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  • #1,021
  • Dec 17, 2015 5:30pm Dec 17, 2015 5:30pm
Quoting michaelion
{quote} Did you get the indy you wanted? Yes, thanks mate pic for you FX {image} That is why for me is hard to understand your entries, bc my entry is always based on a close of a candle... SL is also below some candle high/low... as small as possible...
Seems a solid way to trade..why you would like to change something that work on something else ?
"What would you attempt to do, if you knew your success was a certainty?"
  • #1,022
  • Dec 17, 2015 5:42pm Dec 17, 2015 5:42pm
Quoting Fxentropy
{quote} Seems a solid way to trade..why you would like to change something that work on something else ?
FX I do not want to change it to sthing else, I want to understand your understanding the market, especially the entry/exit rules...
I want learn another skill.. As we all know - trader is learning all his life, SL hunting is very interesting concept, there was some thread on FF as I remember, but TRD and you doing it much, much better...
  • #1,023
  • Dec 17, 2015 11:50pm Dec 17, 2015 11:50pm
Quoting TheRealDeal
... But why there are so many stops? What is different this time? Sounds like the people feel very comfortable putting their stops there. Why? That is the million dollar question TRD {quote}
Because previously it was IT's demand/suply area and they defend their positions when price comes back to the level?
  • #1,024
  • Edited 12:49am Dec 18, 2015 12:28am | Edited 12:49am
Quoting TheRealDeal
Sure, stop area on HTF gives bigger reaction because it is different scale. Pretend you are allowed to trade only 1 TF. So you don't have the scalability of the market. You should make money just on that one TF. So why some stop hunts give bigger reaction than others on the same TF? Because there are more stops and more positions in opposite direction can be accumulated. But why there are so many stops? What is different this time? Sounds like the people feel very comfortable putting their stops there. Why? That is the million dollar question ...

Hi TRD;

There would be a lot more Stops building up, at an obvious Stop Level, as more and more Traders start to BELIEVE the Market is moving in their direction.

They create Interest at a certain Level to draw as many Traders as possible to enter Trades there.

They do this by Manipulating the Market and our Beliefs along with it.
  • #1,025
  • Dec 18, 2015 1:52am Dec 18, 2015 1:52am
Hi stevepatt,
Tell me more about these obvious levels. Why traders start to believe that these levels are secure? What is so special about them? What they look like in the chart?
Take a chart and draw them. Where would you put it? Where would you trail it?

TRD

Quoting stevepatt
{quote} Hi TRD; There would be a lot more Stops building up, at an obvious Stop Level, as more and more Traders start to BELIEVE the Market is moving in their direction. They create Interest at a certain Level to draw as many Traders as possible to enter Trades there. They do this by Manipulating the Market and our Beliefs along with it.
  • #1,026
  • Dec 18, 2015 1:55am Dec 18, 2015 1:55am
When price structure is broken then all stops are already hunted. And new stops in other direction will start to accumulate. It's too late already

Quoting Red Pirate
{quote} Hi TRD, I ''ll try answer.Well there areas where is located more stops and oposite positions becasue when price break that level whole price structure on this particular TF will change.Say from bearish to bullish. All the best.
  • #1,027
  • Dec 18, 2015 2:18am Dec 18, 2015 2:18am
Quoting TheRealDeal
Hi stevepatt, Tell me more about these obvious levels. Why traders start to believe that these levels are secure? What is so special about them? What they look like in the chart? Take a chart and draw them. Where would you put it? Where would you trail it? TRD {quote}
Hi TRD;

I'll try and answer your questions give me some time to get my head around it.

Thanks for helping with this, I think it's vital to have a far deeper understanding of what we are seeing on a chart and why it's happening.

