No clear trap Extreme price sweep takes precedence over liquidity raids Liquidity raids need fresh price initiations to run them Exited trade and switched direction as the long idea looked more compelling
Don't see any major traps across the pairs just yet But marked out alerts at areas where traps may occur Waiting for active market hours and GBP GDP release to bring in some volatility US PPI release is later in the day
Waited for US CPI event Trap formed from US CPI reaction And that established a LTF upwards bias is my hypothesis Location was ok given the recency of the sharp trap and the target HTF still says sell, but I am giving weight to the LTF trap reversal triggered by the US CPI
Waited for US CPI Trap based on US CPI No opposing flow trap Logical location on HTF No pullback awaited for trap reversal based on US CPI reaction (a major news event)
No convincing trap given the nature of rollover Similar errors
Short: Trap non-existent; remember traps must break session local highs, lows Long: Right idea (plan worked), but imprecise location that led to reduced confidence and incorrect in flow assessment leading to a cut Need to actively think about obstacles and expected required reactions before entering trades
Trap was there both on M15 and on a HTF But the rollover logic and location did not align Similar learnings about assessing degree of pullbacks properly for getting the right locations
Trap logic was missing in the context of the overall flow on M15 Need to ask: Is this trap emerging from a reversal rollover structure or a pullback?
Trap was present Flow was CT but on the M15 it was ok But location and mini-time-scale flow did not align Need to think more carefully about likely pullback scenarios, relative to the nature of trap rollovers (sharp reactions vs rounded reactions) This is not a new learning
Trap logic was there Location aligned Flow was favourable Exit was premature; there were no strong signs of reversal
Trap was too small The fewer the rollover swings, the larger the trap needs to be Trade management was good Just trade with the HTF; far too risky to not do so!
Clear trap Good location In-line with HTF flow Need to respect HTF flow and liquidity target and have confidence in LTF trap to ride moves and not get whipsawed out of the smallest pullbacks
No clear trap and structure on M15; need a bigger, clearer trap signal
Trap was there Key lesson: Degree of sharpness of consolidation moves in and around trap structure affects pullback depth. More sharp reactions --> less pullback depth and vice versa Ok location HTF flow didn't align as well Micro trade management could have been better Need to get into high confidence backed by reasoning and data mode.
Trap was too small relative to trap that originated the move Location did not align with HTF flow Flow did not align; the sharp reversal generated move had barely had any meaningful pullbacks and faded out Be wary of traps in the Asian range; demand larger trap signs
Trap was there Location logic there Flow was also present Trade management was not as good Lesson: Pay attention to where the sharp trap reactions occur and if their objective is met to determine the extent of moves better
Compromised the trap criteria again Trap must be a clear false break of a local swing (true in this trade) But the flow must also align; the origin of the broader trading range must show signs of reversal not a slow pullback, else you need to see a trap break of that origin too. In other words, the overall flow can ONLY be in favor IFF the originating move...
Screening is a bit muddled up I was not experiencing a state of flow Risk control not really there as trap criteria was compomised relative to location Location was not ideal given the lack of a major nearby trap Flow read was good Trade management was good; exit near end of session as the move had lower chances of occurring Some thinking of breakeven and all...