If London Does this, Then New York will do this:
London Reversal = New York Continuation
London Protraction = New York Reversal
London Consolidation = New York Manipulation
How it trades:
~ Open - Trades to PD
~ Low is formed via Turtle Soup๐ข
~ CISD Validates Low
~ Expansion
#BTC
Monthly context/bias: ERL -> IRL
Weekly view: 2-2.5 zone where expecting price would reversal or retrace. Price is in a CONSOLIDATION phase -> then NEWS MANIPULATE and take out the liquidity and fill the weekly BISI (imbalance) -> finally DISTRIBUTE to the upside
Utilizing Time in the Markets
A full PDF on how to utilize Time and truly understanding "Time & Price"
Like, share, and follow for more content like this.
https://t.co/ZXT5l0MOCO
Protraction Profile Type #1 ~ Classic
Po3 Development:
A ~ Asian
M ~ Pre London/London
D ~ London
X~ New York continuation
๐Engage NY with OTE Breakers
how i avoid taking bad trades. (simple)
by understanding market phases:
expansions lead to consolidations
consolidations lead to expansions
most traders canโt wait for the consolidation to end and get in too
early only to be stopped out before
the expansion. (impatience)
most traders canโt stand missing the expansion and chase price only to get caught in a consolidation. (fomo)
in a game where 90% fail, i simply do the opposite of them.
a good rule of thumb:
the market will consolidate around 70% of the time.
be patient.
MMXM or Everything Else? โฌ๏ธ
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;
โข 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).
โข 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)
โข 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
ERLโป๏ธ IRL + timeframe alignment
Once you undestand this you can build on the fundamentals using the concepts above, adding nuance to your edge.
Cheers,
๐ฅ