[quote=sidhujag;5938285]u should go back if u dont know what stop hunting is..[/QUOTE
Thank You now i understand happens aloot saw it several times
Thank You now i understand happens aloot saw it several times
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Dislikedhope ur trading demo... basically there are stops... banks make money by hitting those stops taking ur money.Ignored
Disliked.....
If you think it's a one-sided game, you're wrong. Large players can get creamed just like the little guy.Ignored
DislikedWhen I hear retail traders talking about "kicking banker ass" I just have shake my head... these whales make the market move, and that makes it possible for the little guy to make money.
The little guy may be at a disadvantage in some ways, but the whales have their problems too.Ignored
DislikedIf you think it's a one-sided game, you're wrong. Large players can get creamed just like the little guy.Ignored
DislikedI am sorry to tell you this but there is no such thing as sudden moves ( By which I suppose you mean " What the hell is going on " ??? ) ... Look at the chart below ... Every move that I marked with the thick black line was playable from the very first pip to the very last pip almost ... You just gotta know what to look for ....Ignored
DislikedChanya, while I agree with you, might i point out that I can also tell you every move from pip to pip that you COULD have made AFTER the fact. Just remember hindsight is 20/20 while the future is notIgnored
DislikedWhen banks are trying to offset a large position, a bunch of retail traders (among others) may come along and game the move, which is very frustrating to any large player.
For example, suppose you are a large bank, hedge fund or sovereign with a huge long position from say the 1.2285 support level in EU... and there is some sizable liquidity up at the daily pivot around 2325 (where they would like to cash out). Well, a bunch of retail traders can come in like a swarm of locusts to sell at that level because they believe price will go down.
I...Ignored
DislikedStops should be placed where the market won't touch them or if they are touched that is your signal to exit.
But otherwise leave worrying about stop hunting for the paranoidIgnored
DislikedChanya, while I agree with you, might i point out that I can also tell you every move from pip to pip that you COULD have made AFTER the fact. Just remember hindsight is 20/20 while the future is notIgnored
DislikedCorrect.
As there are other points on that chart where price did not reverse at simply looking for supply/demand (swing points) levels.
Same as most everything else it works except when it doesn't work.
But it works real well in hindsight.Ignored
DislikedI am sorry to tell you this but there is no such thing as sudden moves ( By which I suppose you mean " What the hell is going on " ??? ) ... Look at the chart below ... Every move that I marked with the thick black line was playable from the very first pip to the very last pip almost ... You just gotta know what to look for ....Ignored
Disliked..... I agree , some points supply and demand did not cause price to reverse but why would you assume it does not work well but only in hindsight ???Ignored
DislikedI say that only because the chart was posted, after the fact. I know supply/demand is accurate but then again so are other techniques.
No problem though I've done the same myself.Ignored
Dislikedseen 2 many examples of pa hitting my sl to the pip and reversing to be classified as paranoia.. even with random sls...Ignored
DislikedI try not to think that way.
For instance, we all can remember the big winner that got away. "If only I had kept trade on for just one more minute I would have caught the big move".
But we never seem to remember the big loser we avoided. Which btw is just like having a big winner.
Same thing in reverse - we remember the times when the market takes out our stop to the pip and then reverses. But we forget the times it just misses us.
IMO stops are protection from a big loss. Part of the price of that protection is the occassional "gotcha"...Ignored