NJAT Private Telegram - Structure & Timeframes

Sections
Key Points to Remember
Market Structure Intro
Timeframes Intro
Structure & Timeframes
Momentum
Trend structure
Range Structure
BOS (Break Of Structure)
BFI Initiation
Momentum Shift/Reversal Structure
Strong Highs/Lows
Weak Highs/Lows
Building a narrative….

Key Points to Remember

➡ Price Delivery Forms Market Structure. Observing Price Delivery Is Watching Structure Form.
➡ Time Knows No Price And Price Knows No Time, Every Timeframe Is A Representation Of The
Same Data. Timeframes Work Together.

➡ LTF Builds HTF Structural Points (Swing Points). Understand The Full Picture, The Full Picture
Is Understanding Top-down Bottom-up. Think Logic!

➡ HTF Highs And Lows Within A Range Are LTF Structural Swing Points.
➡ Swing Highs And Lows Create Supply And Demand Zones. Future POI are Formed In These
Zones.

➡ A Break Of Structure Can Signal Higher Or Lower Prices, Or A Reversal From Sell-side Or
Buy-side Liquidity

➡ BFI’s are behind every move in price!

Market Structure Intro
Structure is Highs and Lows, LHs and HLs.
Highs and Lows are structural swing points, these swing points are fractal meaning they will be
present on multiple timeframes.

● When looking at swing points - Think Timeframes!

Understand the swing points, these give a frame to observe price delivery. The examples below
show how price delivery works across multiple timeframes and prints swing points to frame
structure following BFI intentions.

https://www.tradingview.com/x/LqAIomv5/

https://www.tradingview.com/x/alcmiFut/
Timeframes Intro
All timeframes act the same, it's a representation of the same data. We view this data via
candlesticks.

The timeframe will change the look of that data due to the number of candles shown on a given
timeframe.

LTF and HTF both show BFI intentions. 1 timeframe is not more important than another, this is why
we want to understand the Full Picture (BFIs intentions across all timeframes).

HTF - any timeframe Higher than the current TF

LTF - any timeframe Lower than the current TF

● Check the candle closes across all TFs throughout a session. This development is key to
seeing how the LTFs build the HTFs and how we understand the Full Picture. THIS IS A
MUST! (make it a habit, don't just click through TFs, understand what you see)

Recommended Time Frames to use

Structure & Timeframes

Price delivery over time creates structure. Observing price delivery across multiple timeframes
allows us to build narrative to frame BFI intentions. Once swing points are identified we have a
foundation to work from.

HTF - High/Low vs LTF - High/Low

● LTFs swing points move inside HTF swing points

HTF - Range vs LTF - Range

● LTFs ranges move inside HTF ranges

Example of a pullback in trend, to create a LH:

A counter trend bos of a m1 swing point can create a bos of a m5 swing point. This can continue to
pullback across multiple timeframes until it reaches the premium of a HTF (H1) range and will go
on to create a Lower High to continue the HTF trend.

This creates many trading opportunities for us to get involved as we understand the “why” in price
delivery.
https://www.tradingview.com/x/DawXG1nY/

https://www.tradingview.com/x/FY9kJA5P/
Momentum
Momentum is an aspect that revolves around time and distance.
More candles, less distance or less candles, more distance.

● By paying attention to the speed of price over time, it shows if a price move is sustained or
unstained - relative to Trend Structure.

Q: How long is it taking to move up or down?

● Impulse - Bearish impulse is price moving with momentum quickly to the down side in the
trend direction.
● Correction - Bullish correction is price moving slowly, building cau$e for a future
continuation, showing us a slow unsustainable move higher favoring the trend direction.

Think about the Law of Effort.

Is price struggling to gain momentum, moving corrective and slow OR moving freely, impulsive
and fast? This determines the direction of the momentum.

https://www.tradingview.com/x/5U6O7KVM/
Trend structure
Trend structure gives a bias for the assumed direction.
A trend will maintain its HL (Bullish trend) or LH (Bearish trend).

As long as swing highs and lows are maintained within the trend we can assume trend
continuation.

● A trend is not an uptrend until a HL is formed, not just a HH

● A trend is not a downtrend until a LH is formed, not just a LL

https://www.tradingview.com/x/QgTaKgJ2/

Range Structure
Price is contained between 2 price levels (1.1300 & 1.1200) this will define your TF structural
swing high & low. Price delivery will remain inside this range until the structural H/L is taken.

