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Price Trap Eur/Usd 1 MIN

  • #661
  • Oct 12, 2011 11:18am Oct 12, 2011 11:18am
my bad, i thought it was "price tag", didnt realise its a trap after price
  • #662
  • Oct 12, 2011 11:48am Oct 12, 2011 11:48am
Hi PH - Good to see you hammering away at those price traps!

I have a couple of questions about your trading...

1. Do you filter your trades based on the general trend or an MA?

2. Are you trading right through the European session, maybe also the US session? Any thoughts on the best times to trade? Do you think Raz's three hour slot is still the best?

3. Have you been keeping any stats on how the trades are working out? If not, do you have a rough idea?

4. Do you stick to Raz's trade management (i.e. take profit twice the stop + 3 PIPs etc.) or do you use your own?

5. Do you mark up any pivot levels or resistance levels from higher time frames to help your trades?

Thanks for your time PH.

PB



Quoting phneutral
Trap 5: Profit lock for +18 pips (very strong resistance area), so i decided to go out.
  • #663
  • Oct 12, 2011 1:09pm Oct 12, 2011 1:09pm
Quoting pixelboy
Hi PH - Good to see you hammering away at those price traps!

I have a couple of questions about your trading...

1. Do you filter your trades based on the general trend or an MA?

2. Are you trading right through the European session, maybe also the US session? Any thoughts on the best times to trade? Do you think Raz's three hour slot is still the best?

3. Have you been keeping any stats on how the trades are working out? If not, do you have a rough idea?

4. Do you stick to Raz's trade management (i.e. take profit twice the stop +...
1. I don't (Maybe I should). But we do it yesterday on skype and i must say it was a good thing...

2. I don't care about the hours, just trade UK and US and lunch in the middle. Stop about 6PM GMT.

3. I only consider to do this thing reasonably a few days,so... I,ve been posting results of that. ( I only trade this at a week and a half )

4. Sometimes i personalize it with BE's when we are about 70% of the winning way.

5. Look only at some few trendlines at the 15 minutes. (maybe a should use those lines too)

Anyway, I just do it as RAZ although sometimes we don't see the same traps. But i always fallow him straight when he is around, and got much to learn with him. Method is simple as he states and he only looks at price action too.

Regards PH
  • #664
  • Oct 12, 2011 1:13pm Oct 12, 2011 1:13pm
Thanks PH - hopefully 'see' you in the Skype room tomorrow.

PB


Quoting phneutral
1. I don't (Maybe I should). But we do it yesterday on skype and i must say it was a good thing...

2. I don't care about the hours, just trade UK and US and lunch in the middle. Stop about 6PM GMT.

3. I only consider to do this thing reasonably a few days,so... I,ve been posting results of that. ( I only trade this at a week and a half )

4. Sometimes i personalize it with BE's when we are about 70% of the winning way.

5. Look only at some few trendlines at the 15 minutes. (maybe a should use those lines too)

Anyway, I just do it...
  • #665
  • Oct 12, 2011 1:25pm Oct 12, 2011 1:25pm
Trap 6: About to BE
Attached Image (click to enlarge)
Click to Enlarge Name: 12.10.2011 6.jpg Size: 105 KB
  • #666
  • Oct 12, 2011 1:31pm Oct 12, 2011 1:31pm
So today was a loosing day:

-17+18-20+18+0 = -1 pip

Regards
PH
  • #667
  • Oct 13, 2011 3:41am Oct 13, 2011 3:41am
just woken up.

i see the first trap was a looser.

the second a winner.

anyone else in on any ?
  • #668
  • Oct 13, 2011 5:24am Oct 13, 2011 5:24am
Quoting Favorite
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?

what scalping method are you using ?

i aint very good at scalping the eu.... not my thing .

i can scalp gold very well.

it would be good to know your method and if its reliable...
  • #669
  • Oct 13, 2011 7:00am Oct 13, 2011 7:00am
Quoting whatfx
what scalping method are you using ?

i aint very good at scalping the eu.... not my thing .

i can scalp gold very well.

it would be good to know your method and if its reliable...
I had to miss this session and maybe I'll have to miss the next session (family matters).

whatfx, I used to scalp M1/M5 with stochastics, the results were pretty good, but it was very stressful, you have to watch M1/M5/M15/M30 at the same time, so I can't recommend this method.

