Sorry dont understand the question?
Obviously has massive risks on the other side if someone bites back...
Anyone had any experience doing this?
How do you know when to do it? and how risky can it be?
(I'm interested in opinions for any market)
What you're describing is a ''hope trade''. You're Hope trades rarely lead to profits. But like I said before, trading is about consistency. If you can consistently pull money that way, keep doing it!!
regards
Every trade is a hope trade, if it was guaranteed, what would be the fun?
Agree. whats more risky fading a 50 point spike at the end of a cycle that happened in 30 seconds or buying a higher high that took 2 hours to get there i take the fade everytime
Sounds like your learning well Cartman
If you want to get on the trend, buy the HL. Fading sudden, sharp movements, is usually a good bet, but takes big ballz, going against natural instincts.
Gee, you must sit there fingering your mouse for the whole session.
So is there a way to see where people have their stops?
MRC&CO said:Some big institutional prop divisions sometimes try take other traders lots and squeeze them out (since the instos have more risk tolerance). Unfortunately for them, it didn't work too well and they are shutting up shop.
No, MRC. No it isnt.LOL. Is that a joke?
If we gap up or down, out of the previous days range, you can bet your bottom dollar there is likely to be stops on the other side of that high/low from the previous day. That's probably the most obvious level I think.
LOL. Is that a joke?
Maybe if your the bucket shop.
If we gap up or down, out of the previous days range, you can bet your bottom dollar there is likely to be stops on the other side of that high/low from the previous day. That's probably the most obvious level I think.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?