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.

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

<image: Caught on the Wrong Side of the HTF Trap>

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

 

 

Similar Posts

Trading Process and Strategy

Trading Timeframe Narrow Range Bar Entry – Part Two

ByLance Beggs

  Last week we discussed the Trading Timeframe (TTF) Narrow Range (NR) bar entry and looked at a trade example. See here if you missed it. You’ll want to read this first. (Link: https://yourtradingcoach.com/trading-process-and-strategy/trading-timeframe-narrow-range-bar-entry-part-one/) So now, as promised, let’s look at another trade example from later in the same session. (Again this is a difficult…

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *