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Price Trap Eur/Usd 1 MIN

  • #301
  • Sep 28, 2011 5:03pm Sep 28, 2011 5:03pm
Quoting raz
Hello all, good work last night, and way to keep trading it. I am off to work soon. As of last night it didn't seem like I posted much in the thread, because of the skype room. I am not by any means abandoning the thread. However to post valid traps and entries is faster with skype.

I will post my live trades and traps at night, and hopefully try to explain as well when I am trading something or not. I appreciate all those who follow and keep up with this, and like Favorite and Forexforex keep it going.

Pmg.g Sorry for not answering your question,...
raz, sharing this system and opening the thread is very nice and generous of you.

Maintaining a popular thread is not only a big responsibility, but it is also time-consuming. I know what I'm talking about, in May/June I used to maintain a "Trading Made Simple" thread on another forum. I swear to God, maintaining the thread, answering the questions and PMs took me 2-3 hours per day, sometimes even more. So I really appreciate what you're doing and I think we all have to do our best helping.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #302
  • Sep 28, 2011 5:47pm Sep 28, 2011 5:47pm
Hi Raz....earlier on you posted a chart with a green box on it where you highlighted a candle that was an invalid rejection candle...can you explain ?

T
  • #303
  • Sep 28, 2011 6:52pm Sep 28, 2011 6:52pm
Quoting oconnor365
Hi Raz....earlier on you posted a chart with a green box on it where you highlighted a candle that was an invalid rejection candle...can you explain ?

T

I was referring to the fact that it doesn't count with the trap I was setting. Although it was a legit price rejection, it was consistent to the trap that was forming. Sorry it was not clear in the illustration, but I look for the trap to have consistent touches.
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  • #304
  • Sep 28, 2011 7:09pm Sep 28, 2011 7:09pm
Something important to notice. I haven't watched too price action during the US session, because primarily I have a work and daily life. However I will make this point of view. I believe price does behave differently during other sessions, not necessary tied in with lack of volume, but just in price action alone. You take the fact that I have price action on just the EUR/USD for close to about 6 months. Sometimes I will watch price on my time off during the US session, after UK has closed and realize it does show different swings and price rejections. So it's hard for me to say that this method will work all day, but if it does then by all means have at it. I am curious to see if someone is having good success with other pairs on this, but this for I am steady on the EUR/USD. Low spread, and great volatility.

Raz
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  • #305
  • Sep 28, 2011 8:27pm Sep 28, 2011 8:27pm
how about this one? although is not trading time.
Attached Image (click to enlarge)
Click to Enlarge Name: 11092901.gif Size: 14 KB
  • #306
  • Sep 28, 2011 9:05pm Sep 28, 2011 9:05pm
I won't be able to trade this London Open - family matters, a relative is visiting. Oh well, there will be other days and other sessions.

Good luck and happy pipping, everybody!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #307
  • Sep 28, 2011 10:16pm Sep 28, 2011 10:16pm
Quoting bobowang
how about this one? although is not trading time.
good job. the problem is the entry point is a little bit higher for this one!
Attached Image (click to enlarge)
Click to Enlarge Name: 11092902.gif Size: 16 KB
  • #308
  • Sep 29, 2011 1:02am Sep 29, 2011 1:02am
Let's be patient and wait for valid setups. Alot of us are getting eager to trade so bad they are trying to force a possibility when they are not certain if they have valid traps or setups regardless. So practice makes perfect, and if you are not certain then please do not trade any serious money until you are.
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  • #309
  • Sep 29, 2011 2:03am Sep 29, 2011 2:03am
upper level is 1.3618
lower level is 1.3599

looking for entry
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  • #310
  • Sep 29, 2011 2:03am Sep 29, 2011 2:03am
is this a valid trap now Raz?
  • #311
  • Sep 29, 2011 2:07am Sep 29, 2011 2:07am
longed behind entry line, but that is bonus pips now, so let's see where she goes
Attached Image (click to enlarge)
Click to Enlarge Name: EUR155.GIF Size: 54 KB
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  • #312
  • Sep 29, 2011 2:10am Sep 29, 2011 2:10am
plenty of chance to get in if you want to demo it, but I am in at 1.3617, tjhat is one pip behind the entry line
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  • #313
  • Sep 29, 2011 2:55am Sep 29, 2011 2:55am
Well done Raz.....another hit...now you can sleep in peace..lol
  • #314
  • Sep 29, 2011 2:56am Sep 29, 2011 2:56am
Quoting raz
longed behind entry line, but that is bonus pips now, so let's see where she goes
Out at 3656

Raz keep us updated here, can't connect to skype dunno why... Tks!
  • #315
  • Sep 29, 2011 3:04am Sep 29, 2011 3:04am
Quoting phneutral
Out at 3656

Raz keep us updated here, can't connect to skype dunno why... Tks!

Yes TP did hit. I had to run a stupid update on my cpu right at that time so had to leave the skype room. But Got the TP anyways, gj all!
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  • #316
  • Sep 29, 2011 3:08am Sep 29, 2011 3:08am
hi, raz,
the following trap is not a valid trap, why?
Attached Image (click to enlarge)
Click to Enlarge Name: 11092903.gif Size: 18 KB
  • #317
  • Sep 29, 2011 3:27am Sep 29, 2011 3:27am
Quoting bobowang
hi, raz,
the following trap is not a valid trap, why?

well for one it is 29 pips wide, and what time are you looking at this at?
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  • #318
  • Sep 29, 2011 3:32am Sep 29, 2011 3:32am
Hi raz,

Not trying to change the focus of your thread, but have you looked at the 5M tf? Tks for you view & sharing your method.

___________________________
  • #319
  • Sep 29, 2011 3:40am Sep 29, 2011 3:40am
Quoting acetrader
Hi raz,

Not trying to change the focus of your thread, but have you looked at the 5M tf? Tks for you view & sharing your method.

___________________________

yes, but again I prefer 1 min.

ty
raz
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  • #320
  • Sep 29, 2011 3:53am Sep 29, 2011 3:53am
upper level 1.3666
lower level 1.3651

shorted already... If you demo now is time to get in.
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