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Trading Made Simple(r)

  • #10,581
  • Jun 21, 2025 1:48pm Jun 21, 2025 1:48pm
I hate to admit this, but early on in my trading, I didn't really understand what the word "Market Structure" REALLY meant in reference to a trading chart. I was just looking at a chart when I realized that I would NOT have taken certain trade because Price had a "Break of Structure", but it otherwise met all of my criteria for entering the trade. I am fairly certain that there are many other traders out there (especially newer traders) that would have taken that trade and lost because they didn't understand "Market Structure".

This is a VERY important aspect in trading. I was sitting here thinking about how I could best explain it for the traders that don't know what "Market Structure" is, and then I realized that I could get Artificial Intelligence (ChatGPT) to explain it. Here's the question I asked it, and the answer it gave me in about 2 seconds.

Me: Can you explain what "Market Structure" is on a chart in the trading markets?

AI: Absolutely. In trading, "structure" refers to the recurring patterns of highs and lows on a price chart that help define market direction, trend, and key decision zones.

What Is Structure in Trading?

Structure is how price action "builds" on the chart. It’s based on:

  1. Higher highs and higher lows in uptrends
  2. Lower highs and lower lows in downtrends
  3. Sideways or ranging movement in consolidation

Traders use structure to:

  1. Identify trends
  2. Spot reversals
  3. Set entries, stops, and targets
  4. Understand market sentiment

Example of Structure Types

Bullish Structure (Uptrend)

  1. Price forms:

    1. Higher highs (HH)
    2. Higher lows (HL)

  2. Indicates buyers are in control


HL → HH → HL → HH

Bearish Structure (Downtrend)

  1. Price forms:

    1. Lower highs (LH)
    2. Lower lows (LL)

  2. Sellers are dominant

LH → LL → LH → LL

Consolidation / Range

  1. Price moves sideways between a horizontal support and resistance
  2. No clear directional bias

Top: Resistance zone Bottom: Support zone

Why Structure Matters

  1. Helps confirm trend continuation or reversal
  2. Acts as a guide for stop-loss placement (below structure in uptrend, above in downtrend)
  3. Identifies liquidity zones where institutions may enter or exit
  4. Common foundation for price action strategies, market structure trading, and Wyckoff theory

Example in Use:

"Price broke above previous structure, made a new higher high, and then retested the old resistance as support — a bullish signal."

Always a Student, Never a Master - Emulate What Works
  • #10,582
  • Edited 3:11pm Jun 21, 2025 2:47pm | Edited 3:11pm
Quoting SwingMan
{quote} Me too! My comment was related to coded files posted in forum to help other members. As a programmer you will find everything you need in version 7.3.1. I have a problem with the source codes, e.g. version 7.3.1 has been downloaded over a thousand times, and I haven't seen any post from anyone using it as a model. {file}
Quoting RobinHood
{quote} Thanks for posting this indicator. It would also be helpful if it was 5 mov. avgs. instead of just 4 because then you could relatively easily place my favorite set of ema's on a chart. 3, 8, 21, 34, and 55 (ema's). Note: Just so everyone is clear, I don't use the RoadMap and my 5 ema's on the same chart at the same time. I place 2 of the same chart side-by side and I put the RoadMap on one and my set of ema's on the other. I only do this for the sake of "clarity".
Hi Everyone,

I'm not a coder or programmer and have never written any code in MQL4 before. With the advancement of AI tools freely available, and a bit of motivation from the legendary @SwingMan I managed to create a my first simple indicator to plot the 5 EMAs with different period settings, as mentioned by Robinhood in one of his recent posts above.

I'm sharing the template with the EMA settings posted today by Master Robinhood, along with the other recent indicators used. I hope this will be helpful to others.

Once again, a big thanks to

  1. Robinhood, for generously sharing his ideas and methods
  2. SwingMan, for converting those ideas into powerful tools to help even the laziest traders, and most importantly, for sharing the source code, which helped me a lot in understanding what the indicator is actually doing. Master , since your last post in this thread on Jan 05, 2025, I hope so many have benefited from this indicator and your excellent work.

Let’s keep learning and helping each other, because the more you share, the more you learn.

