I hope you’ve had a chance to catch my other posts and videos where I’ve covered how I determine market state and structure. I determine state and structure by using the tools we offer here at the Oil Trading Group (OTG). I have written blog posts on how I use the OTG Support and Resistance indicator, the OTG Wave Indicator, and the OTG Volume bars. These tools are instrumental in helping me determine market state and structure, but the OTG Market Maker Levels add an adjusted measurement feature that not only gets us going for the beginning of the trading day, but automatically adjusts at pre-determined times to give you an even more “surgical” approach to seeing where the market may be headed.
The Market Maker Levels (MML’s) are simply a series of time and price based studies and can easily be broken down into 3 parts. First, let’s discuss the Market Structure (MS) signal; these levels are calculated using the previous day’s price levels and are designed to guide us in regards to overall market direction for the NEXT/FOLLOWING trading day. The rules (and we’re getting into strategy here) are very simple in that you can “fade” this level on a first time touch. (more in the video below)
This content is restricted to site members. If you are an existing user, please log in. New users may register below for FREE.