Understanding Market Structure
In this I explain how to use TradingView tools to mark out the recent price structure so that you can know what side of the market to be on (Buy or Sell) very quickly and easily without the need to use any indicators.
You can apply this technique to any market, FX / Stocks / Crypto... it works on all markets.
By understanding which community of traders are currently in control (Buyers or Sellers) you can then use the trendline tool to spot areas that might be higher probability areas for your trade entries.
I have written the general process below to complement the video explanation.
Step 1
Roughly mark out the recent highs and lows of price action just focusing on the main turning points of the market.
Step 2
Once you have completed Step 1, use the "eye tool" / "hide button" by the chart label to remove all of the candles and the noise of the market so that you can easily focus on what is important.
Step 3
Analyse the turning points / pivot points that you have marked out & if you feel it helps label them as Higher Highs / Higher Lows / Lower Highs / Lower Lows so you are able to know who is in control of the market structure.
Step 4
Use the recent turning points that are relevant to your directional bias to spot levels that the market might turn around and continue the trend. Alternatively use candlestick analysis to spot potential turning points.
Step 5
Finally place your entry and define your risk management as it applies to your own strategy / risk tolerance.
In this I explain how to use TradingView tools to mark out the recent price structure so that you can know what side of the market to be on (Buy or Sell) very quickly and easily without the need to use any indicators.
You can apply this technique to any market, FX / Stocks / Crypto... it works on all markets.
By understanding which community of traders are currently in control (Buyers or Sellers) you can then use the trendline tool to spot areas that might be higher probability areas for your trade entries.
I have written the general process below to complement the video explanation.
Step 1
Roughly mark out the recent highs and lows of price action just focusing on the main turning points of the market.
Step 2
Once you have completed Step 1, use the "eye tool" / "hide button" by the chart label to remove all of the candles and the noise of the market so that you can easily focus on what is important.
Step 3
Analyse the turning points / pivot points that you have marked out & if you feel it helps label them as Higher Highs / Higher Lows / Lower Highs / Lower Lows so you are able to know who is in control of the market structure.
Step 4
Use the recent turning points that are relevant to your directional bias to spot levels that the market might turn around and continue the trend. Alternatively use candlestick analysis to spot potential turning points.
Step 5
Finally place your entry and define your risk management as it applies to your own strategy / risk tolerance.
