Nah you probably still haven't got it. What was S/R an hour ago may no longer hold, or it may. Actions have consequences. That's the problem with static thinking and a chart example of 'this is how I trade'. The chart I posted a few days ago and the process was completely different to what I did yesterday. If you want an answer to that bit I underlined you will be in for a long and frustrating
No you misunderstand how large traders accumulate size (and the cunning ones). If you are a 500 lot trader you don't just hit the buy button and smash out for 500 lots into the market then do the opposite to get out. If you move size you have to go for large moves simply because it takes time to get in and get out. Now given that - you have to do a few things. Use that size to maximum advantage, protect yourself from being wrong because you haven't got stops (think about that for a while its important)and take entries and exits when people are spewing orders because that is where the volume is. See the chart that I used the other day for what is happening.
1. You have large volume as its gapped down and kept on going down as people sell into an 'oversold' market that actually has some nice divergence. If you are Mr Big on every push down you hit up get nice fills creating those nice up trust bars.
2. Now this needs some thought. Who would be stupid enough to be supplying large volume into up trust bars to new highs? Its clear someone is covering shorts and new traders are entering break out plays by buying but who would be stupid enough to sell into that?? People with large amount of holdings. Its the perfect time to lighten the load from what you accumulated at 1. What happens next? Panic dies down, demand drops, prices fall back into the old range as the break out dudes take heat and spew orders. Mr big is smiling as he has already booked a good profit on 1/3 of his holdings and his thinking "ok where can I top up?"
3. The nice safe up trend breaks as demand keeps on falling and all the new longs take more heat. Mr Big who has been sitting back and is still bullish as all stink, has a good size from much lower and some room to take on more. As the trend breaks its clear because the volume picks up that people are selling but who would be stupid enough to buy? Someone has to be on the other side. Its Mr big protecting his position. Oldest trick in the book. Read Reminiscence of a Stock Operator. It moves back into the old range,
4.Supply dramatically dries up. Up she goes to new highs.
5.More high volume trades. Lots of break out trades and panic shorts but who would be stupid enough to sell into that? I mean its new highs dude!- let it run! You know who it is, Mr big getting out and supplying all the volume.