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When we talk of vector candles we are talking about height. The first candle is the one that breaks the Asian range. The second candle marks the second high. From this zone it can either pull back then push up for the third one. That is why they say stop hunt is 25-50pips or 75pips.…
As the name says it, the half batman is a pattern formed when price closes and drops then consolidates to accumulate orders and continue to drop without a clear visible stop hunt. The half batman can form on any timeframe and can take the same day to form or more than 1 day. This is…
In this pattern, price will move in the direction whether up or down and then consolidate for a while and act like they are dropping which is inducing sellers and buyers and taking them out they will quickly rise against them and above the previous High. On this level they will form the peak and…
As discussed in chapter three, the MM Cycle runs from peak to peak. This means that a peak formation is when the cycle starts and the next peak formation is where the cycle ends. This is illustrated below with the peak labeled from the start to the finish (numbered 3). Sessions and Peak formation…
Chapter Summary The illustrations below summarise the key points in this chapter. If you do not understand what has been mentioned in this chapter, please read and re-read as this chapter lays the foundation of the chapters that follow.
33 Trade refers to having a 3-level rise over 3 days in combination with a Level III rise on an intraday chart. If this is identified it is a strong sell signal. So, as an example, if you were able to observe that you were in day 3 of a rise following a peak formation…
A 22 Trade is simple. All we are saying is that we are having 3 legs instead of 2. Dealer forms an M and a W then ends the session or day. The following day he comes and forms another leg just one and shifts the zone away.
Most people always have a hard time catching these, but they are so simple. The reason they are called straight away is because price does not give a clear visible stop hunt but instead in moves away. Straight away trades are often continuations from previous day or days. Normally on your TDI you will see…
This is an intraday trade which happens after a peak has been formed and locked. It presents itself after level 1 drop/rise. Peak lock means that the peak cannot be returned to and the cycle only has to go down. Remember, ID50 locks the peak on M15 and there is a 50/200 EMA crossing. Let…
This is the first pull back that the dealer does coming back from the peak formation. This is to validate the peak. The pullback is done up to the 50EMA. It is to show us that our peak has been formed and validated and that we are not going back to the peak anymore.
