How To Read Structure (Charts) Tutorial- Section: 3 Charts 12-18
The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal. In this section we are going to learn why I use this process & how it helps me identify the difference between a pull back and an actual reversal. We are also going to take our first detailed look into how this process is used to identify trading ranges as they are occurring & we will end with a brief introduction regarding how to properly use multiple timeframes to increase your strategies performance and overall returns.
Section 3 Will Consist of 7 Charts:
Chart 12- Simple Pullbacks Explained.
Chart 13- One Simple Way To Identify A Fake Reversal + Identifying The Complex Pullback.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur.
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy.
Chart 12- Simple Pullbacks Explained & Ground Work For Learning The Complex Pullback Method
The majority of people who try their hand at trading, do not have any formal training or education of any kind therefore most of the trading related knowledge they learn is obtained through free sources, books or online courses that never fully go all the way, leaving them with a ton of questions and confused. Proper chart reading and structure analysis is one of the most commonly misunderstood aspects amongst novice traders, and at little to no fault of their own. It is important to understand that not all structure analysis is the performed the same, each trader may have his/her own process for reading structure so if this is a topic you wish to learn, I highly recommend learning one traders specific process to avoid confusion and conflicts with education that you may have learned elsewhere.
Chart 13- One Simple Way To Identify A Fake Reversal & Identifying The Complex Pullback (my process)
It is said and assumed that- "In order to identify a trading range, price must trade in it for an extended period of time". This is true with the traditional method of technical analysis however the Complex Pullback is an advanced structure analysis method that I have used to successfully identify trading ranges as they are occurring for years... With this method, we do not have to wait for a trading range to be established before identifying it as one, which gives us the ability to spot & avoid many false reversals. Incorporating this method into your strategies, can dramatically increase its performance & returns. Please see the chart below to get a better understanding of how this method works.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective
Each 4hr candle represents 4hrs of price action therefore, each 4hr candle can be seen as 4- 1hr candles. Lower timeframes, can be used to obtain more information about price action. For example- If your strategy uses a specific candlestick as an entry signal, dropping down to the 1hr chart would give you an additional 3 candles which would result in 3 more opportunities for your entry signal to appear.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy
As always, I hope this tutorial was helpful to you. Please leave your feedback in the comments below, & if you got value from this please share & give the tutorial a thumbs up. Your Shares & Likes really help to get these tutorials out to traders who are trying to learn, While your feedback lets me know that these free tutorials are helpful to you. I will continue to share them if they are of value. If you would like to learn more about how to read charts, and structure based trading please see sections 1 & 2 of the "How to read charts, structure based trading tutorials" (linked in the related ideas section below) or head over to TradersNsights:
Courses/Lessons
Forex Coaching
To request a tutorial or topics you would like to see in the future, Fill out a quick request form and enter "Request" in the subject field or simply comment below.
More Free Trading Related Education
Section 3 Will Consist of 7 Charts:
Chart 12- Simple Pullbacks Explained.
Chart 13- One Simple Way To Identify A Fake Reversal + Identifying The Complex Pullback.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur.
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy.
Chart 12- Simple Pullbacks Explained & Ground Work For Learning The Complex Pullback Method
The majority of people who try their hand at trading, do not have any formal training or education of any kind therefore most of the trading related knowledge they learn is obtained through free sources, books or online courses that never fully go all the way, leaving them with a ton of questions and confused. Proper chart reading and structure analysis is one of the most commonly misunderstood aspects amongst novice traders, and at little to no fault of their own. It is important to understand that not all structure analysis is the performed the same, each trader may have his/her own process for reading structure so if this is a topic you wish to learn, I highly recommend learning one traders specific process to avoid confusion and conflicts with education that you may have learned elsewhere.
Chart 13- One Simple Way To Identify A Fake Reversal & Identifying The Complex Pullback (my process)
It is said and assumed that- "In order to identify a trading range, price must trade in it for an extended period of time". This is true with the traditional method of technical analysis however the Complex Pullback is an advanced structure analysis method that I have used to successfully identify trading ranges as they are occurring for years... With this method, we do not have to wait for a trading range to be established before identifying it as one, which gives us the ability to spot & avoid many false reversals. Incorporating this method into your strategies, can dramatically increase its performance & returns. Please see the chart below to get a better understanding of how this method works.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective
Each 4hr candle represents 4hrs of price action therefore, each 4hr candle can be seen as 4- 1hr candles. Lower timeframes, can be used to obtain more information about price action. For example- If your strategy uses a specific candlestick as an entry signal, dropping down to the 1hr chart would give you an additional 3 candles which would result in 3 more opportunities for your entry signal to appear.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy
As always, I hope this tutorial was helpful to you. Please leave your feedback in the comments below, & if you got value from this please share & give the tutorial a thumbs up. Your Shares & Likes really help to get these tutorials out to traders who are trying to learn, While your feedback lets me know that these free tutorials are helpful to you. I will continue to share them if they are of value. If you would like to learn more about how to read charts, and structure based trading please see sections 1 & 2 of the "How to read charts, structure based trading tutorials" (linked in the related ideas section below) or head over to TradersNsights:
Courses/Lessons
Forex Coaching
To request a tutorial or topics you would like to see in the future, Fill out a quick request form and enter "Request" in the subject field or simply comment below.
More Free Trading Related Education
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.