DislikedI really don't see the point of getting bogged down wondering whether the orders placed are limit or market. Price usually bounces, to the pip, exactly where it's meant to, and that's forecastable. If the institutions do their jobs properly, they will have sufficiently bewildered the retailers on the lead-up to the bounce that on the inevitable fakeout to the turning price they will entice enough breakout traders to get totally on the wrong side of the market, and catch the stops of those on the right side of the market (making them, in effect,...Ignored
Just a follwup question, if we are always on the lookout for ITs trapping or enticing traders to buy or sell, how can you be so confident that original s/d (rbr, rbd, dbr, dbd's) will hold to the pip. Couldnt they just push through or remove the unfilled orders and run some stops before reversing it, rendering the before mentioned level redundant.
CHEERS, MUCH APPRECIATED
Bye Bye FF