All language subtitles for 9.MTF Market Structure (Walkthrough)

so let's take a look at multi-time frame market structure in action um we're just

going to build upon all of the song well mainly the swing structure right that

we've drawn on our four hour charts and we're going to build that across the

multiple time frames so the four time frames that we're going to concentrate

on in this exercise is the weekly on the

top left and then the daily here that we have on the bottom left and then the

four hour on the top right and then the 15 minute the m15 in the bottom right

hand corner now obviously having split screen like this

is very useful for multi-time frame analysis when you can see multiple time

frames uh together now when you're in the live market you do not need to have

your chart split this way some of you may find it useful to have it that way

some of you may just prefer to have one big screen

and then cycle through between but if you don't have the split screen then

essentially this is where you can choose to do that however i do believe that you

will need a paid tier subscription um with trading view in order to

be able to have more than one chart i believe um especially if you kind of

want the the five six or eight uh i do think you need then potentially even the

premium but anyway let's start to to dive through

this so as always we're always going to take down uh take a top down approach

right we're going to start from the top and then we'll slowly work our way down

through the time frames to increase that timing uh and accuracy so hopping on the

weekly chart now one thing i will always recommend

that you do is uh no matter what time frame you're on right is never just jump

straight into the sort of the most recent price action sort of when you're

trying to you know define a trend because what you really need to do is

build that story and build that narrative now when you read a book and

you read a story what do you do you read from left to right right you start at

chapter one or you know near the beginning you don't just jump in right

right at the end you know chapter 98 or whatever okay it's kind of

the best analogy i can come up with of how you know especially defining market

structure you really need to make sure that you do have your highs and lows

defined properly because sometimes you know you could be really zoomed in

thinking you know that this uh this was you know potentially a

higher high and a high low and whatnot but actually really it's just sub

structure that you're playing within another range so if we take a quick zoom

out um forex.com data feed doesn't go back too far about 2006 but we can

clearly see right that this was that big uh bearish move there but we had a swing

high and a swing low down here now if i draw this line across we can pretty much

see just snap that on that uh we got a

closure below that low there so what that means is that there uh you know

that formed a lower low right with type one mapping where we get a candle

closure below the low so where is the highest point before that low broke

whether it would be this point up here so we can get rid of that for the second

um so then what we can see is price obviously broke up above that high

and then forming a clear higher high so the weekly chart then switched bullish

we had a pullback break of the higher highest another higher high but then

price came down and took out that low so then we were bearish for quite some time

