Euro / U.S. DollarEducation
A different side of the story
Whenever the price is at a structure/zone/psychological level, market makers always find a way to build momentum before moving the market. I know a lot of people who post videos on youtube explaining some terms and market approach never touch the part of being trapped by the market makers and also failing to detect a pullback or reversal. This knowledge is needed and can only be obtained by those who really want to know how the BANKS trade against us. So lemme cut it short, as soon as the price is at a level, market makers give false signals/ bait to a lot of new traders or even old traders and they all take it at the same period of time. Its not that they know exactly where your stops are, or how much is on your account. They just move against you and you with a small account will be trapped in the hunt for the big accounts stops. So my advice to you is to always wait for this hunts to happen and sell or buy after that, Dont be a break and retest trader. Its very dangerous.
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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.