ElectricSavant thanks for your answer.
Yes I think you re right. I m just actually in the phase were I m trying to combine what I ve learned all these years into trading. But I keep keep studying as well.
By the way what is the "DOM" in the Metatrader5? I ll google it anyway
Now about the sharks. What I mean by shark is Institutional Traders (they are usually the best educated & best professionals, they trade with somebodyââ¬â¢s else money, are very highly paid, get fat bonuses, no emotions involved when trading),Fund Managers, Professional & Full time Traders, Bank traders.
About shark traps what I personally mean is for eg. when you are shorting on eurusd and you see the price reversing and you say ok its gonna come down in the first resistance but it goes higher and higher and breaks any logic resistance and price where you would place a Stop Loss. Then it just continues its way down where it was. So all this up move breaking all resistances I call it as a shark trap.
That s what I ve noticed at least on the TimeFrame I trade (15M up to 1H). Not always but very often. I believe it has to do with crowd psychology.
Of course I name myself us an inexperienced trader to judge these things. I m just still researching and thats why I opened this thread and the discussion here. Please note I may be totally wrong.
Yes I think you re right. I m just actually in the phase were I m trying to combine what I ve learned all these years into trading. But I keep keep studying as well.
By the way what is the "DOM" in the Metatrader5? I ll google it anyway
Now about the sharks. What I mean by shark is Institutional Traders (they are usually the best educated & best professionals, they trade with somebodyââ¬â¢s else money, are very highly paid, get fat bonuses, no emotions involved when trading),Fund Managers, Professional & Full time Traders, Bank traders.
About shark traps what I personally mean is for eg. when you are shorting on eurusd and you see the price reversing and you say ok its gonna come down in the first resistance but it goes higher and higher and breaks any logic resistance and price where you would place a Stop Loss. Then it just continues its way down where it was. So all this up move breaking all resistances I call it as a shark trap.
That s what I ve noticed at least on the TimeFrame I trade (15M up to 1H). Not always but very often. I believe it has to do with crowd psychology.
Of course I name myself us an inexperienced trader to judge these things. I m just still researching and thats why I opened this thread and the discussion here. Please note I may be totally wrong.
