Learn trading without charts.
I know the thread title is about cluster of stops on chart. And yes charts can be helpful to locate the support/resistance and possible stop locations,etc. But in the end it is all about order, and what will generate order flow.
This thread has far too many charts posted in my opinion. Sometimes they can get in the way of taking your trading to the next level, as you can be grappling with learning the new order flow mentality, but that old technical analysis/chart mentality can be dead weight on your shoulders. And as such many people keep going back to the charts to find the secret patterns, the secret stop hunts, the secret indicators, the secret support and resistance, the special VSA, etc that they believe can help them become an order flow trader. I know, I went through a similar phase.
Let me propose an exercise that may or may not help you. Get rid of all your charts, get rid of all your computers. You are not allowed to look at a chart. You can have some books with you as long as they do not have charts, you can save forum posts and stuff and print them out to have them handy.
Sit down and think deeply about the market, about the structure, about the liquidity, about the emotions of the market participants, the expectations of the market. Think about what would cause price to move, what would cause price to move 40 pips, to move 100 pips, to move 400 pips, to move 1,000 pips.
Then play out scenarios in your head about different market setups and market participants. Write down a list of 10 things which you know will generate order flow and price movement. Write out 10 scenarios where the different market participants are battling it out and who will win. Write down 10 ideal order flow setups entries and exits. Think about liquidity vacuum, stops, etc and how they can play together.
Don’t stop or go back to charts until you are done. If at the end, your list is filled with things like moving averages, price hitting a chart s/r level, or stochastic divergence, or anything related to a chart pattern, or charts in general, then I would be very skeptical. Chances are you need to redouble your efforts and think more and search more about what will really generate order flow.
Whether you choose to do the exercise or not, I hope it helps.
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