Patience, let the trade come to you.
- #5,222
- Jan 28, 2020 9:17am Jan 28, 2020 9:17am
- | Membership Revoked | Joined Oct 2019 | 4,890 Posts
10% buy 10% sell 80% waiting
- #5,223
- Jan 28, 2020 9:30am Jan 28, 2020 9:30am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,224
- Jan 28, 2020 9:35am Jan 28, 2020 9:35am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
{quote} It's a lot more fun when you know what direction the market maker is going so you can stay in your trades longer.
- #5,226
- Jan 28, 2020 9:43am Jan 28, 2020 9:43am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
{quote} Yes, this is the best part of this system. Once you are able to determine where exactly the pair is within the cycle. Then suddenly almost every single move does make sense.. but not all of them! Never underestimate MM and their mind games!
The account manager for EUR/GBP is completely nuts.
Patience, let the trade come to you.
- #5,227
- Jan 28, 2020 9:52am Jan 28, 2020 9:52am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
WEEKLY PRICE MOVEMENTS
The weekly pattern does not imply the use of a weekly time frame (WTF).
It refers to the pattern that is seen in a 15, 60 or 240 minute chart over a period of a week. In this example below, I use H1 Chart.
However, MM’s also have seasonal variations of price movement and so it can be seen on longer time frames, though it is probably too slow to be traded effectively.
THE THREE DAY CYCLE
A typical pattern of behaviour particularly when examining the three-day cycle is to be able to identify a peak high followed by three moves down and a reversal which forms the peak low.
Each time price moves down a Jail, it can be referred to as achieving or making either a Jail #1, Jail #2 or a Jail #3 move.
Jail #1 and Jail #2 have relatively similar patterns of behavior "W" or "M" pattern (1-2-3 stop hunt).
However Jail #3 tends to be choppy with a wide range and represents an area of profit-taking for the institutions and signifies the beginning of an accumulation period for another cycle.
The weekly pattern does not imply the use of a weekly time frame (WTF).
It refers to the pattern that is seen in a 15, 60 or 240 minute chart over a period of a week. In this example below, I use H1 Chart.
However, MM’s also have seasonal variations of price movement and so it can be seen on longer time frames, though it is probably too slow to be traded effectively.
THE THREE DAY CYCLE
A typical pattern of behaviour particularly when examining the three-day cycle is to be able to identify a peak high followed by three moves down and a reversal which forms the peak low.
Each time price moves down a Jail, it can be referred to as achieving or making either a Jail #1, Jail #2 or a Jail #3 move.
Jail #1 and Jail #2 have relatively similar patterns of behavior "W" or "M" pattern (1-2-3 stop hunt).
However Jail #3 tends to be choppy with a wide range and represents an area of profit-taking for the institutions and signifies the beginning of an accumulation period for another cycle.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #5,228
- Jan 28, 2020 9:52am Jan 28, 2020 9:52am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,230
- Jan 28, 2020 9:55am Jan 28, 2020 9:55am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,231
- Jan 28, 2020 9:56am Jan 28, 2020 9:56am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,233
- Jan 28, 2020 9:59am Jan 28, 2020 9:59am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,234
- Jan 28, 2020 10:02am Jan 28, 2020 10:02am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,235
- Jan 28, 2020 10:03am Jan 28, 2020 10:03am
- | Membership Revoked | Joined Oct 2019 | 4,890 Posts
10% buy 10% sell 80% waiting
- #5,237
- Jan 28, 2020 10:10am Jan 28, 2020 10:10am
- Joined Dec 2016 | Status: Trader | 1,408 Posts
{quote} Pat is always saying he's a " newbie ", ha ha. He's a very good trader. He likes to tease.
- #5,238
- Jan 28, 2020 10:15am Jan 28, 2020 10:15am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
{quote} YES I SECOND THAT!!, he is and he does, ha ha, I think Pat is a very good seasoned trader with a great sense of humour and its great to have you around Pat.
You really need it in this game.
Because if you don't this game will drive you crazy.
Patience, let the trade come to you.
- #5,239
- Jan 28, 2020 10:17am Jan 28, 2020 10:17am
- Joined Mar 2018 | Status: Trader | 4,611 Posts
Patience, let the trade come to you.
- #5,240
- Jan 28, 2020 10:20am Jan 28, 2020 10:20am
{quote} At this point and time the price is just below the 1st level. I'll stay in it until it hits the 2nd level. {image}
Let's take a look at NZD pairs..
NZDCAD (leaving from 1st level to 2nd)
NZDUSD (creating 2nd level)
NZDCHF (creating 3rd level)
There is approx 90% correlation between these pairs
EURNZD (slowly leaving 1st level to 2nd.)
