Transcript for:
Trading Boot Camp - Day 6: Break of Structure

well it's good baby I know you love seeing my beautiful face every damn morning what's good baby welcome to boot camp day [ __ ] day six I believe welcome to boot camp day six okay today we're back on it with trading okay we are going to be talking about Break of structure okay um I figured you know we're gonna get the the baby the beginners right out hold on there's a fly we're gonna get the baby we're gonna get the beginner [ __ ] out of here um first so we can start getting into this because right after this one right after this trading video the next trading video is going to be talking about liquidity so we can actually get into some [ __ ] all right so first we need to understand break of structure because we've talked about candlesticks so we know the little drawings on the chart and now we know Trends right now we need to understand why and when the Market's trending and you know when it actually switches Direction when it breaks structure when it's when it gets a market structure shift okay so the simplest way that I can describe a break of structure is a shift in the trend okay so we know right Trends move and higher highs and higher lows okay we also know um or actually I haven't even talked about this okay so so Trends move in in higher highs and higher lows okay right and then lower lows and lower highs on the contrary right in a downtrend okay what makes up a high in the first place this is something that I didn't talk about in the trends because I was going to save it for the break of structure video okay so what makes a high a move up then I move down right hi what makes low a move down then a move up low Okay so when we apply this to the charts okay it is literally as simple as that a high okay is a move up then they move down a low is a move down then a move up okay so what does that mean it only takes two candles essentially it's a Candlestick pattern so if there is one green candle up and then a red candle down that's a high if there is one red candle down and then one green candle up that's a low it's not it doesn't have to make a perfect little [ __ ] shape okay it doesn't have to look perfect it doesn't have to look pretty because I feel like a lot of people a lot of beginner Traders especially think highs and lows have to be like you know like look exactly the same right so let's let's jump into the charts and start outlining what a high and low even looks like before we even get into breakup structure because we have to understand what highs and lows look like in order to understand what a breaking structure is right because if that means the trend is changing if we're if we're saying a trend is higher highs and higher lows and the trend changes we have to know what those highs and lows even look like right so this is a perfect example of an odd looking high that people probably wouldn't even call a high people would probably call call this the high no okay it's not you can't just Lump Lump them together that's not how this [ __ ] works okay so first of all right we do have a move up then a move down what does it consist of literally a blue candle than a Black Candle my my chart is blue and black it just looks cool that way okay that's why I have it okay so this is a high right this right here is the high off the Wicks of the blue candle right there perfect that's a high okay and on the contrary right we have a move down then they move up so what is this a low cool cool right this again is still a high it just doesn't look as pretty as this right why because we have a blue candle meaning a move up and then a move down okay it's two candles and you're probably going to say well tjr where's the high is it off the wick of this candle or is it off the wick of this candle well since a high takes two candles to form you're going to take the highest Wick of whichever of those two candles it is okay so boom we got a high right here okay and same thing same thing down here right if this blue candle's Wick was lower then the Black Candle that would be the low makes sense cool good we got it hopefully I don't have to cover that um hopefully I don't have to cover that again okay we can go over another example what is this this is a high why because there's a blue candle then a Black Candle literally It Only Takes Two candles to make it hot perfect boom we find the the top Wick between between the two candles done deal okay this is a low why because there's a move down then a move up this is a low why because there's a move down then there's a move up cool cool same thing right here this is a low why because there was a move down then they move up right if we scale into the four hour and look at this this is the low right it makes sense that this would be the low and not and not the start of the Black Candle or not the wick of the Black Candle because if we zoom in and look at it what the [ __ ] is that right this ain't no low the low's all the way down here okay so boom we know what lows and Highs are now perfect clap it up we got we got like the super beginner [ __ ] done okay perfect all right we know what lows are high what lows and Highs are and if we know what trends are and if we know what lows and Highs are then we can know when a trend breaks and when Market structure shifts okay why because if a uptrend moves in higher highs and higher lows but then uh oh it doesn't anymore it ends up breaking what is likely going to happen okay it's going to start making lower lows and lower highs and that is what we call a break of structure okay