The issue with breakeven trading is that when enough people are joining the market at the same place, be it a demand area or an order block.
Many traders like to secure their positions immediately.
This, however, creates liquidity.
Whenever a large group of people move stop losses to the same area, expect that area to be a target for the banks.
In this example, we can see buy orders being activated at an order block, a sudden push to make buyers secure their position, followed by a stop hunt of risk-free trades before continuing to the upside.
Thanks for your educational work, its awesome and can give all us great profit
Syed75
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That's Great ♥️👍
VasilyTrader
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What is your rule for stop placement?
HayeTrading
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Absolutely right, nice post. I always find it interesting to read the stories of the older traders (e.g. Market Wizards books) and how they talk about the pits, and just how competitive they were. It's easy to forget, sat in front of a computer, that we're in direct competition with other traders, big players, market makers etc. that are all operating with their own thoughts, strategies and intentions.