MarketMaker Profiles

Study Guide with examples

Please do not hesitate to add your knowledge in this document.

It is meant as a continuous study, and I’ll correct/add/remove unclarities or facts.

Contact
Telegram: @outsidebox
Discord: OutsideBox#1986
Background
● My initial aim was to gather insight on how market makers sell/buy
models forms, and how to utilize from that in my trading
● After I shared this study on Telegram, KofiRamsey shared his studies
What is MMXM?
● MMXM is an acronym for Market Maker X Model, where the X
denotes S or B (Sell or Buy)
○ MMSM describes a sell model
○ MMBM describes a buy model
● Consolidation initiates MMXM
● Look back, to the left on your chart for a reading on where we are
⚠ Warning
● Most of you will not understand this study at first, acknowledge that
● It will require a lot of time to backtest & understand
● Time & practice is key 🔑
● Trading is a game of probabilities
Background
● MMXM are models from ICT teachings
● What is MMXM?
● How to spot MMXM?
● Examples
Fractals
• MMXM are fractal patterns with fractals repeating inside, on all timeframes
• There are four types of fractals:
• MMSM
• MMBM
• MMSM OTE
• MMBM OTE
• All of these fractals are used to make one of the larger ones
• PA will blend model to model
• All the models will use OHLC levels of Monthly/Weekly/Daily
• MWD-levels are most significant for the algo
• Monthly: Lookback OHLC last 3 months
• Weekly: Lookback OHLC last 3 weeks
Fractals (cont)
● All the models will use MWD OHLC levels for turning points and
accumulate in consolidations to start models
● Whatever month you’re in, look at the last 3 months OHLC
● For the week, look at last 3 weeks OHLC
● For the days last 3 days OHLC
● Study those levels going forward or backtesting, and you’ll start to
see how the models use them with time for the candle
● You’ll be able to see significant highs/lows of daily, weekly, monthly
candles at the turning points of those 4 fractals
ICT Study Guide
• Charter Model 6&7
• Month 4 RCB video
• Month 8
• MM Series on YT
• Look for MMSM in bearish env
• Look for MMBM in bullish env
• Wait for price to react counter trend at key level (failure to breach it)
• Wait for smart reversal (SMR)
• Enter at the low risk sell/buy
• Look for levels that fails to be taken and then hunt for a MMSM/MMBM, like previous day low/high – or
any other PDA
MMSM in the original consolidation box. Then you get the BMS. Then that consolidation/OTE in
LO starts your next model. Then exactly how you have your boxes on the sellside is where both
OTE’s are in NY. But in the second OTE in NY there is a little consolidation that starts the MMBM
for the 3rd leg down in the overall model.
Source: RaeFx
Source: Refined drawing from RaeFx
Source: ICT Mentorship
BMS in Asia. Starts consolidation. 1,2,3 but the whole 3rd
leg up is a MMSM on ltf. Then drops to OTE/Original
consolidation.
LO comes in.
BMS in the MMSM in that third leg up. Starts
consolidation for MMBN where the crossair is then 1, 2,
“consolidation” on midnight open (green line) then MMBM
for the 3rd leg down in the overall model.
HTF.

We talked about the MMBM. But yesterday I mention

previous days NY high would be targeted and we would
have to see.

That’s because it was the OTE lvl in the MMBM.

Now we have the consolidation in LO from yesterday and
possibly a MMSM (Could OTE too)

Plus DXY took that OTE lvl/NY low so SMT going on.
How to spot

• Study swing highs and lows on lower time frames

• Like daily 3 bars on a 1hr/30min or
• 1hr/4hr 3 bar swings on like 15/5 min.

• And just look for the MM models that made the market turn.

• Then when you see a MM model, break it down in LTF and find the smaller models inside the larger one.

• Or if you think one is forming… find the smaller models inside the larger one you think is forming to confirm it’s really
forming.

Do the 3 bar study and just look for models.. and when you find an MMBM/MMSM just the ones inside of it
that form it. That’s the best way to back test when your still learning in my opinion. And just going in
everyday/every week practicing with live data and at the end of the day/week break the PA down through all
timeframe and find the MM models that formed inside that daily and weekly range.
Every green dot could be an entry. Of course you would cherry-pick, but still.
If you know the lows will likely go and you’re in a MMSM- It should be a low risk sell.
Always hunt for retail ideas, like trendline phantom
Entry for sell: The bearish breaker

Red: -OB
Blue: BPR
Black: IOFED
Same chart, on 1m:

Red: -OB
Blue: BPR
Black: IOFED
The Whole Fractal
 Sell side Buy side

Lots of buying in these +OB

Will act as resistance on the buy side
(This is Where Smart Money is Buying).
Note the price going up from the +OB,
Which is because of massive smart money
buying

Least probable +OB to trade back into,

because of SMR
SMR
MMSM
 SMT Divergence (it’s a timing tool)
*/USD should mirror DXY, when it’s not, it is diverging

Expected LL on GBPUSD This telling the traders: GBP is gonna go higher!

EU / DXY
● EU or DXY is going to open up on one of those OHLC levels.
● MWD 12 am
● When one of them does that, say EU opens on a PWL, but DXY doesn’t open on
that same level - that is significant
● That level will cause DXY to draw to it and significant things will happen in PA
depending on the narrative, it’s gonna be a reversal there forming a high/low for
the range, or it’s gonna be an OTE at that level near that and it will show the level
EU will seek
● Highs/lows are set at the open
● Just knowing the levels of the MWD OHLC + time
AUDUSD 1H MMSM (ICT)
Hourly MMSM inside the second stage of distribution on the daily MMSM
Spotting MMXMs
● Catching tops or bottoms is like catching falling knives. You might be
lucky or you’ll bleed
● This study will research how to spot reversals and when to get a
good entry in terms of RR
Reclaimed blocks
● ICT teaches in Month 4, lesson 3.4 about reclaimed blocks
● Reclaimed blocks can be used to confirm buy/sell-side of the curve