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Stop Hunting using Sentiment and Market Structure

  • #161
  • Sep 10, 2019 2:25am Sep 10, 2019 2:25am
Very very good thread, would love to see some previous examples using this process.

What also is a good process to find out sentiment without the software?
  • #162
  • Sep 10, 2019 8:44am Sep 10, 2019 8:44am
Quoting SentiFX
Good evening traders, the ones who responded and the 5 who liked the idea.. I'll DM you the playback tomorrow before the market opens. Those who participate in this thread will benefit.
I'm in too.
-happyTrading-myFx.
  • #163
  • Sep 10, 2019 9:33am Sep 10, 2019 9:33am
Quoting SentiFX
Good evening traders, the ones who responded and the 5 who liked the idea.. I'll DM you the playback tomorrow before the market opens. Those who participate in this thread will benefit.
Would like this myself. Please send to the group
  • #164
  • Sep 10, 2019 10:22am Sep 10, 2019 10:22am
Quoting SentiFX
Good evening traders, the ones who responded and the 5 who liked the idea.. I'll DM you the playback tomorrow before the market opens. Those who participate in this thread will benefit.


good afternoon: I would also like to participate, thanks
good afternoon: I would also like to participate, thanks
  • #165
  • Sep 10, 2019 11:17am Sep 10, 2019 11:17am
Great Thread SentiFX,

Your strategy is similar to George
https://www.forexfactory.com/showthread.php?t=874421

Are you going to explain when you enter trades, how to decide if the are going to aim for the Up or down targets and thinks like that?

In George thread he explained the theory about how his system works but he did not explain anything about entries and things like that

Anyway Im in, looking forward to learn from you
  • #166
  • Sep 10, 2019 11:19am Sep 10, 2019 11:19am
Even though I removed my orders.. look how price would have hit my order and turned immediately within a pip or two.

When you know.... you know.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190910-111816.png Size: 131 KB
  • #167
  • Sep 10, 2019 11:21am Sep 10, 2019 11:21am
Quoting Frag8383
Great Thread SentiFX, Your strategy is similar to George https://www.forexfactory.com/showthread.php?t=874421 Are you going to explain when you enter trades, how to decide if the are going to aim for the Up or down targets and thinks like that? In George thread he explained the theory about how his system works but he did not explain anything about entries and things like that Anyway Im in, looking forward to learn from you
This is nothing like george thread, This about retail sentiment and how to use it at giving you a directional bias and edge. You looking for entries and exit mean you dont know where targets are. Senti fx posts alot of chart showing where the possible targets maybe.
  • #168
  • Sep 10, 2019 11:24am Sep 10, 2019 11:24am
Quoting SentiFX
Even though I removed my orders.. look how price would have hit my order and turned immediately within a pip or two. When you know.... you know. {image}
Noticed this, like it was in a hurry, or something. I did a demo short around .850 in the morning (I trade at LO) and it was fast and the news followed excellent after, like the market already knew the outcome.
Looking for profitable short term trades ...|
  • #169
  • Sep 10, 2019 11:26am Sep 10, 2019 11:26am
Quoting MarkStep
{quote} This is nothing like george thread, This about retail sentiment and how to use it at giving you a directional bias and edge. You looking for entries and exit mean you dont know where targets are. Senti fx posts alot of chart showing where the possible targets maybe.
I completely disagree with you, the strategies are very similar, the look for areas where a lot of stops have been placed by retailers very obvious places, George use to call them targets, and his theory is that the market will be attracted to this areas
  • #170
  • Sep 10, 2019 11:31am Sep 10, 2019 11:31am
For example his entry on the chart would be exactly like George, once the targets have been clean a reversal.

