Download as pdf or txt
Download as pdf or txt
You are on page 1of 27

MindSet

● Proper Risk management /risk to reward /SL.

● Think long term (Be consistent)/Commitment.

● Develop your own trading rules, rather following strategy.

● Keep record of trading, learn from own mistake.

● Do not compete with others instead prepare yourself.

● This is not a race, just cause some don’t make it doesn't mean you can't.

● Anyone can read about Forex for years but will won’t succeed, proper
guidance is necessary.

● PATIENCE IS THE KEY TO SUCCESS


Who runs the Forex Market ?
● Central Banks
● Big banks
● Hedge funds

Market Maker are one who controls the Market.


How to Understand Market Makers Move ?
Understand 3 objectives of Market Maker

● Objective 1: Induces Traders To Take Position

● Objective 2: Create Panic And Fear To Get You To Think Irrationally

● Objective 3: Hit The Stops, Clear The Board . . Take Money Away
Limitation
Market Makers have limitation and have to follow them;

● Movement of 200 pips per day / 600 pips per week.

● Follow Certain Pattern and keep on repeating.

They have a goal to make as profit as possible

● Induce traders to take false trades hit the Stop and take money away.
Session,Type, Timing & Indicator
Market Maker are active during London Session and New York Session.

Asian Session London Session New York Session

Type 1 Type 2 Type 3

Indicator to divide session: FXN - Asian Session Range


Market Maker Trading MindSet
● We trade on Second Leg of Pattern formed by London Session.

● We trade on trend continuation or correction on New York Session.

● Your Eyes & Understanding are two best indicator to beat the market
maker.

Every Strategy will change with time but system never


changes… We are following system.
What is a Candlestick ?
● Candlesticks are formed using the open, high,
low and close of the chosen time frame.

● If the close is above the open, the candlestick


is bullish.

● If the close is below the open, the candlestick is


bearish.
Candlestick Pattern Confirmation
Shift Candle

Bullish Shift Candle :

● Single Green candle with 10+ pip.

Bearish Shift Candle :

● Single Red candle with 10+ pip.


Rail Road Track

Bullish Rail Road Track :

● Bearish Candlestick followed by bullish candlestick.

Bearish Rail Road Track :

● Bullish Candlestick followed by bearish candlestick.


Morning Star

Considered as bullish reversal pattern, which often occurs at


the bottom of a downtrend,consists of three candlesticks:

● The first candlestick is bearish which indicates that


sellers are still in charge of the market.

● The middle candle can be bullish or bearish.

● The third candle is a bullish candlestick, which holds a


significant trend reversal signal.
Evening Star

Considered as a bearish reversal pattern that usually occurs


at the top of an uptrend, consists of three candlesticks:

● The first candle is a bullish candle.

● The middle candle can be bullish or bearish.

● The third candle is a large bearish candle which holds the


bearish version of the morning star pattern.
Cord Of Wood (COW)

● If it’s for BUY


It will start with bearish candle followed by bullish ,
bearish and finally bullish candle giving us
indication market is ready to go up.

● If it’s for SELL


It will start with bullish candle followed by bearish ,
bullish and finally bearish candle giving us
indication market is ready to go down.

Cow normally appears on Higher high or lower low.


Engulfing Candlestick

Bullish Engulfing :

● Small Red candlestick followed by large Green


candlestick.

Bearish Engulfing :

● Small Green candlestick followed by large Red


candlestick.
The Pattern

● Reversal Footprint of Market Maker is “The Pattern”.

● Intraday Pattern is found at High Of Day or Low Of Day.

● Pattern will tell us the direction for the session or the day.
M & W Pattern
Rules for Confirmed M/W Pattern

● Outside Structure with Vector (1st Leg).

● Price will come below/above 13 EMA to


create Centre of the Structure.

● Price will go up/down close above/below 13 EMA.

● Wait for price close below/above 13 EMA. Closed


Above
13 EMA

Str tside
e
● Enter with Candlestick Confirmation. Entry

tur
uc
Ou
Closed
Below 13
EMA
** Go through chart and find Confirmed W Pattern. **
Advanced M/W Pattern

● Only difference between


Confirmed and an Advanced
M/W pattern is that Advanced
patterns doesn’t close below or
above the 13 EMA but will
consolidate in a 25 pips or more
range before shifting back
through 13 EMA, not creating the
clear centre of pattern.

Entry
Where we can find these patterns ?

● At High Of Day(HOD) and Low Of Day(LOD).

● In Level 3 reversal zones.

● After Market Maker hit the stops above or below the Asian
Box.

● After Average Daily Range(ADR) has been met or exceeded


for the day.
** Go through chart and find Advanced W Pattern. **
What is Half Batman Setup ?

● Incomplete M or W pattern can be taken as Half


Batman pattern.

● Market Maker follow the Steps of M/W pattern


but leave the Trapped volume intact without
coming back to the extreme high or low which
results is formation of Half Batman Pattern.

● Market Maker doesn’t hit the stops above/below


the 1st leg because the trapped volume is higher
than if they want back to the High or Low and
released the trapped volume.
Rules for Half Batman Type 1

● Outside structure is the 1st leg.

● Price close below/above 13 EMA.

● Price go back above/below the 13 EMA to


challenge the 1st leg.

● Price fails to reach 1st leg by 10 pips or more.

● Wait for the Shift Candle.

● Shift Candle Should close below/above the


centre of pattern . . . . .TAKE TRADE
** Go through chart and find Half Batman Type 1 for W pattern **
Rules for Half Batman Type 2

● Outside Structure is the 1st leg.

● Price close below or above the 13 EMA.

● Price willnot go back through 13 EMA.

● Wait for the Shift candle(Seeing ADR).

● . . . TAKE THE TRADE


** Go through chart and find Half Batman Type 2 for Rise **
THANK YOU !!

You might also like