Trap the Market | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trap Breaker 77 replies

Flexi Grid Trap EA 24 replies

How is a Bull trap formed? 3 replies

Price Trap Eur/Usd 1 MIN 808 replies

Helper EAs for Semi-auto trading and Manual trap setting 0 replies

Attachments: Trap the Market
Exit Attachments

Trap the Market

  • #221
  • Nov 13, 2016 12:04pm Nov 13, 2016 12:04pm
If you are tracking USDCAD, you may find my technical perspective on the pair interesting:

The pair still maintains an upward disposition. On the weekly time frame, it is still operating within an ascending channel (navy colour) with the inner trendline very much respected by price action. The technicals and order flow on the 4H time frame show alignment for further upward momentum. For details on the pair and a few others, check weekly technical outlook.

I may be wrong. Trade safe.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Top-Down_Analysis_Weekly_Nov._13,_2016.png Size: 22 KB
Do your homework, follow the footprints of smart money
  • #222
  • Nov 14, 2016 5:17am Nov 14, 2016 5:17am
Quoting KeenPips
How can the video below help you trap the market? Please, note that I have no commercial relationship with the presenter or his group. Trade safe. KP https://www.youtube.com/watch?v=fv2GwGYShJw
Just my 2cents on this video.. I've been using those suboptimal retail entry in my trading and have been making money quite consistently over the last few years..

Not waiting for a confirmation will surely offer better risk:reward but your win rate will suffer.
  • #223
  • Nov 14, 2016 7:12am Nov 14, 2016 7:12am
Quoting Alpha8
{quote} Just my 2cents on this video.. I've been using those suboptimal retail entry in my trading and have been making money quite consistently over the last few years.. Not waiting for a confirmation will surely offer better risk:reward but your win rate will suffer.
Very much agreed. But notice that location is the critical issue. You wait for price to get to specific turning points/zones identified in advance and look out for weakness in price momentum before you trigger your trade. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #224
  • Nov 14, 2016 8:27am Nov 14, 2016 8:27am
Quoting KeenPips
{quote} Very much agreed. But notice that location is the critical issue. You wait for price to get to specific turning points/zones identified in advance and look out for weakness in price momentum before you trigger your trade. Trade safe. KP
Indeed, location always comes first before looking for a good setup
  • #225
  • Nov 14, 2016 9:36am Nov 14, 2016 9:36am
Quoting Alpha8
{quote} Indeed, location always comes first before looking for a good setup
Green pips to you. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #226
  • Nov 17, 2016 2:44pm Nov 17, 2016 2:44pm
Tomorrow is light news-wise, so imho the long-term technical outlook should supervene. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #227
  • Nov 18, 2016 4:45am Nov 18, 2016 4:45am
If you are tracking the cable, be aware that it is in a ranging mode at the moment. The long-term view still favours the bears. I may be wrong. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #228
  • Nov 20, 2016 12:15pm Nov 20, 2016 12:15pm
If you are tracking the cable this week, be aware that there is much likelihood for further downward move. Here is my technical outlook on the GBPUSD:

The overall trend is downwards. On the weekly time frame, after reinstating a downward trend in May 2014, the pair has completed three price waves to the downside. A fourth price wave which began in August 2016 was followed by a period of consolidation and then resulted in a play of a corrective price action which started three weeks ago. Last week a bearish candle attempted another price move to the downside. The resulting price action may be to target the low of the fourth price wave, around 1.19710 and the technicals on the weekly time frame seem aligned for this. Details are shown at weekly technical outlook.

Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Top-Down_Analysis_Weekly_Nov._20,_2016.png Size: 23 KB
Do your homework, follow the footprints of smart money
  • #229
  • Edited 1:17pm Nov 20, 2016 12:51pm | Edited 1:17pm
If you are tracking USDCAD, you may find my perspective on the pair helpful:

The overall trend is upwards. On the weekly time frame, the pair has been in an upward trend since August 2012 and has completed six price waves with consummated corrective pullbacks. The most recent pullback touched somewhere around the 123.6 Fib but the market structure was never breached. Rather the pullback resulted in the formation of an inner trendline to the upside, which is still respected by price action. On the 4H time frame, price is operating in an ascending channel with a bullish mode which is supported by the technicals. This may likely target the next resistance zone around 1.36448.

I may be wrong. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Top-Down_Analysis_Weekly_Nov._20,_2016.png Size: 30 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Top-Down_Analysis_4H_Nov._20,_2016.png Size: 23 KB
Do your homework, follow the footprints of smart money
  • #230
  • Nov 25, 2016 12:04am Nov 25, 2016 12:04am
If you are tracking the EURJPY, may be it is time to consider trading southwards. I may be wrong. Trade safe.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Update_4H_Nov._25,_2016.png Size: 18 KB
Do your homework, follow the footprints of smart money
  • #231
  • Nov 27, 2016 4:31pm Nov 27, 2016 4:31pm
If you are looking to trade EURJPY this week, you may consider my perspective on it:

The major trend is still bearish. However, the market is currently on an upward mode. On the weekly time frame, the order flow is dominated by the bulls and the trend line is being retested. Any breach of the trendline may see price target the immediate weekly resistance zone around 122.158 before heading southwards.

Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Top-Down_Analysis_Weekly_Nov._27,_2016.png Size: 16 KB
Do your homework, follow the footprints of smart money
  • #232
  • Dec 11, 2016 1:11pm Dec 11, 2016 1:11pm
Consider the following technical outlook on the EURUSD if you would be tracking the pair this week.

EURUSDhas been on a descending trend since March 2014. However, for much of 2015 the market has been on a sideways mode. A series of consolidation patterns followed; between August and November 2016, price action formed a horizontal consolidation pattern which retested the descending trendline on the weekly time frame. The resulting order flow led to a bearish push and the bears are still strongly influential. Last week, a bearish pin bar formed at a significant weekly support. This is indicative of a further bearish move with a probable target of the next weekly support around 1.03517.

The order flow context on the 4H time frame is supportive of further bearish influence but the present level is very close to a monthly resistance zone last visited several years ago.


I may be wrong. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Top-Down_Analysis_Weekly_December_11,_2016.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Top-Down_Analysis_4H_December_11,_2016.png Size: 27 KB
Do your homework, follow the footprints of smart money
  • #233
  • Dec 11, 2016 1:41pm Dec 11, 2016 1:41pm
USDJPY Technical Outlook

If you look to trade the USDJPY during the week, you may find the following helpful technically:

The major trend of the USDJPY on the weekly time frame is up. There was a 50 % Fib retracement between January and June 2016 and a down trend had been in play for much of 2016, however the market structure was breached to the upside and the bulls are still influential. Currently, the price action is around a strong S/R zone but the bullish influence may see at least an initial target test of the zone which spans 116.280 and 117.060. The technicals on the daily time frame support the observation on the weekly. The price has just breached the 61.8% Fib and the likely next target is the next resistance which adjoins the 74.6 Fib; if this is breached the market structure for a downward trend on the daily time frame will be much threatened.

I may be wrong. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_Top-Down_Analysis_Weekly_December_11,_2016.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_Top-Down_Analysis_Daily_December_11,_2016.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #234
  • Dec 12, 2016 3:04am Dec 12, 2016 3:04am
Tips-for-Thought

While technical analysis helps prepare you for trading and to decide your plan of action, trading is less about predicting the market or the next move; it’s about reacting to what is in front of you, what is happening.

Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #235
  • Dec 15, 2016 7:13am Dec 15, 2016 7:13am
Simply reacting to the market is not going to bring you lasting and consistent trading success. You should have efficient trading strategy, system and techniques that help you effectively read, master, track and trap the market. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #236
  • Dec 18, 2016 1:44pm Dec 18, 2016 1:44pm
Are you tracking USDJPY or EURJPY? You may expect to see a further move upwards on the two pairs during the week. For detailed technical analysis on them, check weekly technical outlook.

Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #237
  • Dec 20, 2016 8:46am Dec 20, 2016 8:46am
Quoting KeenPips
Are you tracking USDJPY or EURJPY? You may expect to see a further move upwards on the two pairs during the week. For detailed technical analysis on them, check weekly technical outlook. Trade safe. KP
Having being pushed further upwards yesterday and still on the upward drive, you may expect the EURJPY to track backwards to the south after hitting the weekly pivot and retesting the 4H ascending trendline which it rejected yesterday.

Trade safe.

KP
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Update_December_20,_2016.png Size: 29 KB
Do your homework, follow the footprints of smart money
  • #238
  • Edited 3:47pm Dec 20, 2016 9:10am | Edited 3:47pm
Quoting KeenPips
{quote} Having being pushed further upwards yesterday and still on the upward drive, you may expect the EURJPY to track backwards to the south after hitting the weekly pivot and retesting the 4H ascending trendline which it rejected yesterday. Trade safe. KP {image}
Here is a clearer picture from the 1H time frame. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Update_1H_December_20,_2016.png Size: 24 KB
Do your homework, follow the footprints of smart money
  • #239
  • Dec 25, 2016 2:59pm Dec 25, 2016 2:59pm
If you are tracking AUDUSD during the week, you may find my perspective interesting.

On the weekly time frame, the pair was on a retracement to the upside for much of 2016 and consolidated for a while as it hit the 38.2 Fib level of the swing from the immediate price wave to the downside and respecting the descending trendline in the process. The order flow context on the weekly time frame shows strong bearish influence with price at a significant support zone. A break of the support zone to the downside is likely to expose the next support zone which was the swing low of the previous price wave. Otherwise, there may be a retest of the descending trendline before a further southward move. For details on the pair and more, check
weekly technical outlook.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_Top-Down_Analysis_Weekly_December_25,_2016.png Size: 31 KB
Do your homework, follow the footprints of smart money
  • #240
  • Jan 2, 2017 3:38am Jan 2, 2017 3:38am
If you are tracking the USDJPY, you may expect the bulls to have their say for the most part of the week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_Top-Down_Analysis_Weekly_January_1,_2017.png Size: 20 KB
Do your homework, follow the footprints of smart money
1 trader viewing now