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Marketmakermodel

MMM CYCLE SHORT: EURUSDHey guys! Hope you all had a great weekend. As stated in the previous analysis, we are currently in L1. The next move we are looking for will be a move trading away from the peak high. Because we are in L1, we are NOT looking for longs. Shorts only. Remember to use the DXY gauge direction in EU. The two have negative correlations. Happy trading! *Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
by Visionary17
MMM SHORT CYCLE: EURUSDHey guys!! Been having connection issues like you wouldn't believe! Our analysis is showing us the MMM short cycle is playing out rather nicely. I do believe EU has some room to drop before we can begin to hold a position long. The daily is trending short. We still have a London pattern 2 playing out from today's London session. If you caught this move, manage accordingly as the DXY s currently stalling to break its high. *Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
Short
by Visionary17
MMM CYCLE: EURUSDHey guys! We still do not have any official confirmation telling us EU is ready to reverse long. The daily is trending short. However, we do see stacked 3s in L3. This is a good indication that price may be exhausting and getting ready to reverse. We also have a bullish harmonic on the H4 since right near a "00" price point. The DXY appears as though it's also ready to reverse and begin to sell but we do not have official confirmation. If you're going to trade London, be prepared to trade both ways. Keep in mind there will be red folder news for EU at 2 am EST. Remember to always trade EU in line with the DXY. Feel free to comment or message me if you have questions about EU or the market maker method. Happy trading!! *Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
Long
by Visionary17
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.
by Visionary17
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 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
Market Maker Model hypothesis for Bitcoin.I'll post a picture below of what a "market maker model" looks like, but we've seen these types of models form before on Bitcoin, so this would not come as a surprise to me if we see it here again. Seeing some bullish divergence on a few time-frames, and we have formed what appears to be a double bottom around 3500-3600. Purely speculation, but I think it has some merit. Typically we see a move down, followed by a bear-flag/bear-pennant formation, another move down, another bear-flag/bear-pennant formation, and so on until we form a double bottom. At that point, we go in the opposite direction; we see a move up, followed by bull-flag/bull-pennant formations, another move up, more bull-flag/bull-pennant formations, and so on.
BITSTAMP:BTCUSDLong
by Deftsuo