Using buy stop limit and sell stop limit with break and retest 2 replies
My Dax Trading Journey Using 123, 2b and Market Structure 9 replies
Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies
Stop Hunting and Demos 1 reply
DislikedNzdusd all most there as well, time is required. Tool is not used but same strategy {image} {image}Ignored
Disliked{quote} Also that is a very important point that you bring up that many people struggle with. In this business - we get paid to wait. Without a catalyst, price rarely goes from A to B as quickly as we would like.Ignored
Disliked{quote} Sentifx, we have been discussing this at ff for a while and came to the conclusion the liquidity algorithm takes time to bait everyone,form liquidity pools, fill liquidity pools. What works best is being slow. Make sense if many are on the lower time frames and have no patience. An automated process AI driven.Ignored
DislikedUsing the prior Sentiment Chart (USDJPY has been a strong BUY) and understanding Order Flow and Market Structure - you could have taken this simple trade with much higher leverage because it was very high probability. Swing traders who took advantage of the Gap Fill against the herd made out well. Scalpers could have sold each and every red line without hesitation - expecting the reaction and grabbing 5-20 pips. Same goes for this red line sell. The trade is over now. Gap has been filled.Ignored
Disliked{quote} But sentiment is still saying UJ strong buy. Why now no more buy trades (H1&H4 are still in uptrend)?Ignored
DislikedJust for pure entertainment value only and illustration purposes - I went ahead and took a very low leverage trade here. My normal trading style is to use limit orders at key inflection points. By using a MARKET ORDER in this instance to show an example - I lost 5.4 pips right from the jump. This is exactly why I do not wait for any confirmation. Smart money (that don't have Level 2 type access) knows exactly where inflection points are and where reactions are most likely to occur. If price blew through the level there then I would have said, well...Ignored
Disliked{quote} Same also, so because this is still heavily retail short, would we still be looking for longs on UJ?Ignored