How Does Structure Trading Really Work? (My Secret Technique)
Published: 2020-09-09
Status:
Available
|
Analyzed
Published: 2020-09-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The trader entered a trade with a stop loss of 47 and a take profit of 65.
"I'm going to place this order it's going to be a market order i'm going to put in my take profit and stop loss the stop loss it's 47. our take profit is 65"
Pending
The trader is risking 1% of their capital on this trade.
"i want to be risking one percent on this trade not two percent one percent on this specific trade"
Pending
For day traders using a 5-minute chart, top-down analysis should be based on the 15-minute or 1-hour charts.
"if you're trading the five minute chart then your top down analysis approach needs to come from the 15 minute or the one hour those need to be the two time frames you look at for your top down analysis approach"
Pending
For traders using a 15-minute chart, top-down analysis should be based on the 1-hour and 4-hour charts.
"if you're trading the 15 minute where do you think you should be looking for your top down analysis approach you were right the one hour and the four hour"
Pending
The speaker personally trades the 1-hour and 4-hour charts, using the daily chart for top-down analysis.
"if you're trading the one hour you want to look at the four hour and daily i personally trade the one hour chart and the four hour chart so the daily chart is what i look at for my top down analysis approach"
Pending
The Aussie Yen is in an uptrend, characterized by higher highs and higher lows.
"we're making new higher highs new higher lows new higher highs this could be our higher low to push the market higher we're in an uptrend here it's very obvious that we are in an uptrend on the aussie yen"
Pending
In an uptrend, a previous resistance level that has been broken and tested multiple times is a key level for trend continuation trades.
"if i know i'm in an uptrend one of the main trend continuation levels is going to be the previous level of resistance that was tested especially if it was tested more than one time if that level is the most recent level broken and it's been tested multiple times that's definitely a level i'm looking at for possible long trades to continue the uptrend"
Pending
A barrier level is the next significant resistance level that the market is likely to reach if the uptrend continues.
"what's a barrier level well a barrier level would be the next level of resistance this market will inevitably hit if we continue in this uptrend"
Pending
The next two identified barrier levels are potential areas where the market might pause, retrace, or reverse if the uptrend continues.
"the next two barrier levels showing me that these are the places if this market continues in an uptrend that it's likely to either pause have a retracement or possibly even reverse and fall down"
Pending
The trade achieved a risk-reward ratio of 1.41, with potential to reach 5.2 to the next barrier level.
"i want a 1.41 risk reward so obviously that was the case since i could have got a 5.2 to my next barrier level if we continue that trend on the daily chart"
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The speaker has been trading for approximately 10 years, starting at age 18 and now being 28.
"i started when i was 18. i just turned 28."
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The speaker's three-step top-down analysis process is: 1. Identify the Trend, 2. Identify Structure Levels, 3. Prepare for execution.
"the three-step process is trend structure prepare once you're prepared you deal with it once it gets there"
Pending
The most recent broken level is typically the strongest opportunity for trend continuation if the market is moving with the higher timeframe trend.
"looking for trend continuation levels most often that will be the latest level that was broken the most recent level that was broken is normally our greatest trend continuation opportunity if this market is going to continue that trend from our higher time frame"
Pending
Trades are only placed on pullbacks to a 'perfect zone' or at a barrier level with a counter-trend trade setup and a specific lower timeframe entry reason.
"i'm not placing a trade unless i get a pullback to my perfect zone or unless this market hits a barrier level and gives me a counter trend trade and i get my perfect entry to push the market higher some kind of entry reason on a lower time frame"
Pending
A weekly top-down analysis of the daily chart is performed every Monday and shared with participants of the EAP program.
"i do a top-down analysis approach on a high time frame the daily chart every single week on monday and i send it to everyone involved in the eap"
Pending