Euro / Australian DollarEducation
EURAUD
12.21.19 I noticed that there are a few traders that follow my post and I appreciate there thumbs up responses. When you get the alert you can see that person's name and in two cases these traders had a very large following and are prolific posters on trading you. So today I stepped out of my cave and looked at some of their posts and I commented about that in the video. I have never traded EURAUD, since both of these traders have traded that currency pair, I decided to talk about a few things that I noticed.
I noticed the bear trap and I wanted to talk about this. I showed an example of this a number of times, including Amazon, not Google as I had mentioned on the video. These traps are not intuitive, in fact they can trigger exactly the wrong response depending if and where you're in a trade. They happen all the time, they are not random and you cannot predict them. However, you can have a fairly good idea of what they are as they happen if you are watching your monitor because the opportunity is fleeting since they happened very quickly. I cannot demonstrate cause and effect, but I've seen this kind of event happened so many times... even with my students whom I have worked with for less than three months we found at least five or six traps in real time. There was a bear try that I found that did not work, but a managed to get out without any loss. Other than that I can't remember any bull or bear trap failures (with the possible exception of a hypothetical bit coin trade earlier this month) in the past year.
I noticed the bear trap and I wanted to talk about this. I showed an example of this a number of times, including Amazon, not Google as I had mentioned on the video. These traps are not intuitive, in fact they can trigger exactly the wrong response depending if and where you're in a trade. They happen all the time, they are not random and you cannot predict them. However, you can have a fairly good idea of what they are as they happen if you are watching your monitor because the opportunity is fleeting since they happened very quickly. I cannot demonstrate cause and effect, but I've seen this kind of event happened so many times... even with my students whom I have worked with for less than three months we found at least five or six traps in real time. There was a bear try that I found that did not work, but a managed to get out without any loss. Other than that I can't remember any bull or bear trap failures (with the possible exception of a hypothetical bit coin trade earlier this month) in the past year.
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