Stalking Trades
Waiting for the right moment
"The goal is to stalk the trade, rather than react to it." -Vinny E. Mini
"Stalking" a trade refers to the time after top-down analysis (Order Of Operations) is completed and a market direction decided upon, but before a valid trade setup has appeared. Some examples of "stalking" a trade setup may be:
・Waiting for a Double Delta as a signal to be ready for the next opportunity; ・Watching a P-PRZ harmonic boxes to prepare for a Potential Reversal Zone to be confirmed; ・Waiting for a Shark back Harmonic setup; ・Waiting for the next set of SMLK timing lines; ・Waiting for price to approach HTF lines: Masher deviation lines, Delta or FlowMaster™ Cross levels.
It's important to always manage risk by using proper position sizing and always having a defined stop loss by using NinjaTrader's ATM strategies that automatically place stops and targets upon entry, based on your own needs and trading style.
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