before then eventually price then took this high here right that was a low that

was the high price took the high price temporarily switched bullish to form

this higher high but then it came down and it closed below the low so it

quickly switched bearish again right quite a bit of volatility that we can

see here so at this point once this low was taken this is the swing high of the

range that we're playing within right this is the swing low but then

eventually price did move up and we had those sort of minor bricks of structure

and then we got that kind of closure there to then switch blish uh again and

then this time it actually followed through

with that momentum it had a weekly pullback and then it took out this high

here right so now we are playing within this high here and this low here so

that's how you can kind of quickly you know it doesn't take a lot of time but

you can still go quite far back and just make sure you definitely do have your

highs and lows marked out correctly here so what i

tend to usually do especially with the weekly time frame is just mark out the

range of the high and the low that we are playing within so have some pre

pre-saved uh templates here and we can draw on um

i can get it selected there we go drawing our weekly high

up here and put that in so now we know pretty much you know the

range that we're playing with in the weekly chart we are clearly bullish

we're playing within this bullish range so

obviously after we had let me draw on the weekly breaker structure over here

so i'm just going to quickly put that on because i don't have a pre-saved

template for the weekly chart let's put that in the middle

okay so we had our weekly break of structure

we've obviously then you know initiate that weekly pullback and we're playing

within this weekly bullish range so at any point in time we have to run with

the blind assumption that this should be a strong weekly low and this

low should hold and at the moment this is a weak weekly high why is it a weak

weekly high because it hasn't taken out the low right so at any point in time we

can expect a weekly high low to kick in and potentially run that weekly high of

course that doesn't have to happen we're always playing with probabilities and

this weekly low could go and then we could switch bearish okay but for now

purely just uh using you know the concepts that we've looked at so far

with market structure um you know this is the tools that we're using we can run

with the assumption that this weekly bullish range is going to stay intact

and we have to be aware that a weekly high low could kick in at any point and

the weekly could try to make a move for this weak weekly high to try and form

that uh daily higher high right so that's the weekly chart playing in a

very clean sort of simple bullish range here so let's dive down a little bit

into the daily chart down here i'm just going to tie this up a little bit just

for my chart ocd there so what do we expect

after that weekly break of structure that weekly high high

we expect a weekly pullback right how can we know when that weekly pullback is

about to kick in right when this run is over and the pullback spots kick in we

can look for um you know that change of character or and how will that look on

the on the daily chart i'll just show you at the same time right if we look

for a weekly change of character let's zoom in and have a

good look at this so price all of these candles break the

prior candles high right this candle fails to do so so there's a minor pull

back there then we move up again then we have a minor pull back here right and

then we move up and then we come down and we take out that minor weekly low so

what is that minor weekly low most likely going to be on the daily chart

it's most likely going to be a swing low and then that that weekly minor low

right that change of character on the weekly chart actually is a trend change

on the daily chart because if we look into the daily chart and zoom in on this

price action what do we have well we have price

training upside clear swings in price action right high low higher high pull

back to form the high low we break that high to form a higher high right and

then this would be our swing low down here so then price comes down and then

we get that candle closure below there on the 18th of january 2021 and then

that gives us a bearish daily trend change right which then gives us decent

confirmation that the weekly chart is now likely to have that weekly pullback

all right how far can we expect potentially that

weekly to pull back well we can draw on the the premium discount of the weekly

range right and then we can expect price to potentially pull down into discount

prices but let's just draw on um our daily breaks of structure here right so

for me this would be a daily swing so high

going to map that out all right and then

this is where right price moves up now it gets that break of structure and the

daily does switch bearish but it's pretty much only for one candle for one

day and it retraces and continues that up move so for me personally i view that

just as one swing leg right and this is just a minor low so for me the daily

chart is not confirmed bearish until we get a break of that low which we don't

get until yeah until the was that the 15th 15th of january yeah so then the

daily switch is bearish but just from a daily chart perspective

right how could we know or what what do we expect i should say after a daily

break is stretched to the upside we expect a daily pullback how do we know

when the swing run is likely to end and the daily pullback's kicking in we get

that change of character there right so that at that point gives us an

indication that obviously the pullback's kicking in we've obviously pulled back

quite a fair bit at that point but if you're expecting right a weekly pullback

then we can potentially anticipate that this is not just going to be a daily

pullback but actually we may get a full-on daily bearish trend change

because the daily is likely going to go into need to switch trend the daily is

likely going to need to switch bearish in order to facilitate a full weekly

pullback right which is what happened so you can see that weekly pullback

right first on the daily trend change right but then

how could we have anticipated that even earlier right well what is that daily

change of character that daily minor break of

what do you think that will look like on the four-hour chart well if we go and

scroll across all right and what i'm going to do

is mark out that daily change of character here so i'm going to draw that

across and i'm just going to change it to a dotted line just so we can see the

difference but what is that four hour minor breaker structure that for our

sorry that daily minor breaker structure that daily change of character on the

four hour it's a four hour trend change right because

this was our swing high right we got the pullback and then we got that break of

the high so this taking out the

four hour swing high here just line this up right so then the

lowest point before that high broke there is this point down here so then

that becomes our four hour swing low so then when price comes down and closes

below that for our low to make the four-hour bearish we then get that daily

change of character right so we can anticipate literally the

weekly pulling back all the way from the four-hour chart now of course the 4-hour

truck could give you a few a few full signals before that potentially happens

but it's just showing you that you know you can anticipate that happening but

obviously the higher the time frame that you wait for

um to get a confirmation is the more you know higher probability that you are

going to have anticipated that the weekly pullback is actually starting so

it's not until we get that daily um that daily bearish trend change down here

right on the 15th of january that actually we then get that

weekly change of character there right but the four hour had already switched

bearish all the way up here and we already had a four hour change of

character up here right so you can anticipate it earlier and earlier but

you just have um you know less confirmation because there would have

been quite a few four-hour changes of characters you know all the way up like

you know um let's have a look potentially over here right but it was a

full signal in terms of trying to uh signal that the weekly pullback was

going to kick in right because the weekly stayed uh bullish for another few

days but anyway let's take a look and just

concentrate on the daily chart for now whilst we are seeing how far the weekly

chart is going to pull back so we get that break of the low and then we have

this pool back here and then we break the low again so then

we get another daily bearish trend change here sorry not a bearish change

we get another daily break of structure so now what we're playing with him we

are playing within the highest point before that low broke so we are playing

within this range here and obviously when price pulls back that would be our

low there now what does price try to do price does try to break up through that

high right you can see intraday price would have been trading all the way up

at this level here but this is where it's really key no matter what time

frame you are on to wait for the candle to close right if you are using type 1

mapping and you are using body candle closures to to denote your true breaks

of structure right to denote your swing higher highs

and higher lows then you need to wait for the candle closure so at this point

intraday right you could see a lot of momentum coming up and you could think

right the daily switching bullish again and you can get really attached to that

bias right but actually you have to wait for that day to close and we can see

that it fell to close above that high essentially was just a liquidity grab

and we are still remaining bearish at this point right because we have not

closed above that high to form a higher high so generally when this happens

right if it's a move to the upside and then we close back down generally that's

a very bearish signal but how can we wait for a little bit

more confirmation to tell us that this will be the daily lower high right

because obviously we can see that price did go on and continue the bearish trend

and we did get another bearish break of structure but at this point here we're

not going to potentially know that so what can we do to give us a bit more

uh confirmation and increase the probability that this lower high has

formed well we can wait for a daily change of character right so as we can

see with that pullback we have the movement up

we pull back then we broke that minor high there right now this is where it's

a bit more subtle but you can see this candle here on the 24th of february it

failed to break this candles high here the previous candle so what that means

is it was an intraday pullback right there's that minor pullback then we took

that high we failed to close above the swing high right we closed back down and

then what happened price came down and it took this minor low so we've got a

daily minor breaker structure pretty much right we've got that change of

character now what do you think if i mark this out that daily change of

character there is going to be on the four hour chart

you've guessed it hopefully that four hour if i move across all

right we've already marked this price action out in the prior lessons right

that four hour or i should say that daily change of character with that

dotted line was the four hour chain change right and you can see we get the

confirm for our trend change there delete the daily dotted line now

and that's how you can see how they sync up but you could have anticipated that

even earlier right when we saw the four hour change of character there right so

it's just showing you that that relationship between the different time

frames here and how you can you know anticipate those moves starting to kick

in so let's continue this daily bearish trend and draw on our structure

all right as the daily clearly continues to be

bearish and then price pulls back

so let's mark on our next daily

swing low here just trying to speed things up a little bit and we can see

that that bearish trend continues right so we were playing within quite a large

daily range there at that point right because that that would have been our

high and this would have been our low it was a bit of a short pullback let's have

a look on the 4-hour chart and see how that looks and sync these all up a

little bit better so

this is obviously the daily range we're playing within right within those two

big orange lines the four-hour chart starts to pull back so that's when we

marked out remember that four-hour change of character and what does that

do that signifies that that daily pullback is starting to kick in but then

we've got a four-hour change of character to the downside it's

potentially signaling that that daily pullback is over just a shadow pull back

and now we can start to target that weak daily low which is also a four hour low

as we can see price eventually broke down and went through that so then we

were playing within this daily range here right that being the highest point

before the daily low broke uh and then when price is coming down

right how can we anticipate when the swing run is over when the daily swing

wind is over and the daily pullback is about to commence well we can look for a

daily change of character right so after daily bread after that daily break of

structure to the downside we are expecting a daily pullback all right so

then we see that minor high because that previous candle fell to break the

previous count as low so it said small pullback and then price takes that high

which is our daily change of character so if we mark out the daily change of

character right from there to there

just got a little bit what would that daily change of character most likely be

it's not guaranteed but most likely that daily change of character is going to be

