This happens all the time, just look at the ER2's faded bullflags yesterday. If people trade like this for a living? LOL are you kidding? Stop-gunning is one of the most profitable (and fun) things you'll ever do. In case you don't know, this is what futures markets are all about. If we reach a really critical level, where it's obvious where the stops are sitting (usually 1-2T above "setup failure level" LOL), and the tape agrees - you just go for it. Don't fade it, but gun the stops above / below! The quicker and larger you are, the better. Once you fire a few rounds, the others will panic to join you, and BANG, there go the stops. Why play this game? Because it's incredibly rewarding! You hit all the stops, which go at market and violently propel price your way! It's free money, taken off the noobs who put their stops where everyone else did. Once you're up a few ticks on the stop run and the tape stalls, you can exit for a profit, THEN reverse and load yourself on the supply to take the initial trade, which all the stop-busted people intended to take in the first place. Stop busting is extremely rewarding, because: 1) Stop levels mean super supply and "domino-effect" stop runs if touched. 2) Once stops are busted, you get lots of supply freebies (panickers) 3) When the run stalls, you suck up the freebies and wait for the correction - in your favor. 4) Once price actually goes in the original direction again, you have a "heavy" position because so many piggybackers were shaken out on stop level. 5) Enjoy the ride - with extra added R:R...
Entry short EUR at 1.2180. Conservative entry right on trendline - Low - probability trade but that doesn't matter since stop small and R:R very high... All details on-chart.
I'm out of this on the retrace at 150, I had enough of the tape. (& News) Maybe next time... Bailed +30
You got hold of the album already? Far out, that was quick! :eek: Yeah, you're right on the relaxation part. It's pretty good. There are many good traders out there. But there aren't many people that can sing perfect pitch...
Hello Baruch, I would like to know how you enter the market in the case, for example, your system trigger a long signal and you don't use a 10 pips filter. Do you buy the best ask immediately or do you place a buy at the level of a temporary support to try to get a better price or .....? Captain.
Out 3/4 @135, +40 I'm bailing a little earlier, because I think US indices are pretty OB. Waiting for good re-entry opp though.
Re-entered short @148, 2T below prior 15m bar high. Also ES hit ID pivot and is continuing up I think.