The simple truth is that the market are a playground for the banks and institutions, and all retail traders are sheep for the slaughter.
The Market Makers (Smart Money) are only in this business for 2 reasons:
Do those moves sound familiar to you? Yup. Smart money’s plan is to take your money for themselves and never let you make a profit, because….
Smart money make it their business to know exactly how retail traders think. All retail traders use the same types of technical analysis, indicators, moving averages and chart patterns to trade price movement and smart money knows this.
Every day smart money easily traps traders entering in the wrong direction at poor trade entry locations and then moves against their positions, stopping them out repeatedly. Amateur traders often believe that it’s all about technical analysis, and whilst that is an important part of trading, the professional trader understands the bigger picture and is constantly looking for what the smart money is doing…