a four-hour trend change so we can see where that dotted line is over here on

the four-hour chart right which represents that daily change of

character was actually where we had our four hour trend change right so that

four hour confirmed bullish trend change is where we got the daily change of

character okay um and you know we spoke about this

before but how did we when we were looking at the four hour being within

this bearish range here right we had the four hour breaking

structure here when we got the break of that low there what do we expect after

for our break of structure we expect a four-hour pullback how can we anticipate

that the swing run is over and the four-hour pullback is kicking in we get

that change of character right we take the low and then we take the high giving

us that change of character pull back in to form that internal high low right and

then we get minor breaks of structure but at that point the four hour is still

bearish so we have to kind of run with the assumption at least just on the

four-hour time frame that that four-hour lower high will hold that swing lower

high right so then we were looking at the changes of character coming back to

the downside right and we'll talk about that in a little bit more depth at that

moment but when we were anticipating that

four-hour pullback kicking in and we've got a four hour change of character what

do you think the four-hour change of character was on the 15-minute chart

well this is the 15-minute chart down here and if we zoom in right you can see

this dotted line here i'm just gonna tidy up a little bit that's where the

four-hour change of character was but let's quickly draw on our 15 minute

trend right so we're bearish all right we calm down

we form that low so that's clearly our swing low there so let's mark on our 15

minute bearish break of structure and then we draw that across

put on my m15 breaker structure there right now where was the highest point

before that low broke it was this swing high there so we're just going to mark

that out just so we can see it right so that's our m15 swing high and

then price comes up and then takes that high it's making the m15 switch bullish

right so

when we're expecting that for our pullback and we're waiting for that four

hour change of character uh generally not always that will be a

15 minute bullish trend change which happened a little bit higher up right so

the four hour chalk was there but it continued up and it pretty much happened

in the same area so it's not always going to be picture perfect but it just

gives you a rough indication of what you're seeing on one time frame will

most likely be happening on the lower or higher time frame right

now that's when you get that 15 minute switching bullish right giving us a lot

more confirmation that that four hour pullback is kicking in but could we have

seen that potentially even earlier well when we got that 15 minute breaker

structure to the downside right how can we anticipate that the 15 minute

pullbacks are about to kick in we've got a change of character right because if

you look at the 15 minute right we had that minor low there

draw that across that as our 15 minute change of

character and then what happened it took the low and then

it took the high so there we got the 15 minute change of character price then

pulled back in right if i can get the paintbrush

to to work right so we've got the pool back in to form that 15 minute internal

high low and then that anticipated the 15 minute pullback which then turned

into a full-on trend change which then ended up being the four-hour change of

character right to initiate that four-hour pullback which then ended up

leading to a four-hour trend change which ended up leading to the daily

change of character right to initiate that steeper daily pullback which ended

up leading to a daily trend change right which then ended up potentially or

trying to form that weekly high low right so can you see how it all started

from down here in the 15 minute time frame and of course if we had to go low

on the one minute and so on and so forth you'd have seen that all change first

and all that was trying to lead up to as you go higher and higher it's just to

form that weekly higher low right because we're bullish we've pulled back

down into the discount um and then trying to anticipate where

that weekly high low may be forming right you can then use all the time

frames together but obviously the higher you go right the more confirmation that

you're gonna have that actually this is the true uh weekly swing lower because

if you're you know looking at just tie this up a little bit get rid of these

lines if you're looking at

the 15 minute chart to tell you when the weekly high low is going to be forming

right the minute that we break through the eq and we're within discount prices

and you're saying to yourself okay the weekly's bullish i want to try and catch

that weekly high low if you're just sitting on the 15 minute and you're

trying to you know look for every change of character or even bullish trend

change right it's going to happen a lot and you're going to keep you know taking

losses and losses or a lot of break evens

because yes you can get in early and you can you know literally catch potentially

what may have been that weekly high low and you could have gotten right at the

very bottom post a nice little mt4 screenshot on

instagram you know show off to all your pals or whatnot but actually you know

you didn't show how many losses you took in the meantime you know the amount of

gray hairs that you've got trying to catch that low so

whilst that is doable and of course as we start to introduce more concepts and

tools throughout the course you know liquidity

concepts supply and demand etc etc that can increase our probability

of knowing when to try and do that but for now purely just concentrating on

market structure um you can see that just waiting for more confirmation the

more confirmation you wait for the higher probability you're going to

have of knowing that that weekly high low or at least a weekly run is about to

kick in and then you can hold on to trades with

a lot more conviction and confidence and a much higher strike rate right because

even though we get that change of character down here you have so much

opportunity right there is literally no need for fear of missing out right to

then capture on what ends up being a huge move and there's just going to be

you know you can literally just wait for the

daily chart right because the daily chart doesn't switch bullish until all

the way up here so you might want to wait for that daily chart to switch

bullish to actually give you a lot more confirmation that the weekly high low is

in place but look you're still going to get

days and days and days of intraday entries to then look to capitalize the

rest of that weekly move

all right but all of it you can see here happened first on the 15 minute time

frame right remember what we're saying about the four hour chart at that point

right we still have to assume that the four-hour chart is bearish because this

is still a four-hour strong lower high so even though we're pulling back um you

know when we get that change account to the downside we can be looking for

shorts to target that weak four-hour low but then what happened remember we had

that minor move and then we took the low and then we took the high and we had

that four-hour change of character again to the upside what was that four-hour

change of character over here it was the 15 minute switching bullish again right

so then at a minimum we can target this week four hour high but it ended up

changing to that four hour trend change which gave us our daily change of

character right and then we move higher but at that point right then we're still

playing within this bearish daily range and we have to assume that this daily

lower high is going to hold right so let me zoom out before i chart

so we can see how this thing's up a little bit better

so as price is coming up towards this daily

lower high right and we and this is kind of a good

point to talk about you know having a trend bias but not being attached to the

outcome either way letting all of the time frames give you that confirmation

and being happy to trade in both directions so you may have a daily

bearish bias right but you're still happy to look for longs and look for

shorts but you use that trend bias just to manage your expectations potentially

of you know how far to try and push those trades how far to try and manage

them okay so as we come up into this uh daily lower high right people who are

not understanding market structure or you don't have a firm grasp of uh

multi-timeframe analysis right what are they going to see they're going to see

price come up to this daily little height they're going to see this

bearish daily candle close they're going to pretty much see a triple top right on

