Structure Flashcards

1
Q

When locating structure, you are looking for?

A

3 large pushes to the upside or downside

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2
Q

You find structure on the…?

A

1 hour chart, zoomed out

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3
Q

Each push of a structure is a minimum and average of how many PIPs?

This currency pair has much larger moves

A

Minimum 50
Average 75-150
GBP

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4
Q

Each push must do what tonits predecessor?

A

Break the high or low

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5
Q

Which push is generally the largest?

A

The Second

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6
Q

The majority of a structure push happens in how long?

A

2 hours London

4 hours New York

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7
Q

Pushes do not need to be..?

A

Consecutive

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8
Q

What is it called between pushes and structure ?

A

Multi day or session consolidation

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9
Q

Why do structure breaks happen?

A

To allow retail traders to win Some of the time

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10
Q

What is the Psychology behind structure?

A

3
3 is a mental confirmation for most people.

ie) 3 touches of a trendline confirms it

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11
Q

A structure move always has to correct to about?

A

50%

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12
Q

What two things can happen with 50% zones?

A
  1. Create new structure

2 . Create M or W before a new structure

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13
Q

Why do 50% zones happen?

Give example

A

Because Brokers have to follow rules. One of them being able to only move the market so many PIPs at a time

ie) They can only move it 400 PIPs in a set time, so they will move it 800 down then 400 back up

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