Live markets, real money. Can you imagine a better way to learn how to trade.
Hi
Following up on yesterdays post I thought it would be a good to show you in live market conditions how to apply what I covered.
Live trading the the market makers business model.This video runs for about 8.5 mins and shows why I took the two trades and then the outcome.
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6 Responses to Live Trading Market Makers remember do you 2 Live Trading
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Hi Martin,
Still some what confused….In this video you are using, the facard i.e support and resistance levels that every trader uses. Why does the MM use the same levels as everyone else. If he was to manipulate the market he would see these levels and drive the market higher or lower to catch us out but, he does not????????.
Regards
Geoff
That is EXACTLY how they are used by the Market Makers that is EXACTLY why you use them BUT you have pat so that (A) you only act as a result of Accumulation and (B) PAT will show you IF that level is going to be manipulated or not. I was able to take the trade long WHY? Because the MM chose NOT to break it and I could see that from the JB in PAT and how the PVol (PAT volume) was showing up. If PAT had of shown different then I would have known the market makers were going to use the old favorite S&R for their own gains.
Think about this…………WE USE THE MARKET MAKERS TOOLS, we use the DECEPTION, we use the FACADE for our OWN benefit. This is VERY different to TRADING THE FACADE. The masses TRADE THE FACADE we USE IT
Haha.. Martin and I were having this very discussion on Friday night. I was having the same trouble wondering why on earth we were looking at what appeared to be standard support and resistance. Thats the key distinction i guess i missed – that we USE it to our advantage rather than trading that facade… Im still not sure that in practical terms there is a huge amount of difference but maybe im still missing something…?
The difference is that this is YOUR tool. I would like to to really go back over that video and then go back to your charts. Look at how the MASSES are manipulated and then turn this to YOUR advantage
Hi Martin
…this is very helpful…and challenging. On your above reply..” ….I could see that from the JB in PAT and how the PVol (PAT volume) was showing up. ..”, could you go into how you read the Pvol, for THIS example? ..
thanks
Hi Mark
I am just looking at what and increase may cause and then what a degrease might cause. Pretty much along the lines of HVT areas
Nothing really complicated