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Attachments: Price Trap Eur/Usd 1 MIN
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Price Trap Eur/Usd 1 MIN

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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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
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
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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Raz, do you have a minimum or maximum range for the trap size? What trap size has worked best for you?
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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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.
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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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
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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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
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
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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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
Trade Like a Robot make money Like a Bank
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?
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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ok UK session, let's see if I can make a trap.
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price trap is set, upper level 1.3430 and lower level 1.3410
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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
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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