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How Market Maker Manipulate The Price Study Cases

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I think the most profitable trading strategy is how to read Market Psychology of Market Maker. Here is my analysis after a big Up Grinder of Cable Price:

Retail Traders lucky enough buying before the big up move will always set TP and SL based on Price, The good area of Profit Taking is 1.2377 or 1.2400. So what happened is price not yet reach there but create a pullback.

First Pullback 1.2300, a good spot to raise SL around this Area. Few hours later, it got Hit and Stopped Out. Decent Profit, it is okay. But what happened, price bounce up again and Some Retailers will re enter to chase the market to the original Profit Target. And as we already suspect, Price slammed down below the low to stopped out the Re-entry Trader. At this time, most traders will give up and move on to another pairs or trades. And price Spike Up very hard that only few can catch the move. This is a manipulation to shake off piggy back trader from getting massive profits.

In my conclusion, it is difficult to make big profits in a long term. But to target 25 pips or 50 pips is very doable in day to day basis. For example above we know the area where market maker will target their prey. We know that after the first pullback, price will eventually re visit the area for Stop Hunting. What we do is waiting the pattern emerge then we enter the market, We won’t get hundreds of pips, but it have high probabilities.In the long run it will become big pips accumulative.


Source: http://priceactionpattern.blogspot.com/2020/05/how-market-maker-manipulate-price-study.html


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