Scenario 1: We go down into the bear trap and then we reverse and start rising quickly. How to trade it: Take a level 4 signal once inside the sell zone. Place your stop just above the last high. Be ready to buy if we break the critical level.
Scenario 2: We go up without breaking the lows and trapping the bears. How to trade it: Start looking for a level 1 sell signal once we touch the 'TS. Be ready to sell the breakout of the lows. Your stop should be just above the last high.
Good luck
Комментарий
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First of all, I hope none of my buddies got trapped. If you did, then it is purely your fault and you should be very upset with yourself Second, If we get a big candle here or next, then this will be a perfect call and we will have bought tickets to scenario 1
Let's see
Комментарии
nheadmaster
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How did you determine that it is a bear trap?
Ichimoku_Trader
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I'm not sure how. I have no method. I just know
I get a lot right and some wrong
Let's see what happens with this one
nheadmaster
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Ok mate. Thanks for your insight. Let's have a happy trading week.
Ichimoku_Trader
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If I ever create a method for it, I'll let you know
nheadmaster
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Well looking at H4 chart it has passed the previous low and at Daily price has passed the cloud but not CS.
Ichimoku_Trader
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As you know, when I trade I do not consider except my trading TF
I did do analysis for the daily today though. Very interesting chart
nheadmaster
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Wow. I suppose if one wouldn't look at Daily, he can't understand that the price may change direction. At least for me which I am a starter.
I see that at H1 we have a change since I see a large downwards movement but at H4 it seems to me that it can continue down.