Jack said:Bingo, so people hunting for SMT right now have the process backwards.. 'cart before the horse' as they say.
the golden gun said:No, it's just as precise as the OB, the key levels of course being the Open and Close. I love it, the concept is basically "damage control" by the players big enough to move the market (lookin at you CBs). Their positions go Negative, but luckily they ARE the market so they take it back down to BE and collapse positions. It works best when one side of the market clearly got caught with their pants down and will need to scramble to get out. That's my take on it, worth the study.
rod178 said:precise, yes indeed. Some Traders use similar setups to trade post News big moves. Something to investigate further.
Got my RR 1:1 by standing in front of a Steamroller pre NFP, I'll have to stop doing that.