How Stop Hunts work
Updated
Quick thoughts on recent price action.
Shows possible thought process of whales / market makers.
So for my Stop Loss settings, I ask myself:
-Where are everybody else's stops? (too much of a target)
-If I put my stop above/below, what happens to my Risk v Reward formula?
-If I can not my stop above/below, am I just asking to LOSE that stop?
Shows possible thought process of whales / market makers.
So for my Stop Loss settings, I ask myself:
-Where are everybody else's stops? (too much of a target)
-If I put my stop above/below, what happens to my Risk v Reward formula?
-If I can not my stop above/below, am I just asking to LOSE that stop?
Note
Looks like ''they'' are still targeting the 10k stops.More signs of wiping out longs, testing each support, etc.
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