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Price Trap Eur/Usd 1 MIN

  • #341
  • Sep 29, 2011 11:39pm Sep 29, 2011 11:39pm
Nice.Thanks RAZ.
  • #342
  • Sep 29, 2011 11:43pm Sep 29, 2011 11:43pm
go south,lol
  • #343
  • Sep 29, 2011 11:51pm Sep 29, 2011 11:51pm
Quoting xiaoxin
go south,lol

I missed it, it took off to fast. It never retraced back to let us in to make it happen. So have to void and look for another trap
Trade Like a Robot make money Like a Bank
  • #344
  • Sep 29, 2011 11:58pm Sep 29, 2011 11:58pm
up 1.3519
lo 1.3506
Trade Like a Robot make money Like a Bank
  • #345
  • Sep 30, 2011 12:03am Sep 30, 2011 12:03am
Quoting Erebus
Raz, no comment to make on your method, but only to suggest a way to use the MT4 Fibonacci Tool to highlight your levels, please refer to the screenshot; Levels are 0, 1, -2 and 3, you can put any message you want in the Description, hope that helps, good luck
Thanks.
I tried Fibo in MT4, and get the same target as Raz method.
So quick.
Thanks for your sharing.
Thanks so much.
  • #346
  • Sep 30, 2011 12:15am Sep 30, 2011 12:15am
missed it again, looking for another trap
Trade Like a Robot make money Like a Bank
  • #347
  • Sep 30, 2011 12:18am Sep 30, 2011 12:18am
trap...1.3503 top...1.3487 bottom
  • #348
  • Sep 30, 2011 12:19am Sep 30, 2011 12:19am
Quoting raz
valid trap

up level 1.3553
lo level 1.3537

hello raz

just got up now to trade the london open. but it seems iam late again.

what is the best time to start looking at charts to trade london open ? an hour before london open ?


are you in on the second trade ? i think i can still enter now if price retraces back up...
  • #349
  • Sep 30, 2011 12:23am Sep 30, 2011 12:23am
new trap? much narrow?1.3503 1.3494
  • #350
  • Sep 30, 2011 12:24am Sep 30, 2011 12:24am
This ones a buy....decisions decisions..lol
  • #351
  • Sep 30, 2011 12:29am Sep 30, 2011 12:29am
Quoting raz
I missed it, it took off to fast.
I entered at 1.35329, TP 30 got hit pretty fast (in 20 minutes).

I scalped 60+ pips during evening, I think I'd better stop right now, because of the "Unempoyment claims". Maybe I'm too cautious, but I usually don't trade NFP and "Unempoyment claims".
Gentlemen always play by the rules. If they can't, they change the rules.
  • #352
  • Sep 30, 2011 12:35am Sep 30, 2011 12:35am
Quoting oconnor365
trap...1.3503 top...1.3487 bottom

instead of entering this trade , would it not be better to enter the last trade of h -1.3519 , l- 1.3506... at a better price ? because that last still hasnt gone into profit.

what do you think raz ?
  • #353
  • Sep 30, 2011 12:39am Sep 30, 2011 12:39am
Hi,
Are you all in a skype room now?
I am in a completely different trade I didnt see the buy I just saw a sell currently in DD but thats fine im trying out a new system, have to "try before u buy" Any1 in the room now?
  • #354
  • Sep 30, 2011 12:40am Sep 30, 2011 12:40am
Quoting whatfx
instead of entering this trade , would it not be better to enter the last trade of h -1.3519 , l- 1.3506... at a better price ? because that last still hasnt gone into profit.

what do you think raz ?
Surely not because your high SL point has been "breached"
  • #355
  • Sep 30, 2011 12:42am Sep 30, 2011 12:42am
First sell a hit...second sell stopped out.....third buy still running..
  • #356
  • Sep 30, 2011 12:44am Sep 30, 2011 12:44am
Quoting whatfx
instead of entering this trade , would it not be better to enter the last trade of h -1.3519 , l- 1.3506... at a better price ? because that last still hasnt gone into profit.

what do you think raz ?
No because the high (SL point) has been breached so it is no longer a retracement for that particular setup.
  • #357
  • Sep 30, 2011 12:50am Sep 30, 2011 12:50am
fortunately for the prev trap theres a bullish cross on 15 min chart, suggesting more UP price movement.
  • #358
  • Sep 30, 2011 12:53am Sep 30, 2011 12:53am
Quoting oconnor365
First sell a hit...second sell stopped out.....third buy still running..
So do you hedge trades? Or do you close the prev. trap if a new trap appears?
  • #359
  • Sep 30, 2011 12:56am Sep 30, 2011 12:56am
Quoting autotrader
No because the high (SL point) has been breached so it is no longer a retracement for that particular setup.

i was looking at it, when sl had not been reached. now its obviously too late.
  • #360
  • Sep 30, 2011 12:59am Sep 30, 2011 12:59am
was there another buy trap at 3526???..( the third buy trap hit tp)
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