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Marketmakerstitchup

MMM SHORT CYCLE: EURUSDPeace guys. I hope everyone had a great first half of the week. So far our bias is playing out as expected. The market makers to tend to stand aside in L2 and let the retail traders have at it. This is one reason we tend to see most resets happen in L2. The daily is trending long and we saw the day close with a wick to a daily zone flip. On the H1 we see price possibly trapping though the water setting up for the short. For safe traders, stay out until price confirms either a reset or the continuation. For others be ready to trade both ways tomorrow during long. Happy trading. #thepowerof3s #reactdontpredict
Short
by Visionary17
MMM LONG CYCLE: EURUSDWe had a beautiful cycle play out long after the reset. Three clear pushes. We just under 3xadr. Today is Friday and since there isn't much news the market could very very slow for the day. Remember, the best times to enter are AFTER the stop hunt at the beginning of both the London and New York sessions with a nameable (M/W/H&S) pattern. That's it for this week guys. Feel free to message me with questions, comments, and feedback. Happy trading & have a great weekend. #thepowerof3s #reactdontpredict
by Visionary17
2
MMM CYCLE: EURUSD ANALYSISWe're just under 3xadr and could see the peak form soon. The long cycle played out very nice. While it is safe to trade both ways in level in 3, in this situation, the safe play to wait for the peak to officially lock signaling shorts. There is a bearish harmonic on the H4 but no official peak. Remember to always use the DXY to gauge price movement on EU. Timing is a big part of trading MMM successfully. If you're a London trader, try looking for entry between 3-6 am. A stop hunt/fake out usually takes place during the session open. Be patient and wait for it. If you are a NY trade, try looking for your entry between 9-11am. The same stop hunt rule still applies. Trade safe. Stay in control. Feel free to comment or message me with questions and other opinions. #thepowerof3s #reactdontpredict *PLEASE FULLY UNDERSTAND THE RISK OF TRADING BEFORE DOING SO*
by Visionary17
MMM SHORT CYCLE: EURUSDHey guys. We didn't get the L3 extension we were expecting. It's starting to look like EU may be ready to start the reversal into the next cycle. Although we didn't get the 50 pip close away from daily open to officially lock the peak high, we still have to respect the structure to the leaf as the peak. Price and been showing level 3 behavior with the last days just chopping around. We aslo have a bearish harmonic on the H4. Id say be ready to trade both ways but I think I am now favoring the short here. We do have a flip zone just below so the MM could still push for that extention long. Let's see what kind of pattern we get during London. Be alert. Happy Trading. #thepowerof3 #reactdontpredict
Short
by Visionary17
1
MMM LONG CYCLE: EURUSDHey guys! I hope everyone had a great weekend. Often times in level 3, we see the MMs extend before setting the peak for reversal. This extension is what creates 3x the pair's average daily range. To begin the week we are looking for the MMs to continue to push the price up in EU while dropping the price in the DXY. Don't be in a rush to jump into the market. Tomorrow is only Monday. Remember, we don't predict the market. We react. Wishing everyone a great trading week! Happy trading! #thepowerof3 #reactdontpredict
Long
by Visionary17
MMM LONG CYCLE: EURUSDBOOM! We just saw our L3 push. It's SUPER early in L3 and we'll know better when the market closes. This is to highlight the power of 3s. If you think like a retail trader you will get burned over and over again. We still have a ways to go before the price reaches 3x its average daily range. I do expect for EU to continue to rise for the rest of the week. If you are still holding, manage your trades accordingly and always use the DXY to gauge the direction in EU. Happy trading. #thepowerof3s #reactdontpredict
Long
by Visionary17
MMM LONG Cycle: EURUSDOkay guys! My apologies for being MIA. Family first. My bias in long on EU. We saw some madness surrounding last weeks news but I am expecting EU to rise. We may see an opportunity for an entry during NY session. Maybe a trap through of the 50 EMA and rise from there but be cautious. There will be news. The daily is trending long and I'm also seeing a macro W on the H4. Do not force the trade if you are not willing to first accept the risk. I want to hear from you guys. Any feedback, comments or questions are gladly welcomed. Blessings #thepowerof3s #reactdontpredict
Long
by Visionary17
Buy opportunity on EURUSDToday we saw price come back and test the peak. From what we saw on the DXY, my EU bias is still short. Be cautious holding buys for too long without a break and retest of last weeks high. I'm not seeing anything that would lead me to believe we'll see a re-set but that doesn't mean it's not possible. The daily is showing what could possibly be the beginning of an uptrend. Learn to see the market both ways at all times and don't marry a bias. Keep an open mind and make sure you react to what the market gives and do not predict. #thepowerof3s #reactdontpredict
Short
by Visionary17