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Marketmakersmethod

HOW TO SLAP GOLD IN THE FACE USING FLUID MONEY METHODBasic Market Makers Combined with an intense risk management style and basic key levels create my very own fluid money method. rules listed below, try it out and let me know if you like it! -Fluid Money Strategy 1.0- -Concept 1, Traditional Market Maker Strategy- 1. Box in Asian session range (15 min time frame) 2. Identify high or low of the day (20-50 pips above or below the Asian range) 3. Once established look for one of two patterns to present itself (M formation at the HOD or W formation at LOD) 4. We find our entry on the 2nd leg of the M/W, by way of 3 possible candlestick patterns: -Railroad Track -Morning/Evening Star -Cord of wood -Concept 2, Market Fluidity Risk Management- 1. Draw basic zones for showing the most respected support and resistance from the last 6-10 hours. 2. We find our entry on a clear zone to zone move from a 30-minute candle closing above or below the previous candle. 3. We then manage our trade from the 15-minute chart, following 3 simple rules: -If price pulls back toward our entry we close 25-50% of the trade in profit or breakeven. -If price is pulling back into our red zone(moving toward stop loss) we try and always close before hitting our 100% stop loss. -If a 15-minute candle closes above on a short(sell) or below on a long(buy) position we take profit and look for the next trade.
OANDA:XAUUSDShort
by Remytrades
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