Stalking Trades
Waiting For The Right Moment
Last updated
Waiting For The Right Moment
Last updated
Once you've determined the market direction using the Order of Operations, the next step is to 'stalk' the market for a favorable trading opportunity. 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 box turn into a Potential Reversal Zone; ・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.
Learn more about the Ready DD.
It's important to always manage risk by using proper position sizing and a defined stop loss by using NinjaTrader's ATM strategies that automatically place stops and targets upon entry.
Learn more about the SMLK Timing Lines.
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