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Quoting zby1993
{quote} Hi cuch, It's a very interesting idea to use stop hunting as part of your trading plan. I have personally faced this type of situations quite often, but most of the time I could avoid losses because I tend to move SL to break even point quickly. But like you could imagine, I sometime miss the big moves as well. Could you teach me how to identify those area? I'm sure a lot of people will be interested in this topic. Thank you !
This is an actuall 1 H EURUSD.
Just need to train your eyes, and look for the obvious places where most retailers would put their stop....either cause they just got in the trade, or they are trailing.
Usually the last swing.
Also, after the run, is the safest place to put your stop.News are used to flush most players...If I trade 4 hours, my stop is very wide...if I trade 5 minutes, I close way before the news.

Hereīs a homepage of professional traders who base they trading on stop hunting, they have lotīs of you tube videos explaining..I donīt use their system, but definitely pay attention to stop hunting. Itīs horrible to get flushed, only to see it run in your direction...without you...

http://www.daytradingforexlive.com/d...py-may-2-2012/
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Jacky's Kitchen

Chef previously from Peninsular hotel Hong Kong

Price: $$
Ambience: 7
Food: 7
Service: 7
Overall satisfaction: 6.5 <<---- perhaps there were too many people and conversations in a small area
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Quoting zxdtrader
{quote} well said. reason i was asking this stupid question in my previous post is, i usually find market is thin and not moving a lot in the 'right' direction in the morning 6-11am, and the worst time to enter a trade is during HK/SG lunch time. so i restrict myself to only trade after europe open at least, if not after london open. i look at smaller time frames, that somehow contradicted to my day job. so i wanted to know how fellow traders in Asia plan for their trading days, and their trading styles. good to know you look at smaller time frame...
I keep my philosophy simple ::

Your officer tells you aim rifle left ......

Your sergeant tells you aim rifle left .....

Dont be the recruit that exhibits salmon behavior by swimming upstream......... just follow your bosses unless you have billions to move.
hmmmmm......
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Quoting zxdtrader
{quote} well said. reason i was asking this stupid question in my previous post is, i usually find market is thin and not moving a lot in the 'right' direction in the morning 6-11am, and the worst time to enter a trade is during HK/SG lunch time. so i restrict myself to only trade after europe open at least, if not after london open. i look at smaller time frames, that somehow contradicted to my day job. so i wanted to know how fellow traders in Asia plan for their trading days, and their trading styles. good to know you look at smaller time frame...
Hi there,

I normally trade during the UK or US open. 6-11am is best suited for taking kid/wife to work, read the papers, some work-out.

Past 3 months, I trade from 6-10pm period.

Love watching the 8:30pm chart drama, dun trade if you are a newbie. You need steel balls and luck.
Quoting cuchuflito
{quote} This is an actuall 1 H EURUSD. Just need to train your eyes, and look for the obvious places where most retailers would put their stop....either cause they just got in the trade, or they are trailing. Usually the last swing. Also, after the run, is the safest place to put your stop.News are used to flush most players...If I trade 4 hours, my stop is very wide...if I trade 5 minutes, I close way before the news. Heres a homepage of professional traders who base they trading on stop hunting, they have lots of you tube videos explaining..I...
Hi cuchuflito,

Do u mind giving more examples of the stop hunting and where will u place your entries, stop loss & Take Profit. Thanks in advance. Sorry didn't mean to disrupt the thread progress, pls pardon me, as I'm sure there are others also interested to know.

