MMXM or Everything Else? ⬇️
At the end of the day everything is MMXM; there is a reason ICT taught it last and said you need to understand all of his other concepts to gain an appreciation for them.
Additional confluence can be gained from decoration of MMXM additional time and price theory.
What Theories?
1. Weekly profiling (@_amtrades)
2. Protraction Profiles (I have a PDF)
3. Po3 (Check out @MonsterLab3)
4. Quarterly theory (@traderdaye)
5. Advanced Market Structure (@TTrades_edu YT video)
These Techincal analysis tools add a complementary layer of confluence, but the fundamentals remain the same; each of the things above offers insight into the various phases of a MMXM.
Time based theory (Protraction and Weekly Profiling) gives insight into factors such as the likely day of week, hour of day (london vs NY) etc for high probable expansion;
⇢ if that then this time based logic....
Po3 allows your to frame areas of manipulation and reaccumulation into distribution (SD 1-1.5 ~ SBZ reaccumulation) (Retracement reversal SD 2-2.5) (Terminus SD 4).
⇢ Remember price does not just go directly up or down, it accumulates, induces liquidity, retraces, or even reverses before completion of a MMXM.
QT adds session opens, daily/weekly/monthly opens as areas of high confluence for AMD (people also use ICT macros last 10 and first 10 of every hour with QT)
⇢ Time > Price
How MMXM Simplifies this Analysis (@theMMXMtrader teaches it best)
If your focus remains on three questions
1. The Why (HTF narrative) = PDA; ERL or IRL
2. The How (ITM MMXM & Structure)
3. The entry (LTF pattern, and LTF low hanging fruit)
You have the makings of profitability using just a single concept
ERL♻️ IRL + timeframe alignment
Once you undestand this you can build on the fundamentals using the concepts above, adding nuance to your edge.
Cheers,
🥂
I'm living in a certain bubble sijui kama nitawahi toka. Leo I have it na kesho sina and it's not that I'm wasting money ni vile it's not consistent .The last time I got a gig ya frames ama cards was like two weeks ago , economy ndio hiyo imekuwa mbaya .... A thread ...
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