I use the support and resistance concept taught to me called quarter points. It is the idea that price moves in quarters. An example would be £1, if you break this down into quarters it would be 4 quarters that are 0.25p, 0.50p, 0.75p, and £1.00. When you put this into your charts you will see price react of these zones. I use this concept with major quarter...
Markup on chart
True Support and Resistance CASE STUDY
In an uptrend - support is held and resistance is broken. In a downtrend - resistance is held and support is broken. Notes on chart...
Some eng backtesting..
Eng - identification, execution and management. Your strategy should include those three stages for a higher success rate. Each trade entry should have these 3 steps prepared, before entry: 1. Identification 2. Execution 3. Management
Market structure will show you clues for trend continuations and trend changes. However, these are only clues and you will need confirmations to increase your probability of success. Build a trading plan that includes your strategy, risk and money management, and trading psychology. With this you will be on your way.
Rules for msr/esr/eng patterns. Follow rules to increase probability of success.
Last of these market structure screenshots for today, good trading weekend to all traders
Incorparating market structure into your trading: - Raw market movement - Trending and non-trending markets - Candlestick patterns - Chart pattern
4hr bullish crab and gartley. Price pushing towards target 1.
Deep crab pattern - type 2 reversal. Rejection at previous low and quarter point.
Price making higher highs on 15m. GJ bullish bias currently.