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Price Trap Eur/Usd 1 MIN

  • #761
  • Oct 21, 2011 1:47pm Oct 21, 2011 1:47pm
Hi ph....have you any charts with todays updates?..I could not get onto skype for some reason....
  • #762
  • Oct 21, 2011 1:54pm Oct 21, 2011 1:54pm
Quoting raz
Good question, the actual rejection has to occur. Once we have valid rejection points, then price must sit anywhere within trap for at least 11 candles which it does. You can have / like rejection or / rejection in 6 mins, but as long as price sits within in the price levels(or we call the trap) at least 11 mins long. Longer is always better, then we call it 'Valid"
Thank you for taking the time to answer and clarifying - really appreciate it.
Cheers.
  • #763
  • Oct 21, 2011 2:24pm Oct 21, 2011 2:24pm
A quick question Raz ( I'm having problems getting into Skype but I'll sort it out )...when your looking at rejection points are you looking at the area of rejection say with 2 or 3 pips or the exact tip of wicks?

T
  • #764
  • Edited 12:59pm Oct 24, 2011 12:56pm | Edited 12:59pm
I wanted to clarify a few things going forward. The idea of this method by now has been fully explained and answered thus far in this thread. I am not abandoning forexfactory.com by any means, but the pure idea from the start of this was to teach the method, and of course give examples of it and demonstrate situations. Which I think by now it has been pretty well documented. With out clogging this thread anymore with tons of post to make it almost unreadable having numerous pages to thumb through can seem somewhat overwhelming at times. However I am ending pretty much my post from here going forward, but does not mean that I will pop in time to time to answer here and there.

I am going back to a normal trading style, where I trade this live with real money and of course I still have the skype room active, but I didnt want to have too much to manage anymore. Time for me to continue and make money, but if you want to trade it live with me during the times I trade then feel free to jump on in skype room with me and we can trade it live together, but you must know the method first before just jumping right in.

I feel that the body of work has been explained, and there shouldn't be any further explanations as to how I trade this method anymore in this thread. The method works well with me, and I have no problem helping others trade it with me.

So I appreciate all that have supported me on this little venture, and all those who were here actively posting examples and illustrations. I wasn't looking for a reward or expect anything from anyone. All I wanted to do was give back to FF all things I have gathered and share what works for me on a consistent basis. There are too many to name, and I did make a ton friends while starting this thread and the skype room. But time for me to leave this thread here for those who want to learn 'how' this method is traded.

By the way if you can not get in me skype room, then send me a PM or e-mail and I will try and add you on. Remember I am only on for 3 hours 5 days a week during my specific hours.
Trade Like a Robot make money Like a Bank
  • #765
  • Oct 24, 2011 1:43pm Oct 24, 2011 1:43pm
raz, your system and your thread gave me a hundred times more than I expected!

Thank you so very much and Good Luck!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #766
  • Oct 24, 2011 2:16pm Oct 24, 2011 2:16pm
hi sir you trade only first hours after london open '''??

thank you
  • #767
  • Oct 24, 2011 5:11pm Oct 24, 2011 5:11pm
Quoting wallstreet03
hi sir you trade only first hours after london open '''??

thank you

Read post#1, and all is there.
Trade Like a Robot make money Like a Bank
  • #768
  • Oct 24, 2011 5:12pm Oct 24, 2011 5:12pm
Quoting Favorite
raz, your system and your thread gave me a hundred times more than I expected!

Thank you so very much and Good Luck!

Well I thank you from the very beginning, and I appreciate all your input here. Glad we can learn from each other
Trade Like a Robot make money Like a Bank
  • #769
  • Oct 24, 2011 7:34pm Oct 24, 2011 7:34pm
No relevant traps in the morning, but in US, there were some opportunities:

Traps 1 and 2: Got stopped, just took the blue one: -17
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  • #770
  • Oct 24, 2011 7:36pm Oct 24, 2011 7:36pm
Trap 3: TP hit : +23
Attached Image (click to enlarge)
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  • #771
  • Oct 24, 2011 7:38pm Oct 24, 2011 7:38pm
Just took traps 1 and 3. I just want to trade the first 3 hours of US too.

Best to your trading
PH
  • #772
  • Oct 24, 2011 10:43pm Oct 24, 2011 10:43pm
Quoting raz
Rejection to me is when price quickly shoots in the opposite direction of a certain level, thus greating an upper or lower level. If price hits and area and sticks there for a few minutes, I usually dont count it to be price rejection.
That actually does make things clearer for me, and I hope I didn't confuse anyone else in the process.
Good trading, y'all!!
"The only way to win the game is not to play." - B. S. Miller
  • #773
  • Oct 24, 2011 10:57pm Oct 24, 2011 10:57pm
Quoting raz
[size=3][color=navy]I wanted to clarify a few things going forward. The idea of this method by now has been fully explained and answered thus far in this thread. I am not abandoning forexfactory.com by any means, but the pure idea from the start of this was to teach the method, and of course give examples of it and demonstrate situations. Which I think by now it has been pretty well documented. With out clogging this thread anymore with tons of post to make it almost unreadable having numerous pages to thumb through can seem somewhat overwhelming...
I'm sure there's a few of us here that will stay on and try to answer questions. Me, personally, I like the forum format and I'm always making sure to perfect the knowledge I obtain. So, passing it on to others with your occasional supervision is perfect for me. I've become confident enough to start trading it live, and I'm looking forward to making some money with it. I can honestly say that if I lose money trading it live, it's my fault not the system. Good pip hunting, and all the best, my friend.
"The only way to win the game is not to play." - B. S. Miller
  • #774
  • Oct 25, 2011 8:28am Oct 25, 2011 8:28am
trap +39
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  • #775
  • Oct 25, 2011 10:43am Oct 25, 2011 10:43am
Trap 1: I think we're still sleeping by this time...
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  • #776
  • Oct 25, 2011 11:13am Oct 25, 2011 11:13am
Trap 2: No entry
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  • #777
  • Oct 25, 2011 11:21am Oct 25, 2011 11:21am
Trap 3: Stopped

That's all for UK.
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  • #778
  • Oct 25, 2011 12:13pm Oct 25, 2011 12:13pm
US session: Only take trap 4.

Best to your trading.
PH
Attached Image(s) (click to enlarge)
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  • #779
  • Oct 25, 2011 1:50pm Oct 25, 2011 1:50pm
Quoting phneutral
US session: Only take trap 4.

Best to your trading.
PH
Thanks for these charts PH
J12
  • #780
  • Oct 28, 2011 2:10am Oct 28, 2011 2:10am
Hi all,

Is this a valid 3 touches to form a trap?

http://img838.imageshack.us/img838/1...eu28102011.jpg

http://img838.imageshack.us/img838/1...eu28102011.jpg
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