Mastering Swing Trading using Market Framework

Thanks for pointing this out. I see what you mean! I've sort of got the idea in my head now but, it seems like it will take a bit of practice to apply to the charts. It's not so obvious when I do it!

How many pairs do you monitor like this? Cheers.

On HTF like H4 after 2 contacts anything can happen lol.....3rd contact amazing reaction at times

Good question,I try trading alot but the focus spread too wide,it better to trade maybe 2-3 instruments when you now begin,the win rate is high as long as you perform good analysis. GBP pairs.....XAUUSD,more high volatility and volume is good I trade on Deriv platform Volatility indices,you can use on any.

Also worth checking out the daily chart and adding horizontals at the swing points too.

That will keep historical prices in memory,sometime again we'll need to know when,why and how very good,there is your answer

When trading USD pairs and the dangerous yellow metal - combined base/quote currency,its necessary having these charts opened and monitoring all week long,you'll understand the market behavior more and more.

Just reviewing some history on GU H1 charts and looking at engulfing candles from a M5 and M1 perspective. This attached pic is interesting in that it shows an engulfing H1 candle rejecting our H1 TL. Price comes back to retest the zone on numerous occasions and it takes over 8 hours to actually take off long. I am not sure if these small zone retests of 15-20 pips are tradeable for people not constantly chart watching unless we use a break even EA or similar. But the best entry is after the H1 engulfing candle high.

Engulfing candles at various time frames they are powerful levels identified can be a game changer for intraday trading or even long term positions.Rejections at LH retesting LL in uptrend and downtrend usually indicates price is moving in it trend like path.You can trade it on H1 or H4 successfully or scalp LTF rather,since you might have time sitting down at the pc,but not all the time.

It such a trend the risk is reduced by placing SL at previous swings,your draw down shall mostly be retracement to HH from LH structure
Imagine what those bullish engulfing patterns look like on M1-M5,many opportunities from 10+ pips per day.....

On Monday, traders will mainly focus on the German inflation data. Usually, Monday is an ordinary trading day, but after the symposium, the week may start very actively. It is a bank holiday in the United Kingdom on Monday.

1. Germany Consumer Price Index (m/m) at 15:00 (GMT+3);
2. Pending Home Sales (m/m) at 17:00 (GMT+3).

Uk bank Holiday Monday. More chart time for me then.

We have too much holidays here,people get lazy ,at least for those who still got a job,none of which are Bank Holidays.This coming Tuesday is Independence day

Just playing with the beast that is Bitcoin seeing as its open 24/7. This thing is all the place but still managed +1787 whatever that means in pips.

How to tame the beast,check out Alan's post,very good 24/7 means greater frequency.I think that total is 178.7 pips if 10 points refers to 1 pip on the platform.

Just adding some boxes of interest to the BTC H1 chart with some D1 horizontals. Insets are from the M5

That photo is perfect to be printed framed and placed on the wall

XAUUSD : Mark the level 1799/1818.89 ,I will up update more later

UPDATE: 20 pips SL - 3:1 ratio TP hit,last image tells the story

THE US FEDERAL RESERVE'S MONETARY POLICY REMAINS UNCHANGED
Jerome Powell’s speech became the main event of the last week following the annual Symposium in Jackson Hole. Mr. Powell said that as long as the labor market remains substantially sluggish and the pandemic continues, tightening the monetary policy could be a premature mistake. In other words, the soft monetary policy remains the same. The Fed Chairman also added that the spread of the Delta strain poses a short-term risk to economic growth and said that the Fed remains optimistic about economic recovery. Nothing was said about the timing of the end of the QE program. Discussions are still ongoing, and this issue will depend on economic and health care risks. However, Powell noted that if inflation remains high, the Fed will undoubtedly take action to reduce price pressures. After it became known that the QE program was not planned to be cut in the nearest future, the main US stock indexes sharply jumped and closed the day at the maximums. At the close of the trading session, the Dow Jones increased by 0.69%, the S&P 500 index increased by 0.88%, and the NASDAQ index jumped by 1.23%. The rally continues.
On the other hand, the market indicator of billionaire investor Warren Buffett, who compares the stock market valuation with the size of the US economy, reached 205%, which indicates a huge overvaluation of stocks. This indicator has accurately predicted the impending collapse several times. It reached a record high during the dot-com bubble and was also high before the 2008 global financial crisis. And both times it remained below 150%.
During the testing of the distance on one charge, Lucid Air's first electric car traveled 445 miles and outperformed its Tesla Model S competitor (405 miles). At the same time, Lucid Air representatives said its Air Dream model can reach 517 miles on a single charge. But the cost of the car from Lucid Air is a little bit higher - $169,000. It looks like Tesla has a serious competitor.
European stock indices finished last week in the green zone. At the end of the week, British FTSE 100 added 0.8%, German DAX added 0.2%, French CAC 40 increased by 0.2%, Italian FTSE MIB increased by 0.2%, and Spanish IBEX remained the same. The consumer confidence index in France decreased by 1 point in August compared to the previous month. Germany’s import prices jumped by 15% in July compared to the same month last year and 2.2% in the previous month. European inflation data is expected this week.
Oil prices fell and rebounded from a 3-week high amid a powerful hurricane in the Mexican bay. Gasoline prices in the US increased by more than 3% as a power outage shut down the Persian Gulf Coast refineries. Analytical firms still expect oil prices to rise by the end of the year.
Gold and silver prices jumped on Friday as the Federal Reserve maintained its soft monetary policy. Until the Federal Reserve announces cutting its QE program, precious metal prices tend to rise.
The broadest index of Asia-Pacific shares outside of Japan, MSCI, jumped to a two-week high on Friday, Japan's Nikkei 225 added 0.46%, Australia's ASX200 added 0.2%, Korea's KOSPI increased by 0.25%, but China's blue-chip index CSI300 lost 0.26%. Japan is exploring the possibility of mixing AstraZeneca's COVID-19 vaccine with vaccines developed by other drugmakers in an effort to speed up vaccine introduction. Japan is struggling with the worst wave of infections caused by the Delta version, and for the first time this month, the number of new daily infections exceeded 25,000. In Japan, 54% of the population is vaccinated with at least one dose, and 43% are fully vaccinated. Japanese prime ministerial candidate Fumio Kishida is calling for a huge stimulus package in the amount of several tens of trillions of yen to maintain the pace of economic recovery.

GBPUSD - 6 pips SL > 18+ pips TP - 3:1 RR

Nice going boss. I still have a long way to go obviously as I am shorting gold at the mo with the H1 TL rejection.