I have mentioned several times in my post that when a pair didn't reach its minimum range based on the 20-day average daily range, the market will compensate that "pips shortages" in the following day, in two or three days or the following week.
These small ranges are more common in a flat market, where it is in an accumulation phase. "Ranging market begets...
Call me a conspiracy theorist all you want but the fact is price look for liquidity. Liquidity exists in price zones that have a lot of participation. Obvious levels and obvious patterns are liquidity pool haven.
No, I do not have a "solution" or steps to avoid this phenomenon. I have my own personal ways to navigate it. Is it the best? It is the best for me...
This is by no means to be anti-breakout/anti-retracement. I find these entry methods as a valid entry method. As valid as it is, the triggers for such entry method are mostly obvious hence easily to be taken advantage of by the institutional traders.
For breakout traders, how these banks would trap is the normal fake breakouts. We all know this as it is a...
Every stops being taken out is to service one of the purpose =
A) to push the price further in the institution trader's intention of price manipulation towards their ultimate intention i.e their ultimate intention is to buy at a low price say 1.0000, so they take out some stops at 1.0500 to provide liquidity for the short term move towards the cheaper price at...
This write up is an extension to this post :
The concept is when the price on Tuesday or Wednesday broken and close above the Monday high, generally that potentially could be the "anchor" /high of the week hence the intraday trend of that week will rooted from this. Vice versa. Of course, this doesn't happen 100% of the time but it happens repetitively. Usually,...
This is not a trading strategy nor claiming this concept happens 100% of the time, but this is a repetitive pattern and I personally believe it could help you to navigate the market (particularly if you are an intraday trader) more efficiently.
I generally would see this in 1-Hour timeframe but for the sake of being able to show you with more examples in one...
Based on the market behaviour that:-
"prices tend to return"
"Same Seiden's Supply and Demand concept",
"Banks always split their orders hence price tend to go back so banks can put their orders again"
hence the concept "Boomerang Effect".
Some traders mark big candles as a "leading indicator" that price tends to return to that price, think of a magnetic...
Some of the typical occurances in the day week in week out. Here's what needs to be taken note :
1. Price hit the range has high probability for the price to reverse or move sideways (especially after London closes)
2. If price hit the range, sometimes it is followed by a "final" push (breaking the range) before a reversal happens. Some like to call it Market...
