Lesson1 Flashcards

(7 cards)

1
Q

What is the primary method for mapping structure in trading?

A

From the high/low (wicks) of candles

This method focuses on the extremes of price movements.

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2
Q

What does BOS stand for in structure mapping?

A

Break of Structure

It refers to a confirmed break indicated by a candle body close.

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3
Q

What does i-BOS represent in structure mapping?

A

Internal Break of Structure

Similar to BOS but pertains to internal structures.

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4
Q

What is the significance of a wick break in structure mapping?

A

Indicates a Fractal Break of Structure (f-BOS) or CHoCH

Wick breaks are used to identify potential trend changes.

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5
Q

What does CHoCH stand for?

A

Change of Character

This term is used for a Fractal trend change.

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6
Q

True or false: We map f-BOS (fractal continuation) on our charts.

A

FALSE

Only CHoCH (fractal trend change) is mapped, as f-BOS is considered unnecessary.

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7
Q

What will become clearer in the following lessons regarding structure mapping?

A

The concepts of BOS, i-BOS, f-BOS, and CHoCH

The lessons will elaborate on the mapping techniques and their significance.

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