Marketmakermethod
MMM SHORT CYCLE: EURUSDHey Guys! Right now we see a macro M in L2. Seeing an M/W in L2 is very typical. Keep watch to see if price breaks daily open and continue to keep dropping If you are in this trade, manage accordingly.
*Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
MMM CYCLE SHORT: EURUSDHey guys! I hope everyone's week is off to a great start! From the way this week has started, it appears as EU had created a macro M and starting a cycle to the downside. We are sitting a zone flip on the daily so there is a possibility there may be some opportunities for short term buys. We do have a bullish harmonic on the H4 and the H1 showing L2 short. Because we are in L2, we have to be ready to trade both ways tomorrow. Rember, we always trade EU in like with the DXY.
Happy trading!
*Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
MMM CYCLE: EURUSDHey guys!! I hope everyone's week is off to a great start so far. Our EU short cycle is still in play however we do see a possibility for a reset in L2. Be ready to trade both ways during London. There will be a lot of news during NY tomorrow. If you choose to hold trades through the news make sure they are managed. It's my suggestion that no one trades during the news as the market could do whatever it wants. We don't have to chase trades. The market pays us well to be patient. Happy trading.
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
MMM SHORT CYCLE: EURUSDWe saw our long cycle play out beautifully to finish the week last week. Although the daily is trending long, we see price hanging at a daily flip zone. We're beyond 3xADR and also see a level 3 peak that has formed. We're looking for EU to continue short. We look for entries at the start of both the London and NY sessions. Manage trades accordingly. Happy trading.
#thepowerof3s
#reactdontpredict
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
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*