The Yellow Down Arrow I added in my uploaded pic of the trade was where SM came in to hunt, and where DM followed and where it took me into the long fight.
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DislikedThis can only be done by KNOWING that SM were directly targeting DM. Unless you know the entry point of DM (like on what we saw on Fractals charts) most of the time the rest of us will end up being DM, that is the name of the game it seems. Don’t be daunted by this, you can still get out at the other end intact. And maybe with a profit.Ignored
DislikedI usually take a screenshot of trades (winning and losing) to reflect & learn from them later on as to what I did right or (often) wrong. Last night’s torrid battle with SM lasted almost twelve hours, though most of it was watching & managing the trade. Like they used to say in the old days before the Wrestling Shows – KIDS, DON’T TRY THIS AT HOME. What I’m happy to show of my private trading life is not highly advanced stuff (elite traders will not even be interested) and it does take knowledge of how to work within the mystery’s of this FX game....Ignored
DislikedHi Profitfarmer, Dumb Trader. Wonderful lol. Thx for the vote of confidence. Focus on the process. The first 4 of the trades had nothing to do with SM of course. I don't expect a stop run and don't ever know when it begins (till it has begun). If you know - please let me know lol. The first 4 trades were perfect for the 25 pip down move that SM were always going to do in my opinion (and which they subsequently did of course). And if SM went ddown first I would have closed the trades with a smaller profit than I ultimately achieved. Better for me....Ignored
DislikedIF YOU WONDERED ABOUT THE INTRADAY SM PROCESS. WELL, THIS IS THEIR MONA LISA. They cleaned out all the retail shorts THEN cleaned out all the retail longs. Larger Swing and Position institutions/traders are still intact lol, price is still running between their lines. But Retail were carved up like a Sunday roast. And price went where ultimately? Dickie Betts (Allman Bros) – “Back to where it all begins” Those that see this PROCESS (that Fractal let US ALL SEE) will maybe understand my posts. I’m not a teacher, and I learn best doing it & viewing...Ignored
Disliked{quote} No one will ever be able to quote this stuff as facts, all we can do is draw our own conclusions. Current estimates are that FX turnover is over $5 trillion daily, so what would it take to manipulate that? mmmmm...….????? DM will trade instinctively and intuitively, they will keep making the same mistakes over and over again, how much manipulation does it take to profit from that? It's about one group of traders having a good idea what the other group is doing. Oanda is one of the biggest FX brokers, it publishes it's order book, i.e. Stops...Ignored
Disliked{quote} If the market turns over 5 trillion daily, wouldn't it be feasible for the SM to hold several huge accounts with reserves capable of moving the market? If the market is that huge, it would need huge orders, and huge accounts surely. I will try out the order book stops and orders, can I ask you please do you recommend using the MT4 indicator or the website version? I heard that the data refreshes every 20 minutes? How do you use it in a way that it helps you to trade? Do you trade the opposite of what the retail are doing?Ignored
Dislikedit's basically about trading short from the top of accumulation after a stop hunt, and long from the bottom of accumulation.Ignored
Disliked{quote} Very nice plan Bushy it was a good read through thank you for sharing your trade analysis, one question please, when you mentioned trading short from the top of the accumulation after a stop hunt, you mean trading short after the accumulation of the stop losses of the dm shorts have been completed?Ignored
DislikedHi Bushy, it's basically about trading short from the top of accumulation after a stop hunt Welcome back to the fold mate. Everyone's still learning and yes I like this style. Sentiment & psychology would always have its place but its a bit thin just to trade off for the way I assess them without a skill base in that arena. But I won't knock a pivot ever. Again with an indi it probably should not be used just to enter a trade from (they overshoot-undershoot etc and burst past major lines) but I have found them a terrific structural overview of where...Ignored