Have you completed the PTJ download? It keeps disconnecting. Tried 3 times already but only got half.
I don't know how he trades on the phone without any charts.
LT, yes I have downloaded the video.. but surprisingly, on WinMedia player it is not showing the video but just the audio.
PTJ is hedgefund manager. I think all big players have their brokers to execute their orders. They don't watch charts like we retail traders and place their own order.
They decide the quantity and price range.. and instruct their broker/market maker to do the rest.. And then broker/ MM has people who are expert in taking our hidden stop orders and filling the order in small lots. If broker can get better fill then the specified range, then they share the reward / else they pay the penalty or the orders remains with them and whenever price comes back to that range, these orders are executed.
That's why we see such a nice predictable price action near S&R levels. and regular hit of novice trader's stoploss order which market maker are expert in seeing them, even if we try our best to hide them.
Happy Trading