Stop Run Reversal Forex Strategy – Forex Day Trading Strategy
Have you ever felt like your entering the market at exactly the perfectly wrong time? You spot a perfect trade setting up and get in, instantly you see the price stop on a dime, hit your stop loss, and then continue in the direction of your original trade strategy. If that sounds familiar than you have been the victim of what I effectionatly call a short term stop run reversal. Institutions, market makers, and banks do not intentionally move the price in this way to hurt the average forex traders, quite simply they do it to profit, and I will exaplin how as we go. Retail forex traders do not have the ability to start or continue the moves in the forex market, we simply ride them . Keeping this in mind, if we can begin to recognize frequently chart patterns such as stop run reversals , then we, the retail forex trader can effectively learn to enter exactly when big money starts to move the market. Let examine this forex chart pattern more in depth and explain the process, the flow of orders, and supply/demand surrounding these stop run reversal trade setups.
Stop hunting is something well known in this market, but the reasons behind “stop hunting” is not common knowledge. Then what reason is at the core of these moves just beyond a major area of support/resistance and then a complete rejection ? Quite simply put, large banks and financial institutions have to trade and disperse very large amounts of cash and [SPIN]want the best price possible . If they are looking to to get short the GBP/USD for example, they will run the market up past the last major intra-day swing high by a few pips or more and in doing so trigger the stop losses they know are sitting just beyond the last swing high. This gives them the quanaty of orders to meet their “demand”. By selling in the area of all the buy orders (stop losses) enables them to move huge amounts of money and not cause the market to plummet down as fast as it would without all this “supply”, thus giving them a better overall entry .
Another principal supporting the stop run reversal trade strategy is that of the breakout trader. Many retail traders buy the break of a previous high, and sell the break of previous lows. With this knowledge, not only does “smart money” sell into the orders from those stopped out in the example above, but they also have all the forex retail traders buying the breakout (supply) which only gives them additional supply to sell into, to fill the demand. On top of all the previously mentioned as the larger bank or institution puches the price down after a stop run reversal setup they know that all those that bought the stop run reversal fakeout higher will need to start closing their positions. Its actually a beautiful trade setup for those moving huge amounts of cash, they move the price up into an cluster of huge supply (stop location, as well as people buying a breakout) and by doing so meet their demand. After the fake breakout higher is seen, the forex traders that got suckered into buying have no choice but to cover their trade (sell) and therefore fuel the institution’s position short. Additionally by the time this is recognized by the average forex trader the demand is so high the market has no option but to rapidly plunge down! This example was of a short setup on a stop run reversal strategy but it works the same for a long setep.
To review the lets break this forex trading strategy down into 3 main points. First identify the last major short term swing point in the market. Second wait for that level to break by atleast a few pips, and then quickly retrace back . Third the price must form a reversal candle formation with the candle that broke the support/resistance. This strategy is very close in many ways to day trading an area of support or resistance, but much more powerful ! Additionally here is the link to watch our no cost forex training video on the stop run reversal setup setup. Only “smart money” can move the market up and then just as fast reject it which should tell you something , this is a “smart money” market move! Knowing this , getting on the move their producing results in some great forex trade setups. Let the forex market show it’s hand first, quit trying to be the first in, and just ride the wave ! If you would like to watch us trade this great forex trading strategy live, in addition to our other forex setups, then I welcome you to try our 10 day trial to the live forex education room.
Related Blogs
- Related Blogs on forex strategy
- Investment Stock Broker – Choosing The Solid Forex Trading Strategy
- Forex: Trading Strategies «Online Forex Blog
- Investment Stock Broker – Forex Trading: A Way To Be Successful
- G-y-e Review Blog » Blog Archive » Strategies to Online Forex Trading
- It Is High Time To Start Trading With Forex: Strategy Of The …
Forex Foreign Exchange