Stop Hunting with the Big Players
Download: Stop Hunting with the Big Players(pdf)
Boris Schlossberg shows how to exploit the "stop hunters" in the Forex markets using a simple, mechanical method that only requires a price chart and one indicator.
The fact that the Forex market is so stop driven offers the possibility for several opportunistic setups for short-term traders.
The idea behind this setup is straightforward. Once price approaches the round-number level, speculators try to target the stops clustered in that region.