Module 6: Basics of Market Structure
Took me a long time my kids were sick so i needed to take week off of TA but i'm back, did as much as i could during my absence days. Back to business then: Well this was fun 😁😉, have to admit i hated this module in the beginning, was literally pain in the bum for me lol, but it turned out to be one of the best modules so far, as i always has mention in my previous homework i have tendency to loose focus for some reason during those tasks 🤷. This module actually make me use my brain cells and focus much more on the chart, and finding trend direction, market structure, as they say "trend is your friend" 📈📉. Did 24 trades 15 win, 9 loss, Total R 43.7 ,cumulative R 37.0 WR 62,5% calculator there shows 26,32% for reason Looking at my trades can tell my skills definitely got much better since i got here, the only thing for sure is i do jump in to trades more confident on back test mode than i do in live trade at the moment, in the beginning of my trading i was more "confident" than now, lost a quite a bit of money and that holds me back big time sometimes, some traumatic stuff i guess lol that's one thing i definitely need to work on. Overall module 6 great stuff definitely that was something totally new for me to learn. Few of my trades below: Bare in mind some of entries would be done manually( as where i would like to jump in to trade using limit or market buy) as watching the price action. Those should be easy to spot for those who r interested. 1st Photo: That's how my chart looks like i took all of my trades on DOT/USDT 2nd Photo: Actually took 3 or 4 trades, while it just could of been one :) but to defend myself all my trades were 1:3 R 3rd Photo: That's on of the trades i would jump in to position manually ( read above what i mean manually) 4th Photo: Need to show my losers as well, valid trade but got stopped out tight stop loss 1:3 5th Photo: This set up was buy limit placed it in the middle of the OB around 0.5 Fib, That trade would take 1D 16 H before hitting target.