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  • See also https://www.bitmexcoach.com/forum/trading-strategies/stop-hunts-and-how-to-deal-with-it For this strategy, I use four charts: -The REKT zone Chart -The TPO profile Chart -The 3 min chart with the developing marketprofile -The footprint chart Look when the current price is giving volume pressure towards the VAL or VAH of the profile in the 3 min chart and the volume is taking up in the Footprint chart Look for the x100 zone in the REKT chart Look for confluence at the TPO Value highs or low with the x100 level. Place a limit order at the confluence level. Targets are the VAH, POC and VAL example: If You get experienced enough with this technique, use multiple laddered entry’s for bigger moves between the x100 and the x50. WHEN to use: If the market is ranging with a TPO profile in Balance, the Bitmex trading machine will from time to time go for a 'stop hunt': When the stop orders of high leverage users are giving enough liquidity for a bigger market order to fill, this move will happen. Responsive buying or selling will bring the price back to where it traded before. Don't use this strategy when the market is trending RISK: A liquidation move can pick up initiating buying to shift Value, in this case the price will not return immediately towards your entry but will go on. Don’t use high leverage, this trade needs some ‘room.’ Straddle, or use a stop before the liquidation of your own position (min above x25) Start small to learn the Strategy Use our calculator for your risk management.
  • A must to read: Mark Douglas, Trading in the zone, My personal number 1 on this topic. https://www.bitmexcoach.com/forum/learning-resources/trading-in-the-zone
  • Most traders jump from one strategy to another, from one ‘system’ (is it?) to another system. This approach leads to losses and don’t work. This is because they are trading for the money. If You trade for the money You won’t succeed. The real temptation for me is to make good trades, to beat the market, to profit of the opportunities the market is giving me. Money follows. I use the Market profile charting type - and a few other indicators in combination of the footprint chart for years now and I use over and over the same strategy and chart setups. In this sense it is even BORING. Do You ask yourself the question: DO I want to be consistent, do I want to make good trades or I am only trading for the money and the thrill of it? Think about it. It makes the difference between a consistent trader and a unsuccessful trader who joins the legions of losers. Choose a system and stick to it, be consistent in your approach and You will be a consistent trader making money.