Market Maker Method | Forex Factory

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Market Maker Method

  • #1
  • First Post: May 9, 2020 5:08pm May 9, 2020 5:08pm
Look, we all know that the business of Forex isn't random alright. So the best way to keep winning is to trade in line with the sharks, the guys that control the value of imports and exports. Going against these guys is a waste of energy and more especially Money.

I may be new to this forum but I am not new to the Forex game, as from Monday we can all share ideas and I'll share my strategy too and we can all benefit from our combined knowledge.
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  • #2
  • May 9, 2020 5:22pm May 9, 2020 5:22pm
This is the kind of behavior I'm speaking about, I have these screenshots as a collection, and you'd be mind blown to find out more on the structures that play out every week, they're not exactly alike but the pattern never changes. Its like a Mirror Image.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-05-08 (2).png Size: 131 KB
Click to Enlarge Name: 2020-05-08 (3).png Size: 130 KB
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  • #3
  • May 9, 2020 5:26pm May 9, 2020 5:26pm
Wrong Forum, this should be in the "Trading Systems" Forum.
It never gets easier, you just get better
  • #4
  • May 9, 2020 5:28pm May 9, 2020 5:28pm
Quoting Shabs19
Wrong Forum, this should be in the "Trading Systems" Forum.
I'm new here, my bad.
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  • #5
  • May 9, 2020 5:38pm May 9, 2020 5:38pm
Quoting ZoeZA
{quote} I'm new here, my bad.
No Problem, I have requested thread to be moved .

You may get more interest from members in the Trading Systems Forum.
It never gets easier, you just get better
  • #6
  • May 10, 2020 4:52am May 10, 2020 4:52am
Quoting Shabs19
{quote} No Problem, I have requested thread to be moved . You may get more interest from members in the Trading Systems Forum.
Thanks, that was very helpful of you. I see it has moved. Cheers
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  • #7
  • May 10, 2020 5:02am May 10, 2020 5:02am
this week we're going to have a blast!, been doing some homework and checking which pairs to trade. For now been seeing the EURUSD and USDCHF move in opposite directions, USDCHF is a down trend and EU is an uptrend.
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  • #8
  • May 10, 2020 5:05am May 10, 2020 5:05am
EURHKD plus EURUSD move exactly alike, they behave the same which makes it even more sweeter. From tomorrow I'll be posting where we can enter to take position in the mentioned pairs.
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  • #9
  • May 10, 2020 5:10am May 10, 2020 5:10am
I still have a Buy position on EU, and this is what I meant when I said USDCHF moves the opposite direction as EU, check pictures below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-05-10.png Size: 126 KB
Click to Enlarge Name: 2020-05-10 (1).png Size: 125 KB
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  • #10
  • May 10, 2020 5:53am May 10, 2020 5:53am
Quoting ZoeZA
I still have a Buy position on EU, and this is what I meant when I said USDCHF moves the opposite direction as EU, check pictures below. {image} {image}
Hi! Very interesting thread! Can u tell us wich indicators u use and why? Thank you!!!
Time is your friend; impulse is your enemy! - John Bogle
  • #11
  • May 10, 2020 6:24am May 10, 2020 6:24am
Quoting Viki84
{quote} Hi! Very interesting thread! Can u tell us wich indicators u use and why? Thank you!!!
Well for starters my Moving Averages are Exponential to give me a better direction of the trend, and right at the bottom, above my time ribbon, I have a RSI(Relative strength index) to indicate whether I have reached oversold or overbought levels, that way it makes it easier for me to buy at oversold and sell at overbought. My EMA's are as follows: Red line 13
White line is 200
Sky blue line is 50
Dark blue is 800

For example, with EURUSD, once the price has reached its lowest point of the week, like it did on Friday, my 13/50 EMA'S will cross first, followed by 50/200 cross. Once that has been established at the low then I have my trend, which is up. But in regards to EMA's, they are only helpful at the lowest points or highest of the week. In order to see those crosses you need to use a 15 minute chart time frame.

I hope this makes sense.
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  • #12
  • May 10, 2020 6:29am May 10, 2020 6:29am
Quoting Viki84
{quote} Hi! Very interesting thread! Can u tell us wich indicators u use and why? Thank you!!!
Here is an example of how I use my indicators, but in this example it is a down trend, The EMA's I use always behave the same at the Highest or Lowest price points only, that is one of the ways I use to confirm my trends.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-28 (4).png Size: 229 KB
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  • #13
  • May 10, 2020 6:30am May 10, 2020 6:30am
Quoting ZoeZA
{quote} Well for starters my Moving Averages are Exponential to give me a better direction of the trend, and right at the bottom, above my time ribbon, I have a RSI(Relative strength index) to indicate whether I have reached oversold or overbought levels, that way it makes it easier for me to buy at oversold and sell at overbought. My EMA's are as follows: Red line 13 White line is 200 Sky blue line is 50 Dark blue is 800 For example, with EURUSD, once the price has reached its lowest point of the week, like it did on Friday, my 13/50 EMA'S will...
Yes! Absolutly! Thank you very much for ur answer!!
Time is your friend; impulse is your enemy! - John Bogle
  • #14
  • May 10, 2020 6:39am May 10, 2020 6:39am
Quoting Viki84
{quote} Yes! Absolutly! Thank you very much for ur answer!!
You're most welcome. Glad to help.
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  • #15
  • May 10, 2020 4:45pm May 10, 2020 4:45pm
And the games begin.
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  • #16
  • May 10, 2020 9:24pm May 10, 2020 9:24pm
This type of behavior never changes, At the lowest price points this is what you'll always see, Sometimes its in a 'W' formations or 'Head and Shoulders'.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-05-11 (1).png Size: 119 KB
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  • #17
  • May 10, 2020 11:49pm May 10, 2020 11:49pm
The reason why I always preach about how they behave is because its always the same. When the price reaches its lowest the have some form of a 'W' shape first, followed by a 13/50 and 50/200 cross, then the first pullback becomes a buy the next day or next session. I have a few a examples to prove my point, the patterns a from late April till today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-05-11 (5).png Size: 135 KB
Click to Enlarge Name: 2020-05-11 (7).png Size: 128 KB
Click to Enlarge Name: 2020-05-11.png Size: 115 KB
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  • #18
  • May 10, 2020 11:50pm May 10, 2020 11:50pm
That is why I am very confident with my Long order
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  • #19
  • Edited 5:38am May 11, 2020 5:24am | Edited 5:38am
entry and exit rules sir? sorry for noob question im still a newbie..
  • #20
  • May 12, 2020 10:11am May 12, 2020 10:11am
Quoting xj90kimerz
entry and exit rules sir? sorry for noob question im still a newbie..
Will advice in another entry when the next opportunity comes. So for now most pairs have moved way up, some way down. So probably tomorrow Ill advise on entry points
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