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- Touch Trader replied Mar 10, 2023
Thank you very much Blue 😊
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
GBPJPY Daily chart Major area
Exploiting trapped traders on S&R flipsPrice had reversed to the pip
- Touch Trader replied Mar 8, 2023
I want to see last high of bar just before the imbalance move, this will show there are last trapped sellers. You can spot the levels on the higher TFs and then drill down to look for the trapped traders, that's perfectly fine
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
Silver example, price is reacting on that level. Note again that we have the flip but once price breaks that area with great imbalance, we don't have any trapped sellers (meaning, we don't have a high on that level once the break occurs).
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
GBPCAD example shows that this level held but not that great, we had a 20 pips DD on that one. Again, we want to see and spot the flip and the trapped traders. The GBPCHF daily chart above is a much more better trade. You don't need to trade so ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
I use TD365 but I use MT5 just for charting purposes
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
Yes, price needs to get back to that area only the first time. Let's say we want to go Long, we look for the flip and on that flip we want to see the last high gets broken with great imbalance (very important), we then wait for price to come back to ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
This is how I will plot your 20.59 level, more lower (Blue zone). Now you see that's a better place and better visual that price reacted there
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
Take for example the one @ 20.59, there is no flip (on that TF) of highs and lows. All the rest look messy but you can see that price had reacted once he had hit it. I hope that on the webinar it will be clearer how to draw those areas and trade ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 8, 2023
That's a great area to look for trades but not to go blindly in. First, there are no trapped traders on the level (not at the daily TF) and second, price already test that area. We want to look for a fresh test of price to an area. Hope that helps.
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
Can you please mark it on the chart so I would see what you are referring at ?
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
Silver Daily chart Price is hitting a major flip area, nice area to look for trades or go Long blindly
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
US market (Dow Jones) is heading down - Weekly chart Price is unable to break above those 3 weeks low.
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
You can see the current low being made and price is indeed reacting. Trapped sellers on the imbalance move needs to buy back when price is hitting that level again.
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
GBPCAD 6H chart Price should stall because of the imbalance on a flip area with trapped sellers. Since this level isn't so defined and isn't a strong one, I don't think it will stall for much more time. We will see
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
wicks are included since price was there. I know that people try to neglect it and watch only the bodies, this is wring in my eyes. Any way, I gave an example on a weekly chart, of course this is just to spot the areas and doesn't explain entries ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
Here is a good example from GBPCAD Weekly chart. See that flip of high and lows? this week high is spot on that level, the week after is a fake breakout of that level. So, once price is closing down below that level, you can put a limit short order. ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
Hi Niedermaier, Basically, if you are new I would suggest not going down to the lower TF, you can start with Daily as the lowest. I first try to match as many highs and lows on the chart where price is at, then I try to find another low or high to ...
Exploiting trapped traders on S&R flips
- Touch Trader replied Mar 7, 2023
I was thinking on doing an analysis webinar and answer questions on various topics. Any one is interesting ? if so, drop me a PM
Exploiting trapped traders on S&R flips