The last couple of weeks I scalp M1 with VQ indicator. The thread is here:
http://www.forexfactory.com/showthread.php?t=310545

I use a histogram-modification of VQ:
http://www.forexfactory.com/showthre...73#post4887673

The topic-starter claims 90% winnings. I'm not that good, but I have 70%+ (maybe because I trade only H-1 trend's direction and pay attention to the PA).

I should start it earlier, it is a great system, but my broker doesn't allow TP/SL less than 10 pips. Finally I decided to use SL 10 and don't set TP, exit manually.

Sorry for the off-top, it won't happen again!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #670
  • Oct 13, 2011 12:35pm Oct 13, 2011 12:35pm
Quoting phneutral
Just see it now.

In my charts, that "trap" is 47 to 54, 7 pips wide, so... not a trap.

I voided it.

Join us at skype. Is away faster to answer.

PH
thank u,i'm sorry for my bad english,i install skype,but how to join your room,it's looks like need room url like skype: , thanks
  • #671
  • Oct 13, 2011 12:38pm Oct 13, 2011 12:38pm
Hi Raz,

Very nice system!
I was working with almost the same system only on m5, but i must say the m1 trap looks very promising! I had 3 winners and 1 loser today!

Here is my latest trade
Enter:1.3747
TP: 1.3780
SL: 1.3731
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m1cons.gif Size: 26 KB
Click to Enlarge Name: m2cons.gif Size: 24 KB
  • #672
  • Oct 14, 2011 2:12am Oct 14, 2011 2:12am
Just want to leave a message here, i quit the skype group couldn't handle the new guys each day asking the same question over and over again, when all answers are in the first post... the conversation was more of a alert ''raz '' system than trying to learn by ourself thing...

however system is ''ok'' the main problem IMHO is not caring about higher tfs

exemple : [14/10/2011 08:1X:XX] HISNAME : Mini-trap at 66-68, I move sl to 69

Fred Mercier
  • #673
  • Oct 14, 2011 2:53am Oct 14, 2011 2:53am
Quoting FiNaLWaR
Just want to leave a message here, i quit the skype group couldn't handle the new guys each day asking the same question over and over again, when all answers are in the first post... the conversation was more of a alert ''raz '' system than trying to learn by ourself thing...

however system is ''ok'' the main problem IMHO is not caring about higher tfs

exemple : [14/10/2011 08:1X:XX] HISNAME : Mini-trap at 66-68, I move sl to 69

Fred Mercier

yes you are right, I am going to start deleting people out of the room that dont even know what teh basics are.
Trade Like a Robot make money Like a Bank
  • #674
  • Oct 14, 2011 2:55am Oct 14, 2011 2:55am
Quoting Robst3r
Hi Raz,

Very nice system!
I was working with almost the same system only on m5, but i must say the m1 trap looks very promising! I had 3 winners and 1 loser today!

Here is my latest trade
Enter:1.3747
TP: 1.3780
SL: 1.3731

Gj, but your traps are a bit wide for me to trade, but gj none the less
Trade Like a Robot make money Like a Bank
  • #675
  • Oct 14, 2011 3:03am Oct 14, 2011 3:03am
For those who are still struggling with price rejection, at least how I see it, first pic is valid, and the second pic is invalid rejections
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU22.GIF Size: 54 KB
Click to Enlarge Name: eubad.gif Size: 53 KB
Trade Like a Robot make money Like a Bank
  • #676
  • Oct 14, 2011 3:18am Oct 14, 2011 3:18am
Hi there.

Too busy to post yesterday, but i want to share my results.

They were: +16-2+27-17+35 = 59 pips.

Regards
PH
  • #677
  • Oct 14, 2011 4:24am Oct 14, 2011 4:24am
Hi Raz

I wish you all the best in your strategy
Not many like you about
Adios my friend
  • #678
  • Oct 14, 2011 5:47am Oct 14, 2011 5:47am
I've constructed templates of strategy. So, it would be simpler for new members to understand the core of this strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: Razsetup1.png Size: 89 KB



Attached Image (click to enlarge)
Click to Enlarge Name: Razsetup2.png Size: 71 KB

Per aspera ad astra
  • #679
  • Oct 14, 2011 5:53am Oct 14, 2011 5:53am
very well done Ihor...a pictue is worth a thousand explanations
  • #680
  • Oct 14, 2011 5:56am Oct 14, 2011 5:56am
Quoting Ihor
I've constructed templates of strategy. So, it would be simpler for new members to understand the core of this strategy.

Attachment


Attachment

Thats a damn good job IHOR!

Thanks!!!!!

PH
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