All language subtitles for 4 Market Structure Basics Exercise

so now that we've covered all of the basic market structure theory

we're just going to very very sort of briefly and quickly go over

a bit of price action on the four-hour chart

so specifically the month of march in 2021 on our four-hour

chart we're just going to do one month's worth of price action and we're

essentially just going to apply all of those theoretical concepts to actually

these real life you know price action examples in the market on the charts now

as i go through that it's just going to give you kind of that that first

indication sort of of how we use these it's how we apply this concept so you

can actually see what it looks like and then after this video what i want you to

do is then go in your charts right from the

1st of april 2021 and i want you to go all the way to

about the middle of august 2021 and i want you to map on um your market

structure basically just applying all of the

concepts that we have just spoken about now the reason why i want you to do it

straight after this video um or at least before you watch the next

video because in the next video um we're gonna do a walkthrough and i'm gonna do

this you know myself essentially for you guys and

we're going to go through every single bit of price action all the way to here

on the four-hour chart uh mapping on structure and just really dissecting

price um yeah just really talking through the price action that we see so

we can get a really really solid understanding of going through it in

depth um but i think you will get a hell of a lot more out of watching that video

if you have a go at doing it yourselves first because you know if you just watch

the theoretical video that you're watching now right and then you watch

the next video where i'm going to walk through and apply the concepts it might

you know potentially could seem quite easy go yeah yeah all that makes sense

right um but then when you go to do it yourself that's when suddenly you

realize where you know the gaps may be in your knowledge or your understanding

so yeah i just personally think um if you watch me do you know one month's

worth of price action now and then you go and yeah do all of this so april 2021

to august middle of august

2021 if you have a go at mapping it yourself and then you can watch the next

video and you can kind of compare and contrast to sort of how you saw things

and you can hear my thought process as we go through and i just think you'll

get a hell of a lot more out of it if you've given it a go and attempt it

at first um now what i will say is at a bare

minimum just mark out your swing structure so just do your swing highs

and your swing lows uh but you know ideally just really

spend your time uh going over this in a lot more detail i'm really going through

you know looking at minor breaks and substructure breaks but anyway i think

as we go through this one month bit of price actually now that i'm going to do

you'll kind of get a good feel for it so if we look at the start of march and

around up here what we can see

um before we kind of start to map the structure that we're looking at is we

kind of need to trace back a little bit just to make sure that we know um where

the actual true trend is and that we're not analyzing what potentially could be

substructure here let me just change the color of this so we can see a little bit

clearer there we go just to make sure right because sometimes you could zoom

right in just think you know we were just bullish when potentially you know

it could be actually substructure with a bigger high and a bigger low but yeah if

we look back you can see here we then switch bullish

we had the pullback then we broke the high so we're clearly in that bullish

trend and then we pulled back here and then took that high there so

let's take a look at this kind of first low here just going to use the uh the

info line so the way that i personally use to draw structure you can use a

trend line but i personally just use the info line

and i'm just going to map that from that low there so generally when you're

mapping your your drawing structure and you want it

to be very accurate uh from the wick what you want to use is magnet mode on

over here and what that means is you know when i put my mouse in there see

how it just snaps on without my mouse even being near to it and that way you

can get really accurate drawings and then when you want

to draw your line across if you hold down shift right so if i move my mouse

away you can see for the most part right it will keep the line straight as you

draw across so just a really handy tool there

another thing as well is say if you're using the paintbrush tool right and you

want to you want to draw without kind of it

kind of sticking to the the price action and so you basically want magnet mode to

be off if you hold down control or commands you can see how that's flashing

when i hold it down it takes it temporarily takes magnet mode off and

that means i can draw nice and freely without it kind of trying to snap it to

each bit of the candle anyway there's just a few little sort of training to

trading tips there trading view tips i should say now i'm just going to change

this to the pre-saved templates that i have for my four-hour break of structure

so when i click on that it populates um you know how i want it to kind of you

know map it out so you can do this a

multiple number of ways the first thing i would advise is you

look at the visibility settings so when you draw

your four hour structure in this case the way that i personally want um

this structure to to show is to only show on this time frame and lower so of

course we'll talk about multi-timeframe analysis in much more detail in the

future lessons don't worry about too much about this now you don't really

understand what's going on but generally what i would advise is for whatever time

frame you're drawing um your analysis on generally you only want

it to appear on that time frame and lower just because when you start

jumping up the time frames it can make your charts look extremely

extremely messy so yeah that's what i would recommend and obviously you can

then put your text in here now what you also may want to do i just have it in

the middle just keep it simple but for a bearish break of structure you may want

to switch that to the bottom right and if it will say a bullish breaker

structure you may want to switch uh change it to the top and then save those

both as different uh settings there but i just keep it simple just means i have

to have you know one less click and just keep it in the middle and obviously you

can then change the the style of the lines and have a play around with that

that all there but yeah that's essentially how i do it

so let's constantly concentrate on actual structure so we have a nice

pullback here we make that higher high and then we come down and we get a

closure below that low so where is our swing high at this point when we get a

closure below the low into this point up here so this is the tool i use and we've