meaning we break the trend that the current market that market is currently in okay we break that Trend and then flip flip Market Direction flip Market structure in the other direction okay and break of structure is very very simple but for some reason I get lots of questions on it and in this video I will try and simplify this [ __ ] so literally a child can understand it okay I'm going to try and make this super simple okay a break in structure to the upside okay and we'll and we'll show examples of this on the on the chart and um and through drawing okay a breakup structure to the upside so that means there is a downtrend currently right a break of structure to the upside is when we have a closure a candle closure not a wick a candle closure above a high remember what's a high a move up then a move down so that means in order for it to break structure to the upside we have to see a single candle close fully meaning closing Above This High meaning the candle body has to be above the wick of the high makes sense let's find an example on the chart because I'm not sure this makes sense yet because this is how I described the last video and we still had questions but that's okay questions are good gonna try and help you guys understand this okay so right here we're going to move up then a move down then a move up okay perfect we made a low right here and as you can see right here we had like a miniature uptrend okay we come down get a move down then a move up we get another low cool I no longer care about this previous low I'm only caring about the most recent one okay and we'll get into that a little bit later into this video okay I only care about the most recent high or low that has been made as you can see here we previously had broke structure to the upside right uptrend okay then we have this low and what happens right we have a move down then I move up but then right we weren't we weren't in a downtrend previously but what happens with this candle the body of the candle closed below the low so what happened what what did it cause it to do started a downtrend right boom lower high lower low probably going up to form a lower high or retracement on the weekly time frame to come up in within here okay so do are we starting to understand what a break of structure is now let's try and find a break of structure to the upside this is just lovely right what happens we were previously training up this gives us two perfect examples of this previously trending to the upside right we see a low what happened to the low the body of the candle closed below it what happened to the trend it shifted right we have a high right here we have a low right here where's the next high right here where's the next low right here lower low lower low lower high what's this right here I move down then I move up that's a low what's this right here move up then I move down that's a high what's this a lower high a lower low wow would you look at that it's a trend it's a downtrend because Market structure broke okay so now that we're in a downtrend what happens over here we have a high right here and you're gonna say oh yeah it broke whoa whoa whoa slow down we also had a high right here why why why is this a high guys why is it a high because we have a move up and then they move down we get a closure above it okay close the candle closed above the wick and then what happens Bing Bong moves to the upside yeah we did get a retracement down but hey look high or low higher high higher low higher hot higher low higher high higher low continues okay that is breaking structure to the upside now let's break your structure to the downside well it's when we have an uptrend and then schminck a low gets taken out right same exact thing just in the opposite direction right low gets taken out okay boom we start the downtrend okay pretty pretty simple stuff right let me show you guys what a break of structure is not and I think this is where a lot of people slip up right here is a perfect prime time example of this right here we get a move up then I move down so what does this make a high correct right here we get a move up and then I move down this Wick goes higher than this Wick right so technically this high is higher than this high however we do not give no [ __ ] we do not give a crap we do not care about Wix going above highs or going below lows that does not mean anything to us we need a candle closed because as you can see right here oh oh no it's a higher high what's gonna happen oh no it falls what this isn't what tjr taught us well here we are teaching you this [ __ ] okay so we get this Wick going higher than this Wick but we don't care because it doesn't close above it it is not a break of structure unless the candle closes above it write that down it is not a break of structure unless the candle closes above a high or be low a low right for a for example if let's say this black Wick let's say this this Wick went lower than this low that would not have been a break of structure it that would not have been a breakup structure and this whole thing wasn't a break of structure until this most recent low got closed below that's all breakup structure is whatever the most recent okay ready so we'll simplify this even more right it's literally a step-by-step execution of understanding where a break of structure is number one identify that the trend identify the trend we'll we'll even write this down this will be good damn can be profitable but can't type that's how it goes is that even the way how to spell structure I don't even know and I don't care