one two three and they go okay that's a lot of confirmation i'm going to try and

short and what happens they get absolutely smashed and then we see that

volatile move to the upside okay and it's because they're not understanding

where are we in the weekly chart right we're in weekly discount prices um the

four hour has switched bullish right obviously the lower timeframes all

switch bullish so when we get into this area and we're expecting that daily

lower height to form all right what happens the four hour never switch is

bearish right we get that move for our pullback and then we continue straight

up so this is why if you want that extra confirmation that the daily lower high

is gonna form then drop down to the next time frame you know and ideally wait for

that four hour to switch bearish right so on um and so forth and then obviously

we have that uh continued for our bullish trend um so the daily is now

bullish at this point so what do we expect after a daily break

of structure we expect a daily pullback right but this is another key point i

want to make is if you're sitting in your charts right and actually the daily

breaker structure actually happens just there on the 16th of april as it closes

above now from the 16th of april if you say to yourself okay i've seen a daily

bullish break of structure what do i expect i expect a daily pullback and

then you just sit on your hands this entire time right waiting for that

pullback to to kick in before you even look to get long right you're going to

miss out on one two three four five six seven eight nine ten you know

almost two weeks worth about a week and a half's worth of potential intraday

opportunities to still trade that daily bullish run right so

you know you don't have to but if you are more of an active trader and you are

looking at intraday moves right you can be aware in the back of your mind that

there is a daily break of structure and we're expecting a daily pullback but

that doesn't mean you have to sit in your hands for another two or three

weeks right and wait for you know to the 5th of may all the way from the 16th of

april to then look for pro trend longs again right you can keep taking longs

but why this knowledge helps you that you're expecting a daily pullback is

that you're not trying to swing for the fences and really you know push us

another however many pips because you're expecting at any point that daily

pullback could be kicking it so what can we use purely just from a

market structure viewpoint to tell us that their daily pullback may be kicking

in well as you can see if you look at the minor price action right there's

minor pullbacks it stays bullish the whole time then we get that change of

character here right that's the first time there's that sign or weakness on

the daily chart where we get that internal lower low right on the 30th of

april and we get that change of character so if i draw on that daily

change of character what most likely do you think that will be on the four-hour

chart it will most likely not always be a

uh for our trend change in this case it was

right if we zoom straight in over here where we have the dotted line for the

daily change of character that is where we got that four hour bearish trend

change right so after we had that huge daily move and

we then get that four hour bearish trend change now if you remember what we spoke

about this section of price action back here when we just looked at one time

frame right and the basic market structure walk through

we knew that although the four-hour switch bearish because of understanding

on the daily chart now that it's just a daily pullback right um that we can't

expect the four-hour bearish trend to necessarily last that long right we

can't suddenly go okay before i switch bearish now i'm going to expect a

bearish trend that just lasted as long as that bullish trend there right and

have a really deep move down here why well because at any point it's just a

daily pullback it's just a daily correction and that daily high low can

be kicking in so this is where multi-time frame analysis really starts

to play its part right especially when the weekly's bullish and at this point

we would be anticipating that that would be the weekly high low and we would be

then anticipating that this weekly height is going to get run and we'd be

looking for that move there okay so when you see that four hour bearish trend

change you can't just start swinging for the fences with all your shorts and i'm

wondering why you know you took a break even or given all that profit back well

that is why because it's just a daily pullback

also as well um hopefully as you guys start to do more and more testing with

your premium versus discount um and you will see especially on different pairs

right when we first get that initial trend change right because obviously the

daily was bearish for quite some time and then we switched bullish right

how often does that first pull back after a trend change come all the way

down and towards the discount rate how often do we get a very very deep

pullback after we get that initial trend change

especially when that bullish trend change is with

the weekly trend right because that's a lot of momentum the weekly and the daily

chart right and we're expecting that move so you can use all of that

knowledge together that when we get that daily change of character when the

forest which is bearish that does not like to last long that's probably just

going to be a short little correction a short little retracement to then

continue that bullish move then obviously of course as we go on and we

start to get later into that weekly run and we get later into the daily trend

right and each time the daily breaks are high right what's happening we're

struggling we're retracing straight away we break the high we retrace straight

away and then we're kind of struggling to break these minor highs right and

that's eventually why it then leads to reversal because you can see the bullish

pressure uh that demands starting to run out right and sellers starting to step

in every time price breaks a high okay so let's just run the rest of our

daily structure so we get that daily pullback which is then

what was confirmed right with the four hour trend change

uh then how can we start to anticipate where

that daily high low is remember it's not always going to come down to the premium

sorry down to the discount if you're bullish so let me mark that leg on right

and this is what i mean by premium discount it's just a tool

right it's just to help us to increase probability

now it's not a strict requirement for me i

don't have to wait for price to move into the discount in order to look for

longs i'm happy to trade in the premium right it's not as high probability but

i'm happy to because otherwise i'm going to miss out on a lot of potential moves

okay so what can i use to tell me if price isn't in a discount how

potentially that daily high low may be in place well the four hour is going to

switch bullish right and then we can wait for price to come up here and

switch bullish again or maybe we can just anticipate it a little bit earlier

and wait for that four hour change of character or will that four hour change

of characters be on the 15 minute if i scroll all the way up across

oops and we get over there right down here so that was that for our

change of character over here right what is that in the 15 minute chart it's the

15 minutes switching bullish right so hopefully you know you can really see

how they all inter relate to each other but let's just try and kind of stick to

daily shots now so we don't get too bogged down all the price action because

i do want to kind of cover this to where we are currently in the market

so for me we get that daily break of the high just this one another another swing

high there right after that pullback now this isn't the most you know the largest

