Question during my cooking show live stream was how do i determine a trap or a fake out?
First of all i think everyone that trades a different methodology determines a fake out in their
own way depending on their methodology the retail traders trades.
Using the Supply demand methodology i explain how i determine traps.
When i pull up a chart and i see an area that most trading methodologies are looking to buy or sell at.
i.g., support resistance traders, supply demand traders, breakout traders, range based traders,
fake breakout traders and many more different methodologies are looking to buy or sell in a certain area
it's a trap.
If im going to play the trap i need there to be a supply or demand zone above or below
the area where the other retail traders are looking to buy and sell at.
First of all i think everyone that trades a different methodology determines a fake out in their
own way depending on their methodology the retail traders trades.
Using the Supply demand methodology i explain how i determine traps.
When i pull up a chart and i see an area that most trading methodologies are looking to buy or sell at.
i.g., support resistance traders, supply demand traders, breakout traders, range based traders,
fake breakout traders and many more different methodologies are looking to buy or sell in a certain area
it's a trap.
If im going to play the trap i need there to be a supply or demand zone above or below
the area where the other retail traders are looking to buy and sell at.