Lesson 2 Flashcards

(8 cards)

1
Q

What is the most aggressive type of structure break in market structure?

A

CHoCH

CHoCH stands for Change of Character, indicating a significant shift in market behavior.

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2
Q

What is the purpose of mapping the Fractal structure?

A

To understand it fully in every type of price action scenario

Gaining experience helps in knowing when to pay attention to it and when to ignore it.

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3
Q

What currency pair is used for the 4H price action walkthrough?

A

EURUSD

The data feed used is from forex.com for the dates 12 MAY 22 - 19 MAY 22.

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4
Q

An Inside Bar is defined as a candle that fails to break the previous candle’s _______ and _______.

A

high and low

Inside Bars trade within the range of the previous candle.

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5
Q

What is the indicator used to color Inside Bars on the chart?

A

https://www.tradinaview.com/script/EmPDo34e-Inside-Bar-v2/

This link leads to a TradingView script for visualizing Inside Bars.

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6
Q

The dates for the first price action mapping are from 10 MAY 22 to _______.

A

02 JUN 22

This period is used for analyzing price action in the provided context.

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7
Q

What is the significance of the links provided in the text?

A

They allow users to open and zoom in on screenshots for better analysis

The links lead to TradingView snapshots for visual reference.

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8
Q

What should you do after practicing to map the Fractal structure for a few months?

A

Compare it to the provided screenshots

This practice helps reinforce understanding of price action.

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