Structure & Pattern Trading | Forex Factory

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Structure & Pattern Trading

  • #1
  • First Post: Dec 28, 2015 1:31pm Dec 28, 2015 1:31pm
Hi everybody,

I'm RyuShin, I trade market structure (or price action if you will) and harmonic patterns.

I have a thread in another forum but it's been kinda dead due to lack of active users or maybe my posts are not attractive.
I'm starting this thread to share my insights based on market structure and harmonics patterns with FF users.

I tried tons of different strategies to be profitable in trading but my results were always negative.
I started learning market structure and harmonic patterns on my own and finally became profitable.

I don't pay any attention to fundamentals, news and the like because my strategy negates those.

I hope to meet different traders on FF so that I can learn something and be better at trading. I hope you guys can learn something from me too

Cheers,
RyuShin
  • #2
  • Dec 28, 2015 1:47pm Dec 28, 2015 1:47pm
Structure and Pattern Trading Example.

Buy 1 - Fibonacci inversion buy at 161.8 (the golden number + hammer bar on the left).
Sell 1 - PSL. SL would be previous LH (lower high)
Buy 2 - Bullish gartley pattern.
Sell 2 - Bearish gartley pattern.
Sell 3 - PSL. SL would be D of the bat pattern.
Buy 3 - Bullish gartley pattern, which failed.

5 wins. 1 loss.

Note: PSL stands for Previous Structure Level.
Attached Image (click to enlarge)
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  • #3
  • Dec 28, 2015 2:21pm Dec 28, 2015 2:21pm
Structure and Pattern Trading Examples.

Sell (1) - PSL (Previous Structure Level), SL would be above the DT.
Buy (1) - ABCD completion at PSL. Open at BC inversion 161.8, SL would be below 200 fibonacci level.
Buy (2) - 2618 pattern completion.
Buy (3) - 2618 pattern completion.
Buy (4) - 2618 pattern completion.
Sell (2) - Bearish cypher completion.
Buy (5) - 2618 completion.
Buy (6) - Potential 2618 completion.

6 wins, 1 ongoing, 1 potential, no loss (so far).
Attached Image (click to enlarge)
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  • #4
  • Dec 29, 2015 2:41pm Dec 29, 2015 2:41pm
AUDCHF H4

It looks like the pair has broke some resistance. There's a DT (Double Top) that was broken, which has become PSL (2) so if the price comes back to the level, it is a buy chance for me.

There's other PSL (1) and there's an ABCD that completes in PSL 1 which may make the price go down. However it doesn't meet my criteria so I'll skip it.
Attached Image (click to enlarge)
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  • #5
  • Dec 29, 2015 3:23pm Dec 29, 2015 3:23pm
Interest rate cut? Nonfarm payrolls?

I don't care any about financial news.
Of course it affects and moves the market. However, it doesn't deter or dissuade my trading.

Here's why.
Attached Image(s) (click to enlarge)
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  • #6
  • Dec 29, 2015 3:59pm Dec 29, 2015 3:59pm
PSL (Previous Structure Level) Trading Example.
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  • #7
  • Jan 2, 2016 8:11am Jan 2, 2016 8:11am
Quoting RyuShin
AUDCHF H4 It looks like the pair has broke some resistance. There's a DT (Double Top) that was broken, which has become PSL (2) so if the price comes back to the level, it is a buy chance for me. There's other PSL (1) and there's an ABCD that completes in PSL 1 which may make the price go down. However it doesn't meet my criteria so I'll skip it. {image}
Price came back to PSL 2 (touched the DT) and it bounced back. This is why I like structure trading. It's easy to predict and set a trade up.
Attached Image (click to enlarge)
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  • #8
  • Jan 2, 2016 8:30am Jan 2, 2016 8:30am
Quoting RyuShin
Structure and Pattern Trading Examples. Sell (1) - PSL (Previous Structure Level), SL would be above the DT. Buy (1) - ABCD completion at PSL. Open at BC inversion 161.8, SL would be below 200 fibonacci level. Buy (2) - 2618 pattern completion. Buy (3) - 2618 pattern completion. Buy (4) - 2618 pattern completion. Sell (2) - Bearish cypher completion. Buy (5) - 2618 completion. Buy (6) - Potential 2618 completion. 6 wins, 1 ongoing, 1 potential, no loss (so far). {image}
Buy (5) was successful.
Attached Image (click to enlarge)
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  • #9
  • Jan 3, 2016 5:12am Jan 3, 2016 5:12am
Structure trading works on any time frame.
I use long time frames because I don't have time to look at charts all the time.

I created two examples of structure trading on recent EURUSD 15M.
There are some to point out but I point out few.
Attached Image(s) (click to enlarge)
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  • #10
  • Jan 4, 2016 10:37am Jan 4, 2016 10:37am
Quoting RyuShin
{quote} Price came back to PSL 2 (touched the DT) and it bounced back. This is why I like structure trading. It's easy to predict and set a trade up. {image}
The price came into the PSL 1. Look what happened. The price bounced just like I expected. I regret I didn't take this opportunity.
Attached Image (click to enlarge)
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  • #11
  • Jan 4, 2016 10:58am Jan 4, 2016 10:58am
Two potential bullish 2-618 patterns.
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  • #12
  • Jan 4, 2016 2:00pm Jan 4, 2016 2:00pm
Another example of channel breakout + PSL trading.
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  • #13
  • Jan 4, 2016 2:24pm Jan 4, 2016 2:24pm
Another example of PLS trading. PSL is powerful.
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  • #14
  • Jan 6, 2016 1:30am Jan 6, 2016 1:30am
Quoting RyuShin
Two potential bullish 2-618 patterns. {image} {image}
The one on EURNZD was successful. It didn't complete the 2-618 but PSL worked like a charm.
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  • #15
  • Jan 6, 2016 6:29am Jan 6, 2016 6:29am
Another example of PSL on EURUSD H1.
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  • #16
  • Jan 7, 2016 10:34am Jan 7, 2016 10:34am
EURUSD H1 moved almost exactly what I guessed. Unfortunately it did not filled my order so I couldn't make any profit.

Market structure tells you where to buy and sell.
Attached Image(s) (click to enlarge)
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  • #17
  • Jan 7, 2016 10:50am Jan 7, 2016 10:50am
USDCHF H1

Potential bullish and bearish cypher patterns.
The pair has been moving beautifully along with market structure.
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  • #18
  • Jan 8, 2016 2:37pm Jan 8, 2016 2:37pm
USDCHF H1

There was a little bit of pain but the bullish cypher was successful.
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  • #19
  • Jan 9, 2016 3:04am Jan 9, 2016 3:04am
EURUSD two potential scenarios next week.
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  • #20
  • Jan 9, 2016 5:22am Jan 9, 2016 5:22am
EURUSD H4

A trading idea.
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