i want to take a moment since im not trading anymore today
and point a thing or two for some new guys that might be reading this
look at this:
there are TONS of guys that will enter around #1 or #2
get stopped out at the "SL" and say it was a stop hunt
the classic scenario where the dude goes: "they stopped me and went right where i predicted!"
and im here to tell you
it WASNT
there is nothing wrong with those entries
but since 1 or 2 happened there were at least 2000 - 2500 contracts traded before we got the "SL"
if you got long around those two numbers you should be aware of that FKN BRICK WALL at the black line
and you should be (and almost any pro trader would be) out much sooner than that red "SL" line got touched
i would go as far as saying that positioning of that "pin" below the previous one was accidental
i know for a fact that we got below the VWAP (volume weighted average price) and algos consider that a "fair price"
increased volume of the low is not from the stops
its from the algos coming in and a flip that i described earlier
to be exact there were 5 contracts traded into the low (sold @ market)
more importantly there was NO STRUGGLE to go there (no buying to stop the move)
the real stop hunt was over the black line
where stop orders were used to push the market higher
BUT (you cant see that now)
the traders started taking the profit/ loss before we even got to the breakout
there was a fight at the breakout line (almost 400 contracts traded)
and after that 4 levels with no selling ---- just buying @ market
i cant stress this enough guys
market is NOW
your setup from 30 minutes ago doesnt matter (for the most part)
of coruse we want to trade longer moves
and you can do that
there is an overall sentiment almost at all times
you might get that from knowing the positioning of the players across many levels
or just use the higher frame ZL to get a higher frame move and scalp your way into that ---- which is being taught here for YEARS
i would love to say much more but you know how it goes
one thought is connected to the other and i could never stop
and the beer is only getting warmer
sorry for any mistakes
wrote that from the phone