Disliked{quote} That is correct. The banks are not thinking about retail stops. They know the prices that will inflict pain/decision making/prompt action by other institutional traders and they will move the market to or beyond those price levels to make their point. But no one is thinking about our trading in the big picture. It just is not happening. However, it is a very handy piece of information to understand where they will push price to prompt a decision, and watch what happen to your trade, or make a trade, when they get there. It's critical to...Ignored
If you can increase speed of the market by throwing massive orders on one side of the order book, you control direction.
If you remove massive volume from the charts, the Algo is coded by mistake to halt expansion and close orders until it returns to the highest density zone.
But if you guys and girls want to see how to trade alongside the big payers without any drawn down other than the spread, try removing all price and candles and just trade volume as it rolls in. Last night I was mainly focusing on EURUSD as all the money was here to be honest. I of course I can't see volume of the currency markets but I can see its reflection in the Futures market.
Here is CME 6E or EURUSD and you can see how I waited for the big players to exhaust all sellers before they Sold themselves, and so did I.
No candles, no price - just volume in units reflected from 6E and traded this information on the currency charts.
Trading thin liquidity at the boundary of the charts
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