Here we have two traps
1. A second leg trap that trap two types of traders
This is done as they send price up from support with high volume!
As the market goes up , you see the progression and want to participate over anticipation the move thus you become reactive not proactive.
You buy it when they are already done.
The first type is the one who solely see price going up n hops on the bandwagon bandwagon trading is a risky method! This is Ivy League profession!
The second type is the one that say I’ll wait for a pullback and then I buy.
When the market have it out for you as well as they are the ones that teaches you to buy pullbacks!
Thus they end up trapping most traders cus they don’t trade with psychology
What is this
Is the understanding that markets do what the do based off of their history and it’s well known that they will trap you after a move.!
As some common facts known
1, most breakouts will fail
2, second legs trap and bull traps are placed after breakouts!
3, ranges are magnetic thus a breakout from them will end in a return to it more than not
These are Psychological FACTS! BEEN PROVEN!
thus knowing these we can gear our trades around them
By waiting for them to trap traders and then enter the market
So here we see the second leg trap that is followed by a small candle that halted at the high.
Next we see the break. Higher that ended in a retrace star showing buyers being trapped at resistance.
And this is your entry if you was present on the chart at that time!
Sl your entry and caught 1000 risk free pips!
Gl on this journey!
1. A second leg trap that trap two types of traders
This is done as they send price up from support with high volume!
As the market goes up , you see the progression and want to participate over anticipation the move thus you become reactive not proactive.
You buy it when they are already done.
The first type is the one who solely see price going up n hops on the bandwagon bandwagon trading is a risky method! This is Ivy League profession!
The second type is the one that say I’ll wait for a pullback and then I buy.
When the market have it out for you as well as they are the ones that teaches you to buy pullbacks!
Thus they end up trapping most traders cus they don’t trade with psychology
What is this
Is the understanding that markets do what the do based off of their history and it’s well known that they will trap you after a move.!
As some common facts known
1, most breakouts will fail
2, second legs trap and bull traps are placed after breakouts!
3, ranges are magnetic thus a breakout from them will end in a return to it more than not
These are Psychological FACTS! BEEN PROVEN!
thus knowing these we can gear our trades around them
By waiting for them to trap traders and then enter the market
So here we see the second leg trap that is followed by a small candle that halted at the high.
Next we see the break. Higher that ended in a retrace star showing buyers being trapped at resistance.
And this is your entry if you was present on the chart at that time!
Sl your entry and caught 1000 risk free pips!
Gl on this journey!