of pullbacks but this is where you kind of you this will come with experience

you have to read what's relative to the current price section because obviously

over here right we had these big that was a minor pullback and it's a big

swinging price then we have the pullback and it's a big swinging price and then

we have this big leg here but then you can see the pullbacks are getting

shorter we break the high and then we get a pullback right so

that's what's happening here right it's smaller pullbacks you kind of have to

read it that we're starting to move quite correctly now so for me that is

enough of a pullback as it's relevant to the most recent section of price action

but then here when we break that daily high right i wouldn't classify that as a

swing move even though we do pull back and then we close above that high i zoom

in a little bit more right that for me is not enough to be a swing pull back

that is just a minor pause and price action right that would really be the

four-hour swinging price for me that is one big daily move up so at that point

we are playing within this bullish daily range here

okay so how can we anticipate that daily

pullback well we can look for a daily change of character which is what we get

here what is that daily change of character going to be it's a four hour

train change right and then we get that four hour trend change um over there

then we get the four hour break of structure we look for the four-hour

pullback right to form that lower high and then how do we anticipate that that

four-hour lower high is over we wait for a four hour bearish chalk right that

bearish money breaking structure back in line with um the overall four hour trend

and then we go over to the 15 minute chart right how could we see that even

more what with that four hour over here what would that four hour

bearish chalk be on the 15 minute time frame it will most likely be a bearish

trend change right so we can see this was our swing high here this is our

swing low right it's the lowest point before that high got broken pricing

comes down it just about closes below and that gives us our four hour change

of character the 15 minute is now confirmed bearish right and then we can

start to look to target that four hour swing low right but this whole time

the daily is still bullish so we do have to be aware that potentially a daily low

cooking and we could get you know that next bullish break of structure to the

upside right but if we continue to look at the four

hour uh

price action right and if we just wait for the four hours to switch bullish

before you know we it tells us that the daily is going to form the high low and

go then we can see that it never does that we can continue to kind of milk up

for our bearish trend and eventually we do get that daily break of shropshire

and we do get that barely that daily bearish trend change right now when we

get that daily bearish trend change we get that closure down here right

the daily is now bearish we're expecting a barely a bearish trend

but what's happened on the weekly chart well the weekly is bullish and we are

expecting a weekly high low to kick in but then as the daily switch is bearish

and we start to come down with a lot of momentum right down here that can

clearly show us that the weekly failed to take out the high right it failed to

even close above this minor high here so that instantly gives us really good

solid information a very high probability not a certainty but a higher

probability that this is a weak weekly low right so now we can work with the

assumption that especially with the daily switching bearish that's a very

high probability to try and target this as a nice swing target and try and play

shorts all the way down and towards running this weekly low right now price

could very much still come down here right and go because until we get a

closure below this swing low we are still bullish now of course that doesn't

have to happen we can still come down now and switch bearish

all right but the whole point is is all the way up here right how many pips away

is that i'll get rid of that and i'll mark it from okay so it's

around here you know roughly that is you know 340 pip target that you can

start to take advantage of and potentially you've got in with a 10 5 4

3 2 pip stop right you do the math on that that is a hell of a lot of

potential rewards to risk but you're using logic right and just very sort of

you know i don't want to say basic but simple

market structure knowledge of okay where is our trend where's my strong highs

where's my strong lows or my weak highs my weak lows this should be a strong

higher low we're anticipating it to be that but when it fails to take out the

high it starts to switch bearish then we're bearish on the daily the 4 hour on

the m15 with a hell of a lot of momentum we can then go okay well it's very

likely that this weak weekly low is going to get run and now we have a very

clear swing target to start to aim for price to get down to right long term

okay um so yeah i mean even though this price

actually we dive back in right hopefully it kind of started to drive the point

home but you know if we drive down to this bit here okay we get the four hour

break of structure what do we expect after four breaker structure we expect

before our pullback and that's where we got the what the four-hour change of

character whoops we can get the paintbrush there we go the four i change

the character down here right took the low took the high what is that four hour

uh change of character down here it's a 15 minute trend change right so you can

see it again and again uh and again there did we get yeah we just about got

a 15 minute change of character there i believe let's zoom in and have a look

right so you can anticipate it even earlier

so it just about took that low there

all right so took the low

and then you know it depends on how aggressive you want to be it's a bit

more of a minor pull back here so you can have that as your as your high then

took the low sorry i'm drawing this wrong again that's the high there

all right when we took this low where's the highest point in terms of the

internal structure that would be your high there's your change of character

and then yeah obviously a lot of moments kicked in and then we went and then we

got our for our pullback how do we know that four hour lower high is going to

hold obviously we can look for price to come into the premium which would look

like it did we get that four hour change of character to the downside giving us

indication that the four hour low high is in place what do you think that four

hour change of character most likely will be on the 15 minute chart it will

be the 15 minutes which embarrass right high high come down we then take the

swing low right and then we switch bearish wait for the 15 minute pullback

and then we can target the four hour low down here right and then it'll be the

same thing again and again and again right

now daily clearly bearish at this stage right a lot of momentum now if you try

and trade when this is happening you see this momentum right and you're trying to

