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Price Trap Eur/Usd 1 MIN

  • #261
  • Sep 28, 2011 4:59am Sep 28, 2011 4:59am
Quoting raz
Up level 1.3617
Lo level 1.3605

hi raz

what do you mean by invalid price rejection ?


you say the depth of the trap has to be from 9 - 22 pips. so if its under 9 pips or over 22 pips, is that not a valid setup ?


i think the key to this system is knowing where to set the trap, i.e. having the right trap levels..

good
  • #262
  • Sep 28, 2011 5:14am Sep 28, 2011 5:14am
25 minutes ago I entered long 1.36236, the TP 30 pips got hit in 10 minutes.

So today altogether I got 66 pips, two trades were successful, TP got hit, and I got out of a bad one with a small profit 6 pips.

Life is good!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #263
  • Sep 28, 2011 5:54am Sep 28, 2011 5:54am
Quoting Favorite
25 minutes ago I entered long 1.36236, the TP 30 pips got hit in 10 minutes.

So today altogether I got 66 pips, two trades were successful, TP got hit, and I got out of a bad one with a small profit 6 pips.

Life is good!

you trade exactly like me. always playing it safe and grabbing those pips !

he he, found someone like me at last.....

well that is indeed the best way to trade !

which pair did you trade ?
  • #264
  • Sep 28, 2011 6:04am Sep 28, 2011 6:04am
Quoting whatfx
he he, found someone like me at last.....
I'm sure you're NOT like me: people at the "Trading Made Simple" thread say that I have a very nasty temper!


Quoting whatfx
which pair did you trade ?
With this system I trade only EURUSD so far. Planning to try AUDUSD and USDCAD.

With other systems I trade EURUSD, GBPUSD, AUDUSD, EURJPY, GBPJPY.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #265
  • Sep 28, 2011 6:06am Sep 28, 2011 6:06am
Here's a possible Trap between 1.3675 upper level and 1.36627 lower level which is also a 50% retrace of a previous move up.
Look see!
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-28_EURO.png Size: 29 KB
  • #266
  • Sep 28, 2011 6:08am Sep 28, 2011 6:08am
Quoting pete123
Here's a possible Trap between 1.3675 upper level and 1.36627 lower level which is also a 50% retrace of a previous move up.
Look see!
Peter
Looking to take a long
Peter
  • #267
  • Sep 28, 2011 6:16am Sep 28, 2011 6:16am
Quoting Favorite
I'm sure you're NOT like me: people at the "Trading Made Simple" thread say that I have a very nasty temper!




With this system I trade only EURUSD so far. Planning to try AUDUSD and USDCAD.

With other systems I trade EURUSD, GBPUSD, AUDUSD, EURJPY, GBPJPY.

well, i myself have been banned from the simple simon trading thread.
  • #268
  • Sep 28, 2011 6:21am Sep 28, 2011 6:21am
Quoting whatfx
well, i myself have been banned from the simple simon trading thread.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #269
  • Sep 28, 2011 6:26am Sep 28, 2011 6:26am
Quoting pete123
Looking to take a long
Peter
I saw a short one (1.3661) ten minutes ago, I decided not to take it. Maybe I was wrong, it goes down nicely, more than 10 pips so far.

I would probably take it, but we have some important news at 8:30...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #270
  • Sep 28, 2011 6:57am Sep 28, 2011 6:57am
Quoting Favorite
I saw a short one (1.3661) ten minutes ago, I decided not to take it. Maybe I was wrong, it goes down nicely, more than 10 pips so far.

I would probably take it, but we have some important news at 8:30...
I have since taken a short at 1.3648 and retraced a little, but is moving down now as I'm typing.
Peter
  • #271
  • Sep 28, 2011 7:00am Sep 28, 2011 7:00am
a short from Petes 36627 wudda been sweet...26 pips.. Getting to like this method very much...
  • #272
  • Sep 28, 2011 7:06am Sep 28, 2011 7:06am
Quoting pete123
I have since taken a short at 1.3648 and retraced a little, but is moving down now as I'm typing.
Peter
Yes, it is moving down nicely, with 1.3661 it would already hit my 30 pips TP. Well, we live and we learn! Probably the next time I will be thinking not about the news, but about the system's rules!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #273
  • Sep 28, 2011 7:14am Sep 28, 2011 7:14am
Nice one Pete...you wudda netted a sweet 26 pip...and still dropping
  • #274
  • Sep 28, 2011 7:28am Sep 28, 2011 7:28am
Hi guys,
72 pips total for me today, just scalping 20-30pips each setup.. Sorry, I am not comfortable with the spreadsheet yet. Thanks again.
  • #275
  • Sep 28, 2011 7:33am Sep 28, 2011 7:33am
Did anybody take 1.36392 long 9 minutes ago? I set up the trap and I saw this entry but it was 5 minutes before the news, so it was too risky for me.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #276
  • Sep 28, 2011 7:37am Sep 28, 2011 7:37am
Quoting Favorite
Did anybody take 1.36392 long 9 minutes ago? I set up the trap and I saw this entry but it was 5 minutes before the news, so it was too risky for me.
Yes, it was a fake signal, now she is going all the way down, broke the lower level of the trap.

Well, it was a good day with 66 pips for me. I think it's enough for today.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #277
  • Sep 28, 2011 7:43am Sep 28, 2011 7:43am
9 minutes ago? I didnt see that. Can you post the pic?

Quoting Favorite
Yes, it was a fake signal, now she is going all the way down, broke the lower level of the trap.

Well, it was a good day with 66 pips for me. I think it's enough for today.
  • #278
  • Sep 28, 2011 7:51am Sep 28, 2011 7:51am
Quoting forexforex
9 minutes ago? I didnt see that. Can you post the pic?
It was at 8:25 EST, the trap was only 9 pips high but I think it's still legit. I noticed this entry immediately but decided to pass it because of the news. It went up 13 pips but right after the news went south like a crazy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 183 KB
Gentlemen always play by the rules. If they can't, they change the rules.
  • #279
  • Sep 28, 2011 7:52am Sep 28, 2011 7:52am
Trap forming as we speak..??
  • #280
  • Sep 28, 2011 8:09am Sep 28, 2011 8:09am
I am looking for long here unless it breaks the red line (1hr)
Attached Image (click to enlarge)
Click to Enlarge Name: trade6 possible sep 28 b.jpg Size: 89 KB
Attached Image
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