"Price action and a calibrated tool will get you there. Good luck"
can u enlighten us mere mortals please... some of us are having a hard time... we need such a tool
As I said in my post, reading many of the posts in this forum is great because they make you think. Take a look at any chart 30M or larger time frame. Ask yourself this: where will price NOT go? Why not? Where do you think the stop orders are?
Ok folks.. this is what he is saying IMHO:
Look at a chart (30 min for good resolution or smaller) .. he asks where will price not go? Now, most people when they put on a trade they look at their fancy charts and they have to put a stop on. Knowing that a very large portion of the "traders" actually do get the direction RIGHT but are always being stopped out for 'some reason'. So these people placed stops where they thought price will not go, but it always does.. right to that sweet spot on the chart around certain areas or numbers only to make a swift u-turn only with even more directional momentum than before. There is indeed a 'calibrated tool' that allows you to see these target areas.. Regarding the clibrated tool.. it's nothing that you can see on your chart but it relates to certain areas on it.. it's more like a piece of floating information that is available to the public :> From my own observation, the stop hunting activity by dealers can work wonders in your favour, almost every advance/decline is accelerated by the dealers by first hunting the stops
then sending price to hell or to heaven.. and it goes more than it 'should'
We can either use information like this or get eaten by the Lions
2p Bob
Some people make money with indicators, some without, every brain works differently - this is evidenced in the fact that two traders applying the same method come up with different results. Don't listen to any hole grail thing - just get your money management right and flip a coin!
Ok folks.. this is what he is saying IMHO:
Look at a chart (30 min for good resolution or smaller) .. he asks where will price not go? Now, most people when they put on a trade they look at their fancy charts and they have to put a stop on. Knowing that a very large portion of the "traders" actually do get the direction RIGHT but are always being stopped out for 'some reason'. So these people placed stops where they thought price will not go, but it always does.. right to that sweet spot on the chart around certain areas or numbers only to make a swift u-turn only with even more directional momentum than before. There is indeed a 'calibrated tool' that allows you to see these target areas.. Regarding the clibrated tool.. it's nothing that you can see on your chart but it relates to certain areas on it.. it's more like a piece of floating information that is available to the public :> From my own observation, the stop hunting activity by dealers can work wonders in your favour, almost every advance/decline is accelerated by the dealers by first hunting the stops
then sending price to hell or to heaven.. and it goes more than it 'should'
We can either use information like this or get eaten by the Lions
2p
Bob
.
