When do we concern ourselves with HOLD, FOLD, SWITCH (HFS)?
The MMs 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, which can cause the Dragon to reverse 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 curve in the wrong direction and PA tends to eventually go further in the wrong direction. It often helps to drop to next lower chart TF and reassess the situation. A setup in the opposite direction might be forming! If we FOLD, we should also continue to monitor to see if we should SWITCH.
Sometimes, when our trade involves a Dragon with really good 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 decent. 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 on the opposite side of the Dragon for multiple closes and the Dragon angle is reversing, FOLD. Then monitor for a setup in this reverse direction.
Trade Mgmt. After Setup Entry
If PA runs your way to a TVT20 MOL, FIFO TP, then there is no problem. What if it doesn't? If it doesn't, then your choices are to HOLD, FOLD, or to SWITCH (Fold and open EP for a reverse direction trade)....
HOLD - If in this reversed direction PA you see a previous setup BO ranging area, then that PA level might be the MMs' target for the reversed direction PA; to "go back" to COMPLETE the SM orders for the same trade you just entered! If this previous order filling area/setup BO ranging area is within your risk tolerance, then HOLDING and maybe even adding if PA makes that area, might be a profitable decision.
FOLD - If you do not see such a trade redeeming aspect for the reversing PA, then FOLD at the best price you can.
SWITCH - Having no trade now, if your view of this reversed PA later shows good reason to gamble on it's continuation, then switch at the best entry price you can. The chart below shows an example of this.
Sincerely....PVSRA, Discipline, Patience, Profits,
![Smile :)](./images/smilies/icon/smile.gif)