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Market Structure Only- keep your charts clean (Market Structure Only- keep your charts)

author EAcpu | 2 reads | 0 comments |
Thread rules
1. Read the full article before asking silly questions like (hindsight is always good) We often post and discuss our trades before trade ideas and structural shifts occur.
2. After reading the entire article, feel free to ask all the questions you want. As you progress through the topic page, other members of the forum working on similar styles may come up with some more advanced or refined techniques based on my structure and explain a lot of it.
3. I may have started this thread, but I have received a lot of support from other members who have either learned to trade like this in just a few months or have already traded this system. They help this thread grow (koop, snail69, shcertzi, etc. come to mind). respect them
4. Please don't post pictures with stupid indicators on the chart (if it's below the chart, that's okay), the concept is very simple and you don't need them, when asking for advice we want to see your charts clean

trading rules
1. Never risk more than 1% of your account on a single trade. If you think you don't have enough funds, go to a self-employed company and get funds
2. With this system you can get 2 good and clean transactions every day and you will look for them individually. If you win 1 of them (worst case scenario), +0.5% for the day. There are 220 trading days in a year. If you dreamed of becoming a millionaire with just $1,000, forget it
3. Don’t be greedy, you will lose everything
4. Only conduct 1 trade or 1 swing and 1 scalp trade at a time, never 2 swings or 2 scalp trades. All pairs are related
5. First, focus on a pair and understand their behavior. A lot of people here trade GU, I prefer eu, but you can trade eurnzd, it doesn't matter as long as you understand its behavior and what level it respects

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What is market structure? Higher highs, higher lows, lower highs and lower lows I guess you've seen this on youtube Now, I don't post signals or live trades, it's up to you to do that and I'm not responsible for anyone's wealth or death.
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The same rules can be applied to breakout trading, but they are not interesting for this topic and it requires too much screen time
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buying rules,
1. We want to see higher highs, called HH from now on
2. We want to see a retest of the lows
3. We either wait for confirmation or buy directly
4. Stop loss below previous swing low
5. tp is 1.5rr (don’t be greedy B@ST...RS) Although you will find that with this system and patience, 3r trades are possible, sometimes even 7r+, but 1.5r gets you into the game and as you learn the game you can aim for more

sales rules
1. We want to see a lower low (LL)
2. Wait for retesting the high point
3. We either wait for confirmation or sell directly
4. Stop loss above previous swing high
5. tp is 1.5rr (don’t be greedy B@ST...RS) Although you will find that with this system and patience, 3r trades are possible, sometimes even 7r+, but 1.5r gets you into the game and as you learn the game you can aim for more

Now I will finish the rest of the talk with pictures and some examples.

Attachment: This system is most suitable for 5m-15m London meetings. You can use it as needed. The 4 hour timeframe is excellent for most pairings, but settings vary widely and there's rarely anything in between
PS2. I don't care about news and fundamentals, I only trade charts. Usually the news (whatever the outcome is, moves the trade in my direction)
ps3. Try to focus on 1-2 pairs and master them. As you do this, add more pairs to your arsenal
PS4. I will try to keep it simple and not post unreasonable system trades, whether I accept them or not.
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To master this system, just go into the trading view and play in replay mode, that's the only way.

I'm here to answer questions, not send signals.
Don't use indicators, the only thing you need is a clean chart with the scaling I have.

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edit. important
The only tool you should need. Best of its kind, I found it on another forum
It is a risk calculator that allows dll import and EA advisor, put it in your ea folder and reopen mt4.
Of course free
Attachment
[EX4] Trading Manager EA.ex4 232 KB | 2,292 downloads | Uploaded at 6:43 on March 24, 2021

It looks like this it is an ea
You just select buy or sell (or pedning), drag the SL and TP lines, set the risk you want to take, and press the button
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