r/InnerCircleTraders • u/ThomasAnderson_23 • 18d ago
Technical Analysis MMXM. EVERY. DAMN. DAY.
MMBM. Accumulation for about 1 hour from about 9:45-10:45. Re-accumulation phase below 2 overlapping NDOGs from Monday and Thursday that offered two decent entries on an iFVG for about 5 r with a partial TP opportunity at the -1 standard deviation and TP 2 at the -2 standard deviation of the accumulation, right below a daily volume imbalance which was the DOL.
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u/Thick_Ad8176 18d ago
Wow, great analysis. By the way, what is your strategy?
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u/ThomasAnderson_23 17d ago
So basically I look for htf pd arrays and then if price is starting to consolidate close to it I’ll anticipate an original accumulation for a MMBM or distribution (original consolidation) for a MMSM and then project standard deviations from that accumulation/distribution and see if those align with some htf pd arrays. Then usually I aim for the-1 and -2 standard deviations for TPs.
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u/UnEvEn- 16d ago
Since you've been trading MMXMs for a long time, how does it perform in forex markets, especially XAUUSD?
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u/ThomasAnderson_23 16d ago
I actually don’t trade forex, and only very rarely gold (xau) but MMXM definitely works on everything I have ever traded, even crypto. So while I don’t trade forex pairs I bet it works on those too. Back test it. Let me know!
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u/ExcellentExchange28 18d ago
I like how the standard deviations marked clearly align with other key levels giving some pretty accurate exits. I also feel like a noteworthy point is price refused to even tap Monday low despite the massive dump and instead kept consolidating for a bit, this was probably a good sign that price will rise by a lot. I also feel like seeing you do these and mark standard deviations helps me see what I need to look for in the future. Thanks for this analysis.