Trend Stability

💎 Trade example. 💎 I took this trade yesterday in DE30. 1 min chart.

Pre-analysis (Get a feel of the current market structure)

1) The market opens with a peak, demand creates and a second peak occurs. 2) The Demand Zone is tested (Happens almost every time!) The market reacts. Now we start to see a structure. 3) Price breaks down from the Bullish Structure and a potential shift can occur.

What I looked for before my Short position

4) Price bounce back up and retest the structure. This is where I start to look for a short position. Since we have a high probability that the market will react where the structure got broken.

What does the indicator tell me?

4.1) Trend stability Line showing us a negative trend.

4.2) The Scalping Oscillator shows that the market is overbought.

It coincides well with the structure. I entered Short.

Take Profit

The first TP at Day Open. (Since we know that the market tend to react at Day Open) The Second TP was the nearest round-level under Day Open which was 15150.

Key

First I want to get a feel of the market structure. Then I use indicators to confirm my market structure bias.