Hello traders!
I hope everyone is having a wonderful weekend.
I am sharing a concept that's helping me understand why the market violated our marked MTF-POI. For every trade that doesn't play out according to my expectation, i need to hold my self accountable and understand why certain things happened and of course sometimes there will never be enough explanations and it's not about justifying your self but willingness to learn so you can improve and become a better trader (Like themackgray_ say's ) Lets be 1% better.
Now the concept that i have marked above shows how our swing structure looks like and as we move to lower timeframes, how it will look like. I understand that the charts will never be picture perfect but bare with me here. so if we move to lower timeframes we see the structure being broken down into smaller structures which on HTF is just one move. But as soon as we see HTF structure being broken we ultimately expect a pull back but what pull back do we expect?
Internal pull back since the internal structure is still valid or perhaps the last low on internal structure has swept liquidity?. or
Swing pull back since the breakout has occurred on swing structure and that makes the swing structure points more valid?.
Well our swing structure defines every technical aspect we might have and holds above all other structure. once we see a swing structure BOS, everything that is within internal structure just becomes LQ for swing structure to use. Therefore being able to mark your swing structure points right gives us the better advantage over the market.
Another way to view this: (If BMW runs a promotion on pre-owned M4, you can't expect the same promotion on a brand new M4, even though the model is still the same and the brand is still the same but conditions are different). Now consider your swing structure as a brand new M4 and your internal structure a pre-owned M4, your internal structure will never hold when the swing structure has other intentions.
If you can identify the swing lower high and swing lower low of the market then you can use your FIB tool to mark down the most extreme zone and the 50% zone which we call Discount and premium levels. then all you have to do is to wait for the market to mitigate your zone and jump to lower timeframe to find liquidity purge within the zone and CH (Where liquidity is purge there's always CH).
Just because the internal strong LH has been violated that doesn't mean the Market structure has shifted (MSS) but it tells us that the higher timeframe structure is holding the cards.
For me it is very crucial to define my higher timeframe structure as it defines every technical expectation i have.
I hope everyone is having a wonderful weekend.
I am sharing a concept that's helping me understand why the market violated our marked MTF-POI. For every trade that doesn't play out according to my expectation, i need to hold my self accountable and understand why certain things happened and of course sometimes there will never be enough explanations and it's not about justifying your self but willingness to learn so you can improve and become a better trader (Like themackgray_ say's ) Lets be 1% better.
Now the concept that i have marked above shows how our swing structure looks like and as we move to lower timeframes, how it will look like. I understand that the charts will never be picture perfect but bare with me here. so if we move to lower timeframes we see the structure being broken down into smaller structures which on HTF is just one move. But as soon as we see HTF structure being broken we ultimately expect a pull back but what pull back do we expect?
Internal pull back since the internal structure is still valid or perhaps the last low on internal structure has swept liquidity?. or
Swing pull back since the breakout has occurred on swing structure and that makes the swing structure points more valid?.
Well our swing structure defines every technical aspect we might have and holds above all other structure. once we see a swing structure BOS, everything that is within internal structure just becomes LQ for swing structure to use. Therefore being able to mark your swing structure points right gives us the better advantage over the market.
Another way to view this: (If BMW runs a promotion on pre-owned M4, you can't expect the same promotion on a brand new M4, even though the model is still the same and the brand is still the same but conditions are different). Now consider your swing structure as a brand new M4 and your internal structure a pre-owned M4, your internal structure will never hold when the swing structure has other intentions.
If you can identify the swing lower high and swing lower low of the market then you can use your FIB tool to mark down the most extreme zone and the 50% zone which we call Discount and premium levels. then all you have to do is to wait for the market to mitigate your zone and jump to lower timeframe to find liquidity purge within the zone and CH (Where liquidity is purge there's always CH).
Just because the internal strong LH has been violated that doesn't mean the Market structure has shifted (MSS) but it tells us that the higher timeframe structure is holding the cards.
For me it is very crucial to define my higher timeframe structure as it defines every technical expectation i have.