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Breakofstructure

Viewing Break of Market Structures as Broken ExpectationsBreak of expectations is a perspective from which I look at market moves a lot of the time. Broken expectations manifest in the form of broken structures. It's the same thing, but just another way of looking at such moves which makes the liquidity story a bit clearer thereby inducing more confidence in taking trades off these zones. Obvious trend continuation zones, when broken, catch many a trader offside. These make for high probability trade locations (for trades in the opposite direction).
Education
by the_MarketWhisperer
1
I backtested DeGRAM's Gold Ideas 77 TimesIntroduction Break of structure is a popular trading strategy. It is trade along the current direction of structure but cut loss or even reverse when break of structure. @salehifx_trader and @arashhabibpooor et. al. said they feel disappointed when they receive the trend reverse signal with huge loss. It is possible the price may pull back or temporarily leave the bound of structure. Therefore, blindly following the structure may be not profitable in some time. In this case, I backtest @DeGRAM 's Gold ideas from Apr13 to Jul28, 2021. Jul29 is the day of closing all positions. Note this day is the day Fed updated currency policy. Test Method 1 If DeGRAM said long, close all short positions and open a new long position. If DeGRAM said short, close all long positions and open a new short position. Jul29 is the day of closing all positions. There are 15 data, representing trading in 15 different time stamps of a day. The earliest one is 03:00 and the latest one is 17:00. The time zone is utc+3. Test Method 2 If DeGRAM said long, close all short positions. If DeGRAM said long and there are no long positions, open a long position. If DeGRAM said short, close all long positions. If DeGRAM said short and there are no short positions, open a short position. Jul29 is the day of closing all positions. There are 15 data, representing trading in 15 different time stamps of a day. The earliest one is 03:00 and the latest one is 17:00. The time zone is utc+3. Result I compute the numbers with opening price and did not include bid-ask spread, commission and overnight fee. Method 1 : 03:00 -> -2907.47 04:00 -> -2850.79 05:00 -> -2974.58 06:00 -> -3025.25 07:00 -> -2964.79 08:00 -> -2992.37 09:00 -> -3106.63 10:00 -> -3103.31 11:00 -> -3145.71 12:00 -> -3300.93 13:00 -> -3301.49 14:00 -> -3212.76 15:00 -> -3377.93 16:00 -> -3832.02 17:00 -> -3760.32 average -> -3190.43 Method 2 : 03:00 -> -160.82 04:00 -> -152.48 05:00 -> -162.21 06:00 -> -171.85 07:00 -> -164.90 08:00 -> -163.99 09:00 -> -173.51 10:00 -> -150.52 11:00 -> -174.82 12:00 -> -174.53 13:00 -> -185.05 14:00 -> -180.83 15:00 -> -195.08 16:00 -> -269.06 17:00 -> -289.69 average -> -184.63 Conclusion and Suggestions * Trading break of structure solely may be too late. * Repeatly buy and sell in range can lead to more profit. * We can improve gold trading by predicting the action of Fed. * Gold is long term bullish unless governments want zero or negative inflation, so we can consider other instruments better than short gold.
SAXO:XAUUSD
by clocks156t174
CADJPY, Long Opportunity - 1:5 and 1:14 availableGood afternoon ladies & gents, After spending 3 days in consolidation, accumulating and collecting orders. CJ is now ready to displace higher to take out the monthly equal highs where a large pool of liquidity lies around the 91.500-92.000 level. I'm looking for price to trade back down into the H1 Bullish Orderblock, where I'll be looking for a long. Initial target is the high of the H4 range, secondary target will be the Monthly Equal Highs. Let's do this. - AmplaFX
Long
by Jiraiya_eth
Market Structure - The Chart analysis (simplified!!!)Using Market Structure to identify entries in the FX market has been a life changing technique for me. Through this video, i described my process of entering trades using MS without a single indicator in sight!!! You'll see the following : 1. How to draw support and resistance. 2. How to identify the trends in a market ? What is a Break of Structure ? 3. Avoiding fake outs using the Law of 2's (by waiting for two consecutive HH's and HL's | LH's and LL's). 4. What is a Major Level ? Is it really useful to my analysis? 5. How to determine Take Profit using MS.....etc
Education
by TemiTola