Understanding how the MM thinks and acts is my goal. As soon as you know the strategy and can convert it into practice, there are very nice trades waiting. The puzzle pieces are all starting to fall neatly into place. Questions remain, but practice and learning from your mistakes will eventually get you to your goal. You can't beat the BB, but you can get a piece of the pie.
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It's going in the right direction. Patience!
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Next hunt 0.04410. With the right momentum, we will see this level spiked out. A beautiful Double Top! It aint over yet.
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I think: low at 0.24, but this point has not been liquidated. I expect a bear move to knock out the SLs from the Longs and absorb all liquidity. And then a big move Up.
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It's hard to predict what the MM's next move will be. Where is the liquidity? That's the main question. Of course they also know how Retail thinks and acts. So think like the MM: Buy High, Sell Low. The reverse of Retail. Pure PA, without indicators etc. Think like banks, investment companies etc taking into account: Greed.
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Patience!! Alerts and be patient!
Transaction en cours:
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There is a strong resistance -red line- that does not break. I think we're going down. In that case I place limit buy orders on the resistance levels -green line. Eventually the price will rise again. Always place a SL!