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Choch

SPX 10/31/22 Choppy Sells Today was a good day but a choppy one. Took 3 sell entries and all of the were stopped out. Took 2 additional sells this morning at the open and those went straight to SL, traded a bit too tight initially this morning but the SLs weren't large at all took about a 3% L on those. The remaining trades were taken off of the -CHOCH (Change Of Character) and -BOS (Break Of Structure) on a couple LTF order blocks on the 1m, 5m, and 15m charts. Closed the trades for partials manually and left the stops at break even to eventually end the day 9.61% up.
BLACKBULL:SPX500Short
by Cory4rex
USDCAD BUY?USDCAD has been in the D demand zone for 2 days now and although there's a lot going on in there its still a valid level. Furthermore seeing this failed attempt at a lower low and also full body candle break of the zone, it leads me to see that price could perhaps still very well buy from this level. So my entry is an H1 BOS in the gan discount and also my entry is right on/near the fib 61% which in this case matches up with the H1 demand zone OB. My SL will be 50 pips below structure and my Tp will be the daily highs of USDCAD around 1.40000 same strategy and entry technique as the USDJPY trade. lets see how they play out
Long
by StaydownClicker
CHOCH vs BOS ‼️WHAT IS BOS ? BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset. To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS. BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move WHAT IS CHOCH? CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.
Education
by Snick3rSD
AUDJPY Sell IdeaHere are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
Short
by BlackDiamondFX
1
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend. From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis. Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
COINBASE:BTCUSDShort
by xcitedDelirium
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..
FX:XAUUSDLong
by SteveTan
1