change every bullish m1 change of character every bullish trend change or

maybe even every m15 change of character you know eventually you're going to

catch this move down here right at the low right because if we scroll down on

the 15-minute chart all right

what do we get down here at that daily swing low

we get that minor pullback then we get a minor pull back here all right so it

takes the low and then it takes the high so we get that 15 minute change of

character within playing within this internal range right we come back down

into that low and then what do we get right so that inside bar is a pullback

we come down we then take that high there so then we have another you know

bullish engine character within the change of character just to give you

even more confirmation that this low here is going to hold and the m15

pullback is about to kick in right price moves up comes back in we can look for

longs down here with a lot of decent confirmation at least from an m15

perspective and then play that move there which then ends up catching the

daily higher low right sorry the daily lower low catching the daily pullback so

it will again happen first on the m15 but if you did that and you took every

single bullish m15 change of character right and you're trying to fight all of

that momentum you know if you did it over here right because there was

technically an m15 bullish chalk there right because we took the

low and then we took the high and it could pull back in yeah maybe you can

move to break even pretty quickly but you're just gonna get smash and just

take a lot of losses it's not worth it so you know this is where if you see the

daily moving with a lot of momentum especially with the weekly as well you

know it's like a 300 move or something ridiculous in a few days

wait for a four hour change of character just to give you a bit more um you know

confirmation to want to play that daily pullback right so you kind of have to

read when you want to be aggressive and when you won't and that will come with

time and experience because this line up here this dotted line is that four hour

change of character what is that four i change your character it's the m15

switching bullish so now you have right more more confirmation so then try and

play you know this next few days of moves you have to be aware in the back

of your mind right how far do i want to push this it's a lot of momentum some of

you may go well i want to wait for price to pull back up into the daily premium

right of that swing leg but as you'll find from your premium versus discount

testing right when we get a lot of momentum like that it's the first

bearish trend change right it's the first bearish breaker structure right

it's the first of that bullish trend change what do we know about that

usually that's where momentum is very high and we don't usually get a deep

pullback all right so if you're taking those

longs even though the m15 is bullish and the four hour has a change of character

it's likely not to last very long so then what happens we then start to

struggle to break these minor highs right we break with a couple counters

there we just about close above that one but it wicks straight away and then we

just wick that we don't even get a can of closure above we get the bearish

chuck back in line what is that on the m15 that is an m15 trend change we

switch bearish and now we can look to target that daily low right so it's not

just targeting you know m15 lows at this point you can have confidence at this

point that the daily pullback is now over and we can start to try and hold

those internet entries at least down towards that daily week low right um

yeah so on and so forth let's just continue to mark the daily

because i want this video to go on for hours uh but yeah i just think it's a

very very very useful exercise to go through this and a lot of depth and get

very very comfortable with how the the time frames are all synced with each

other so pricing comes down right it takes quite a while it takes a good few

days three or four days right tries to close below this is where you have to

wait for the daily candle to close before you can confirm that this is the

daily low high right because we don't know that until we get the counter

closure on the 6th of july right and then we pull back

um now this right it's not the most convincing swing pullback so you know

potentially you could view it as a swing pull back but when price is kind of

moving quite small like that right you can have to be in a way in the back of

your mind that that most likely is just going to be a minor high because then

what ends up happening if we mark the daily range from the swing high to the

swing low we come back up into the premium prices right and then we move

down further and this was just used as liquidity which yeah we'll talk about

later on uh in the course so then we get another daily break of

structure down here and that's why right when we got the break of that daily

minor high we got that daily change of character what was it on the four-hour

chart it was that four-hour bullish trend change but why did that bullish

trend change not last why was it just one movement up and then why did we

switch bearish again well it's because of the higher time frames it was just a

daily pullback right so then when we got that four hour change of character down

here although you if you're looking for shorts you are technically trading

against the four-hour chart right it's you can view it as higher probability

because it's still pro the daily trend and we're still yet to target this week

weekly low and we're very near a week high or low it's very likely that price

is going to want to run it right it's going to keep on going down before you

are likely to see a sustained pullback or a reversal

so kind of the point on the drive here is yes deforest which is bullish it goes

with a lot of momentum and it can you know be very easy to think that you know

we're going to start going to the moon right now but you have to ask yourself

where are we within the hard time frames well the daily is bearish we pull back

up into the premium we get that for our change of character so that four hour

change of character is a 15 minute bearish trend change and it can help us

signify that the foia is about to start this pullback right but because like i

keep saying right because the daily it's just a potential daily lower high that

can give us you know somewhat of a probability to actually

want to target the daily low and we can anticipate that four hour bearish trend

change again right um

so yeah it's just you know the same thing again and again and again and all

we get we get that four hour pullback after that daily uh four hour break of

structure there we're pretty much playing within the same range at this

point so sometimes it will sync up where that daily high all right and that daily

low can end up potentially being the four hour low at the same point of time

so how can we anticipate that for our buddhist trend change what did we get

remember this whole time it stays bearish even

with the minor lows and highs and then what do we got we took the low and then

we took the high there so we got that for our change of character

let's go on the 15 minute chart what was that on the uh 15 minute chart just

delete these lines so down here

all right same thing again and again and again

let me draw this on properly nearly there guys

all right we took that daily low so we got a daily break structure there to the

downside

oops that's actually a breaker structure not a change of character all right so

where's the highest point before that low was taken over here so that would be

our swing high then comes up and takes that swing high so now the m15 is

confirmed bullish as we get that for our change of character so the bullish trend

kicks in in order to facilitate a four-hour pullback right in order to

consider facilitate that daily trying to pull back as well after that daily break

of structure um and then you know this is when this is basically how we start

to build trade ideas right so now we're anticipating a four hour pullback let's

kind of talk through this how would i be looking at this in the live market well

expecting for our pullback so now i would mark on my four-hour

swing range right from the low from the high to the low expecting price

to pull back up into the premium right but at this point we're down here so i

can start to target up towards this point at least right

so if we look at the 15-minute chart we switch bullish then we have a

pullback and we take another high all right so that's another break of

structures we've got a double breaker structure to the upside and now we're

playing within this high here and for me this low here right so this whole time

um you know you can play the shorts right and you can play it down to the

bottom of the range but the whole time the pro trend move i'm trying to look to

get really is the pro m15 trend to play that four hour pullback up into four

hour premium prices so once you know you can mark this out as well on the m15

right you mark it out on every single time frame

if you wish to do so right so that's our range so anywhere below this red line is

