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Price Trap Eur/Usd 1 MIN

  • #641
  • Oct 11, 2011 2:18pm Oct 11, 2011 2:18pm
To listen in on the discussion, I have headphones. But, I don't have a mic. So, what exactly is the format? Do I really need to talk? (I tend to talk too much anyway.)
"The only way to win the game is not to play." - B. S. Miller
  • #642
  • Oct 11, 2011 2:19pm Oct 11, 2011 2:19pm
Math for today: +35-18-13-17-22+27+43+27+23 = + 85 pips

We make some good decisions there at skype, many good traders there.
Today was a hell of a day and tired now.

I will try to keep updates but is getting harder as we are talking more there.

Still, i think it is understood from all the examples how it works.

Regards
PH

PS: Calisto, we only wrote there.
  • #643
  • Oct 11, 2011 2:28pm Oct 11, 2011 2:28pm
Quoting CalistogaKid
To listen in on the discussion, I have headphones. But, I don't have a mic. So, what exactly is the format? Do I really need to talk? (I tend to talk too much anyway.)

I dont have a mic for Skype, it is just purely a chatroom.
Trade Like a Robot make money Like a Bank
  • #644
  • Oct 11, 2011 2:36pm Oct 11, 2011 2:36pm
Thanks Callisto, understand now.
Geoff
  • #645
  • Edited 1:21am Oct 12, 2011 1:18am | Edited 1:21am
I am starting to notice quite of few habits from people in the skype room. I wanted to clarify two things, because it is very important to understand. As soon as I log on and get loaded up in the skype room I am starting to see members calling out traps with in the first few minutes after the Euro session has open. This to me tells me that either you are so eager to trade that you are seeing what may be possibly a trap or you are not certain at what traps are. Which is fine, because I am here to help you learn what I see. However like I have said before that I usually look for 2 to 3 good solid traps a night. I dont like to expose my self to the market so much.

Second thing is after last night I notice we had some people in the room that were new, and when we all took a live a trade. Some of the members were encouraging others to take the trade. To me this is a little reckless in teaching. If you aren't certain why others are trading, please do not trade. Demo or trade very small lots, until you grow comfortable. I still want to keep this educational. However last night it was perfect example of others being a little reckless. Please trading is risky business, and I take my risk for me. If others are in a trade, does not mean that you should blindly take a live trade. There will be plenty of more trading opportunities in the future.
Trade Like a Robot make money Like a Bank
  • #646
  • Oct 12, 2011 1:38am Oct 12, 2011 1:38am
Well said Raz.

PB

Quoting raz
[b][i][size=4][color=blue]I am starting to notice quite of few habits from people in the skype room. I wanted to clarify two things, because it is very important to understand. As soon as I log on and get loaded up in the skype room I am starting to see members calling out traps with in the first few minutes after the Euro session has open. This to me tells me that either you are so eager to trade that you are seeing what may be possibly a trap or you are not certain at what traps are. Which is fine, because I am here to help you learn what I see....
  • #647
  • Oct 12, 2011 3:01am Oct 12, 2011 3:01am
Trap 1: Looser: -17
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  • #648
  • Oct 12, 2011 3:28am Oct 12, 2011 3:28am
ho is wiling to help me joi the room on skype? please couse I dont know how
  • #649
  • Oct 12, 2011 3:30am Oct 12, 2011 3:30am
Since the H-1 trend is up, I decided to take only long trades for a while. It was a small trap, 11 pips high, but I set TP 30 pips as I always do, and it got hit in 20 minutes.
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #650
  • Oct 12, 2011 3:47am Oct 12, 2011 3:47am
Quoting ral
Trap 1: Looser: -17
just got up from bed !

missed the trades.

phn - the chart you have shown does not meet the criteria i came up with, i.e. the break and price movement below must be at least 5-6 pips. so iam not surprised it was a looser. i would not have taken this trade.
  • #651
  • Oct 12, 2011 3:50am Oct 12, 2011 3:50am
Quoting AlexA
ho is wiling to help me joi the room on skype? please couse I dont know how
Hi Alex. To join the skype chat room, you have to sign in to skype. Once you are in, click on the contacts tab at the top. A new window will open which says 'Add a contact'. Here you type in, raz_4xpips then press 'find' button. Then you close the window and you will see 'Michael 'raz' Sargent' in your contacts list. You can then contact Raz from there, asking him to add you to the room.
Hope this helps
Pete.
  • #652
  • Oct 12, 2011 4:05am Oct 12, 2011 4:05am
Quoting pete123
Hi Alex. To join the skype chat room, you have to sign in to skype. Once you are in, click on the contacts tab at the top. A new window will open which says 'Add a contact'. Here you type in, raz_4xpips then press 'find' button. Then you close the window and you will see 'Michael 'raz' Sargent' in your contacts list. You can then contact Raz from there, asking him to add you to the room.
Hope this helps
Pete.
thank you
  • #653
  • Oct 12, 2011 4:14am Oct 12, 2011 4:14am
I wait for beter trap
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  • #654
  • Oct 12, 2011 4:25am Oct 12, 2011 4:25am
Quoting AlexA
I wait for beter trap
I don't see here any legit trap. And I also think that the up-trend could be close to the end.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #655
  • Oct 12, 2011 4:31am Oct 12, 2011 4:31am
Quoting whatfx
just got up from bed !

missed the trades.
The early bird catches the worm!

Quoting whatfx
phn - the chart you have shown does not meet the criteria i came up with, i.e. the break and price movement below must be at least 5-6 pips. so iam not surprised it was a looser. i would not have taken this trade.
I think it is not because not meeting your criteria. It was such a nice, good, 180+ pips trend - you just can't go against trend like this, you'll lose 9 times out of ten.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #656
  • Oct 12, 2011 8:02am Oct 12, 2011 8:02am
Not the best day for the system, so far I entered only one trade (showed it in the post #649) and got +30 pips. That's good, but not great!

Was anybody more lucky than I was?

Fortunately I scalped Euro all morning long with another system.

Is it a wishful thinking or the trap is forming right now?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #657
  • Oct 12, 2011 8:32am Oct 12, 2011 8:32am
The trap 1.3800/1.3777. Entered at 8:19 EST Euro 1.37695, but the price turned against me almost immediately, so I exited with a small profit +13.3 pips. Altogether 43.3 pips from the system, not a bad day, not bad at all!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #658
  • Oct 12, 2011 10:07am Oct 12, 2011 10:07am
traps 2 and 3: small winner +18
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  • #659
  • Oct 12, 2011 10:38am Oct 12, 2011 10:38am
Trap 4: Looser: -20
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  • #660
  • Oct 12, 2011 10:56am Oct 12, 2011 10:56am
Trap 5: Profit lock for +18 pips (very strong resistance area), so i decided to go out.
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