MMM SHORT CYCLE: EURUSDHey guys! Hope you all had a great trading day.
Daily: Today we had a close showing early signs of an official downtrend.
H4: No Harmonics
H1: Today we saw a level 1 push and the 50 and the 13 EMA have crossing to officially lock the peak. London session gave a sweet opportunity to enter short with a clear rejection of the midway point of the Asian accumulation range. Before entering for the level two push, we want to see some time of trapping through the zone flip or 50 EMA. As a reminder resets are common in L2. Although we are favoring the short play keep an open mind. React to what the market does. Do not predict.
Remember to manage all trades in accordance with YOUR trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.
Marketmakers
MMM SHORT CYCLE: EURUSDHey guys! Right now we are seeing the market makers push price back up toward the peak. Although the daily is trending long be cautious of holding long trades. New traders should stay out and wait for the MM to lock in the multi-day peak. Trading back toward the peak is not advised. Know that trapping and shifting could come from a rejection near the zone flip. We do have a possible reset long from the peak low that was put in on Friday. While a reset is possible, we are favoring our projection of the market makers setting up a short cycle. React to the market. Don't predict.
Happy trading!
Disclaimer!
This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.
MMM CYCLE SHORT: EURUSDHey guys! I hope everyone has been having success in the market lately. Sorry for the hiatus. I am usually not in the market this time of year but I did want to drop a little something before taking off until January. Please be mindful of trading this time of year. Market volume is known to slow up and daily ranges become smaller and smaller. More and more patterns are known to fail. It may be a better idea to bring your trading to a close, preserve capital and prepare for the 2020 trading season.
With that being said, we are seeing peak behavior on EU & the dxy. EUs close on Friday did lock the peak high making shorts the better move looking ahead. Remember to be cautious trading back toward the peak. We had a peak reset low on the 6th that was created Brexit After the reset long, we see 3 levels of rise exceeding 3xadr. We have a nice inverted hammer on the daily and we currently have EMA trapping happening on the H1. Be aware the market makers could take price back toward the peak to create a multiday "M" before beginning the sell-off.
This is the last post until after the New Year. I hope each and every one of you had an amazing trade year and wishing you all the best in 2020.
Happy trading!
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*
MMM CYCLE: EURUSDHey guys!! There we have it! Our L3 push in EU. If you are in the trade, please manage accordingly. Be cautious in holding any shorts until we officially have a locked peak. There is room for price to continue higher. We do have red folder news on the way and I do not recommend holding open trades through red folder news. Further analysis to come. Congrats guys!
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*
MMM CYCLE LONG: EURUSDHey guys! I hope everyone is having a great weekend! We have a beautiful cycle playing out as expected. The bullish harmonic on the H4 is still in play. Just like I said before, L2 is where we see the most resets. With that being said, it's very possible price may retest the low before heading up. Since we are in L2 it is okay to trade both ways but always be cautious when trading back towards a peak high or low. Be careful trading on Mondays. It may be best to wait until T or W as the market makers are known to trap at the beginning of the week.
Happy Trading & have a great rest of the weekend!
*Please use proper risk management when entering a trade. The information provided is not to be taken as a trade signal*
Feel free to message or comment with any questions or feedback.
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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*
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 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 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*