the discount prices right so anywhere within here is ideal to start looking

for that low to try and catch that next move now when you see a lot of times

right price will be taking highs right retracing taking lows retracing

taking highs and retracing we'll talk about this a little bit more and later

in the course but essentially that's when price is just ranging it's

struggling to find that internal trend right and we're just chopping around and

that can happen a lot when prices at the eq right of a larger range

sometimes when you see that highs and lows getting taken it's better to just

stay out and you want to what you want to do is concentrate on buying in the

bottom 25 percent of the range and selling in the top 75 of the range right

and that'll essentially keep you out of a lot of mess within here so if you're

trying to catch that 15 minute high low to trade that for our pullback right

down here is going to be you know the highest probably area to look for that

move but if we just concentrate on market structure what happens

price comes down and it tries to form a lower low right it tries to break that

m15 swing low but it fails to close below so that's a really good warning

sign right that's just grabbing liquidity right it's failed to try and

push lower so it's very likely now that that's a bullish sign and we are going

to get um that move there so when you see that right the m15 filter goes below

you could literally be on the m1 time frame right the one minute you could

look for an m1 bullish trend change and you could start to anticipate that move

but if you try and take every m1 bullish trend change sometimes you're gonna get

full signals okay you might get high risk reward but you might get full

signals so what can we do to increase the probability that the m15 high low is

in place well we can wait for the m15 change of characters so we get that

movement down we get that pullback we get the break of that low which means

that we have a minor high here so then price comes up and we get that change of

character over here so now the m15 has had a bullish change of character which

is in line with potentially anticipating a bullish m15 high low is in place so

then we can wait for the m15 to pull back right again you can just mark out

this internal leg here right

you can wait for price to pull back into the discount

and then we eventually get the move now it chops around for a little while and

this you'll see this a lot in the m15 and the reason why is because this is

during the asian session such typically my volume is quite low but then during

london right it dips again into the discount and then what do we get we get

that change of character right where it takes a high and then we're off okay

and that is essentially where we would have been looking at the

whole time from when the m15 tried to form that higher low we've got the

change of character to give us a good indication that the m15 high low is in

place within the discount of the actual swing range we then get that internal

leg up we then we can wait for price to pull back into the discount of that

internal leg right and then there's plenty of opportunities for entries

which we'll get into at a later date to look for longer than here especially

during london and then boom you're off and you use all of that to do what to

anticipate the

uh four hour

pull back up into the premium prices right

and then when we get up there we can then look to start to see the the m15 um

you know switches bearish right to then anticipate that that four hour uh lower

high is in place so what's the most aggressive way to do that at least from

an m15 perspective well it's bullish the whole time and then we get that minor

pullback and then we take the low right we get that change of character and then

what happens you end up getting and anticipating right that four hour lower

high and then we get that next move to the downside right so on and so forth um

you know hopefully this is really starting to

kick in now um you know even when we come down here

we just look at this last bit of price action we get a four-hour break of

structure what do we expect we expect the four-hour pullback now in this case

actually no we do so what do we get we get a four-hour change of character

right because that is the low we spike that low which means we're drawing the

for our change of character it means we have the for our high there

all right so then we get that bullish for our change of character what is that

on the uh 15 minute time frame that four i change character is the m15 switching

bullish right so when price came down here

right at this point here get the paintbrush to try and form that

m15 breaker structure it tried to close below and you know form that lower low

but it failed to do so then what did we get we want this out properly we've got

an n15 change of character down here right

which then gives us uh

a really good indication right that we're going to get at least an m15 pull

back up to the premium up to the lower high because that would be then 15 lower

high at that point or we're trying to anticipate what we're anticipating the

m15 is going to switch bullish all the way from down here because we understand

that the four hour needs to pull back right and we're going to get that bigger

pullback potentially up into the premium of this bearish range right so now when

you see that the m15 fails to form a lower low

we get that bullish change of character we're going to pull back into here right

we look for that high low and we can start buying and that whole time was we

were just trying to anticipate this large four-hour move here

back up into the premium okay all right and now it's

up into the premium what can we anticipate we can anticipate that the

four hours still bearish that we're gonna get that four hour lower high and

we can try and look for moves to take out these lows here right so

how can we anticipate where the four hour lower high is as it starts to get

into the premium well we just wait for it to start to switch bearish so what do

we get well we get that minor movement up here we get that movement up there

now we pull back we fail to form a higher high we take this low it's just a

substructure low so you can remember what i said about substructure you can

still use that as an indication that we're about to switch bearish but minor

breaker structure is more significant and where is the minor breaker structure

well that's the minor pullback so when we break that low and we get that minor

breaking structure for me that would be the m15 change of character that i would

personally want to see i don't really like using substructure

break so minor breaker structure is what i want to see for my change of character

