Nice lvl support on GLD...
See if hold..
Sonic
See if hold..
Inserted Video
Sonic
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- #73,987
- Edited 11:40am Jul 3, 2014 11:00am | Edited 11:40am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} With all due Respect Sir TAH and maybe my eyes are playing tricks on me, but I am reading the opposite. Both M5 and M15 PA is below dragon and dragon is angled down. My charts show highest volume above 1/2 number, which I understood as MM's buying shorts and closing longs in prep for the ECB and jobs report? Again, I'm new and my understanding of these concepts is limited at best. Any thoughts?{image}{image} TAH, here is my attempt to duplicate an earlier post of yours that is part of the Manual. Please let me know if I'm not even in the...
I agree with your assessment. This just goes to show what 5+ hours can change, and why it is best to always wait for the LS to begin.
- #73,988
- Jul 3, 2014 11:10am Jul 3, 2014 11:10am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,989
- Edited 9:03pm Jul 3, 2014 11:19am | Edited 9:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,995
- Edited 9:02pm Jul 3, 2014 8:51pm | Edited 9:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Don't Trade Until They Hit the Stops!
Sonicers,
A few days ago Sonicer feinan posted the pic. you see below. It drives home the fact that the nemesis of our Classic trade setups has always been the possibility that after entry the dirty rotten Robber Bank MMs would whip or whack the price, immediately putting our trade into the red and most likely stopping out many here that use SLs.
One question came to mind. How do we know to wait for a Stop Hunt if we don't know they will do a Stop Hunt? I mean, we might wait for a Stop Hunt that never happens, while the price goes in the direction of the trade we held off entering.
And here is an answer. We wait for the Stop Hunt. You see, if it does not happen then maybe that means the Robber Bank MMs are not going to run the price for a lot of pips profits. The Stop Hunt is our "Big Clue" that a good move is going to be initiated. It is our signal to trade the setup. If we do not get that signal, we do not trade the setup. Sure, there will be times a setup will run for some fair pips without being preceded by a Stop Hunt. But, if we only trade following a Stop Hunt, I wonder how improved our statistics will become?
And this train of thought gets us right back to the recommendation to only trade the LS. You see, even if the Asian session MMs hunt stops, if a big move is in the making we can be sure the LS MMs (including the Big Boy US MMs) will take price right back to the highs or lows the Asian session MMs went to, or more so!
Any thoughts on this, Sonicers? That includes you, feinan, since you started this!
-tah
Sonicers,
A few days ago Sonicer feinan posted the pic. you see below. It drives home the fact that the nemesis of our Classic trade setups has always been the possibility that after entry the dirty rotten Robber Bank MMs would whip or whack the price, immediately putting our trade into the red and most likely stopping out many here that use SLs.
One question came to mind. How do we know to wait for a Stop Hunt if we don't know they will do a Stop Hunt? I mean, we might wait for a Stop Hunt that never happens, while the price goes in the direction of the trade we held off entering.
And here is an answer. We wait for the Stop Hunt. You see, if it does not happen then maybe that means the Robber Bank MMs are not going to run the price for a lot of pips profits. The Stop Hunt is our "Big Clue" that a good move is going to be initiated. It is our signal to trade the setup. If we do not get that signal, we do not trade the setup. Sure, there will be times a setup will run for some fair pips without being preceded by a Stop Hunt. But, if we only trade following a Stop Hunt, I wonder how improved our statistics will become?
And this train of thought gets us right back to the recommendation to only trade the LS. You see, even if the Asian session MMs hunt stops, if a big move is in the making we can be sure the LS MMs (including the Big Boy US MMs) will take price right back to the highs or lows the Asian session MMs went to, or more so!
Any thoughts on this, Sonicers? That includes you, feinan, since you started this!
-tah
- #73,996
- Edited 11:46pm Jul 3, 2014 9:22pm | Edited 11:46pm
Don't Trade Until They Hit the Stops! Sonicers, A few days ago Sonicer feinan posted the pic. you see below. It drives home the fact that the nemesis of our Classic trade setups has always been the possibility that after entry the dirty rotten Robber Bank MMs would whip or whack the price, immediately putting our trade into the red and most likely stopping out many here that use SLs. One question came to mind. How do we know to wait for a Stop Hunt if we don't know they will do a Stop Hunt? I mean, we might wait for a Stop Hunt that never happens,...
i would say the greatest of scout use is during stop hunt appear, and when the scout is good, wait dragon turns, and then add classics. powerful indeed,, but Entry Time is limited, need very cautious.... 
Let the PA and dragon show the way,, become,, let the PA show the way, let Dragon show the real way.. lol
12.276 unit pips banked past 2 weeks on Gold with half lot trading, only few small losses..
and this is when Dragon shows the real way. always double confirm before entry..
feinan
t.me/LWBRfx Discord.io/LWBR
- #73,997
- Jul 3, 2014 9:32pm Jul 3, 2014 9:32pm
Don't Trade Until They Hit the Stops! Sonicers, A few days ago Sonicer feinan posted the pic. you see below. It drives home the fact that the nemesis of our Classic trade setups has always been the possibility that after entry the dirty rotten Robber Bank MMs would whip or whack the price, immediately putting our trade into the red and most likely stopping out many here that use SLs. One question came to mind. How do we know to wait for a Stop Hunt if we don't know they will do a Stop Hunt? I mean, we might wait for a Stop Hunt that never happens,...
{quote} prof tah, i applied to gold.. this is the result.
Where do the Robber Bank MMs to placing their own bets on
- #73,998
- Jul 3, 2014 9:47pm Jul 3, 2014 9:47pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,000
- Jul 3, 2014 11:05pm Jul 3, 2014 11:05pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} prof tah, i applied to gold.. this is the result.
Great feinan !!!!!