got the symbols just essentially use the circle um just to mark out the swing

points visually there as well so

we get our brake construction to the downside now did we have any indication

that potentially price was starting to weaken and come down lower before we

actually got that break of structure well if you look here what did we have

we had a movement up right and you see this candle here right it fails to uh

breach this candle's high this kind of let me zoom right in and

you'll see exactly what i mean

so you see how we move up and we pull back right because that

candle if i move this other way fails to take out this candles high right so that

means it's a minor pullback and we get that break of structure to the upside so

what that means is that because that took that minor height and that means we

have a minor low here so then when price moves up and then comes down and spikes

that low what we have is a minor break of structure once we get the candle

closure below that low but we also have a change of character right

that internal change of character so i can also mark that out here

so if i have a pre-saved template it's a little bit hard to see but

essentially just a dotted line there just to show me that we have that minor

breaking structure to the downside we have that for our change of character

now what does that change of character signify it signifies that the pullback

may potentially about to start right because it's that first sign of that

internal lower low on the four-hour chart right that first line of weakness

that first sign of a pullback um or potentially that the reversal was also

going to happen which is what we got okay but of course it's not confirmed

until we take until we get a closure below the actual lower which we then do

get then price continues to move down now

this for me is just a bit of a minor pullback right it's just a pause in

price action that for me is not a swing structural high so for me this is all

part of the down move right so this is all one big uh swing leg and then we see

right the true sort of swing back kick in so for me this down here is then the

swing low so when we get a break of structure for our

break of structure what do we expect we expect a four-hour pullback right but

how do we know when that four-hour pullback is going to kick in well of

course there's plenty of confluence that we can use such as supply and demand

zones and liquidity concepts and multi-time frame analysis but that's all

the stuff that we're going to get into in a bit right we haven't spoken about

any of that stuff just yet so right now all i want you to think about is just

the concepts that we have learned right in this lesson about market structure

and just on one time frame and keep it very simple

so just based on market structure alone what can we use to signify that the

pullback or the run has ended and the pullback is about to to kick in we can

look at those minor breaks of structure right so we have the movement down we

have a minor pullback we have the movement down then we have a minor pull

back here and then we have the movement down and then we come up and we take

that minor high right we have a minor break of structure

to the upside so i'm just going to grab this tool here just so i don't have to

keep grabbing up here so if you want to copy

sort of copy and paste a tool duplicate at all if you click or if you hold down

command or control and then you click and drag the tool that you want it will

just give you another one there and then we'll snap that into place there okay so

whoops it's not meant to go that fast and now we get that four hour change of

character and that shows the spring one's gonna end and we have that that

minor breaker structure to the upside now how far do we know that pullback is

going to go purely in terms of market structure while we look for a change of

character back to the downside right back in line with the overall bearish

trend because remember at this point we are within this bearish range where that

high is and where this low is so what can happen in theory if i move

this out the way all right is because this high right

took out a low this is now a strong high and this high should be protected

because big money stepped in right so now price should not come all the way up

and it should not breach this high right and it'll stay bearish as long as it

doesn't take out that high so in this case we get the pullback right how do we

know the pullbacks over but what do we have we have the movement up we have a

minor pullback like that right and then we have that minor breaker structure to

the upside so this then becomes a minor low and

then price takes out that lows then we have that change of character back to

the downside again we are now bearish in line with the oval bearish trend right

so the internal structure is now bearish so now we expect that this weak low is

likely to go because it never took out the high and then price continues to the

downside right so when we get let's delete these lines

when we get that uh for our that second four hour break of

structure so let's map it out all right

map it across here where is our new lower high where is our

new swing high well it's the highest point before this low broke right so the

highest point between the previous range so we look at where the previous low was

