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Exploiting trapped traders on S&R flips

  • #41
  • Mar 7, 2023 11:58am Mar 7, 2023 11:58am
okay, i understand that makes sense.

I will train to look for the levels and how price act around them
  • #42
  • Mar 7, 2023 12:00pm Mar 7, 2023 12:00pm
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
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH6.png Size: 9 KB
Financial markets aren't supermarket
  • #43
  • Mar 7, 2023 12:14pm Mar 7, 2023 12:14pm
Quoting Touch Trader
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 {image}
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.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH6.png Size: 9 KB
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  • #44
  • Mar 7, 2023 12:49pm Mar 7, 2023 12:49pm
US market (Dow Jones) is heading down - Weekly chart

Price is unable to break above those 3 weeks low.
Attached Image (click to enlarge)
Click to Enlarge Name: #US30Weekly.png Size: 5 KB
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  • #45
  • Mar 7, 2023 12:57pm Mar 7, 2023 12:57pm
Silver Daily chart

Price is hitting a major flip area, nice area to look for trades or go Long blindly
Attached Image (click to enlarge)
Click to Enlarge Name: SILVERDaily.png Size: 6 KB
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  • #46
  • Mar 7, 2023 1:09pm Mar 7, 2023 1:09pm
A Question to the Silver Chart. When i zoom out a bit there are a few levels above yours that could be seen as support.

Why do you choosed this one? Or do you dont zoom much further out?
  • #47
  • Mar 7, 2023 1:11pm Mar 7, 2023 1:11pm
Quoting Niedermaier
A Question to the Silver Chart. When i zoom out a bit there are a few levels above yours that could be seen as support. Why do you choosed this one? Or do you dont zoom much further out?
Can you please mark it on the chart so I would see what you are referring at ?
Financial markets aren't supermarket
  • #48
  • Mar 8, 2023 2:03am Mar 8, 2023 2:03am
Hey,

i have marked the levels which i have seen.

Daily is - red
Weekly- is yellow
Monthly is green.

for what i see the weekly, Daily and Montly levels dont really differ? im wrong with that?
Attached Image (click to enlarge)
Click to Enlarge Name: 08.03.2022- Silver.jpg Size: 192 KB
  • #49
  • Mar 8, 2023 2:10am Mar 8, 2023 2:10am
What do you think about the Level on the Daily Chart in GBPUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: 08.03.2022- GBPUSD.jpg Size: 163 KB
  • #50
  • Mar 8, 2023 2:26am Mar 8, 2023 2:26am
Quoting Niedermaier
What do you think about the Level on the Daily Chart in GBPUSD? {image}
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.
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  • #51
  • Mar 8, 2023 2:33am Mar 8, 2023 2:33am
Quoting Niedermaier
Hey, i have marked the levels which i have seen. Daily is - red Weekly- is yellow Monthly is green. for what i see the weekly, Daily and Montly levels dont really differ? im wrong with that? {image}
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 around them.

Remember, we want to spot the area and look for trapped traders, if one doesn't exist, there is no trade

Hope that helps
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  • #52
  • Mar 8, 2023 2:35am Mar 8, 2023 2:35am
So when i understand you correct.

For you fresh levels are not tested more than once?

Hmm Entering Blindly - so you would wait for a positiv candle? or that the candles around the level gets smaller? Something like that
?
  • #53
  • Mar 8, 2023 2:38am Mar 8, 2023 2:38am
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
Attached Image (click to enlarge)
Click to Enlarge Name: SILVERDaily.png Size: 16 KB
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  • #54
  • Mar 8, 2023 2:41am Mar 8, 2023 2:41am
Quoting Touch Trader
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 {image}
Yea for my newbie understanding i would have taken this level too.


What broker are you using? To get the same levels?
  • #55
  • Mar 8, 2023 2:44am Mar 8, 2023 2:44am
Quoting Niedermaier
So when i understand you correct. For you fresh levels are not tested more than once? Hmm Entering Blindly - so you would wait for a positiv candle? or that the candles around the level gets smaller? Something like that ?
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 that area to buy.

See the daily chart of the GBPCHF, great trade but I had missed it.

See it now?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 6 KB
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  • #56
  • Mar 8, 2023 2:47am Mar 8, 2023 2:47am
Quoting Niedermaier
{quote} Yea for my newbie understanding i would have taken this level too. What broker are you using? To get the same levels?
I use TD365 but I use MT5 just for charting purposes
Financial markets aren't supermarket
  • #57
  • Mar 8, 2023 2:59am Mar 8, 2023 2:59am
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 much, this system works on all instruments
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH6.png Size: 9 KB
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  • #58
  • Mar 8, 2023 3:05am Mar 8, 2023 3:05am
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).
Attached Image (click to enlarge)
Click to Enlarge Name: SILVERDaily.png Size: 11 KB
Financial markets aren't supermarket
  • #59
  • Mar 8, 2023 4:03am Mar 8, 2023 4:03am
Quoting Touch Trader
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 much, this system works on all instruments {image}
Ah i Will check this, thank you!

I know that i have to search for good trades, but for now i only try to learn the levels. After learning that i begin to think about trades.
When i can get around 6 percent a Month im more than happy in the future

In Silver, the distance from the level was to big? So you would prefer that the price consolidates around the level and then bounces oder breaks?
  • #60
  • Mar 8, 2023 4:13am Mar 8, 2023 4:13am
Quoting Niedermaier
{quote} So you would prefer that the price consolidates around the level and then bounces oder breaks?
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
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