How To Trade With Market Structure
So many aspiring traders seem to believe that indicators, chart overlays or complex numerical solutions are the key to consistent profits in the financial markets. Their charts often look like this:
https://pepperstone.com/en/client-resources/how-to-trade-with-market-structure
EURUSD D1 – Pepperstone MT4With a chart like this, it’s almost impossible to understand where the market might be heading. And it certainly doesn’t facilitate decision-making. What this chart is really saying is “help! I don’t trust the market, and I don’t have the confidence to act”. I have been down that path, and it wasn’t until I stripped everything down to the bone and focused on the bare market structure, that I started to make progress.
EURUSD D1 without indicators – Pepperstone MT4The chart above shows nothing but the pure market structure of the Euro. By learning how to read it, you will have the ultimate “plug and play” solution for your trading because you will be able to:
…Just like a good boy scout can read a map of the Australian outback! The benefits are enormous:
- read any chart
- of any asset
- on any time frame
- you gain confidence
- you gain consistency
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