Mastering Swing Trading using Market Framework

Quoting scsstnt

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{quote} {image} {image} Million Dollar Question We now have #1 followed by THREE (3) #2s At a certain point in time we always think that the preset low is the low we expect the market to paint with prices and candlesticks.This does not happens,for many reasons,I highlighted 3 areas,we take the fist low mark the level after candle on H1 closed and place vertical line,on lower TF we do look for 123 patterns to the left and present price action,if none is available,we wait.Price retraced up and came back down giving us the LH/LL...

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Quoting ToBeSure

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{quote} Three #2's ??? - that's really thrown me a "curve ball"! I'm going to have to really think about that I just thought the pattern was three consecutive lows (or highs), labelled 1, 2 and 3, that were evaluated against the higher timeframe trend line. I don't understand - in the context of your last chart, what (reason) makes them consecutive #2 lows? Thanks for your continued patience

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Quoting scsstnt

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{quote} No,we only have 1 white TL,what I mean is during its course in time I had drawn 3 to explain what happens at each point,we are seeing changes in market structure,the lowest low is where we at right now.Price action changes with time,structure will change and so does TL. {image}

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Quoting ToBeSure

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{quote} Ahhh! I get it now One of the original questions I was going to ask was from your earliest charts where you said "3 is invisible, I don't even know if price will get there". I really didn't understand what you meant by that and now I realise that you were really just enumerating the progression of the market structure! Dohh OK, I'm over that conceptual hurdle so now, I'll re-read the thread armed with that little bit more understanding and see where I get. Thanks so much for taking the time and...

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Quoting scsstnt

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{quote} That's quite ok my friend I have the time for trading :-) the interaction is superb,never feel left out.Nice meeting traders for all countries right here. You type excellent English BTW Cheers!

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Quoting ToBeSure

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{quote} You're an absolute gentleman!

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Quoting scsstnt

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XAUUSD - On the M5 TF 123 pattern exists,some unknown reason I can't get the chart uploaded - M5 now included,all 3 screenshots {image}{image} {image}

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Quoting 40PipsAlan

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{quote} Already on that one boss. My first attempt kicked me out for BE but looking good now. GU still giving me grief {image}

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Quoting ToBeSure

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Hi everyone, If you could take a look at the chart below, I'd like to understand the "Buy" arrow/decision. I've drawn a box around a bullish engulfing. Is that the reason for the buy signal. If so, is that always the trigger for a buy? Thank you very much! {image}

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Quoting 40PipsAlan

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{quote} Yes I would say the buy signal relates to the engulfing candle. The actual signal comes from the lower TF like M5 and M1 showing an uptrend and rejection of the H1 bottom at 3.

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Quoting ToBeSure

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Hi, What are the reasons for all of the thicker trend lines I have arrowed on the chart below. From what I can understand, the 1,2,3 points all fall below the trend line at the very top so, unsure what the other trend lines are for, if anything, and which timeframes they represent. Cheers! {image}

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