Forex price trap strategy

Stop chasing price, set traps instead. Enter a Forex trade the smart way · The feeling that you might 'miss the train' · Stop chasing your own tail.
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cash trap strategy forex

You are an excellent teacher. My demo trading is improving a lot from what you have taught me. Thank you for the training. It makes a lot of sense. I have two questions to ask: Does every buildup from a resistance lead to breakout uptrend? Also, is it advisable to trade swings during buildup? Hi Rayner! Thank you for the enlightenment.

Thanks my friend. Hi Rainer, I read Price action trading secrets, your book. Your teachings are very easy to understand, your methodology is fantastic and is, all, practical stuff not pure theory.

Forex Trading Traps: 4 Tips How To Avoid Them

After Build up with few red doji , i got a bullish candle closes previous high. Can i enter at this point??


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Pullback back system is excellent! And prefer the build up breakouts. A fast osculatory like stochastic 8,3,3 may help as will a good volume indicator to help judge fake breakouts at a resistance point. This is powerful technic wonderfull explained breakouts you r the best teacher in world sir.

How a Bear Trap Works

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After logging in you can close it and return to this page. Share 0. Tweet 0. Superb, simple, short, effective. Learnt new way of looking at break-outs…. Focus on your risk management first before anything else. Yeah really amazing, you have a great way to explain things so clearly. Its very appreciated. Really useful stuff. Was struggling on entry and stop loss but this has helped alot.

You are genuine person to help traders, it will help lot for me sir, thank you sir. Thanks Rayner, this is so timely. Thanks for sharing.. I learned very required knowledge from your posts and videos.

1 min Scalping Forex System

Excellent information and very useful guidance when thinking about entry and stop loss. Hey Rayner, could you please guide us on some of technical indicators?


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Thanks and God bless you. This is helpful Rayner,thanks! Have a wonderful day. Excellent tactic. I love your training I have learn much from you now I will put it in practice god bless you. Rayner, Thanks for explaining the real difference between true break out and a trap. Very Powerful stuff Man!!! Last week was a rough one for the king of cryptos, but is it all over and are the bulls ready to jump back in? The Aussie dollar takes the top spot this week, benefiting from a rise in positive risk sentiment, a weak U.

There are a couple of potentially market-moving economic reports on tap, but traders will likely keep their focus on the tighter-than-expected U. Peter L. However, the third-time, price action broke the major resistance line with power. This would have resulted in most of the traders taking their long positions. When the four small candles held above the resistance line, it gives extra confirmation to the traders to buy this currency pair, but that was just a trap by the sellers.

283# Trap for the price scalping

This kind of situation is common, and sometimes novice traders tend to immediately jump to the opposite side. But for professional traders, their emotions never play a role in decision making. So never take the opposite trade if that is not a part of your plan. During the pullback phase, when price action reached the major resistance area, most of the amateur traders visually see that as a bullish market.

Price action respects the resistance line twice, but on the 25 th of Nov, when strong buyers broke the resistance line, it creates the illusion of a buy signal in this pair. But the buyers failed to hold the price higher, and the very next candle pushed the price below the resistance line. When the price broke the resistance line, amateur traders activate their buy trades. Still, technical traders will always wait for the prices to hold above the resistance line and take the buy entry only after the confirmation.

In this example, prices never held above the resistance line, so there was no trade buy trade for professional traders. On the other hand, inexperienced traders end up booking losses. In the above examples, we discussed how to identify the Bull Trap pattern. On the 3 rd of Jan, buyers broke the resistance line with some strong power.

After the break, inexperienced traders would have activated their buy positions. But always keep in mind that the breakout never confirms the buy entry. We should be keeping a close look at the price after the breakout and only trade once we get the confirmation. As you can see in the above chart, after the breakout, many candles held above the resistance line.