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Hi everyone, Is there a video showing the build up of money or weight of money to determine a safe entry? If there is ,please could you direct me to that section? I have watched Tomas' vidoes and one aspect I would like to develop is a safe entry.For e.g safe entry based on weight of money to get out with one tick profit. Often I enter teh market thinking there's a lot of money at the price I am entering, but it goes the other way and I have to exit for a loss. any advice would be welcome
Weight of money is a useful indicator of where the market could move next. In theory, if there is more money Backing than Laying, the price should go down. If there is more money Laying than Backing, the price should go up. This is the result of people tending to ‘follow the money’. However, the theory can be quite tricky in today’s markets because advanced traders are aware of it and try to manipulate the weight of money (see the next chapter called ‘Spoof’). Weight of Money on the Back side indicating the price going down So you have to read the market and rely on your experience to recognize when it’s full of people trying to cheat you with spoof and when the money supply or demand is genuine. < PREV | HOME | NEXT >