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Price Trap Eur/Usd 1 MIN

  • #501
  • Oct 6, 2011 2:13am Oct 6, 2011 2:13am
Quoting raz
nice to get a win


whew needed it

it seems the combination of you and me are lucky. both need to be here tomorrow at london open !
  • #502
  • Oct 6, 2011 2:21am Oct 6, 2011 2:21am
folks, iam done on eu for the london session. off to trade my other instruments.
  • #503
  • Oct 6, 2011 2:26am Oct 6, 2011 2:26am
Quoting whatfx
it seems the combination of you and me are lucky. both need to be here tomorrow at london open !

I agree. I try to keep posting here as much as I can, but so many of us are in skype room. I would say at least 10 of us caught that trade, and either demoed it or lived it

Yesterday's reason for bad traps
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Trade Like a Robot make money Like a Bank
  • #504
  • Oct 6, 2011 2:26am Oct 6, 2011 2:26am
Quoting whatfx
folks, iam done on eu for the london session. off to trade my other instruments.

gj my friend
Trade Like a Robot make money Like a Bank
  • #505
  • Oct 6, 2011 3:23am Oct 6, 2011 3:23am
For some reason my skype is frozen. However I hit my second winner on a long. It was nice to recover all of the weeks losses. Now I am at break even for the week. Little tired right now, so I am off to bed right now.
Trade Like a Robot make money Like a Bank
  • #506
  • Oct 6, 2011 3:26am Oct 6, 2011 3:26am
Cant explain why I can not get back in skype. However I am signing off anyways.


Catch you guys tonight
Trade Like a Robot make money Like a Bank
  • #507
  • Oct 6, 2011 4:41am Oct 6, 2011 4:41am
Trade 1: Winner
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  • #508
  • Oct 6, 2011 4:46am Oct 6, 2011 4:46am
Trade 2: Winner
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  • #509
  • Oct 6, 2011 4:55am Oct 6, 2011 4:55am
Nice looking trades today for this system... Phneutral...what was it about trap 5 in your previous charts that you spotted...that it travelled at least R:R 1...before retracing??...just curious


T
  • #510
  • Oct 6, 2011 5:06am Oct 6, 2011 5:06am
Quoting oconnor365
Nice looking trades today for this system... Phneutral...what was it about trap 5 in your previous charts that you spotted...that it travelled at least R:R 1...before retracing??...just curious


T
A breakout strategy, entering -3 pips from the low or +3 from the high of the trap offers you 1:1 R:R. (except on trap 5)

So, Yes that's it, 7 wins, 1 looser.

Lets continue to watch the trades.

PH
  • #511
  • Oct 6, 2011 5:28am Oct 6, 2011 5:28am
Trade 3: trap inside trap inside trap... still developing.
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  • #512
  • Oct 6, 2011 6:08am Oct 6, 2011 6:08am
trade 3 update, Winner
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  • #513
  • Oct 6, 2011 6:27am Oct 6, 2011 6:27am
I took trade 2 and trade 3.

I missed trade 1 because was busy watching another system and trying to follow 5 currencies... What can I say? It was a last straw, I decided to trade only Price-Trap system (I used the system several times during Asian and American sessions, I'm sure I can use it successfully at any time of the day). I also think I'd better focus on just one currency - Euro.

So I have a question: have anybody tried to trade only one currency? I don't mean this particular system, I mean the whole trading plan. I feel that trading only Euro will be good for me.

Is trading several currencies really much better than trading only Euro? Does Euro give enough opportunities, enough trades? I always traded at least 3 currencies, I traded crosses and British pound more often than Euro, and now I'm kind of anxious.

Thank you.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #514
  • Oct 6, 2011 6:57am Oct 6, 2011 6:57am
Quoting Favorite
I took trade 2 and trade 3.

I missed trade 1 because was busy watching another system and trying to follow 5 currencies... What can I say? It was a last straw, I decided to trade only Price-Trap system (I used the system several times during Asian and American sessions, I'm sure I can use it successfully at any time of the day). I also think I'd better focus on just one currency - Euro.

So I have a question: have anybody tried to trade only one currency? I don't mean this particular system, I mean the whole trading plan. I feel that trading...
Didn't try other currencies yet.
I will focus on this one till have a few hundreds of trades to look. And then draw conclusions.

Yesterday 8 trades, today 3 until now. I think its enough opportunities.

Best to your trading.
PH
  • #515
  • Oct 6, 2011 7:05am Oct 6, 2011 7:05am
Raz - Thank you for sharing the system.

Phneutral - Thank you for your time in high-lighting and posting charts; For those that can't make it to the skype discussion - it makes learning a lot easier.

Cheers and Good Trading.




Quoting phneutral
Trade 3: trap inside trap inside trap... still developing.
  • #516
  • Oct 6, 2011 7:07am Oct 6, 2011 7:07am
Quoting phneutral
Didn't try other currencies yet.
I will focus on this one till have a few hundreds of trades to look. And then draw conclusions.

Yesterday 8 trades, today 3 until now. I think its enough opportunities.

Best to your trading.
PH


Thank you, PH!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #517
  • Oct 6, 2011 8:06am Oct 6, 2011 8:06am
You welcome.

Don't get trapped
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  • #518
  • Oct 6, 2011 8:50am Oct 6, 2011 8:50am
Here is my trades this morning (8-12) GMT+1.

Good things are worth waiting for

Thanks Raz...

PC
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Less is more...
  • #519
  • Oct 6, 2011 9:18am Oct 6, 2011 9:18am
Hey, all, I wrote a bit of a long post here with questions, and I realized maybe I could ask a favor, instead...

Would someone be willing to go to their MT4 History Center and Export their 1 minute data for EURUSD (as well as any other pair you feel is worth back testing)?

If you're willing, I'm assuming you'll have to email me the data because of file size, so shoot me a PM and I'll send you an email address.

Like my post says, I'm in Iraq and don't have access to a network to get the data anymore, and it will be a month before I'm back "home". So ANY help would be appreciated so I can backtest and check this out!

Thanks
  • #520
  • Oct 6, 2011 9:42am Oct 6, 2011 9:42am
Traps 4 and 5: Both winners if u could manage an entry. Didn't take it

Just focus on the colors.
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