Price Trap Eur/Usd 1 MIN

you price trap is too wide and it has to have a at least a 'V' like rejection. I will show you on this pic

I guess I should have better explained the 'V' like move. Sorry for that, but don't hesitate to ask any questions.

Sorry raz... this is out of the topic but I need help.

Hi CalistogaKid... R u using MT4 for ur charting? How do u set the chart price each level in 75? Eg: 1.35000, 1.35075, 1.35150. Please snap a screen shot how to set it if possible.

Thank you.

I use Forex Trader Pro from forex.com. It sets the scale automatically according to how big the spread is between the highest and lowest prices for the number of candlestick I use in the chart.

What would you do here raz, would you shift the hi-lo points to next set of arrows or stay with the first two?



Pete

holding long at 1.3519
looking for 1.3556
sl is 1.3502

yeah, but in this case, you can get into the trade right after the fact. now it looks like I am about 11 pips from take profit again.

If the trade has not traveled the full length to take profit, then go ahead and enter in when it comes back to the original entry point. Even if it is 20 mins afterwards.

Well as I was dressing this up for you guys. My take profit just hit. So not a bad night,

1 Loss
2 Wins

and I am pretty beat for the night, so I am going to bed. I will see you guys next week

Well Explained in just a couple of pages,Early days so see how I go,Thanks

So it was nice to post this live with some of you traders. I appreciate everyone of you for following along. I trade this to make real money. I believe in it. It will take time for anyone to grasp this method. Because like most of you I have been watching the markets with indicators, so it does get a little tricky to watch price with out indicators.

Secondaly I don't believe there is such a thing as a dumb question. I appreciate any input. So feel free to ask away. I will try to make my trades live as possible. As it may seem easy to me, it does take a trained eye to start to see the price rejections. I want to thank you guys for being here for my first night.

As a quick note, I have traded this method live for the last 15 weeks straight. I have yet to have a losing week, but I have broken even 3 weeks. SO better to break even then to lose. Well I will be on next week, and if you have any questions hope to help anyone I can.

partly because there isn't much to method, and I am only trading one pair. But it gets easier over time. Spotting a price trap gets easier over time. Thanks for the input.

This is a case where the trap has not been out long enough for price to act accordingly. So you void and look to build a better Price trap

Sorry guys. I was about to turn my monitors off, and I saw this price trap build and actually got a nice signal right before my personal session is over. So I have limits set got in at 1.3541

Stop loss is 1.3554
Take Profit 1.3512

So 1 loss, two wins. If I lose this, well I am still up money wise. !

Sweeet

Wow... gave it a try. It works... Awesome!Thank you for sharing. Practice makes perfect..I'll be tagging alone with you...

Excellent system and to think that its being done off the 1 minute. Made 50 pips in total trading a long and than a short. The short is still going. Big THANX to you Raz.

Raz this system looks great. I am based in the UK so my trading time using this will be from 7am to 10am which is perfect. It means that I can trade this for an hour before taking the kids to school,then still have some time to trade before leaving for work.
Over the weekend I will look back at previous days to practice identifying the traps.
Thanks again and have a great weekend.

Heath

Hi Raz, thank you for this method.

Do you enter immediatly after the break or you wait the price to came back and tests the level?