how to spot breaking structure number one identify the trend okay where is it going number two okay up Trend or down trend okay number two if in up Trend okay we are watching the lows right because if we're moving up higher and higher when are we going to get a break of structure when the low gets taken out when the low gets closed below we don't care about the highs right we care about the lows okay number three if in downtrend we are watching highs right for opposite reason right we're moving down so the only way for this thing to turn into an uptrend right is it for it to go higher right if it keeps going lower we're staying in the trend got it got it okay number four okay once you identify the trend right we figure it out we can't okay in order for it to be a break again I misspelled it in order for it to be a break of structure to the upside it has to close above or actually we'll make this be a brake structure of the downside because we talked about we're watching loads for the first one I don't want to confuse you guys wow I can't even type so in order for it to be a break of structure to the downsize to the downside which means it is turning from an uptrend into a downtrend damn I wonder if I can make this smaller there we go it has to close below the most recent low does that make sense give me a a nod yes yes okay number five oops number five so this is that exact same just opposite let's see if I can spell it right structure did it for me a lot I love technology oops I was just copying upside into an uptrend oops bad grammar on a instead of an in order for it to be a break of structure to the upside which means from a downtrend into an uptrend I'll even add that into there because that can get confusing I know okay cool so in order for it to be a break of structure to the downside which means an uptrend into a downtrend it has to close below the most recent low understand that we are consistently watching the most recent lows in the most recent highs getting formed okay we are not we are not listening or carrying caring about pass lows okay so in this example this gives us a a perfect example okay right we make this low right here this low yes it's lower than this one but why do I not care about it anymore because this one is the most recent low that was made yes price ended up closing below both of them so we wouldn't have had an issue but I know damn well that some of you guys if it only closed below this one and not below this one you guys would have been having a heart attack shivering your [ __ ] Timbers deciding whether or not to take a short okay so we take the most recent lower high made okay same thing with this same thing with this over there right we have a high right here oh we make another high right here why why is this why why aren't tjr why are we using the wick of this this because up candle and a down candle how do we Mark our highs the highest point of those two candles all right the wick right there we got it we closed above that yes we closed above both of these yet again however we don't care about this High anymore okay there will be times when price will consolidate right not within a trend right it'll just be consolidating and you'll see a lot of that right you'll see oh move up right right here move up then to move down now this is a high move down then a move up this is a low move up then I move down this is a high move down then to move up this is a low right this is just pure consolidation there is no Trend within however many days this was this would have been a terrible trading week for Gold right there was no Trend within this there was no break of structure Market had no clue where it wanted to go oops okay does that make sense I feel like that that is the easiest way that I could have put brake of structure at all okay we we have it laid out it is a step-by-step formula number one identify the trend what's the trend look at it lower lows and lower highs perfect we're in a downtrend okay so we are in a downtrend what are we watching we are watching highs where's our most recent High right here so in order for this to turn into an uptrend again we have to wait for the daily time frame to close above here we just gotta sit back relax and wait this week is not a high this Wick is not a hive this candle forming is not a high if the next if the next candle that forms is down though then yeah we'll move the high to there but that hasn't happened so where's the most recent High there cool and when does it turn into an uptrend when we get a candle closure above there okay we'll show we'll show one more example of a break of structure let me throw this on the weekly yeah oh this is money okay right here right we're trending up all right or actually no well we'll go into like 15 minute time frame this will be good and again remember guys remember remember I don't want you to watch this breakup structure video and instantly be like when there's a break of structure it means it's gonna go up forever or when there's a breaking structure to the downside it's going to go down forever because that is not true at all not not true okay not true whatsoever because remember in our Trends video if you have to re-watch that today I highly suggest you do so remember in our Trends video the weekly holds more power than the daily the monthly holds more power than the weekly if we see a break of structure to the downside on The Daily like we saw right here on gold or sorry on on gu right and why is this the breaker structure the downside move down move up this is the low we close below that market