Must Know STRUCTURE TRADING Secrets ( 95% Of Traders Need This Right Now... )

"Let's go ahead and get started with what is multiple time frame trading multiple time frame trading just means you use a higher time frame in order to give you a bias on the direction you want to be trading on your trading time frame if you're trading on the 1-hour like we're going to today then you may look at the daily chart and in the situation we're talking about the day with structure you may look to see where the major levels of structure on the daily chart are before you place a trade on the hourly chart because you're using those daily levels in order to place your trades in order to increase the accuracy of your trades and that is actually called top-down analysis a lot of times you've probably heard of top-down analysis and that's what we're gonna do today"

"on higher timeframes there's going to be two major levels of structure we're paying attention to that is going to be standalone levels which is going to be a major level of resistance that pushes the market down a lot or a major level of support that pushes the market up a lot"

"if we push up to this level what I would be doing at this standalone level is waiting for a possible short entry at that standalone level"

"so if the markets coming up into our standalone resistance then I know I want to be looking for short trades at a standalone resistance level the markets coming into our standalone support then I know I want to be looking for long trades at that standalone support"

"the trend continuation type play so let's say we have a market that's doing this on the daily chart all the support turns a resistance or resistance turn to support in a bullish sense means is that the previous level of resistance that was broken is likely to become support"

"on a one-hour chart this would be a lot of movement you could have gotten some really good risk reward ratios from this movement on a one-hour chart"

"for me some of my favorite patterns for counter trend trades especially in scenarios like this are double tops and bottoms and other price action patterns like a Head and Shoulders pattern"

"a very very conservative way of entering the market would be if the market makes it to my level I wait for sorry I let me move the chart if the market went makes it to my level I'll wait for a one two three move on a lower timeframe and then place a trade at that previous support level looking for this trend to continue down from our daily level of structure"

"first step find an area of structure resistance or support on a higher time frame that you think is substantial the way we consider it substantial is in a standalone level or is it a previous resistance that turns the support or support that's turn to resistance in a trending market after finding those levels dropping down to a smaller time frame in this case the one hour and looking for possible price action patterns that can give you a reason for entry"

"we have our second bottom on this red cap and we have a green candle I would probably wait for more confirmation considering that's a doji so let's see what happens on our next candle red red Oh big green okay big green is where I would enter"

"stop-loss below our level target if we get a decent risk reward right here one point seven yeah I'll take it"

"the power we have now is we're trading along with the daily trend from an area that's likely to push the market higher with an entry reason on a smaller time frame"

"we have now hit our targets back up at previous resistance for a one point seven two one risk reward"

"this is how you would use levels of structure in order to place trades on smaller timeframes to give yourself an edge over the market"