Trap the Market | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trap Breaker 77 replies

Flexi Grid Trap EA 24 replies

How is a Bull trap formed? 3 replies

Price Trap Eur/Usd 1 MIN 808 replies

Helper EAs for Semi-auto trading and Manual trap setting 0 replies

Attachments: Trap the Market
Exit Attachments

Trap the Market

  • #741
  • Dec 12, 2019 9:53am Dec 12, 2019 9:53am
thanks mate, it just hit my profit target
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 12_12_2019 , 17_51_38.png Size: 55 KB
I trade like the banks
  • #742
  • Dec 12, 2019 10:06am Dec 12, 2019 10:06am
I am happy for you. I saw that you took the trade at a good location, a reaction zone, and your target was almost 2R.

Trade safe.

KP

Quoting bentbysmart
thanks mate, it just hit my profit target {image}
Do your homework, follow the footprints of smart money
  • #743
  • Dec 12, 2019 10:24am Dec 12, 2019 10:24am
thanks mate. waiting with patience most of times pay well. you see gold is trading within two triangles, so caution and urgency is paramount important. it has breakout from one while still within one triangle
I trade like the banks
  • #744
  • Dec 12, 2019 10:29am Dec 12, 2019 10:29am
Good point!

KP

Quoting bentbysmart
thanks mate. waiting with patience most of times pay well. you see gold is trading within two triangles, so caution and urgency is paramount important. it has breakout from one while still within one triangle
Do your homework, follow the footprints of smart money
  • #745
  • Dec 12, 2019 10:37am Dec 12, 2019 10:37am
When I swing trade GOLD/USD, I like going in the direction of a positive swap as I tend to leave my swing trades for at least one week. However, for day trading, which is about 15-20% of my trading, I take trades based on the D1 prevailing direction with H4 momentum/price action.

KP

Quoting bentbysmart
thanks mate. waiting with patience most of times pay well. you see gold is trading within two triangles, so caution and urgency is paramount important. it has breakout from one while still within one triangle
Do your homework, follow the footprints of smart money
  • #746
  • Dec 12, 2019 2:33pm Dec 12, 2019 2:33pm
for now gold is in a crossroad, the China-US trade war and UK election are two factors keeping gold in sideways move
I trade like the banks
  • #747
  • Dec 12, 2019 3:33pm Dec 12, 2019 3:33pm
Noted. Nevertheless, Gold/Usd has been ranging for quite a while.Trade safe.KP
Quoting bentbysmart
for now gold is in a crossroad, the China-US trade war and UK election are two factors keeping gold in sideways move
Do your homework, follow the footprints of smart money
  • #748
  • Dec 12, 2019 8:13pm Dec 12, 2019 8:13pm
As you trap the market careful that you don't get trap by the market -
Market had for the past few weeks trapping more Sellers for NZDUSD and more Buyers for EURNZD, and since yesterday trapping more Buyers for EURAUD. NZD pairs will be prime and ripe for the annual flash crash.

More seller price goes up, more buyer price goes down.
More seller does not mean selling pressure but it means MM will be more than happy to continue feeding/supplying you.
  • #749
  • Dec 12, 2019 10:50pm Dec 12, 2019 10:50pm
Trapping the market means that you have a set of conditions the market will meet and there are specific setups you want to see. If those conditions are not met, if the setups are not seen or in the location that can make the trades feasible, you step aside. Trapping a market requires patience.

Trade safe.

KP

Quoting failinforex
As you trap the market careful that you don't get trap by the market - Market had for the past few weeks trapping more Sellers for NZDUSD and more Buyers for EURNZD, and since yesterday trapping more Buyers for EURAUD. NZD pairs will be prime and ripe for the annual flash crash. More seller price goes up, more buyer price goes down. More seller does not mean selling pressure but it means MM will be more than happy to continue feeding/supplying you.
Do your homework, follow the footprints of smart money
  • #750
  • Dec 16, 2019 12:10am Dec 16, 2019 12:10am
watching GBP pairs for retracement
I trade like the banks
  • #751
  • Dec 16, 2019 1:16am Dec 16, 2019 1:16am
That's the only way to go after the UK General Election, apart from sideways to trap or fool the unwary.