that's where the pullback initiated and that's the highest point from where that

pullback started to where we then got the break of structure so this one's a

pretty easy one to spot right this will clearly be our swing high and then price

has a pretty big impulsive move to the downside we have a bit of a minor

pausing price action there that for me is not a swing and then we have another

movement down so that's all part of the one big swing leg and then we are

playing within this range here okay so then we can mark out our swing low

with that circle line and now how do we know or sorry what i should say is what

do we expect after four hour breaker structure we expect a four-hour pullback

right how do we know when that four-hour pullback is likely to begin well we can

look for a change of character to the upside and what do we get we get

that minor breaker structure uh over here

right and then that is our change of character there to the upside now there

was a substructure break before right because this is the minor high and then

we get the movement down now we get this movement up here and then price breaks

this high here but that is purely just a substructure break right so it's not as

significant it is a sign but it's not as significant until we break minor

structure of course which is more significant than a substructure break

such a first real kind of decent change of character that the pullback is

kicking in but again the trend is quite strong in this case so we get the

movement up um then we come down and we take out

this minor low so we do get another change of character to the downside so

potentially now this is going to be our for our new lower high our new lower

high and now we can look to start to target this weak low okay

so we get that movement down now price does change character again to the

upside right but it never takes out this high so it kind of stays bearish right

that lower highs that potential lower high has never breached and then we

start to change character again to the downside again and then we start to go

right so it's not always super nice we get a nice little trend when you're

moving up you get a change of character and then it just goes straight away

right sometimes price can chop around a little bit start to form a bit of a

range and it can get a little bit more complex but the main thing that you

should always do if you ever get confused is as long as you have your

high marked out it's not a very short line but you're high and you're low

marked out then at least you know where the predominant trend is and as long as

you're kind of looking for shorts you're not going to go too far wrong right um

because you're training with the predominant trend in that case so then

what do we have we get our four hour break of structure

now a really important but kind of simple point to note is that we never

actually know what that this is a confirmed little high right until we get

this break of structure and the candle closure below that low there because

you know you can see everything you want to see and you can see prices coming

down really nicely right and you can have really high conviction that we are

going to get that that break of structure and we are going to get that

lower low but price can still come all the way down to here and then it could

go all the way back up again right and we could get a break of these highs and

prices could keep going up but remember we are still within this bearish range

until that high is taken out so what that means is we just formed a bit more

of a complex pullback before potentially we may then go right so remember this

lower high here

that does eventually form is not confirmed until we get that break of

structure but of course we can start to anticipate that it may be the lower high

when we start to see those bearish changes of character

right to the downside so just do another little bit towards the

end of the month and then we'll start to wrap this up

all right so where is our swing point i've drawn already so i've given you the

answer but you can see that was just about the highest point before that low

broke from the previous range right you look where the pullback started and they

just find the highest point from there before the low went and then we are in

our next swing range now once we get that break of structure we

start to pull down and then we get a quite a decent pull back there so this

is kind of one of those ones where um it's a little bit subjective whether you

would call that a swing pullback or it's just a minor pullback

for me personally i'm happy enough to call that a swing pullback right it's a

decent amount number of candles we had a pretty big sustain move there and then

we eventually took that low so i personally will be calling that

swing structure now this is where training you know it's a

little bit of a grayer everyone's going to view things slightly

differently and if you don't view this as swing structure right and you view

this entire leg as the swing that's okay right that's more than okay

but the main thing is is that you are always consistently viewing structure

that way and you always map it the same way like that right so it doesn't matter

if you do it the way i've just done it or if you do it more conservatively what

it matters is that you do it consistently because remember we are

playing a random game in an uncertain environment so how do we increase our

probability of getting consistent results

in a really inconsistent arena well we have to be consistent in the

variables that we can control right and obviously our analysis is what we have

control over so we need to be consistent in how we're mapping it so that's just

kind of a point i would i would want to make about that okay so then

uh we then get that lower low right and then this would be my lower high here at

that point and we are then playing within that bearish range between here

so that brings us pretty much to the end of march now what i want you to do

is uh go on to um

on your chance now right from april uh the start of april 2021 and then just

basically do what i've done there and go along all the way to

august 2021 as well really take your time the main most important thing i

want you to concentrate on is just mark out your actual true swing breaks of

structure and then mark out your actual swing highs and your swing lows right

whether you want to use a dot or just a way of marking it and then you know what

i would also really advise is that you spend time looking at these minor bricks

of structure you may want to mark out the substructure breaks as well you know

you may even want to write uh you know like um emboss on it for example just so

you kind of can really pitch them out in your mind if that helps um may not

necessarily recommend it in live market just if you want to keep your charts

nice and clear but yeah whilst you're kind of practicing and that can

definitely be very very useful too but the questions you want to be asking

yourself you know is what do we expect after a break of structure we expect a

pullback how do we know when that pullback is about to start we look for a

minor break of structure okay how do we know the pullback is about to end we

look for a minor breaker structure to the downside right and that's how you

can say it in your mind then when we get the breaking structure how do we know

where the swing high is we look for the highest point right before that low

broke so on and so forth and just really study

and practice kind of how you can try and spot in advance where that pullback may

be kicking in right and where that pullback may be ending

and this is going to be really really key but anyway i don't want to keep

going on because obviously this video is pretty long now already um but yeah have

a go at doing all of this and then watch the next video and you'll see me go

through it really slowly step by step and yeah you can see my thought process

in a lot more detail and i think you will really get a lot out a lot out of

it now the last point i want to make is when you do this right save down a new

template before you start the activity and just save it down and call it

i'll call it whatever you want back testing practice arena i don't know

whatever whatever floats your boat but the reason why i want you to do that is

because what we're going to do now through all of these technical analysis

lessons and the module is we're going to obviously you've just learned right the

basic market structure concepts and those theories we're now applying them

to the charts and then from then on from each lesson

you're going to learn a new concept or we're going to build you know more

advanced ideas into those concepts that we've just looked at and then we're

going to go into the chart and we're going to apply it and then we're going

to go into the next lesson right we're going to learn the next bit of theory

and then we're going to apply it apply it back into our charts so as we go

through the whole module right this whole bit of price action is

gonna you know we're gonna start essentially layering on those concepts

that you're learning and it's all gonna start um you know to piece together that

big puzzle um you know that we are uh you know trying to trying to create so

um yeah basically it's just gonna save you a lot of time that you don't have to

keep redrawing this every time um you know you hop onto the charts but anyways

i'll leave that there have a go and then yes see how you get on when we jump into

the next video