Stay happy and blessed always.

Best regards,
EN

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD.jpg Size: 554 KB
Attached File(s)
File Type: mq4 5EMAs_RBv1.01.mq4   11 KB | 245 downloads
File Type: ex4 APB_HA (auto-width) On_Off.ex4   17 KB | 225 downloads
File Type: ex4 Double Stoch.ex4   13 KB | 271 downloads
File Type: mq4 RHO-Pro-6.mq4   26 KB | 326 downloads
File Type: mq4 smTMMS Oscillator_v7.4.mq4   29 KB | 280 downloads
File Type: tpl RBMT4210625.tpl   9 KB | 238 downloads
  • #10,583
  • Jun 21, 2025 5:23pm Jun 21, 2025 5:23pm
Quoting Roscearm
{quote} why are you getting so confused my friend? For the Roadmap, RH has suggested few EMA values to play with. These are suggestions, like EMA 15, 18, 21, 34 with the source of Close, High and Low for the 3 line settings. He has also suggested to use/try different EMA values within the Roadmap settings to widen the "road" a bit. As different pairs may react to different levels, RH has requested to find the "best" levels for the instrument(s) you trade. Sometimes "One size" may NOT fit all. If you are planning to use...
I thought I explained quite clearly why I was confused; hopefully you have read the other posts and realized that he did post the wrong settings.

Your suggestion when using different EMA to all be of the close is really great, thanks for that.

And anyone just joining in, it's not about which EMA's you use, you must read the price action + market structure also.

It takes a lot for me to IGNORE you, but you can try.
  • #10,584
  • Jun 21, 2025 5:28pm Jun 21, 2025 5:28pm
Quoting RobinHood
{quote} I made a mistake on the settings. I apologize for the confusion. I have gone back and edited the post with the correct settings. I appreciate you finding the errors and pointing them out within the time limit that I can still edit the post. EDIT: I am using the: 15 ema, LOW, the 18 ema, CLOSE and the 21 ema, HIGH to create the RoadMap OR you could use the: 18 ema, LOW, the 21 ema, CLOSE and the 24 ema, HIGH OR you could use the: 31 ema, LOW, the 34 ema, CLOSE and the 37 ema, HIGH. *These settings change very little when they are used interchangeably...
Wow, on the 43" monitors, wait until you discover graphics cards with 4 ports, I have 2 x 27" and 2 x 24" monitors and no need of special Amazon gimmicks.

I knew something was going on with the charts posted.

Glad I was able to help with the clarification of the description of the settings; details matter.

Good Luck.
It takes a lot for me to IGNORE you, but you can try.
  • #10,585
  • Jun 21, 2025 6:08pm Jun 21, 2025 6:08pm
Quoting Erebus
{quote} Wow, on the 43" monitors, wait until you discover graphics cards with 4 ports, I have 2 x 27" and 2 x 24" monitors and no need of special Amazon gimmicks. I knew something was going on with the charts posted. Glad I was able to help with the clarification of the description of the settings; details matter. Good Luck.
I have 3 x42 inch monitors.....I need them for my old eyes....Blind in one eye and can not see out of the other.
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Ronnie Renko
  • #10,586
  • Jun 21, 2025 6:47pm Jun 21, 2025 6:47pm
Quoting Ced74
{quote} I have 3 x42 inch monitors.....I need them for my old eyes....Blind in one eye and can not see out of the other. {image}
Get your tape measure out guys, it's all very scientific

Inserted Video


PS: My TV is 83"
It takes a lot for me to IGNORE you, but you can try.
  • #10,587
  • Jun 21, 2025 10:13pm Jun 21, 2025 10:13pm
[quote=Erebus;15284916]{quote} Get your tape measure out guys, it's all very scientific
Inserted Video
PS: My TV is 83" [/quote

O.K I give up mate ,yours is bigger than mine.
Ronnie Renko
  • #10,588
  • Jun 22, 2025 2:49am Jun 22, 2025 2:49am
Ronnie Renko - love that name

