Pump and Dump and Dump and Pump
This is the foundation of most of my Best Trading Setups Playbook. The trading setups I focus on are all about capturing the explosive opportunity when it arrives.
My daily process is designed to identify which markets are potentially setting up in one of these two scenarios throughout the week.
The markets are always continuously evolving and as such, by following a small basket of instruments, there are opportunities for BTS almost every day in at least one or two pairs. Knowing what the economic calendar has scheduled, and then identifying what opportunity presents itself in the session I'm trading. For me, that's the New York session most of the time.
These pump and dumps and dump and pumps can also occur within the day itself, for other Best Trade Setup opportunities.
Not all setups will be tradeable for various reasons. High impact news can make it too risky or volatile to trade. Sometimes, although the market may set up like an ideal candidate, it may simply not develop the way I think, and I don't trade it.