The charts below are Short trading on GBPUSD and EURUSD on May 23rd (177 Pips).
Trading intra-days in the Market Maker's Trend structure being alert of Red-flag news release has been making me aware of "The Calm before a Storm". Luckily the flow of the Storm is mostly to complete Market Maker's pattern (as Steve Mauro states in his MMM course).
Trading intra-days in the Market Maker's Trend structure being alert of Red-flag news release has been making me aware of "The Calm before a Storm". Luckily the flow of the Storm is mostly to complete Market Maker's pattern (as Steve Mauro states in his MMM course).
See this Chart:
Signal to go Short was triggered by LST system. FMM has also showing an Exaggerated Stochastic Divergence.
I began to realize that the price would be usually calm in a tight range preceding the Red-flag news on GBP to be released 30' minutes after London open. Price was initially moving down gradually then made a spike down taking out the initial TP 50 Pips to fulfill the Market Maker's move (50, 33, 20, 11 = 114 Pips).
Seeing the correlation between the Red-flag news release and the price move would make traders capable of predicting when the Intra-day's price move would take place.
While the Red-flag news impact GBP, since EURUSD 80 % correlated to GBPUSD, then it's not uncommon that EURUSD move along the spike since bearish move of GBPUSD, Currency strengthperspective, could be result of:
1. GBP weakening or,
2. USD strengthening or,
3. Both
So 2 out of 3 occasion the EURUSD would move along. See this short on EURUSD nearly the same time triggered by LST (36, 19, 8 = 63 Pips).
I began to realize that the price would be usually calm in a tight range preceding the Red-flag news on GBP to be released 30' minutes after London open. Price was initially moving down gradually then made a spike down taking out the initial TP 50 Pips to fulfill the Market Maker's move (50, 33, 20, 11 = 114 Pips).
Seeing the correlation between the Red-flag news release and the price move would make traders capable of predicting when the Intra-day's price move would take place.
While the Red-flag news impact GBP, since EURUSD 80 % correlated to GBPUSD, then it's not uncommon that EURUSD move along the spike since bearish move of GBPUSD, Currency strengthperspective, could be result of:
1. GBP weakening or,
2. USD strengthening or,
3. Both
So 2 out of 3 occasion the EURUSD would move along. See this short on EURUSD nearly the same time triggered by LST (36, 19, 8 = 63 Pips).
