Hi traders
I frequently see a stop hunt on the London and NY open just to get enough money on board before it makes its move in the opposite direction
Features of these stop hunts are they stick out from the rest of the bars ie there is notable space and they are almost close like Pins.
Similarly, once the move is up a bit , itll come back, this is either a stop hunt (taking out scalpers, and late comers) or take profits.
I think the big fish are able to think like the small fish and so exploit this. They have the power to move price (or they know other movers using Level 2 data) and so take advantage of this
Any comments are welcome
Anthony
I frequently see a stop hunt on the London and NY open just to get enough money on board before it makes its move in the opposite direction
Features of these stop hunts are they stick out from the rest of the bars ie there is notable space and they are almost close like Pins.
Similarly, once the move is up a bit , itll come back, this is either a stop hunt (taking out scalpers, and late comers) or take profits.
I think the big fish are able to think like the small fish and so exploit this. They have the power to move price (or they know other movers using Level 2 data) and so take advantage of this
Any comments are welcome
Anthony