End of Day Traps Flashcards
What is a Trap?
It is simply a failed BO and a Trap can be a Trend Bar or Series of Bars, Then it Reverses
Here are two examples of a Trap; are we in a Trend or a TR is the question I have to keep in mind when looking at the charts.
Here are two examples of a Trap; are we in a Trend or a TR is the question I have to keep in mind when looking at the charts.
End of Day Bull Traps occur in the last 3rd of the day or so.
End of Day Bull Traps occur in the last 3rd of the day or so.
End of Day Bull Trap - Strong Reversal Up Failed. Always look to the left, if possible DT, then it may be a POSSIBLE BULL TRAP even though the DT is rarely perfect: Here, LH DT & Test of EMA
End of Day Bull Trap - Strong Reversal Up Failed. Always look to the left, if possible DT, then it may be a POSSIBLE BULL TRAP even though the DT is rarely perfect: Here, LH DT & Test of EMA
End of Day Bull Trap - Strong Reversal Up Failed.
The End of Day Bull Trap usually comes at middle of the day or later.
A Strong Bear Trend often has a late strong Bull BO due to Bears taking PROFITS to Reduce RISK when their stop is far above.
Weak Bulls get Trapped into thinking trend will reverse up but instead the Bear Trend Resumes
End of Day Bull Trap - Strong Reversal Up Failed.
The End of Day Bull Trap usually comes at middle of the day or later.
A Strong Bear Trend often has a late strong Bull BO due to Bears taking PROFITS to Reduce RISK when their stop is far above.
Weak Bulls get Trapped into thinking trend will reverse up but instead the Bear Trend Resumes
Bear Trend - Late Bull Trap (Note never risk more than 2-3% of your account on any 1 trade)
Bear Trend - Late Bull Trap (Note never risk more than 2-3% of your account on any 1 trade)
End of Day Bull Trap in a TR.
End of Day Bull Trap in a TR.
End of Day Bull Trap DB MTR Failed to its successor, a stronger DT in an End of Day Bull Trap in a TR. Sell Below Bear Bar closing near its Low
End of Day Bull Trap DB MTR Failed to its successor, a stronger DT in an End of Day Bull Trap in a TR. Sell Below Bear Bar closing near its Low
TR Day - 2nd Leg Up Trap: The 2nd is a VERY STRONG BO but Failing at Previous High, increasing the odds of this being an End of the Day Bull 2nd Leg Trap.
Keeping context in mind and seeing this failure gives me the confidence of this being a 2nd Leg End of the Day Trap
TR Day - 2nd Leg Up Trap: The 2nd is a VERY STRONG BO but Failing at Previous High, increasing the odds of this being an End of the Day Bull 2nd Leg Trap.
Keeping context in mind and seeing this failure gives me the confidence of this being a 2nd Leg End of the Day Trap
End of the Day Bull Trap: Failed and Bull Continued - the Sell Signal in this potential end of day Bull Trap did not trigger as the follow-through did not fall down below sell Signal Bar
End of the Day Bull Trap: Failed and Bull Continued - the Sell Signal in this potential end of day Bull Trap did not trigger as the follow-through did not fall down below sell Signal Bar
End of Day Bear Trap - Late Strong Failed Bear BO
End of Day Bear Trap - Late Strong Failed Bear BO
Small PB Bull Trend: Late Bear Trap - We are late in the day and you do not want to get Trapped; look to the left…
Does the selloff fall below prior HL? If not, the DB Bull Flag (Late Bear Trap)
Small PB Bull Trend: Late Bear Trap - We are late in the day and you do not want to get Trapped; look to the left…
Does the selloff fall below prior HL? If not, the DB Bull Flag (Late Bear Trap)
End of Day Bear Trap: Created Measuring Gap - ALWAYS look to the left any time you see any kind of Reversal as in this example the BO Test of Top of Last Major LH
End of Day Bear Trap: Created Measuring Gap - ALWAYS look to the left any time you see any kind of Reversal as in this example the BO Test of Top of Last Major LH
End of Day Bear Trap: Late Failed Bear BO in Bull Trend - Big Bear BO late in Bull Trend Day, 2nd Leg Down likely, but might be 50% PB and Bear Trap, Buy above Bull Bar closing on its High
End of Day Bear Trap: Late Failed Bear BO in Bull Trend - Big Bear BO late in Bull Trend Day, 2nd Leg Down likely, but might be 50% PB and Bear Trap, Buy above Bull Bar closing on its High
Small PB Bull Trend: Late Bear Trap - Biggest PB occurred earlier in the day after Small PB Bull Trend (in the context).
Then the PB late in the day that is 50-100% bigger than the biggest earlier PB usually becomes a Bear Trap as the Selloff can be strong, it than usually becomes a Bear Trap
Small PB Bull Trend: Late Bear Trap - Biggest PB occurred earlier in the day after Small PB Bull Trend (in the context).
Then the PB late in the day that is 50-100% bigger than the biggest earlier PB usually becomes a Bear Trap as the Selloff can be strong, it than usually becomes a Bear Trap
Late Bear Trap in TR Day: Strong Selloff Reversed Up - Strong selloff from failed Bull BO to a new High. Since it is a TR Day, Expect Bear BO also to FAIL
Late Bear Trap in TR Day: Strong Selloff Reversed Up - Strong selloff from failed Bull BO to a new High. Since it is a TR Day, Expect Bear BO also to FAIL
2nd Leg Bear Trap: Buy Reversal Up - Again look to the Left and see the context.
Keeping context in mind and the potential of a 2nd leg trap if the market FAILS to break below the previous Major Low.
If fails look to Buy above a Bull Bar for the Trend Resumption from the 2nd Leg Trap
2nd Leg Bear Trap: Buy Reversal Up - Again look to the Left and see the context.
Keeping context in mind and the potential of a 2nd leg trap if the market FAILS to break below the previous Major Low.
If fails look to Buy above a Bull Bar for the Trend Resumption from the 2nd Leg Trap
End of Day Bear Trap: Got a Swing HH DT (or HST) MTR - Instead of this Being an end of the day Bear Trap it became the start of a Bear Trend (see chart below for explanation)
*Once you get consecutive Big Bear Bars closing near their Lows we are probably going to get a MM down; these consecutive Big Bear Bars closing near their lows are caused by the Bulls giving up.
End of Day Bear Trap: Got a Swing HH DT (or HST) MTR - Instead of this Being an end of the day Bear Trap it became the start of a Bear Trend (see chart below for explanation)
*Once you get consecutive Big Bear Bars closing near their Lows we are probably going to get a MM down; these consecutive Big Bear Bars closing near their lows are caused by the Bulls giving up.
