Structure Flashcards
When locating structure, you are looking for?
3 large pushes to the upside or downside
You find structure on the…?
1 hour chart, zoomed out
Each push of a structure is a minimum and average of how many PIPs?
This currency pair has much larger moves
Minimum 50
Average 75-150
GBP
Each push must do what tonits predecessor?
Break the high or low
Which push is generally the largest?
The Second
The majority of a structure push happens in how long?
2 hours London
4 hours New York
Pushes do not need to be..?
Consecutive
What is it called between pushes and structure ?
Multi day or session consolidation
Why do structure breaks happen?
To allow retail traders to win Some of the time
What is the Psychology behind structure?
3
3 is a mental confirmation for most people.
ie) 3 touches of a trendline confirms it
A structure move always has to correct to about?
50%
What two things can happen with 50% zones?
- Create new structure
2 . Create M or W before a new structure
Why do 50% zones happen?
Give example
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