Gentlemen always play by the rules. If they can't, they change the rules.
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How is a Bull trap formed? 3 replies
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DislikedI see in the #1 post, is says channels must be a minumum of 9-23 pips wide from top to bottom.
What is the maximum though?
Did you mean 23 pips is the maximum amount before a channel is too big?Ignored
DislikedSince Raz came up with this system maybe he can advise. I had an idea that might clear up the subject of what is price rejection and what isn't. Some type of guideline formula. For instance:
Price must move up or down X number of pips within Y minutes. Any less is not price rejection according to this system.Ignored
Dislikeddoes anyone have a collation of results so far as to how this system has performed since inception...Ignored
DislikedHere is a picture of a 23 pip wide 11 candle trap. Price has just retraced back to the bottom of it.
Is this not enough candles yet though? Too early to call it a strong trap?
Is there a minimum number of rejection you want to see?
I only saw one V rejection per side then it went through the bottom and is now retracing back to it.?Ignored
Dislikeddoes anyone have a collation of results so far as to how this system has performed since inception...Ignored
DislikedWell wether my price trap was exemplary or not it worked out. Came within a hair of getting stopped and then went to my TP and I locked it in with postive SL, and got stopped at +41 pips.Ignored
DislikedGJ, trap must have minium of 11 pips, and I post a pic of the last valid trap I took last night, and woke up to a winning trade. Count the candles starting where the first circle is.Ignored
DislikedWhile I've got the op here. I just want to re ask him the same question I aksed earlier.
23 pips is the max size for a price trap that you use/allow?Ignored
Dislikedcorrect, but some others are trading traps in the realm of 35 pips, but that is strictly on themIgnored
Dislikeddoes anyone have a collation of results so far as to how this system has performed since inception...Ignored
Dislikedhi whatfx, I see you in so many threads, and posting a lot, mean you look for a good system, but never trade, here is your opportunity:
please focus your time and do this homework for us, trade the system for a month and give us the results.
thanks in advanceIgnored