  • #10,589
  • Jun 22, 2025 4:53am Jun 22, 2025 4:53am
Quoting RobinHood
I hate to admit this, but early on in my trading, I didn't really understand what the word "Market Structure" REALLY meant in reference to a trading chart. I was just looking at a chart when I realized that I would NOT have taken certain trade because Price had a "Break of Structure", but it otherwise met all of my criteria for entering the trade. I am fairly certain that there are many other traders out there (especially newer traders) that would have taken that trade and lost because they didn't understand "Market Structure". This is a VERY important...
I dont understand, so we cant "fly by the indicators"? Roscearm seems to enter by the indicators only and doesnt take any market structure analysis at all?
  • #10,590
  • Jun 22, 2025 4:59am Jun 22, 2025 4:59am
Quoting Roscearm
{quote} why are you getting so confused my friend? For the Roadmap, RH has suggested few EMA values to play with. These are suggestions, like EMA 15, 18, 21, 34 with the source of Close, High and Low for the 3 line settings. He has also suggested to use/try different EMA values within the Roadmap settings to widen the "road" a bit. As different pairs may react to different levels, RH has requested to find the "best" levels for the instrument(s) you trade. Sometimes "One size" may NOT fit all. If you are planning to use a single EMA value, then have...
Do u take any market structure analysis at all? Or u just follow the indicators?
  • #10,591
  • Jun 22, 2025 8:16am Jun 22, 2025 8:16am
Quoting MaDNess23
{quote} Do u take any market structure analysis at all? Or u just follow the indicators?
Post 10581 explains it very well.
  • #10,592
  • Jun 22, 2025 9:19am Jun 22, 2025 9:19am
Quoting RobinHood
{quote} That's correct, but it's the chance that I am willing to take as to not get screwed on every entry and every exit via the spread.
Thank you. Understand.

If you were to trade exclusively on the daily chart for EUR/USD and GBP/USD, that probably wouldn't provide enough signals to achieve a profitable result in the shorter term (after 1-3 months)?

When you trade the 4H charts, do you have specific times when you look for potential signals (e.g., only at the end of the day or at the beginning of the LO/NY session)?

Is the RoadMap also something that came later? I see Post1 uses an SMA and HMA in the chart.
  • #10,593
  • Jun 22, 2025 9:23am Jun 22, 2025 9:23am
Could someone take a look for the screenshot. These entries are correct?
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  • #10,594
  • Edited 11:23am Jun 22, 2025 10:34am | Edited 11:23am
Quoting Noisy
{quote} Thank you. Understand. If you were to trade exclusively on the daily chart for EUR/USD and GBP/USD, that probably wouldn't provide enough signals to achieve a profitable result in the shorter term (after 1-3 months)? When you trade the 4H charts, do you have specific times when you look for potential signals (e.g., only at the end of the day or at the beginning of the LO/NY session)? Is the RoadMap also something that came later? I see Post1 uses an SMA and HMA in the chart.
"If you were to trade exclusively on the daily chart for EUR/USD and GBP/USD, that probably wouldn't provide enough signals to achieve a profitable result in the shorter term (after 1-3 months)?"

For me it would be. Count how many Continuation Trades you see on these 2 EUR/USD and GBP/USD Daily charts. So only you can decide for you if there were "enough" trades, and would you have been profitable overall.
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Attached Image (click to enlarge)
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"When you trade the 4H charts, do you have specific times when you look for potential signals"

I no longer trade the 4 hr. charts as I don't like having to wake up 2 times a night to check out the charts.

"Is the RoadMap also something that came later?"

Yes
Always a Student, Never a Master - Emulate What Works
  • #10,595
  • Jun 22, 2025 11:05am Jun 22, 2025 11:05am
Quoting Hehehe
Could someone take a look for the screenshot. These entries are correct? {image}
The most basic answer is "maybe", but because you covered up the candles with the green lines I can't see the high's and lows of the candles.

I understand your question, but the first thing I would say is, the reason that I quit using Heikin Ashi candles (as you are doing on your chart) is because it's like a woman wearing a lot of make-up, you are not seeing the truth.

I used them for a long time, but I just couldn't stand not knowing exactly what the candles were truly doing (as in the: real highs, real lows, real bodies, real candle colors), and so I found myself constantly turning them off and then back on. They give you a false sense of the way the market is moving.

