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Market Maker Method - Rough overview of the concept coming priceRough overview and explanation of the development of markets with market makers (group of people and institutions which together control the market in a coordinated manner around the world). (THIS REPRESENTATION IS NOT AN EXACT PRICE PROJECTION BUT IS ONLY FOR THE VISUALIZATION OF THE CONCEPT) The MM (Market Makers) work in cycles, in this example the weekly cycle is shown. As visualized in the picture, the week begins with a level 3 breakout pattern, an M. Breakout patterns at level 3 are almost always an indication of the beginning of a reversal, as the market makers move the market in 3 levels. In the levels shown, a stop loss hunt then begins in order to gain the liquidity of the longs / shorts that exit there before they move on to the next level. We are currently in Level 1 Uptrend. Important information: - The MM are inactive on the weekend and let their bots carry out a stop loss hunt during this time, so it is not advisable to trade on weekends - The price trend for the coming week is determined on Mondays, so the market there can also move 'unexpectedly' and very volatile - The MM are mainly active on the 1h and 15min charts (15 minute chart for entries and 1h for trend confirmation) - The MM act in 3 vector candles (unusually large candles) - Vector candles are mostly signs that the MM want to build up shorts / longs at a higher price in order to bring the price back to these candles afterwards (slow trend = true trend) - The beginning of MM Patterns can be detected if 3 vector candles can be spotted - Use of EMA's for pattern confirmation: Breakout patterns upwards are usually below the 50day EMA and downwards above the 50day EMA. If the 200day EMA is also very close to the 50day EMA and the same behavior can be observed there, it is further confirmation of a breakout. - Recognition of price targets based on the hourly chart: the price always normalizes to the 50day EMA! As soon as the price moves away from the 50day EMA the price target is the 200 or even 800day EMA. If the EMAs are all flat on top of each other, the next M-Level (indicator for breakpoints and support / resistance) is the projected price target before it normalizes again to the 50day EMA. - All patterns are basically variations of M and W patterns, an inverse H&S is also basically just a modification of a W. - If a breakout fails, it is a sign that the MM want to animate more shorts / longs before liquidating them. These breakout patterns then usually arise after this fall or become modifications of the previous pattern such as inverse H&S, so it is still a valid W formation. - In a bull market, especially in crypto, it is not uncommon for a reversal to the upside to occur in the first or second level. I hope this brings some light into the current market situation and helps people to be able to evaluate the market more calmly.
BINANCE:BTCUSDLong
by EmbraceCapitalism
1
EURAUD, Long Opportunity - 1:10Goood morning traders, After FOMC yesterday, setups are forming everywhere. We got a huge short on USDJPY and EURJPY as well as a long on USDCAD. As they've already moved, there's no point in me posting a chart analysis on that. However, EURAUD is yet to move. EURAUD has traded down into a H4 Bullish Orderblock. The orderflow is currently bullish. I'm anticipating a reversal off this area or perhaps 30-40 pips below this area, this is my first area of entry however. Price created a bullish break of market structure followed by a retracement back into a 5 Minute Bullish OrderBlock. I'm looking to trade price back to refill the imbalance in the market place where the take profit is situated. This trade yields a risk to reward of 1:10. Best of luck. Happy Trading.
Long
by Jiraiya_eth
1
EURUSD, Long Opportunity - 1:10Good morning ladies and gentlemen, Following on from the trade idea I just posted about EURAUD long. I believe that EURUSD could come down to fill the liquidity void that lies below as a result of the FOMC news release. If it fills the liquidity void, I'll be looking to go long on this pair around the H1/M30 bullish Orderblock with my stop below the structure. I'll be looking to target the EQ highs as that's where a majority of buy stop pendings are, I'll scale out a portion of my position once that price level is reached. The next target is the D1 SIBI where there is a high potential for price to reverse from here. How price interacts and deals with the D1 SIBI will determine the trajectory of EURUSD going into next week. Good luck. Happy Trading.
Long
by Jiraiya_eth
6
USDJPY, Huge RR Short Available.Gooooood morning traders! Hope you're all having a beautiful start to the week because our dear friend USDJPY definitely is. After making an extended cycle upwards, price has hit our D1 Bearish Orderblock and created an M30 BMS structure allowing us to look for a high probability short position. I've set two pending orders at these price levels with a stop just slightly above the shift candle. I'm looking to trade price back down to the D1 Propulsion Block; however, along the way I'll be taking some partial profits. As the trade matures and progresses I'll inform you all of the places where I'm looking to slowly scale out of my position. Although the D1 Propulsion Block is my final TP for this trade, I can see price potentially trading even lower down to 105.640 Happy Trading everyone. Remember that this is my personal trade idea, take the trade if you wish at your own risk. Please manage it well, I would personally advise no more than 1-3% of your total account equity. Hitting a trade of this caliber with 1% risk will yield 15-20% in profit, so you can trade small and still grow your account extremely well over time. Best Wishes, -AmplaFX
Short
by Jiraiya_eth
EURCAD, LongGooood morning ladies & gents, EURCAD has moved down into our Buy Zone. Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710. Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position. If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below. Let's see what price delivers now. Best of luck, -AmplaFX
Long
by Jiraiya_eth
EURGBP - LongGood afternoon ladies & gents, EURGBP has presented us with a bullish structure. After correcting downwards to the H4 Breaker, price hunted below yesterday's low followed by giving us a Break of Market Structure on the M30. Price came down in New York Gap time to pin the M30 bullish orderblock which confirms our entry. We entered with a stop below the bullish orderblock. As the institutional orderflow is still bearish, we're just aiming for a short term target of the D1 bearish orderblock where we're anticipating a reversal based setup. I wish you all good luck and good trading.
Long
by Jiraiya_eth
1
USDCHF ShortSince my last idea, price has come back to re-induce above the previous highs and presented us with an M15 sell structure. Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF. As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've made the decision to execute at the entry point as displayed in this idea. The white line delineates the H4 highs created from one of my last ideas that presented us with an excellent RR short opportunity.
Short
by Jiraiya_eth
Gold - Bull CycleGood morning ladies & gents . We are officially in another bullish cycle for Gold , so the favourable direction to trade it in is LONG. Price created an extremely bullish structure offering us two key areas to look for longs on. This bullish structure is created through a break of bearish market structure on the D1, H4, H1 timeframes. Today its 15th February (Monday) and price came back nicely to retest an M30 Bullish Orderblock after a LTF BMS structure has been created. This yields a high probability long position. I'll be scaling out of the position as price approaches TP, but I anticipate that price will climb back up to the monthly highs created in 2020 over the course of the next few weeks/months. Targets: 1838.70 --> 1875 --> 1947 --> 2060 I'll be providing regular updates on Gold . Stay tuned. Disclaimer: This is purely for educational purposes and not offered as trading advice. Trade at your own risk and remember to always manage your risk appropriately. I'd recommend anything between 0.5-3% maximum.
OANDA:XAUUSDLong
by Jiraiya_eth
USDCHF ShortGood morning ladies & gents, USDCHF has hit a H4 Bearish Propulsion Block whilst simultaneously creating Fair Value Gaps on its way up. Price hunted past previous day's highs and created a sell structure. The targets are highlighted below. I've personally got 3 targets but these two that I've depicted are the first and last ones. Disclaimer: This is my opinion and the way I view the markets. Do not take this as trading advice. You're trading at your own risk if you use this idea, so please please use good risk management. My mentor always told me: if you take care of your downside, the upside will take care of itself. Consistency is the key. Love & Peace
Short
by Jiraiya_eth