BFIs are stacking 100s & 1000s of lots inside a range. BFI will initiate price out of a range causing
a bos of a swing point, we then know what orders were stacked;

● Swing High bos = Huge pile of Buy Orders.

● Swing Low bos = Huge pile of Sell Orders.

A confirmed range starts with a minimum of 3 candles - Think Fractal Highs/Lows!

● Range Areas - Premium (Sell from); Equilibrium (failing to maintain above/below); Discount
(buy from)
 https://www.tradingview.com/x/QIBh2zcq/

Questions to self:

● What is the purpose of this range? - Think Logic!

● What is the HTF bais when in a range? - Follow the trend!

BOS (Break Of Structure)

A bos is to initiate a Momentum Shift or a Continuation of Trend Structure.
A bos of a Swing high or Swing low is a BFI Initiation.

HTF Highs and lows = Swing Structure

LTF Highs and lows within a range = Swing Structure

Questions to self:

● What was the cau$e that created the bos?

● Is this a noticeable break of a Swing Point? - Think BFI Initiation - Speed/Aggression!
● Is this a Continuation of trend structure or a Momentum Shift after a HTF mitigation?

BFI Initiation
Once BFIs have stacked their orders within the range they then drive the price in the direction they
want it to move causing a bos. This is called initiation. It’s a very clear aggressive or semi
aggressive move in one direction showing all buying or selling. BFIs are manipulating price in the
direction they want to move it.
 Green = Bullish Initiation
Red = Bearish Initiation

Momentum Shift/Reversal Structure

A completed trend change from Bullish to Bearish Momentum / Bearish to Bullish Momentum is
created in phases.

https://www.tradingview.com/x/wrUZquJt/
Phases:
(ABCD)
AB - Impulse
BC - Sideways price delivery (creating future liquidity to support lower prices)
CD - Impulse (into a HTF mitigation)

(ABC)
AB - Impulse(Reaction) BOS (Intention $$) (supported by previous liquidity) (Future POI)
B - Sideways price delivery (creating future liquidity to support lower prices)
C - Mitigation (within new range Premium/Discount) (creating LH or HL)

● Price can mitigate at any time, it does not have to be straight away, if C did not mitigate and
price moves away this has now created a future POI.
● True m1 trend shifts will happen at HTF POI/Mitigation
● LTF Swing reversals become HTF POIs (You will notice that reversal structures form the
high or low of a HTF candle)

https://www.tradingview.com/x/MRtnEIna/
Box = HTF Mitigation

Variation 1

Variation 2

Strong Highs/Lows
A Strong rejection of higher or lower prices is a fast change of direction, the aggression shown is
BFI activity. These highs and lows created and will be protected by BFIs.

We look at strong highs/lows as a continuation of trend structure LH or HL.

A strong high or low will be sustained by an aggressive move away (speed) (Price will normally
create a future POI) with continued mitigations away from the strong high/low.

● Strong Highs or Strong lows can be seen on multiple timeframes. - Think Fractal
High/Lows!

Price delivery:
● Aggression/Speed
● Causes a swing bos
● Created at HTF Mitigation - Momentum shift
Look for aggression at highs/lows and not for any particular candle formations. An aggressive
change of direction is what matters (speed), not candle formation. The reason is that candle
formations are different on every timeframe, but strong highs/lows are visible on more than one
timeframe.

Understanding Strong highs or Strong Lows is the reason our stops can be tight (above or below
the H/L) because the BFIs will always protect their positions so price will not break past that strong
high or low.

When a strong high or low is taken out, order flow/Price delivery has now changed.

https://www.tradingview.com/x/te2kFbEL/

Weak Highs/Lows
A Weak rejection of higher or lower prices can be a slow or fast move. A fast move will lead to a
false intention as it will not go on to create anything of significance, this can be seen when no HTF
Swing bos is taken out. A slow move away can be easily identified as a correction, stacked highs
or lows together.

We look at weak highs/lows as liquidity to support a future move higher or lower.

Price delivery:
● Slow change of direction (sideways PA)
● No HTF swing structure bos
● Not created at a HTF Mitigation

Look for swing points formed slowly, turning reluctantly with no apparent aggressive activity.
Look for swing points formed fast but don't go on to create anything significant swing bos.

No aggression > Slow Change of Direction

= Weak Low or High which now becomes future liquidity.

Weak highs/lows are places the price is likely to shoot through.

 https://www.tradingview.com/x/BHQBmIfM/

Building a narrative….

The above concepts are used to build a narrative over time. This keeps us following the BFI
Initiations of price delivery.. This is what we demonstrate everyday on the telegram channel.