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Re: 2 - Study Hall Library

Posted: Sun Sep 12, 2021 1:57 pm
by Traderathome
Hold, Fold, Switch

When do we concern ourselves with HOLD, FOLD, SWITCH (HFS)?

The MMs almost constantly move price up and down (the market is all about liquidity). We become concerned with HFS if we have an open trade and PA goes to the opposite side of the Dragon for multiple closes, thereby causing the Dragon to lose good angle. Look for a good price to close (since PA is probably still going up and down), and if that opportunity does not happen soon just bite the bullet and FOLD.

Generally, when PA switches to the opposite side of the Dragon and stays there for multiple closes, the Dragon tends to go flat and PA tends to eventually go further. So, once we FOLD, we should monitor for a setup in the new direction. We might already be looking at it.

Sometimes, however, when our trade involves a Dragon with great angle, the MMs will still drive PA to the opposite side of the Dragon for liquidity creation, but then back again. Throughout, the Dragon angle will remain good. The quality of the setups we pick (Dragon angle & properly stacked Bias) will have something to do with how often we are confronted with making HFS decisions.

HFS simply stated: HOLD until PA goes to opposite side of Dragon. If PA stays for multiple closes and the Dragon angle is not good, FOLD. Then monitor for a setup in this reverse direction.

Sincerely....PVSRA, Discipline, Patience, Profits,
:) Tah