Caught on the Wrong Side of the HTF Trap

 

Last week we profited from recognising and exploiting a Higher Timeframe (HTF) trap. Check it out here if you missed it – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-trap-everyone-long-above-this-level-is-wrong/

This week, let's look at the other side of traps.

The fact that sometimes… the trapper becomes trapped.

Repeating for effect:

• You don't always get it right.
• Sometimes you're "the other trader" that's caught in the trap.
• The key to surviving and minimising damage is in quickly recognising when price movement is NOT behaving as it should if the premise is correct.
• Recognise and adapt.

Happy trading,

Lance Beggs

 

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