Monday Range is a very powerful way to map the fx market each week.
Many traders in our community have already realized big profits from some of the ideas I've shared about the MR.
In fact, some of the trades I took this week were mentioned in this thread BEFORE they happened and were very lucrative as you can see by subsequent posts and look at the charts.
I have decided to share everything that I know with our members regarding the Monday Range.
It is a methodology that day traders and swing traders alike can get actionable insight every week using a clear systematic approach.
Combine this with retail positioning extremes and you may have yourself an ATM.
{quote} Can you show how market structure changed on gu to take short?
Ignored
Mark, this trade was not a market structure directional trade per say. It was based on Market Making using Range Expansion techniques that I am teaching in the MR course that includes both momentum and contrarian trades in a systematic way.
This was a contrarian trade using those techniques.
Looking back from a different perspective, you could have also taken this trade following market structure as a new structural low was made before the strong move down. As always stops are key target exit areas.
Sad to see as of right now.. I left 120 pips +/- between the two pairs on the table (around $1200 more in profit).
I just couldn't wake up to manage trade at London session.
But you can see the profit potential of using the MR concepts I teach.
There are many ways to trade profitably. You just have to trade with edge.
Sentiment, Market Structure, Market Profile, Monday Range, Asian Range, Seasonality, Strength / Weakness are the strongest edges in Spot FX that I know of.
Edge makes you money. Another small trade for the week but these little trades add up. I'm not trying to put on high risk and hit huge numbers (with potential to lose big numbers as well).
I'm trying to find a few trades a week that I can put on some risk with the goal of preserving and growing capital..
Aiming to carve out a nice profit every week.
The key is having multiple stars align in a trade that have edge that I spoke about in the previous post.
The more alignment, the higher your probability of success.The more you can risk and the longer you can hold on confidently.
USD currently is still a strong sell Sentiment wise. The longer we stay in this state, the higher the risk of reversal.
Currently, we have overlapping MR's, the probabilities are still with Short USD for now.... but keep an eye on Market Structure changes and shifting Retail Sentiment.
I'd like to see a strong DXY move to the upside with clean Liquidity Gap.... as well as retail sentiment shifting downward towards the strong Buy zone before gaining confidence in going long.