Otherwise, where I can see on your chart, on the image below, the yellow horizontal lines inside of the yellow circles is where I would have entered as I don't NEED the 3 ema to dip inside of the the 8 ema (or other ema's) for me to consider it to be a Continuation Trade...because in very strong trends it OFTEN doesn't.
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Always a Student, Never a Master - Emulate What Works
  • #10,596
  • Jun 22, 2025 1:11pm Jun 22, 2025 1:11pm
Quoting RobinHood
They give you a false sense of the way the market is moving.
Same impression here

Could you please share the currently recommended template and indicators you use for MetaTrader to trade Forex daily charts? Also, if possible, for TradingView. That would be great, thanks.
  • #10,597
  • Jun 22, 2025 1:45pm Jun 22, 2025 1:45pm
Quoting Noisy
{quote} Same impression here Could you please share the currently recommended template and indicators you use for MetaTrader to trade Forex daily charts? Also, if possible, for TradingView. That would be great, thanks.
lol. I don't fault you for asking, but I'm sorry, no. That would take up far too much of my time to do all that when much of it has already been posted here.

Aside from that, at this point, I don't have "currently" recommended templates and indicators per se as I use TONS of different ones and on different platforms, so for me to give you JUST ONE, and for 2 different platforms, that would be an injustice to you and others here. For charting, I sometimes use: MT4, MT5, TC 2000, TradingView, IB, Tradovate and NinjaTrader. And at least 2 different ones every day.

However, if you want to see templates and indicators that I have posted before, you can go to the top of every page in this thread and just under YOUR name there is a box that has a paper clip image with a number beside it, currently it's 5390.

Once inside of there, you click on my name (or anyone else's) and see all of the templates and indicators that I (and others) have posted, and you can download them from there.
Always a Student, Never a Master - Emulate What Works
  • #10,598
  • Jun 22, 2025 1:57pm Jun 22, 2025 1:57pm
Quoting RobinHood
{quote} lol. I don't fault you for asking, but I'm sorry, no. That would take up far too much of my time to do all that when much of it has already been posted here. Aside from that, at this point, I don't have "currently" recommended templates and indicators per se as I use TONS of different ones and on different platforms, so for me to give you JUST ONE, and for 2 different platforms, that would be an injustice to you and others here. For charting, I sometimes use: MT4, MT5, TC 2000, TradingView, IB, Tradovate and NinjaTrader. And at least 2 different...
Thanks. I will simply use what’s provided in post 1, remove the Heiken Ashi Candles and use the RSO indicator as you have mentioned in another post to me. I hope that’s enough to locate the entry points.
  • #10,599
  • Jun 22, 2025 2:30pm Jun 22, 2025 2:30pm
Quoting RobinHood
{quote} The most basic answer is "maybe", but because you covered up the candles with the green lines I can't see the high's and lows of the candles. I understand your question, but the first thing I would say is, the reason that I quit using Heikin Ashi candles (as you are doing on your chart) is because it's like a woman wearing a lot of make-up, you are not seeing the truth. I used them for a long time, but I just couldn't stand not knowing exactly what the candles were truly doing (as in the: real highs, real lows, real bodies, real candle colors),...
I stick with TMS(r) template #1 because that is like my wife ... my first love, marry the one you love and love the one you marry.

Price always take dominance when I trade, therefore I have them in the Foreground and I can turn off / on the APB and HA candles. The APB and HA candles have their reason to be there when I use them especially when trading the Daily and Weekly.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS(r) tpl#1 Foreground chart 23-6-2025 3-22-40 am.png Size: 32 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,600
  • Jun 22, 2025 2:35pm Jun 22, 2025 2:35pm
Quoting Noisy
{quote} Thanks. I will simply use what’s provided in post 1, remove the Heiken Ashi Candles and use the RSO indicator as you have mentioned in another post to me. I hope that’s enough to locate the entry points.

@Noisy

You have been trading for 10+ years, right ?

Its time to take stock of what you have learned in those 10 years.

Start your transformation journey now and then move on to your journey to financial freedom. You have some work to do.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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