Once we have that knowledge we have power, it's no good reacting, after a Stop Hunt, if we don't have a full understanding of the true context of that Stop Hunt within the Market.
  • #1,028
  • Dec 18, 2015 2:20am Dec 18, 2015 2:20am
Here is typical stop placement teachings

"On a bearish pin bar formation, place a stop loss 1 pip above the tail of the pin bar"
from http://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition

then stops got hunted

Attached Image
In the end its just a stupid numbers game
  • #1,029
  • Dec 18, 2015 3:03am Dec 18, 2015 3:03am
Quoting toppo qqq
{quote} Good!
Dear friend.. thats best MM indi I ever had..... !
  • #1,030
  • Dec 18, 2015 3:11am Dec 18, 2015 3:11am
Quoting michaelion
{quote} Dear friend.. thats best MM indi I ever had..... !
  • #1,031
  • Dec 18, 2015 3:16am Dec 18, 2015 3:16am
Quoting TheRealDeal
Hi stevepatt, Tell me more about these obvious levels. Why traders start to believe that these levels are secure? What is so special about them? What they look like in the chart? Take a chart and draw them. Where would you put it? Where would you trail it? TRD {quote}
TRD
I think that the stops are at the top/bottom which were not invalidated yet.. every top and avery bottom will be taken out in time... thats the purpose/target for institutional traders.. more space between top or bottom level the better/stronger reaction
If price is making HHs without taking the HL that will be target for institutional traders take out the stop and buy lower than that HL...
Erase me if I am wrong, to not confuse the other traders
  • #1,032
  • Dec 18, 2015 3:45am Dec 18, 2015 3:45am
overnight trades EU
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,033
  • Dec 18, 2015 3:58am Dec 18, 2015 3:58am
Quoting Fxentropy
overnight trades EU {image}
FX You are playing with that US close what SL for that ? is today not a good opportunity for longs in EU even with that harsh move down?
  • #1,034
  • Dec 18, 2015 4:14am Dec 18, 2015 4:14am
Quoting michaelion
{quote} FX You are playing with that US close what SL for that ? is today not a good opportunity for longs in EU even with that harsh move down?
hehe, true

it is...but im sleepy for moment..but i know TRD had plenty of trades long yet ...
"What would you attempt to do, if you knew your success was a certainty?"
  • #1,035
  • Dec 18, 2015 4:15am Dec 18, 2015 4:15am
Another great opportunity that happened today. Thanks TRD, your thoughts on stop hunting and 1 pip stops showed me one problem which I didn't know how to fix before with these Swing Failure setups. Now I'm going to back and forward test it for a few months and see how it goes with the changes. Thanks again, you are great.
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  • #1,036
  • Dec 18, 2015 5:02am Dec 18, 2015 5:02am
GU
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,037
  • Dec 18, 2015 5:09am Dec 18, 2015 5:09am
Quoting michaelion
{quote} FX You are playing with that US close what SL for that ? is today not a good opportunity for longs in EU even with that harsh move down?
Hi michaelion;

Imagine the Sell Stops sitting under last Weeks Low waiting to be triggered.

But what is the Market Makers longer term intent when they run these Stops? This is what I'm trying to get a deeper understanding of.
  • #1,038
  • Dec 18, 2015 5:32am Dec 18, 2015 5:32am
Quoting stevepatt
{quote} Hi michaelion; Imagine the Sell Stops sitting under last Weeks Low waiting to be triggered. But what is the Market Makers longer term intent when they run these Stops? This is what I'm trying to get a deeper understanding of.
Stevo,

as for my understanding, if market is making HHs and HLs the bankers/market makers are letting for that, they want to smaller traders get in with small SL and after then they decide to cut those SLs down with a spike or news and after that reload their positions and then continiou up, hence and repeat...
  • #1,039
  • Dec 18, 2015 5:33am Dec 18, 2015 5:33am
Quoting stevepatt
{quote} Hi michaelion; Imagine the Sell Stops sitting under last Weeks Low waiting to be triggered. But what is the Market Makers longer term intent when they run these Stops? This is what I'm trying to get a deeper understanding of.
Don't try to think so much and so deep. Take it as it is, a information. There are stops. Who cares why/what... ?

Those areas are liquidity pools, and if we try to find reasons we could write books and still we would not arrive to a general conclusion.

Besides, when we'll be able to trade too?
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,040
  • Dec 18, 2015 5:50am Dec 18, 2015 5:50am
Quoting TheRealDeal
Hi stevepatt, Tell me more about these obvious levels. Why traders start to believe that these levels are secure? What is so special about them? What they look like in the chart? Take a chart and draw them. Where would you put it? Where would you trail it? TRD {quote}
Hi TRD;

Traders think their Stops are secure when they believe the Market isn't going to come back to them, but it inevitably will.

These Stop levels are usually Major Swing points on higher TFs.

I hope the chart is along the right lines.
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