for 99% of the traders
your word is really encouraging and exciting, surely if i can start my trade with minimum drawdown, it would be easier for my psychology. My ultimate goal, hopefully i can improve myself by engaging in dicussion here, learn from you guys.

This morning i took GU long, because i see the BOS at the yellow circle area, hence the previous sell to buy candle is the zone of interest.

The top blue line is my initial TP, but I see the market is a bit slow, so I chicken out and take profit at the Liquidity pool

I mainly trade on 15min btw. There was time in the morning I though the trend would be down actually, when the price dropped again from 1.37840.

My difficult is don't know which OB is the dominated one,
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  • #755
  • Jul 9, 2021 5:34am Jul 9, 2021 5:34am
I have also traded the exhaustion move in UJ and AUDCHF as i said yesterday, but for small profit only, because is slow exhaustion move
  • #756
  • Jul 9, 2021 5:41am Jul 9, 2021 5:41am
Quoting luckyvictor
{quote} your word is really encouraging and exciting, surely if i can start my trade with minimum drawdown, it would be easier for my psychology. My ultimate goal, hopefully i can improve myself by engaging in dicussion here, learn from you guys. This morning i took GU long, because i see the BOS at the yellow circle area, hence the previous sell to buy candle is the zone of interest. The top blue line is my initial TP, but I see the market is a bit slow, so I chicken out and take profit at the Liquidity pool I mainly trade on 15min btw. There was...
ok you had a decent scalp entry
BUT
there was a better swing entry, you could take both trades at the same time sinve they were based on different timeframes
and they were practically different trades (same way you can trade both direction in the same pair)

well executed anyway and also, the yellow area doesnt mean much.
the only thing that matters at the yellow area is the liquidity that exists there and is bound to become food the the big money. so the bet would be for that area to break and take all retail who see it as support out of the equation (it ussually happens on the 3rd or 4th test of the area)
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  • #757
  • Jul 9, 2021 5:42am Jul 9, 2021 5:42am
This is my view on GU at higher TF
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  • #758
  • Jul 9, 2021 5:45am Jul 9, 2021 5:45am
Quoting nikosk0
{quote} ok you had a decent scalp entry BUT there was a better swing entry, you could take both trades at the same time sinve they were based on different timeframes and they were practically different trades (same way you can trade both direction in the same pair) well executed anyway and also, the yellow area doesnt mean much. the only thing that matters at the yellow area is the liquidity that exists there and is bound to become food the the big money. so the bet would be for that area to break and take all retail who see it as support out of...
Thanks for your comment.

One question from me, liquidilty is pretty easier to spot, however, when can we take the long entry and take this as TP? as it can keep on dropping before the big player decides to reverse and collect coins.
  • #759
  • Jul 9, 2021 5:45am Jul 9, 2021 5:45am
also there are some dudes who say it aint swing if you dont hold it for a week. fuck them
its all about timing, time your entry and you can get 100-200 pips in a day

thats a good swing

if you wanna have 100-300 pip stop and 300-500 pip target then you try to time it with the weekly and hold it for a month.
same rules aplly as in any timeframe
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  • #760
  • Jul 9, 2021 5:47am Jul 9, 2021 5:47am
Quoting luckyvictor
{quote} Thanks for your comment. One question from me, liquidilty is pretty easier to spot, however, when can we take the long entry and take this as TP? as it can keep on dropping before the big player decides to reverse and collect coins.
never.
trail the LTF structure untill it takes you out.
if it does take you out, wait for a deeper pullback and another structure shift to re-enter at a better price
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