/biz/ - Business & Finance

[Anonymous No.12223977]

newfag to trading here. can someone tell me if im right or just retarded?

ive had a little time to think and basically summed it up to this; here's my thought process on how i should trade

- market makers control the market
- market makers can move the market in any direction they choose (e.g. to $15k or all the way to $1000)
- they will choose which way is most profitable for them
- since they can move the market any way they will choose to move it in the direction that has the most liquidity (to get their position locked in)
- then they will move to whatever price has the most liquidity but on the opposite side (to get their position closed with as little slippage as possible)

so this means, before every huge pump there will be a big move down to wherever most stop losses are. then they will pump it to whatever price has the most short stop losses. so essentially when trading you just want to look at what price is the most liquidity and then make according trades.

Is this correct? Or am i just a retard? does it mean volume profile, predicting where SL's are and support/resistance are the most useful indicators?

[Anonymous No.12224014]

yes

[Anonymous No.12224045]

Where can one see this indicators?

[Anonymous No.12224059]

yes

[Anonymous No.12224080]

>>12223977
anon, welcome to the billionaire club, let me know how it is like there, don't forget us

[Anonymous No.12224103]

Yes, you are way ahead of most new tradetards.It will move to previous high volume areas and previous demand/supply zones. Particularly in forex, if it sold off/bought up hard it will often go back there and do it again. They didn't get all they need the first time, so....

Look at high volume candles, put horizontal lines on closes/multiple bounce areas, watch carefully. Also try and work out how much volume is in each swing. good luck I'm out.

[Anonymous No.12224112]

>>12223977
goy...

[Anonymous No.12224154]

>>12223977
DELET THIS