A trader explains a market-maker strategy on 15-minute charts that targets previous day's highs and lows plus fair-value gaps. He waits for a bearish bias and an opening near those key levels, then enters short positions after a sweep and confirmation across multiple days.
Chapters
What does the market maker model look like? It's going to look like this. This is your 15-minute, and you see this level is any of these previous day's highs, previous day's lows. Of course, this is a market maker sell model, so this can be from running previous day's high. You need a predetermined expectation on the day, so you'll only favor this when you're bearish. And I'll give you an example, right? So let's say Friday, fair value gap. Monday, you're going to get something like this. You'll get maybe a sweep on this candle. Tuesday, what I like to do— I'm only considering days where we open closer to these key levels. I'm not going in every day trying to find this, right? Because I know where this forms around these key levels. So if where I'm opening. It's not close to this. I'm going to wait for that.