When I talk about entries my question is how do you know that is not going to go lo the lowest circle area, how do you decide that the target has been meet the area clean but is not going to go to the lower one?
Attached Image
  • #171
  • Sep 10, 2019 11:44am Sep 10, 2019 11:44am
Quoting Frag8383
For example his entry on the chart would be exactly like George, once the targets have been clean a reversal. When I talk about entries my question is how do you know that is not going to go lo the lowest circle area, how do you decide that the target has been meet the area clean but is not going to go to the lower one? {image}
You don't know it, it is a probability and smart money wants to sell, so the price retraces to take more sellers money in.
Looking for profitable short term trades ...|
  • #172
  • Sep 10, 2019 12:29pm Sep 10, 2019 12:29pm
Quoting Frag8383
For example his entry on the chart would be exactly like George, once the targets have been clean a reversal. When I talk about entries my question is how do you know that is not going to go lo the lowest circle area, how do you decide that the target has been meet the area clean but is not going to go to the lower one? {image}
You have no idea what you are talking about, Smart money will get both stops seller and buyer, You only have a probablity. But with retail sentiment you have an edge but with sentiment alone you it will not work all the time, you need to look market structure, Retail sentiment changes over time that is what senti fx is showing here.
  • #173
  • Sep 10, 2019 12:48pm Sep 10, 2019 12:48pm
Quoting Frag8383
For example his entry on the chart would be exactly like George, once the targets have been clean a reversal. When I talk about entries my question is how do you know that is not going to go lo the lowest circle area, how do you decide that the target has been meet the area clean but is not going to go to the lower one? {image}
okay let me help you, Again I would like to see where retail sentiment volume is over time. If I see buyers are still in play, I would like to see a pullback at some point whatever strategy you are using, again this is only a probability but with an edge. If big stops were taken out and sentiment changes I would probably look for the gaps to be filled.

regards
  • #174
  • Sep 10, 2019 1:13pm Sep 10, 2019 1:13pm
My thinking is, the sentiment indicator is used as a contrarian signal, ie. when all the retail sentiment is greater than 75% in Buy/Sell positions, look at a reversal using market structure to enter. The more participants (volume) there are, the more significant the reversal is likely.
It never gets easier, you just get better
  • #175
  • Sep 10, 2019 2:25pm Sep 10, 2019 2:25pm
Currently what I use is market structure, now I pay more attention to possible turning points around target areas but I only enter when market structure confirms, so not exactly at the tops or bottoms I need more confirmation that just the price arriving at a particular place in the chart and reverse from there
  • #176
  • Sep 10, 2019 5:17pm Sep 10, 2019 5:17pm
This is a USDJPY trade that I'm in, got in at "magically" the right time and now exiting.

After many years of trading, my entries are very precise and when I'm wrong, I know quickly.

Look at sentiment. Entry based on Market Structure and Trading Psychology.

I bought the Stops and now I'm Selling.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY.PNG Size: 34 KB
Click to Enlarge Name: USDJPY_Sentiment.PNG Size: 105 KB
  • #177
  • Sep 10, 2019 5:43pm Sep 10, 2019 5:43pm
Here is some analysis for you for the USDCAD trade that I missed out on because I canceled my limit order that was waiting at the red line before market open on Sunday. See previous posts to confirm.

Trade may still go to target (red area). If you were in the trade, you should have taken off some at the stops that were taken.

Maybe there is something to the methodology after all? Or maybe I'm just very very very lucky.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 80 KB
  • #178
  • Sep 10, 2019 6:09pm Sep 10, 2019 6:09pm
Quoting milicentfx
Is this a service you are selling?
I have given info here FREE - the idea that retail positioning can provide you with direction no matter how you trade.

I've also shown for FREE - some basics about how liquidity and market structure works.

I'm showing people how to think differently.

I've given people real time trades - not hindsight. How many furu's are out there that can do that?

If you're asking about the Sentiment tool that another trader and myself have developed over many ..... many.... months...... It is not currently available to the public.

I have been talking with my trader friend about making a limited FREE version available though.

You could also visit a variety of sites to gather sentiment data and track yourself - for FREE.

Hope this helps - enjoy the FREE content while I continue to provide it.
  • #179
  • Sep 10, 2019 7:46pm Sep 10, 2019 7:46pm
If Retail keeps heavily shorting UJ - price will aim to fill this Liquidity Gap.

That is the natural order of this particular situation. Price wants to fill the void.

As always - news trumps charts. Anything that causes Risk Off will send UJ south.

What are the probabilities that UJ will continue upward? Why?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.PNG Size: 89 KB
  • #180
  • Sep 10, 2019 8:13pm Sep 10, 2019 8:13pm
They will want to fill that gap and grab the liquidity pool just above it, "fill up with gas" ready for a move south again.
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