then we get that indication right that the uh low high may be in place or the

internal lower high should say on the m15 and we can anticipate right the m15

switching bearish and then we can try and see if that's going to be

the the four hour lower high there right now not saying that it definitely will

be and there's other things that we need to look at to increase the probability

because we've only just pulled up into the premium and the m15s only just had

that change of character there right so that's the first good sign that we can

start looking for shorts but it's no guarantee what you'll find in live

market is that will happen we can start to position ourselves and look for

shorts and we can start to target these lows but sometimes it will literally

just be a bit of a pullback uh a bit of a pullback right and then it

will change character again and it will continue up higher and it just simply

means that before our chart is just trying to pull it up into more premium

prices okay and that's okay but we continue to follow up follow our plan

we're not attached to it we just wait for our setups to align we'll wait for

multiple time frames to start to switch bearish to give us more confirmation

right and then we position ourselves again and we just keep playing that game

again and again and again because you know

i don't know for certain no one knows if we are going to form a lower high here

and run those lows the probabilities are at the moment is that we will but what

could happen and you have to not forget is that we are heavily in discount

prices in the weekly chart in a bullish range right so at any point this weekly

high low could form especially now that we've taken out that week weekly low

right so price has now done its job and at any point we could then go

right but i'm not gonna start um taking that with a lot of seriousness

and conviction right if i was to get in along let's say i entered a long trade

i'm not gonna suddenly go well the weekly is bullish i'm gonna try and take

out that weekly higher high why well i have no confirmation that of that just

yet because the four hours still bearish daily is still bearish right the only

kind of bullish timeframe there is at the moment is the m15 and lower um so

what i will do is i will keep essentially looking for those four hour

and daily shorts until the four hour and the daily start to switch bullish you

know once the daily starts to get that change of character and starts to switch

bullish right then okay now we have a lot more confirmation that potentially

the weekly higher low is in place now don't get me wrong you could have seen

this m15 change your character down here and taken this

long down here and you were well within your rights to swing that position and

target a weekly high right but you just have to manage your expectations um of

of the probabilities of when and when that happened because if you are the

type of trader who always tries to swing those weekly moves um you know a lot of

times you're gonna give a lot of profit back to the table okay now we'll talk

about management in a lot more depth later on and how we can do that you know

we can take partial profits along the way and you can take hedges and things

like that but really at this stage just want you to really be thinking about how

interconnected the time frames are and how we use that to increase our

probability of entering trades right because ideally we want to be trading

pro trend with as many time frames in agreement with each other but we don't

have to do that right we can we can like you know i keep saying like bruce lee

says right flow like water we can literally ping pong these

positions and trade back and forth so we have our trend biases but we're not

attached to them we're happy to know that the four hour is still bearish but

we can look for both longs and shorts it's just knowing that the foia bearish

will uh dictate how far we try and push those

moves okay so yeah i guess one last thing i'll say

is you know just looking at these four time

frames what do we get if we get a you know a a four-hour break of structure

and we're expecting that four-hour pullback we see the four-hour change of

character what was that on the 15-minute time frame right it was a 15-minute

change of character so we see the 15-minute change of character which then

leads to the 15-minute break of structure that 15 break break of shut

share right to give us that buddhist trend change was what it was a four-hour

change of character that four-hour change of character can often lead to a

four-hour break of structure a four-hour bullish trend change which would then

give us what would give us our daily change of character that daily change of

character could then lead to the four hour so the daily uh breaker structure

the daily swing change uh the daily swing trend change right

and then that daily swing trend change could then lead to the weekly change of

character right and that's how the changes the characters and the true

breaks of structure those true sort of swing trend changes can give you um you

know confirmation working your way downwards to upwards um to really really

give you know an indication of of what is going to to happen next um

and you know again i'll go over it again right

just to try really drive this home i know it's a bit pedantic but see when

i'm in the live market it's very easy to get caught up

especially with all the time frames when you'll be looking at even more than four

time frames at times and you're trying to you know get entries on the m1 things

can be moving a lot and you can get very lost in price action but literally every

time i sit down the charts i say to myself speak to myself like a baby like

i'm trying to program this into an algorithm i follow the same mechanical

framework what are we doing here right well the weekly is bullish where are my

highs and lows right that's a strong low that's a weak high price is back into

the discount right and trying to anticipate where that weekly high low

may form um you know so on and so forth same on the daily chart where are we are

we bullish or bearish are we in the premium discount where is my weak or

strong high low same on the four hour chart right so

we've had our four hour pullback we've had our four our change of character but

where are we we're now in the four hour premium so i have to start thinking that

potentially for our lower high may be forming how can anticipate what that for

a lower high may be in place well we get a 15 minute change of character but

ideally i want to see a 15 minute bearish trend change just to give me a

little bit more confirmation because that bearish trend change on the 15

minute will more likely be that for our change of character right so then

getting more and more confirmation um yeah so on and so forth so

i'll leave that there before this video goes on um any longer i really just

think you know nailing multi-time frame market structure i know i've ranted

about the importance of market structure a lot but

yeah i just i just it is king it comes before everything else no matter what

strategy you trade it will really have the biggest um determination on how

successful uh you are in my personal um opinion so that's why i just think it's

so important you spend so much time mastering this before you even start to

overlay um you know other concepts that we are going to look at you know this

becomes before everything and it's what always has my main focus it will

literally be the biggest dependent on how high your strike rate is and how

high an average risk to reward ratio that you can achieve and obviously we

want to get both of those as high as possible as that will really truly

define um how good of an edge that we have in the market so

do this on your charts hopefully you should already have you know the four

hour a lot of the four-hour structure laid out so you know if you're doing it

you're a dollar this is a really you know a good way to do it right just mark

up the weekly range you're in then go down to the daily and just do all of the

you know the daily um trends you may want to do it all at one time and then

go back through see how that looks on the four-hour chart right where you have

your daily changes of character see how that syncs up on the four-hour

chart and when you go for the four-hour chart and you're looking at where you

had your four-hour changes of character right look on the m15 and see how the

m15 switches trend but i also want you to look at you know a lot of times where

those full signals are occurring right and try and get a good indication

especially with whatever pair you're trading and concentrating on try and get

a really good feel for it of you know say to yourself do i want to always want

to be waiting for price you know if it's bullish do i always want to wait for it

to be pulling back to the discount or if i don't um so let's talk about this area

here right when the daily was bullish and it was

pulling back here and we had a sync up the four-hour chart right this is where

you will really start to refine your training when you really start to get

comfortable this and ask these questions yourself right so when the daily is

pulling back and i want the the the four hour chart to to look bullish right

because you want to try and time where that daily high low is

well let me rephrase this actually if the daily is pulling back and you're

expecting a daily high low and you want to get long right the easy thing to say

is okay well i'm not going to look for longs i'm not going to look for that

daily high low until it's in the premium okay but you want to figure out of what

confluence do you personally need to see in order to kind of give you a good

indication that the daily high low may be in place so you can take a long

position and hold that long position and try and swing it to form a daily higher

high now some of you may want to see a four hour bullish trend change so you

wouldn't be kind of holding those longs until over here some of you may only

want to see a four-hour change of character right which would pretty much

just be a 15-minute bullish trend change whereas others of you may every time you

get that 15-minute change of character i mean this isn't where it was over here

but every time you see a 15-minute change character right you may be the

type of trader that just wants to then try and swing it and always hold on to

it but then you have to accept that potentially you're going to get you're

going to be getting in too early a lot of the times and price may want to pull

back deeper right but it's just taking the time getting experience and

collecting data of when you're a person can be happy and when you can stay in a

trade plan of you know what you think is good enough confluence to then want to

try and push push those swing moves and have those more sort of higher timeframe

targets but yeah so what i would say is that a

minimum go through the bit of price section that i've gone through obviously

if you're looking at this at a a much later date than when this video was

recorded then you're probably gonna have you know a decent amount of price action

obviously to the right of the screen that you can see now on mine and maybe

just continue on from where i've done right do what i've done go over it but

obviously it's good to try and do price action that i haven't already spoken

through just so you can really you know practice it

and go through it uh yourself there um yeah just spend lots of time go through

all the different time frames 15 minutes go even lower right you know look down

here on the five minute at the moment how did this all play out right how

could you have potentially got even even earlier um so on and so forth and just

get yeah really really comfortable accept a lot of data so i hope you took

some value from that hopefully now you can really see you

know all the theoretical concepts that we've gone through and now we've built

our way all the way up to sort of multi-timeframe analysis and how it's

starting you know to piece together so you know i i

highly encourage that you watch through just the market structure section so

then watch for all of these videos again and again and again you know try and uh

just yeah um just drill it into your unconscious and yeah eventually it will

just you know feel really really natural um especially when you practice this in

the live market and you see how it develops day by day yeah i'll leave that

there have a practice don't be afraid to show

the charts in the community if you want some feedback and see how you get on

all right