hey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMM
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Dislikedhey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMMIgnored
Dislikedhey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMMIgnored
DislikedMartin Cole's model of 3 market phases: accumulation, manipulation, profit-release is relevant to this thread. Hope to see some charts with belief bars, jump bars, intent bars shown.
http://www.forexfactory.com/martin*coleIgnored
DislikedDid anyone take this down? Thanks to Bstay2 for the heads up.
However, you MMM newbs out there: Please never take a trade you don't fully understand!
I took actually the CJ down for +40 pips on 10 pips risk (equivalent to 80 pips on the EU). Nearly got stopped on this one.
http://photoupload.org/uploads/13287057371.pngIgnored
DislikedI took the GBP/USD short. The M-pattern in the 15min TDI was more defined: first leg above volatility band (SharkFin) and second leg came close but could not break the band, while prices made new high above Weekly R1 and closed under. I would have been stopped if that 5:00amEST pin bar was to be as huge as GBP/JPY.Ignored
DislikedI use a fixed risk for each pair, pre-programmed into my conditional orders (called OCO/OSO in TradeStation). Once the entry is live, I should adjust the stop order but usually just left it alone. I share-size accordingly so 23pips risk allowed less lots, 15pips risk allowed more lots. So every trade risked same dollar amount.
EUR/USD - 20pips
GBP/USD - 20pips
AUD/USD - 17pips
EUR/JPY - 23pips
USD/CHF - 16pips
USD/CAD - 15pips.Ignored
Dislikedwould anyone take this GBP/JPY long? W-pattern 15mins as of 10:11amEST, at ADR Lo, round number 122.00, near Daily Pivot PP, rising 200ema.Ignored
Dislikedwould anyone take this GBP/JPY long? W-pattern 15mins as of 10:11amEST, at ADR Lo, round number 122.00, near Daily Pivot PP, rising 200ema.Ignored
DislikedI know the one thing a MM teacher cautions against is trading pairs wherein the Asian range is greater than 50 pips. GJ's Asian range was 80 pips, which is why I'm staying out.Ignored