What Every New & Or Aspiring Forex Trader... Still Wants To Know

[upliftingmania]

[CENTER][video=youtube_share;XHfuMNkoUaQ[/CENTER]



SMT Divergence


GLGT

ICT I can't thank you enough for all the amazing info. The birds chirping in the background was also soothing :P.

However, I couldn't understand where the SMT divergence occurred in the video....?

[piptronix]

Every time I think I'm getting it. Why is this the judas and not this?

Attachment 23340

I guess if you are expecting it to go down, then you know that the one going up is the judas.
But then again, most of us don't know where its going, so we take the first move out of the Asian range to be the judas.
So basically Mike, I'm also looking for an answer

[akeakamai]

I'm currently working on making my trading boring...

I guess that means it can't be too exciting, and it can't be too scary. It sounds kinda abstract at first... but if you just keep focusing on that goal, it can guide you to what's really important... doing the same thing over and over and over and over over and over. You get the point

i hope

[mozdef]

I'm currently working on making my trading boring...

I guess that means it can't be too exciting, and it can't be too scary. It sounds kinda abstract at first... but if you just keep focusing on that goal, it can guide you to what's really important... doing the same thing over and over and over and over over and over. You get the point

i hope

hey I haven't seen your weekly update in awhile. would like to see your progress.

[Tansen]

Every time I think I'm getting it. Why is this the judas and not this?

Attachment 23340

That actually fooled me as well I had an order previously at the 3280 but I saw that swing down I and a minor stall and I lowered it just enough that it tripped my stop loss

[LS1]

Every time I think I'm getting it. Why is this the judas and not this?

Attachment 23340

My view, is that in a normal trending environment (lets say up, like we have been), you will see the judas down followed by the real move up. The problem is that we're very "toppy" on the daily chart. We are in heavy resistance areas. They want to turn it around and nail as many people as possible. Price dips, gives people rope to hang themselves with, runs up, triggers breakout buy orders, short stop losses, then boom.. other direction. Come to think of it, daily tops (assuming this is, in fact a top) are very seek and destroy-ish.

[akeakamai]

Every time I think I'm getting it. Why is this the judas and not this?

Attachment 23340

Judas swing is a stop-hunting expedition... were there significant stops getting tripped on the downside?

[akaAni]

Judas swing is a stop-hunting expedition... were there significant stops getting tripped on the downside?

I think akeakamai is onto something with "significant stops" getting tripped. The 1.3280 level was a well established high resistance area, where you expect many people to look for shorts. I'm still a noob learning, so I could very well be wrong.

[TalonD]

Judas swing is a stop-hunting expedition... were there significant stops getting tripped on the downside?

I was seeing stops here, wrong obviously.

[vladul11]

You lost me Michael...What is this video doing here and not in the "Millionaire Traders Guild" thread? It's getting confusing. I understood that this thread was "closed" to start a new journey, right? Will all these videos be posted here?

Institutional 3280 level
Judas Swing into London Open
SMT Divergence


GLGT