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Marketstructurejournal

Phases of Market Structure ✅‼️ The price can simply be found in one of the 3 phases below: 1.In a CONSOLIDATION 2.In an UPTREND 3.In a DOWNTREND The bullish market is characterized by making Higher Highs and Higher Lows, but this characterization is not enough, it is necessary to say that bullish markets are always breaking swing Highs and respecting swing lows. The fact that the price has broken a swing high, indicates that higher prices should be expected, so it is negotiated in the trend in which the market structure was broken. (Vice-versa for bearish market strcuture) Consolidation occurs when the price don't break a swing high or swing low and forming EH (Equal highs) and EL (Equal lows). In the most cases, after a consolidation the price manipulate and take liquidity above EH or below EL and then the price is distributed in another direction.
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by Snick3rSD
A+ Setup: The best kind of build up This is the sort of setup that will make your week, month, or even your year. You know when you just "know" a setup is going to work? Well, I'd like to stop "just knowing" and actually define this. Because this is the sort of thing, if you traded exclusively, you'd have ridiculous W% and R stats, and crazy growth. Here's why this setup is GRADE A+: There's an overall, big picture bias. In this case, the D1 looks very heavy. There's nothing that happens premarket to challenge that idea. Instead, the premarket action helps strengthen the bias. In this case, it's a wedge against the level we're looking at. Price has floated down to a level that's been tested twice and never really altered. AT THE OPEN...Price forms a clear range within the 1m range. Price breaks out up (against our bias), but quickly traps longs and closes back down into the rage and quickly collapses. That's SUCH a significant trap that it breaks past the low of premarket (the most important level) and straight to low of prior session. Prior lows COULD have been a great level for longs. BUT, as soon as the prior session lows were accepted, price was only going one way (and not chopping). It's really a fantastic setup. Study it, use it.
CME_MINI:NQ1!
by structuredtrader