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Price Trap Eur/Usd 1 MIN

  • #101
  • Sep 26, 2011 12:55am Sep 26, 2011 12:55am
well session about to open up. So I look for new traps here, because anything that happened in the past is meaningless. Let's see where price is going to go
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  • #102
  • Sep 26, 2011 1:10am Sep 26, 2011 1:10am
Quoting raz
well session about to open up. So I look for new traps here, because anything that happened in the past is meaningless. Let's see where price is going to go
Good method Raz, simple and straight forward. Would you mind putting up a screen shot, as of now, to get an idea of your beginning of your session Much appreciated.

Good trading day to all!

Peter
  • #103
  • Sep 26, 2011 1:13am Sep 26, 2011 1:13am
Raz, the reason I'm asking this is to copare your broker start time with my broker start time. I'm with Alpari UK.
Thanks again
Peter
  • #104
  • Sep 26, 2011 1:16am Sep 26, 2011 1:16am
Quoting pete123
Good method Raz, simple and straight forward. Would you mind putting up a screen shot, as of now, to get an idea of your beginning of your session Much appreciated.

Good trading day to all!

Peter

this is what I am loking at right now, I dont have a trap quite set yet but I will try and let you know asap when I do
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.GIF Size: 50 KB
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  • #105
  • Sep 26, 2011 1:16am Sep 26, 2011 1:16am
Raz, do you have a minimum or maximum range for the trap size? What trap size has worked best for you?
  • #106
  • Sep 26, 2011 1:18am Sep 26, 2011 1:18am
Quoting toafdawg
Raz, do you have a minimum or maximum range for the trap size? What trap size has worked best for you?

please read post 1. It is critical to understand how I came about this method. I am not trying to sound rude or cocky, but if you are seriously interested in this so simple of a method, I would appreciate you read the first post.
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  • #107
  • Sep 26, 2011 1:19am Sep 26, 2011 1:19am
Quoting raz
this is what I am loking at right now, I dont have a trap quite set yet but I will try and let you know asap when I do
Thanks Raz.
  • #108
  • Sep 26, 2011 1:26am Sep 26, 2011 1:26am
I voided this trap setup, and will look for a better trap
Attached Image (click to enlarge)
Click to Enlarge Name: EUR2.GIF Size: 54 KB
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  • #109
  • Sep 26, 2011 1:32am Sep 26, 2011 1:32am
Quoting raz
I voided this trap setup, and will look for a better trap
Sorry if this sounds dumb, but for the sake of clarity, can just explain what you mean by 'close is too soon'
Thanks
Peter
  • #110
  • Sep 26, 2011 1:36am Sep 26, 2011 1:36am
Quoting pete123
Sorry if this sounds dumb, but for the sake of clarity, can just explain what you mean by 'close is too soon'
Thanks
Peter

No need to apologize peter. But I usually wait at least 11 mins of price action to occur with in the price trap before I take a valid entry. I start counting minutes after the very first price rejection. At this point price isn't settling down long enough within the price traps for me to take any entry at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR3.GIF Size: 61 KB
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  • #111
  • Sep 26, 2011 1:41am Sep 26, 2011 1:41am
Quoting raz
Hmm lil tough to say, but I see that price does settle well in the trap, however i can't tell how wide your trap is? It does reject well from the bottom level, but it does looks valid to me. Where did you enter long at?
Edit: get long 3424, stop 3409, target 3457, trap 15 pips.

It was a looser
  • #112
  • Sep 26, 2011 1:44am Sep 26, 2011 1:44am
Quoting raz
No need to apologize peter. But I usually wait at least 11 mins of price action to occur with in the price trap before I take a valid entry. I start counting minutes after the very first touch of a level .
I assume this is what screen-time has taught you. No need to reply.
Peter
  • #113
  • Sep 26, 2011 1:44am Sep 26, 2011 1:44am
Quoting phneutral
Edit: get long 3424, stop 3409, target 3457, trap 15 pips.

It was a looser

well that is probably why I dont trade it during the non eur/uk/us session. Sorry to see that, hopefully tonight I can show a few good examples. Thus far still looking for a trap
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  • #114
  • Sep 26, 2011 1:49am Sep 26, 2011 1:49am
there is definite price consolidation going on, but it is too wide to take advantage of. So may have to wait till open of UK session to see if we can take advantage
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  • #115
  • Sep 26, 2011 2:00am Sep 26, 2011 2:00am
Hi Raz, thx for sharing your method. I never tried trading 1min before as I always felt it was too fast for my brain. Gonna give your ideas a shot tho and wondering about the live skype room u mentioned in first post - is it up and running yet?
  • #116
  • Sep 26, 2011 2:04am Sep 26, 2011 2:04am
Quoting Ph22
Hi Raz, thx for sharing your method. I never tried trading 1min before as I always felt it was too fast for my brain. Gonna give your ideas a shot tho and wondering about the live skype room u mentioned in first post - is it up and running yet?

yes I am raz_4xpips
add me and I will invite you in
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  • #117
  • Sep 26, 2011 2:05am Sep 26, 2011 2:05am
ok UK session, let's see if I can make a trap.
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  • #118
  • Sep 26, 2011 2:26am Sep 26, 2011 2:26am
price trap is set, upper level 1.3430 and lower level 1.3410
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  • #119
  • Sep 26, 2011 2:31am Sep 26, 2011 2:31am
My trap was a little earlier raz, with a 22 pip channel...

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 58 KB


pete
  • #120
  • Sep 26, 2011 2:32am Sep 26, 2011 2:32am
So i am waiting to see what i can trade. Trap is 20 pips wide
Attached Image (click to enlarge)
Click to Enlarge Name: EUR4.GIF Size: 58 KB
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