8. Master Class [2]

Question 1

Good traders cut their losses, great traders..

Answer 1

change direction

Question 2

To understand the developing patterns, what must you take into account?

Answer 2

Where you are coming from

Question 3

When MM tap previous pools of liquidity, where has that liquidity come from?

Answer 3

Trapping retail traders and pinging their stop losses

Question 4

When MM tap previous pools of liquidity, you see vector candles opposite each other. When the pool has been fully tapped what happens?

Answer 4

A short period of pullback and consolidation at the end of the zone, followed by another vector move away

Question 5

What is the game of trading about?

Answer 5

Trapping

Question 6

After a volatile session, what often happens during the conversation between Asia and UK/EU sessions?

Answer 6

A move back away from the Asian session and towards the moving averages

Question 7

What are we looking to see when looking at all the candlesticks?

Answer 7

Intention

Question 8

New York sessions usually bring what?

Answer 8

One or two reversals

Question 9

Price pushing out of a zone consists of 5 things, which are?

Answer 9

1. stop loss hunt
2. release the liquidity
3. push through any whole numbers
4. 3 vector candles do the push out of the zone
5. retrace

Question 10

When analysing build-up for the current developing price action, how far do you want to go back and analyse?

Answer 10

2 days, maybe 3

Question 11

What analysing previous action, what are you looking for?

Answer 11

The behaviour that happened during and between the preceeding sessions

(Did they build longs, shorts, release liquidity, etc.)

Question 12

What is the main tool for trapping retail traders?

Answer 12

Standard candlestick patterns

Question 13

About 2 hours in, a good explanation of candlesticks as understood by retail..

Answer 13

https://www.youtube.com/watch?v=udc6YJTWY94