Studying the breaker concept during NYO, which makes this a reversal day
Comments
MarillionPip
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Great!! So the breaker is the first box in a MM Sell Pattern that is going up (accumulating shorts), is that correct.
hopiplaka1
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It is the last red bar before the stop run when buy stops are taken and the last green bar before the stop run when sell stops are taken
fxwhitebelt
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Very nice example. From the few I have looked at so far they work especially well when the daily range leading into the breaker trade is "relatively" small. Interested to know your thoughts on that.
hopiplaka1
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Honestly I do not use the daily CDR at the moment. I use the weekly ranges to find the higher level SR lines, together with market structure and the occasional SMT.
I just recently started to look for the breaker to "cherry pick" the setups.
UnknownUnicorn81331
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Hi Hoplplaka1,
Is market structure determined by the indicator or is it based on HTF key swing levels ? Can you point me to a video that talks more about Market structure ?