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Lines are cool, but market structure rules
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NoDakFarmer
Posted 5/20/2015 06:23 (#4581069 - in reply to #4580982)
Subject: RE: Lines are cool, but market structure rules


SE ND
Very well done charts! Imo, there are a few things that I see differently with respect to the swings you have chosen. The first chart where #4 is structural, to me I wouldn't consider that top as structural. For me, if it was structural it would have made new lows and all it did was bust some of the minor swings and tested the buyers where they pushed it up again. It's one of those relative swing issues, and it was just a pullback, imo.

There's no better way to improve on market structure than to practice on it as you have. Spend your time doing this a dn then move to the next thing. I was too enamored with drawing pretty forks at first and they were completely out of context with what the structure was telling me. Structure wins everytime.

Good work!
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