I wanted to announce that Flux Charts has gracefully sponsored my Trading Journey. This is such a needed and amazing vote of confidence and help that I very much need and I’m very grateful. I will be doing tutorials on the use of their indicator suite and you’ll see me using the suite almost daily on Youtube. Thanks to them, I’ll be back to doing daily content I wouldn’t be able to afford to do without their support, so if you are a trader, check out their suite. It’s nice, and, we will soon have a custom suite setup specifically to aid me in my Market Maker Method and 15 Min Market Open setups and more. I’m very excited about this.
My detailed Trading Journey, Mortgage Loan Officer Sales, Political Perspective and Life view and more can be found at CryptoCrow.io and I respond to every comment. That site has become a true extension of me that I control 100%. I’m loving it and it seems many others are as well. See you there!
15 Min Candle MacD Market Transfer Setup
I have been crafting a theory I plan to test this coming week. I'll share it with you and maybe you can test it yourself.
15 Minute Candles - MacD
It seems price action seems to hold direction between MacD crossovers. I've also been seeing the patterns that play out as the US Market opens and takes over Monday through Friday.
It looks as though if the US is handed the market from the UK with the MacD in the Red, US pushes the price up.
If the US is handed the market with the MacD in Green, then it pushes the market down. However, between 9am and 9:30am, if there is a MacD cross over, that is respected first.
If a crossover happens within the 9:30am Market Open and 11am, it just adds volume and momentum to the direction in play.
My Morning Market Setup
What I've done to prepare for this coming week is I've marked each day with a vertical lines to separate the days.
I then mark the 9am to 11am session. This will show me the momentum heading into the US Market open at 9:30 and give me the window of opportunity to catch the trade.
My Theory is, there will either be momentum from UK into US to the upside or down. The market makers hand off the market and then I'll check MacD to see what is most likely, a continuation or reversal. There may be a liquidity hunt first before the reversal.
To take things a step further, I'll mark the High and Low of the previous day which generally acts as support and resistance for the current day. So if I'm in a trade towards the High or Low, I'll know to expect a reversal upon hitting that with a higher probability than a break up or down through those lines.
Also, this doesn't matter on Weekends as Market Makers aren't active. So I'm just focusing on weekdays.
I'll post an update on this once I've tried all of this in real time.
I posted a breakdown of my follow up trades the following Monday here.