Qazi Forex Tips
In this lecture
- The classic trading method
- Everything about forex market structure
- Mastering structure step by step
Lesson notes
Structure in swings
Markets move in waves: an impulse in the trend direction, then a correction. In an uptrend each impulse makes a higher high and each correction a higher low. The classic approach plans trades on the corrections, in the direction of the impulses.
Planning a trade with structure
- Mark the last major swing high and low.
- Decide the trend from them.
- Wait for a correction into a level (support, demand, Fibonacci area).
- Enter when the correction ends with a confirmation candle.
- Stop loss beyond the correction's extreme; target the last high or low.
Continue with Part 2
Part 2 covers how to increase the accuracy of the method.
Khulasa (Roman Urdu / Hindi)
- Market waves mein chalti hai: impulse phir correction.
- Correction par, impulse ki taraf trade.
- SL correction ke extreme ke peeche.
- Part 2 mein accuracy barhane ke tareeqe.
Questions
What is the classic trading method?
Trading with market structure: following the trend's impulses and entering on corrections at key levels.
What is an impulse and a correction?
An impulse is a strong move in the trend direction; a correction is the pullback before the next impulse.
How do I identify the trend with market structure?
Higher highs and higher lows mean an uptrend; lower highs and lower lows mean a downtrend.
Where should I enter in a trend?
At the end of a correction, at a level, after a confirmation candle.
Is market structure trading the same as Smart Money Concepts?
SMC builds on market structure and adds ideas such as liquidity and order blocks.
Which timeframes suit the classic method?
H4 for structure and H1 or M15 for entries.
Related lessons
Increase the accuracy of the classic trading method (Part 2)Market Analysis
Market structure explained: the key to direction and entriesPrice Action Basics
How to identify swing highs and swing lowsEducation only, not financial advice. Trading forex, Gold and CFDs carries a high risk of loss. Examples are for learning; test any method on a demo or in a simulator before using real money.