- DYNAMIC SUPPORT AT 200 EMA
- TREND LINES SHOW BEARISH MOMENTUM
- 0.79 ENTRY ALLOWS LARGE R:R AND MINIMISED LOSES IF ANY
- ALSO WPULD SHOW A REJECTION OF THE 0.5 INSTITUTIONAL LEVEL WHICH ACTS AS A LARGE LEVEL OF SUPPORT
MACRO TREND IS BULLISH, HOWEVER TREND IS NOW CLEAR DUE TO THREE HIGHS HITTING THE TREND-LINE WHCIH MEANS A REVERSAL IS IMMANENT. I EXPECT THE MARKET MAKER TO CONTINUE CONSOLIDATION TO THE TREND LINE TO BUILD ORDERS THEN SEND A STOPHUNT -25 PIPS FOLLOWED BY A REVERSAL OF THE MACRO TREND. WAIT FOR A STOP HUNT AROUND 30 PIPS BEFORE ENTRY.
Market maker basic rules on the trading strategy - LDN breakout, ASIAN consolidation, NY reversal.
M and W formations also lay in line with this strategy, as does the idea of a midweek reversal .
Will take any opinions as I'm a beginner with this strategy!
Market maker trading strategy used to work out there was going to be a breakout in London after there was a hammer left at session change over. expecting a rise at 3pm on the 23rd due to fundamental analysis but also expect a reverseal in the New York session time.
happy to hear any opinions, I'm only 16!