Trade safe.

KP

Quoting bentbysmart
watching GBP pairs for retracement
Do your homework, follow the footprints of smart money
  • #752
  • Dec 17, 2019 4:37am Dec 17, 2019 4:37am
I am tracking the EURUSD price action for a possible southward turnaround at an area of value. For example, if it breaches the 1.11650 horizontal resistance zone northward, I will await a potential extension to the 1.12280 zone from where I will be looking for a sell trading opportunity with an initial profit target to the 1.10870 area. Nevertheless, a bearish setup at the 1.11650 zone on a daily closing basis will get me interested in a sell trade.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily_December 17, 2019.png Size: 138 KB
Do your homework, follow the footprints of smart money
  • #753
  • Edited 3:32pm Dec 30, 2019 3:03pm | Edited 3:32pm
The USDJPY market is one that I am watching. Market operation is at a critical horizontal resistance zone, the 109.460/108.600 area (bound by red horizontal lines) and it is intersecting with a falling trendline (blue) traceable to September 2018. I am not trading this week but a significant breakdown of the zone on a daily closing basis will pique my interest to look for a sell trading opportunity next week. Any bearish drive thereafter is likely to expose the 104.830 handle (green).

I wish you all a successful and rewarding year 2020.

Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly_December 30, 2019.png Size: 137 KB
Do your homework, follow the footprints of smart money
  • #754
  • Jan 2, 2020 2:25am Jan 2, 2020 2:25am
As we start another trading year, make it your goal to trap the markets more than you are trapped. Below is a video that you may find interesting in that regard. As always, I have no financial interest in the presenter neither am I holding him up as a 'guru' to follow.

Trade safe and prosper.

KP

Inserted Video
Do your homework, follow the footprints of smart money
  • #755
  • Jan 8, 2020 2:47am Jan 8, 2020 2:47am
I am tracking the USDJPY market for an intraday trade. It is presently disposed northwards but it seems a southward mode is in the offing. I am looking for a sell trade opportunity around the 108.630/108.830 area (bound by red horizontal lines).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4_January 8 2020.png Size: 149 KB
Do your homework, follow the footprints of smart money
  • #756
  • Jan 14, 2020 12:51am Jan 14, 2020 12:51am
USDCAD price action is struggling at the 1.30540 horizontal resistance zone and we may see a southward turnaround in the area. Nevertheless, we should await a breakdown of the 1.30210 handle for a feasible sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily_January 14 2020.png Size: 140 KB
Do your homework, follow the footprints of smart money
  • #757
  • Jan 14, 2020 1:02am Jan 14, 2020 1:02am
I'm a swing trader but, in the interim, scalpers may find a bearish setup on the 15 min tf for a tp around the 1.30330 area attractive.

KP

Quoting KeenPips
USDCAD price action is struggling at the 1.30540 horizontal resistance zone and we may see a southward turnaround in the area. Nevertheless, we should await a breakdown of the 1.30210 handle for a feasible sell trading opportunity. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #758
  • Jan 14, 2020 2:00am Jan 14, 2020 2:00am
A fundamental principle of trapping the market: Wait for it. Wait for it to show its hands.

KP

Quoting KeenPips
I'm a swing trader but, in the interim, scalpers may find a bearish setup on the 15 min tf for a tp around the 1.30330 area attractive. KP {quote}
Do your homework, follow the footprints of smart money
  • #759
  • Jan 14, 2020 9:27am Jan 14, 2020 9:27am
In slow market conditions like we are having at the moment, chilling out is a good proposition unless you are comfortable with scalping a few pips here and there.

Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #760
  • Jan 28, 2020 9:55am Jan 28, 2020 9:55am
One of the things I have been doing in the past few weeks is to track a few pairs for inclusion in my watch list. One such pair is CADJPY. Presently it is on a northward mode, perhaps to fill a recent gap. Should its price action retrace to the 83.100/82.510 area (magenta), I will look for a sell trading opportunity on the H4 time frame.

Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4_January 28 2020.png Size: 137 KB
Do your homework, follow the footprints of smart money
0 traders viewing now