Price Trap Eur/Usd 1 MIN

Any-one notice this trap?

Retrace to carry down perhaps.

News In 5 Minutes!!!!

Just got in!

Momentum seems to be lacking at present. Let's wait and see.

It still hasn't hit the tp, so when it bounced back up to 1.36320, I went ahead and got in. Some days you just get lucky, I guess. Now, I just hope it doesn't turn on me.

Ok as for last night, I think most of the guys took profits when it got close, I didn't and help my posisition. Well like the market, we never where it wants to go. I felt that it would eventually push south, and it didnt and I loss. Oh well... Life goes on, and even though I was +1 pip from closing out, this is how it goes. So on to the next trading session tonight for me. Good job last night for those who made lots of pips in trading.

I'm still not sure of myself enough to take the risk. So, when I noticed it hitting support @ 1.3600, I went ahead and closed it out. But, I made an easy 17 pips. So, I'm not complaining.

Looks like a good setup is building right here.

I'm still not reall sure of myself here.

I went ahead and trusted my own judgement. I still wasn't brave enough to ride it all the way to t/p. But, I did close it out for a 23 pip profit. Go figure.

Hi Raz,

First of all, please, excuse me for my English. English is not my native language.

Thank you very much for sharing. Your trading method impressed me with its simplicity, beauty and logical. This is exactly what I was looking for. I like Prica Aktion, but I always something missing. Now, everything fell into place.


P. S. Is it possible to join to your live trading room in skype?
Thanks!

CalistogaKid, I "was home", but I was busy with good ol' EURUSD. Scalped the hell out of her!

Hi Guys!

Firts of all, I apologize for my poor english.

Long story short... I opened a demo account, went from 50.000 to 100.000 in 2 weeks or so. "This can't be as difficult as people says!!! I'm going to make a bunch of dollars here!"... Next Steps...:

1) Open a live Account
2) Deposit Funds
3) Read some Threads
4) Start loosing Money
5) Continue loosing Money
6) Lost my Money...

I found this thread a little too late to save that money, but I like the method a lot! It's simplicity and the Raz way to live it... so I opened a demo account, changed the broker, the interface, the mindset and here I am with my first trade.

I Saw the trap (blue), counted the bars and entered...

While I was confident of the Raz confidence (but also praying for my first trade), prices went up and down, and before hit my TP they created another Trap (red)...

What would you do? Add to the position? Open a new position? Nothing? Panic as I did?

Well few minutes later Prices went to my TP, I closed everything and came home.

I hope to be here for a long time... and learn from all of you enough to have happy tradings!

CU Guys! (Thx Raz)

ok from what i understood it was riding the breakout but reread the thread and you are right

here is my last trade entered just before 2nd bounce

http://img198.imageshack.us/img198/7803/98614457.gif

This is an amazing little trading system. Thanks for sharing Raz

As many of you know, the skype is room and running. I am seriously amazed how many people have turned out. Lot's of knowledge in a room. I will be back in about 3 hours or so. I appreciate all the good remarks, and wHAT THE!!! All 5 stars, holy cow you guys are generous out there. Easy method to learn, and easy to make your own.

Just watching price in general takes time to learn, but you will get it.

Trying to long at 1.3577

up level 1.3577
lo level 1.3567

Long at 1.3574, got some bonus pips
going for 1.3600 break

closed at 1.3600