Quote from tomahawk:
So .. roughly 75-76 area. .... And what is their stop?
Yes.
I trade observable moves so offsetting from the exisitng boundary would work for anyone. That makes the stops fractal sensitive. By trading FFT to FTT with respect to those boundaries, you reverse well before the boundary and even more before the offest stop.
Since that is my routine and modus what is happening mostly is I am moveing away from the boundary and when price stops moving awaym then I am reversing and a point on that bar becomes where the new boundary begins that I move away from.
I think of boundaries and being on the correct side of the market means the boundary is always to the right of my hold position. It is difficult to switch from entry/exit orienation and the up/down that usually goes with that. I orient to hold reverse and right/left orientation. I trade the long diagonal of parallelograms. Entry Exit often trades the short diagonal giving up bar volatility.
The attached shows four trades including the reversal out of that smart money short. you will notice the first derviavtive of the boundary is where the signal originates. after the signal you see acceleration wax and wane in the diraction of the move smart money move. Inside the green lines is statisitcally insignificant.
Later (not on this attachment), you can see the end of day effect with the hershey hinge on bar 76 to 77. Using smart money lets you front run the move.
For me, keeping stops in place takes time away from the routine I do. Since I watch and take first and second derivatives of smart money, I feel their input to me is as good as stopping would be.
None of this is magic and on the other hand it is very science oriented. My effort is to keep the conversation substantive and mildly deflect the stuff that is out of line and personally derogatory.
