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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.