The Traders Trick Entry™
The
purpose of the Trader's Trick entry (TTE) is to get
us into a trade prior to entry by other traders.
Let's be realistic. Trading is a business in which the more knowledgeable have the advantage over the less knowledgeable. It's a shame that most traders end up spending countless hours and dollars searching for and acquiring the wrong kind of knowledge. Unfortunately, there is a ton of misinformation out there and it is heavily promoted. What we are trying to avoid here is the damage that can be done by a false breakout.
Typically, there will be many orders bunched just beyond the point of a Ross Hook. This is also true of the number two point of a 1-2-3 formation. The insiders are very much aware of the bunching of orders at those points, and if they can make it happen, they will move prices to where they see the orders bunched together, and then a little past that point in order to liquidate as much of their own position as possible. This action by the insiders is called “stop running.”
Unless the pressure from the outsiders (us) is sufficient to carry the market to a new level, the breakout will prove to be false.
The Trader's Trick is designed to beat the insiders at their own game, or at the very least to create a level playing field on which we can trade.
If you want to learn more about the Trader's Trick Entry™, then sign up for the FREE 80 page E-book.
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