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Trading The Bull Trap – Eliminating Losing Traders
How often did you experience a situation where a trade looked so obvious but then immediately reversed on you and you had to realize that you were, once again, entering at a very wrrong spot? A bull trap occurs when traders take a long position and then have price reverse and move lower very sharply. The long-positioned trader is trapped and this pattern often follows a very similar rhythm of luring traders into “obvious” long trades, followed by a sudden move against the traders. Bull traps often happen around previous highs where it looks as if the price is continuing the rally. Especially amateur traders often ... (full story)
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- Feb 14, 2018 9:40am Feb 14, 2018 9:40am
- fx_pipon
- | Joined Feb 2012 | Status: Junior Member | 2 Comments
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- Feb 14, 2018 10:26am Feb 14, 2018 10:26am
- eozdural
- | Joined Jun 2015 | Status: Member | 197 Comments
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- Feb 14, 2018 2:46pm Feb 14, 2018 2:46pm
- Wize
- | Joined Nov 2017 | Status: Member | 56 Comments
The market is designed to fool most of the people, most of the time.
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- Feb 14, 2018 3:05pm Feb 14, 2018 3:05pm
- jetclub.fx
- | Joined Jun 2015 | Status: They see it, still don't believe it | 3 Comments
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- Feb 14, 2018 3:46pm Feb 14, 2018 3:46pm
- jetclub.fx
- | Joined Jun 2015 | Status: They see it, still don't believe it | 3 Comments