Bull/Bear Trap + M.E.
Updated
Bull Trap: those open long position within short period of time the market reverse below the stop loss;
Bear Trap: those open short position within short period of time the market reverse above the stop loss;
M.E. : Market Engine indicator that gauges the momentum;
Price Action Color Bar and M.E. help to eliminate those mislead information to trader/investor and avoid take preemptive action.
Check out the Slides to get an ideal how I apply those to filter some of costly trades.
docs.google.com/presentation/d/e/2PACX-1vTBXDYj2miZByzV_kfTJ9W1TrA548wi0Q-lgO-HwziNfKeZBf4WItrqyfyuNVTL4IEEpTBg5orHC1T2/pub?start=false&loop=false&delayms=3000
Bear Trap: those open short position within short period of time the market reverse above the stop loss;
M.E. : Market Engine indicator that gauges the momentum;
Price Action Color Bar and M.E. help to eliminate those mislead information to trader/investor and avoid take preemptive action.
Check out the Slides to get an ideal how I apply those to filter some of costly trades.
docs.google.com/presentation/d/e/2PACX-1vTBXDYj2miZByzV_kfTJ9W1TrA548wi0Q-lgO-HwziNfKeZBf4WItrqyfyuNVTL4IEEpTBg5orHC1T2/pub?start=false&loop=false&delayms=3000
Note
typical Bear trapES does not get below 3495 note on my idea, NQ get to the level 10,500 and showing the Bear trap (learn more about look up my idea on Bull/Bear Trap)
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