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"Structure" of the market

  • #81
  • May 4, 2018 11:05pm May 4, 2018 11:05pm
Quoting mzvega
{quote} I guess you never heard of a "Market Maker" It is the job of the MM ……to facilitate and encourage trade. They do this by using the "price discovery process" The purpose of any market is to facilitate trade. Lack of trade facilitation inevitably causes price to move. This price movement behavior is as true in the organized markets as it is in a grocery store or any other everyday market. Thus, price changes to satisfy the condition of the market and every price is a result of the condition of the market. "Financial markets are the grease...
This is a beautiful piece of description on how PA is all about BUT unfortunately he still have not figure out an execution or working plan or method on how to trade it and profit from it.
So as usual it's all good but for nothing. Knowing exactly how a car move and maneuver in the various terrains and road conditions but not knowing how to drive it yet. It's a pity really.
The OP who advocated open discussion ended up fighting for his own views and God knows what agenda he may have. The intrigues of a public forum where tyrannical and insecure thread opener can actually banned you for your differing views and opinions.

Cheers
GS
  • #82
  • May 5, 2018 8:16am May 5, 2018 8:16am
A standard unit of measure is not necessary to trade nor is it necessary to develop a trading strategy. Even if you identify the smallest "unit of measure" that describes price fluctuation the fact is you are trading price fluctuation. We trade price fluctuation relative to time. Price fluctuations regardless of time frame occur within a single bar or candle and they also occur within minor and major structures which can be likened to single bars or candles. For example an outside bar on a Daily is made up of 24 hourly bars. One gets into trouble, IIMHO, when using MTF analysis.
  • #83
  • May 5, 2018 8:49am May 5, 2018 8:49am
I trade the futures market i use tick charts so time is not in the equation.market structure is simply when we are making higher highs and higher lows we are in a bull market visa versa for bear market. Without this principle of defining market structure you will never know which market your in therefore your analysis will not work
  • #84
  • Last Post: May 6, 2018 3:56am May 6, 2018 3:56am
Quoting Divergence
I trade the futures market i use tick charts so time is not in the equation.market structure is simply when we are making higher highs and higher lows we are in a bull market visa versa for bear market. Without this principle of defining market structure you will never know which market your in therefore your analysis will not work
Agree to a point H,but imo one needs to look left to get the full picture.
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