Best Regards,
LearnAlways
I only know I know nothing
Quoting perrier
{quote} Hi there, I normally trade during the UK or US open. 6-11am is best suited for taking kid/wife to work, read the papers, some work-out. Past 3 months, I trade from 6-10pm period. Love watching the 8:30pm chart drama, dun trade if you are a newbie. You need steel balls and luck.

ya... my balls are made of meat.
for me i can only trade after work so its around US opening to midnight. i trade 1H timeframe and usually close all profits by midnight. short term trading have gave me more profits and peace of mind then long term so far so i am sticking to it for now. i am not zai/confident yet to catch big fish like the pros here on longer time frame but i am working on it. what i have learnt so far (in the hard way) is to not be greedy and do not enter if there is no GOOD setup and this have served me well so far ​
Quoting zxdtrader
{quote} ya... my balls are made of meat.
Dont worry after 10000 hours will be like this

Inserted Video


If not do another 10000 hours
Quoting MarkChew
{quote} Dont worry after 10000 hours will be like this https://www.youtube.com/watch?v=Js_3bIni52I If not do another 10000 hours
Kids should not copy.
Quoting LearnAlways
{quote} Hi cuchuflito, Do u mind giving more examples of the stop hunting and where will u place your entries, stop loss & Take Profit. Thanks in advance. Sorry didn't mean to disrupt the thread progress, pls pardon me, as I'm sure there are others also interested to know. Best Regards, LearnAlways
This is eurusd 5 minutes today....you wont be able to catch them always...once you understand how they tend to put the traps, you can organize your strategy around it...not easy, they get better every day....they have the $ to afford the best programmers....no wonder most people loose consistently.
Hope this was usefull...
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Hi Mark,
It's refreshing to see that you have challenged your life and achieved success. Good luck.
One Good Trade
Quoting perrier
{quote} Kids should not copy.
KIDS???

Nobody should copy!!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
{quote} KIDS??? Nobody should copy!!!
I thought you had balls of steel magix
Quoting MarkChew
Jacky's Kitchen Chef previously from Peninsular hotel Hong Kong Price: $$ Ambience: 7 Food: 7 Service: 7 Overall satisfaction: 6.5 <<---- perhaps there were too many people and conversations in a small area {image} {image} {image} {image} {image} {image}

Brings back memories mark,i lived in hongkong from 93 to 98 ,did you notice the doors going into the roman baths ,i done the paint effects on those big roman doors although that was along time ago,

incidentally hongkong was my first experience of forex,i took a job in some offices in lockhart do, trading forex.i lost 10,000 pounds of a relatives investment .things were very different then basically price and simple monitor.ronald chow was my mentor and i did the opposite to everything he taught me as we do believing we know everything in our 20 ,s .it was not until i came back into forex 10 years ago that i used the knowledge he gave me 10 years earlier .

lots of good and some bad memories from my 5 years there.
Quoting diceman555
{quote} I thought you had balls of steel magix
Brass, Dice.

Less chance of rust.

That still don't mean I am ready to take rapid fire rabbit kicks to them.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • Post #79
  • Quote
  • Edited Jun 14, 2015 1:02am Jun 13, 2015 11:16am | Edited Jun 14, 2015 1:02am
Mark ah! Fellow Singaporean here!

From my experience, a reward to risk ratio of 3:2 will only mean that 2 out of 5 trades hit T/P.

In the long run, price will have an equal probability of moving up by 1 pip and moving down by 1 pip.

Hence 3:2 reward will only be fulfilled 2/5 of the time over many trades, then minus away the commissions, you are basically bleeding money away...

Unless if you are really lucky.

Of course, if anyone were to dispute me, fine, and convince me that your method will make it more than 2 out of 5 for 3:2 reward risk.
Quoting LearnAlways
{quote} Hi cuchuflito, Do u mind giving more examples of the stop hunting and where will u place your entries, stop loss & Take Profit. Thanks in advance. Sorry didn't mean to disrupt the thread progress, pls pardon me, as I'm sure there are others also interested to know. Best Regards, LearnAlways

in my own opinion, there are only 2 ways to counter it

1. small time frame like 5 min, trade every break of high/low following the tendency of up/down, small SL/quick break even and on the screen 100% of the time, must maintain a clear mind all the time.
2. use big SL, daily range for example, set and forget, big boys are also not stupid enough to break some large time frame swing points that will catch attention of many traders to move the market to the unintended direction. some reference points are the session (Asian, London, NY) highs and lows, personally I found the NY session high/low are usually tested/false broken during Asia/London session of the next day.
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