They're cleaning your stops because you operate what everyone sees. If 90% loses, why would you do what they do?
They're cleaning your stops because you operate what everyone sees. If 90% loses, why would you do what they do?
Sometimes the market needs to break zones to continue. If you only operate the rebound, you will always get frustrated. Think of break-retest, not just bounce.
I use supports and resistances but combine them with volume levels of the market profile. So filter the false breaks.
Putting the stop loss right under the stand is like leaving the wallet at your door and waiting for no one to touch it.
I began to understand this when I saw that many institutionals operate on levels, not on levels. They enter when they are all already liquidated.
What if the problem is not the analysis but the execution? You come in very soon. Wait for confirmation of flow, not just pretty candles.
If the price goes to support and there's no strong reaction in seconds... I'm out of there.
I wish I could put into practice everything they say here. I have a hard time trusting that the price will come back after breaking the area.
This thing you say has a name: liquidity sweep. Study it. It will change the way you see the graphics.
I've noticed that when the more perfect the support or resistance looks, the more likely it is to be broken.