Beyond just indicators. MarketSpy is the all-in-one most proven set of methodologies for profitable trading.
Real-time candlestick price action augmentation overlay.
Perfected momentum algorithm indicator with strategies.
The pivot master. Support and resistance indicator suite done right.
Rich liquidity zones at a glance.
World's most professional risk assessment and trade execution terminal for Bybit.com.
Unlock the advanced Market Maker, Price Chaser auto-restart and Webhooks functions.
Trading education to last you a life-time. Trade setups that are always on-the-money. What you learn here will stay with you for the rest of your trading career. Top mentorship for top performance. A community like no other.
Hey there! We're offering 50% off on all MarketSpy products for a limited time with the coupon CYBERDEAL
ME-Type 1 is a very effective strategy that allows you to buy low, sell high. This is suitable for people that prefer to wait for deep pullbacks and seek higher R/R ratios when trading high-volatility range-bounce price action in an already-established general trend. Let’s review the cheat sheet below and try to visualize it.
Similarly to our Mag7 example, we will look for long-only signals. As you can see from the image above, we first wait for ARmageddon to find and print a Pyramid symbol – signaling weakness in price-action. This gives us plenty of time to prepare our trade using the ME-Type 1 strategy.
We expect price to stay range-bound after the initial impulse and so we’re interested in buying a decent pullback (perhaps a few days after the signal) or, depending on your operational timeframe, within the next few hours. So if you’re trading a 5 minute chart, wait times are shorter. Remember this strategy requires time to both give you an entry and exit.
In the above example we show you you what you can expect from a “type-1” setup. Flawless victory.
Use DSR to establish maximum depth for pull-backs when evaluating your type-1’s.
This concludes our overview of ME Type-1. Please visit our discord and participate in the live sessions with other experience type-1 traders.