starts running down if we see a breaking structure to the downside on The Daily but the weekly we're still bullish it's just a retracement was this a break of structure little little homework little tip and trick for you guys this was the most recent low that we had is this a break of structure no why is it not a break of structure you're probably saying shut up we haven't closed below the low we didn't close below this is a perfect example of what a lot of you guys will be entering on that just is not a breakup structure this looks like a liquidity sweep and oftentimes Mike Market will do this a lot to fake people out who think that a wick below a previous low is actually a break of structure because what's Market probably going to do it's probably going to come up a little bit okay yeah maybe the next weekly candle will close below here maybe if it wants to but we have to wait for that we can't just say good enough sell right because we don't want it to be good enough we want to know and because even when we know for certain we don't actually know so why would we why would we take a trade off of something that's already low probability of being a break of structure and already being in a market that's already very difficult to have a high probability to trade in right we're literally just reducing our chances of being a higher probability Trader by taking bad setups like this right we need to wait for the low to get closed below same [ __ ] with this same [ __ ] with this this is a an exact example of this right here same thing with this right what's this move down then move up this is a low at one point in time at one point in time this Black Candle right here this was full a full Black Candle to the downside it looked like this I know I know damn well that ninety percent of retailers were just short it's going down forever and then what happens Market never [ __ ] breaks structure and we push higher same thing here right we gonna move down then move up no break move down then move up no break and Mark it continues to push Higher and Higher and Higher and Higher and Higher because the trend never was broken Trend never broke and what were these these were just liquidity sweeps and we will learn about that next time okay hopefully that covered break of structure for you guys it has to be a close let's go back to that that little thing that we had shrink uh let's do this on The Daily and let's drag this all the way up here identify the trend is it going up is it going down is it going in higher highs and higher lows is it going in lower highs or lower lows boom I literally made a checklist for y'all figure it out okay perfect it's in an uptrend if it's in an uptrend we are watching the lows perfect Hawkeye those things watch every single new low that gets made okay that's actually something that I want because we only care about the recent ones that get made those are the only ones we care about okay those are the only ones we care about those are the only ones that need closure above because who gives a [ __ ] right if Market's moving like this or right I mean we showed it in that GJ chart but if markets moving higher highs higher lows and then and then one of the logs gets Wicked below but it keeps going higher we don't care about that right because Market structure never was broken we only care if it gets closed below right also right sorry for the most recent low Point okay we're going like this right who cares about this low if this new low was already made if it's supposed to move in higher highs and higher lows than the most recent low gets broken gets closed below then that means the the structure is shift who cares about this one it means we we made a new low we made a lower low compared to this one who gives the [ __ ] about this this was the trend this was the most recent low no one cares about this low no one cares about this High we care about the most recent ones that were made same thing for the downtrend okay please please drill that into your head and I suggest you guys write this down okay so we know that we're in an uptrend and if we're in an uptrend we're watching the lows we're watching the most recent ones that get made and we forget about the old ones okay after the most recent one gets the most recent ones get made and then once it's a break of structure to the downside in an uptrend it has to close the candle has to close below that most recent low and that's it that's breaking structure we got it okay so what I want you guys to do for homework is find 10 examples of breaks of structure this should be very very easy because it's pretty easy to spot especially with this checklist find 10 examples of an actual break of structure within the market and then find 10 examples of what someone a noob who hasn't watched this course who hasn't watched this video yet who hasn't watched my how to spot a break of structure uh in the market video find 10 examples of what someone might consider a break of structure but actually is it a wick below a low or like a wick above a high right something that might fake somebody out that someone might believe is a break of structure but isn't so you guys can get good at spotting actual breaks of structures and then fakes okay do those two things you need you need to have 20 examples by the end of this okay until you're done with your homework you need 10 examples of breaks of structure and 10 examples of fake outs or fake breaks of structure okay not real all right that's your homework make sure you get it done before tomorrow's video I'll see you boys tomorrow