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Step up and steo down. Step up - offer lifted, bid comiing in. 2552.50 offer filled and lifted to
2552.75. After bid come in to the 2552.50 and hold this price. This is a step up.
Step down - bid taken out 2552.75 and bid becomes 2552.50. After offer coming in
and holds 2552.75. This is step down.
BIAS current feelings and emotions about the IDEA preseneted in the market
Short biased - lower prices exciting, higher prices fearfull.
Long the opossite.
I am watching SHIFTS in BIAS
2554 bid filled step down - reaction more selling
2553 bid filled step down - reaction selling
2552 bid filled but there is no step down. Price holds.
This indicates sellers found a huge buyer ot exhausted.
Reaction 2552.50 offer filled step up.
Bias shifted. I am long in. I do not know what will happen next.
If price will go higher (trapped shorts start to cover, long start to enter)
i will stay in a trade. If bias continues to stay short and price will go against me , i am cover
I am watching how market reacts to lower prices now. Price going lower and i see weak
slow price action and no one willing to fill a bids. Than price start to rise
and i see acceleration of tape+large offers are taken out
This tells me. Sellers instead of bid selling with market, starts to sell at the offer
and buyers be come agressive. This confirms sellers afraid lower prices
and buyers excited with higher. Price where this happened is a key price because
BOTH SIDES PERCEPTION OF THIS PRICE EQUALL
Not because of artificial magic number. Market choose to think so about
this price. Sellers were convincrd there a short and buyers too, till price become
52.50-52.75 and than everything changed. Convictions changed and those
convictions lead to actions (short cover, long open). And after impulsive actions as result of
convictions, traders start to justify. I am idiot i have covered my short. It is not the plan. Blablabla.
All that matters is how big guys managing their trades based on convictions
er
Open your mind. If you want to trade a breakouts. And breakouts is the begginers trades, you should start doing breakouts
and master them.
Than you do a breakout trade you need a good BIAS in to your favour.
Does higher prices exciting and causing flash accelerations with offer lift?
If yes, than your trade right in the moment which everyone will be convinced buyer stronger than seller
No need to be a genious. Ask your self what convicts you most,s that buyer strong?
1) "Strong reisstance" taken out by buyers
2) Important price taken out or control by buyers
3) huge offer filled in a matter of seconds
4) wheak bid holding not letting price to go down
If traders see such events they start to be come convinced buyer
stronger than seller
Based on this convictions they start to buy. And later blame they act not according the plan. Blablabla.
The same justifuying shit. Instead of admiring the fact they are animals triggered by events.
And understanding of how actual i am triggered. And realising how pros make them do what pros want.
So. If you are doing long only because you suppose there will be long, and if you a big guy, this is one story.
But if you retail trader, this is another.
If you a big guy YOU NEED someone do job for you. So you need to create
Idea in minds of traders. Hold bid at "Important price" take out "strong resistance" and than hold it
As you will see market starts to believe you need to ptove it by taking out large offers which public may actual see.
Never you thougt WHY THEY SHOW YOU THOSE OFFERS? They can hide em. This is to convince you, than this offer taken out, that buyer stronger
So. Breakout not so simple. As all order flow discipline.
Someone spend 3-5 years to discover and no forums, no videos and expnations. No community - only darkness of uncertanty. Desperation you need to go through. Work hard and have a passion. Cry babies is a meat.
If you want to become successfull trader you need a few things to learn 1) Learn to lose. You afraid to lose. You need to overcome this fear or to deal with a problem this fear indicates. Everyone has unic problem which causes fear. You can learn to tolerate this fear to be a loser. To do this you need to become a loser. Do this. DO not have goals to make profit. Instead say to yourself I WILL LOSE and i WANT TO LOSE. And start to trade in order to lose and have loss. Someone will complete this task - but thats not easy to do. SOmeone will FAIL to be a loser and will win. THis will open your eyes. While you will making this exercise of becoming a loser, you will feel interesting effects. Stay a loser whole session and let yourself be free to react in the way YOUR BEAST TELLS you. No logic no thoughts only reaction of your BEAST. I bet no one of you will do this, because you doing what you think you need to do, instead of doing what you have been told ))))
Do this as soon as you can and share experience with #BEASTDAY
This will be international day of the beast)))
